Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Hammond secures 3 billion for house builders

Options
2

Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It is surely not beyond the wit of man to come up with a means of allocating land that incentivises housing to be built.

    For example - we make the issuance of planning permission for XX thousand houses in certain areas pre-approved so long as it meets basic criteria - not in a flood plain, houses of a certain style/size/type, built within X number of years, etc - and let the market get on with it.

    So an individual could buy half an acre at agricultural prices, get planning, run services, build a couple of houses - a council could release 100 acres they owned, subdivide, run services, sell the plots cheaply - a developer could buy 1000 acres and build without having to spend tens of millions on the land.

    Radically increase the supply and prices will fall...
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • padington
    padington Posts: 3,121 Forumite
    The plan seems to be mostly about turning shops into flats and effectively creating a sudden new demand for commercial property.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 4 October 2016 at 4:10PM
    CLAPTON wrote: »
    -how would that help in London ?
    -why would a council be good at 'designing' estates
    -if the council sells at market value then they would be 'unaffordable'
    -in London, the 'original' landowner would be the person you stole -their property from to knock down and redevelop
    -there would be no other money

    you could take the Aylsbury Estate in Southwark as an example
    I forgot to mention
    0) Remove all green belt designations and replace with something more sensible (smaller)

    We don't actually need more houses in London, if houses were built in the South East it would do just as well since the South East has excellent transport links (current disputes aside)

    Councils did a very good job of designing the post WW2 housing estates in cities like Plymouth. Take a look at the satellite photos of 1950s estates and then look at the current Taylor Wimpey matchbox estates.
    Green spaces, playing fields, a few shops, BUS ROUTES. All things missing from commercial projects.
    Changing the world, one sarcastic comment at a time.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    stator wrote: »
    I forgot to mention
    0) Remove all green belt designations and replace with something more sensible (smaller)

    what exactly would they be then
    We don't actually need more houses in London, if houses were built in the South East it would do just as well since the South East has excellent transport links (current disputes aside)

    delusional
    Councils did a very good job of designing the post WW2 housing estates in cities like Plymouth. Take a look at the satellite photos of 1950s estates and then look at the current Taylor Wimpey matchbox estates.
    Green spaces, playing fields, a few shops, BUS ROUTES. All things missing from commercial projects.

    no idea about Plymouth but if modern estates don't have open spaces it is because local authority force it to be so.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    It is surely not beyond the wit of man to come up with a means of allocating land that incentivises housing to be built.

    For example - we make the issuance of planning permission for XX thousand houses in certain areas pre-approved so long as it meets basic criteria - not in a flood plain, houses of a certain style/size/type, built within X number of years, etc - and let the market get on with it.

    presumably this is private property
    So an individual could buy half an acre at agricultural prices, get planning, run services, build a couple of houses - a council could release 100 acres they owned, subdivide, run services, sell the plots cheaply - a developer could buy 1000 acres and build without having to spend tens of millions on the land.

    how do councils happen to have land they own?
    Radically increase the supply and prices will fall...

    possibly
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    stator wrote: »
    I forgot to mention
    0) Remove all green belt designations and replace with something more sensible (smaller)

    We don't actually need more houses in London, if houses were built in the South East it would do just as well since the South East has excellent transport links (current disputes aside)

    Councils did a very good job of designing the post WW2 housing estates in cities like Plymouth. Take a look at the satellite photos of 1950s estates and then look at the current Taylor Wimpey matchbox estates.
    Green spaces, playing fields, a few shops, BUS ROUTES. All things missing from commercial projects.
    Have you ever driven into London in the rush hour or got on train into London in rush hour.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I very much hope the cynicism here is misplaced although I admit that's just a hope.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    2 billion at 250,000 per house (obviously not in London) means 8000 houses over 4 years so 2000 per year
    we need at least a 1million so that would take 500 years assuming no further increase in population

    nothing cynical just a bit of maths
  • cells
    cells Posts: 5,246 Forumite
    There is no real need to improve supply much at all outside of primarily London and secondarily the SE

    My solution would be to rebuild much of inner London. Some parts like inner east London area are still 60% social homes so more or less 60% of the land can be redeveloped.

    A more pragmatic approach is also needed. There are lots of council estates flats in London which really should for example have building heating systems rather than running gas lines and boilers to each and every property. Not only would it be cheaper to install cheaper to maintain cheaper to run but also safer and more reliable.


    I would like to see almost all of the old council estates in Hackney/Islington/Tower Hamlets knocked down and rebuilt at 3x the density. Those areas are close enough to walk/cycle to the city/Westminster which are the two biggest employment hubs in London and you can walk there so there would be no large transport stress. Generally its working age who would live there so less stress on schools or hospitals too. The other inner London zone2 boroughs would probably need the same but I am less familiar with them.

    At the same time when rebuilding at 3x the density the properties should be no more than 1/3 council so although the number of council properties stays the same the ridiculous situation where 60% of the households are social of which 60% dont work falls towards 20% of the households in the area.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    cells wrote: »
    There is no real need to improve supply much at all outside of primarily London and secondarily the SE

    My solution would be to rebuild much of inner London. Some parts like inner east London area are still 60% social homes so more or less 60% of the land can be redeveloped.

    A more pragmatic approach is also needed. There are lots of council estates flats in London which really should for example have building heating systems rather than running gas lines and boilers to each and every property. Not only would it be cheaper to install cheaper to maintain cheaper to run but also safer and more reliable.


    I would like to see almost all of the old council estates in Hackney/Islington/Tower Hamlets knocked down and rebuilt at 3x the density. Those areas are close enough to walk/cycle to the city/Westminster which are the two biggest employment hubs in London and you can walk there so there would be no large transport stress. Generally its working age who would live there so less stress on schools or hospitals too. The other inner London zone2 boroughs would probably need the same but I am less familiar with them.

    At the same time when rebuilding at 3x the density the properties should be no more than 1/3 council so although the number of council properties stays the same the ridiculous situation where 60% of the households are social of which 60% dont work falls towards 20% of the households in the area.

    once we leave th EU and repeal HR act then this might become possible
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.