James Miller

 

Monday, August 06, 2007

High House Prices

 

The problem is that there are just not enough houses being built and this means prices go up because of supply and demand.

But then most people want their house to rise in price and the rest can go hang. Just look at the fuss last week about the short-stay home for the relatives of soldiers hurt fighting abroad. Most of their arguments were that house prices would fall.

How selfish.

We own a stud and have recently sold half and have needed to build a new stud office in old cart sheds, that were just held up by the woodworm holding hands. The planners have been a nightmare and you sometimes wonder if they don’t want any development. Incidentally, the locals haven’t made one objection.

So to get the houses we need, the planners need a good kicking.

But as an example of what could be done. On the stud we own a pair of the crappiest 1950s built single-brick wall semis on a large plot. Everybody would benefit, if these were demolished and perhaps four small cottages were built around a courtyard. Two we would keep for staff and two would be sold.

But planners would never let such a development take place, as if it happened everywhere house prices would fall.

We must build more. And I mean a lot more.

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