trust – tolerance – self-sufficiency

Quite why house prices should continue to increase so absurdly is somewhat of a mystery given that no wealth is being created and that house owners generally get no benefit – e.g. your house may have risen in ‘value’ from £2,000 to £2,000,000 but if the house you want to move to costs £2,000,001, you are worse off.  Only the taxman, estate agents, lawyers and, on your death, your next of kin gain anything – nothing in it for you at all unless you’re daft enough to be continually borrowing against it.  Worse, it is becoming almost impossible for would-be first time buyers.

Building more houses in some vague attempt to stop this and on the ludicrous assumption that future needs can be ‘forecast’, is madness, not least as it will involve destroying land that should be used for farming, i.e. for feeding us.  Emphasis must be placed on using the space available in cities and towns (disused land and property, floors above shops etc), on refurbishing existing properties as opposed to the environmental vandalism of demolishing them, and building small numbers of locally approved houses in rural communities (as opposed to the completely cracked idea of building ‘Garden Cities’).  Technically, all this will present the building industry with some awkward problems, but they’ll get over it, they’re not stupid.  Socially, it will bring people back into the towns and cities, with all the benefits that that will yield, and it will put an end to the ulcerative spread of estates of ever more pokey houses and associated infrastructure away from these decaying urban centres.

HELP AND INFORMATION WANTED

  1. Ideas for improving the current arrangements for house sales.
  2. Analysis:  how many people have mortgages, how many are in ‘negative equity’, how many are adversely affected by this by virtue of having to sell their property.
  3. Any reasons why the constant rise in house prices can be considered a ‘good thing’