Tuesday, 12 December 2017

 land value tax faces large political obstacles

So says a new publication from Civitas, an independent UK think-tank. This statement of the bleedin obvious comes at the end of very good chapter extolling the virtues of LVT. So whats their answer to overcoming political obstacles?
Hand over development rights to Local Authorities:
remove from landowners their ability to withhold land in pursuit of more favourable circumstances and a higher sale price at some point in the future. This could be achieved by enabling the public sector to purchase land that is designated for new housing at close to its existing use value 
 Pure funk! If we cant do the right thing then lets try some cack-handed largely untried Scheme instead!

Thursday, 30 November 2017

IT'S TRUE. BUILDING MORE HOUSES WON'T BRING DOWN PRICES ANYTIME SOON.

So says Oxford Economics, ‘Forecasting UK house prices and home ownership’, November 2016
Here's what they say:

Sunday, 26 November 2017

BRILLIANT ARTICLE IN THE IRISH TIMES!
How Japan i
ntroduced LVT and won!

Want to fix the housing crisis? Tax land. Ireland needs to follow radical example of Japan’s 19th-century ‘Meiji Restoration’

In 1860 Japan was isolated, feudal and weak. It was an obvious next commercial target for avaricious westerners. If India and China could be enfeebled by imperialists, what chance had remote Japan?

But Japan didn’t go the way of China. By 1900 Japan had become the most advanced independent nation in Asia. By 1905 it was trouncing the Russians on the battlefield. How?

Monday, 20 November 2017

STAMP DUTY BLOCKING 45,000 PROPERTY PURCHASES A YEAR
but only if Stamp Duty completely abolished!
Switch it to a mini-LVT and it would work

Sunday, 5 November 2017

ABOLISH DEATH DUTIES and replace (some of?) them with LVT revised
What a wicked idea! Abolish Death Duties, officially called InHeritance Tax—IHT. By definition, dead people have no more use for their wealth. If you are lucky enough to inherit wealth, you got to admit that you’ve done nothing to earn it.

Thursday, 19 October 2017

INDUSTRIAL CAPITALISM WILTS WHILE THE 1% RENTIER ECONOMY FLOURISHES

Michael Hudson writes a long but very well argued piece (19 Oct 2017) on this topic "Socialism, Land and Banking: 2017 compared to 1917" He says
  • " the world has un-taxed land rent and is still grappling with the problem of how to keep housing affordable. Instead it is siphoned off rent to a landlord class – more recently transmuted into mortgage interest paid to banks by owners who pledge the rental value for loans. Most bank lending today is for real estate mortgages. The effect is to bid up land prices toward the point where the entire rental value is paid as interest.
and   the only way to save society from the financial power [is] a policy of          
  •             nationalizing natural resources,
  •             fully taxing land rent
  •             and [nationalising] infrastructure and other key sectors.
Note the need to fully tax Land Rent.

You can read the full article here (wonkish and marxist!)
http://thesaker.is/socialism-land-and-banking-2017-compared-to-1917/



Tuesday, 17 October 2017

HOUSE PRICES MUST FALL!

No amount of tinkering with the housing market — help-to-buy, build on the Green Belt, more Social Housing—will fix it. Only a really good lasting crash down in the prices of houses will work. Only when we have permanently lower house prices will young people be able to get on ‘the housing ladder’ as it is quaintly called. Only when houses get a lot cheaper will they become ‘affordable’ to use the weasel-words of housing policy wonks and politicians.

Tuesday, 10 October 2017

Britain can't cope with a fall in house prices – here's why
            Alexander Tziamalis     i Newspaper 
                        Monday 9 October 2017 13:00 BST
 [I've lifted this from the i  because it explains why politicians cannot Do What It Takes to fix Housing. HOUSE PRICES MUST FALL, but here's why they won't!]

Friday, 6 October 2017


FIXING THE SNAG WITH switching SDLT to mini-LVT
                                                                                                     
Is there a problem? As I’ve said, Stamp Duty is a ‘voluntary’ tax. If you don’t want to pay it, then don’t buy a house or flat. My proposed small LVT replacement will also be ‘voluntary’.

Since the new LVT is a straight replacement for the old Stamp Duty there will be no need for parallel running while bringing it in.

But is that enough, politically? Can we rely on homebuyers forgetting how the old SDLT worked? It was steeply progressive. Cheap houses paid NO Stamp Duty. To buy a mansion in Chelsea cost a huge whack of SDLT. 

Monday, 18 September 2017

Conall Boyle, my life in houses and the housing market. 

I was born in Dublin a long time ago, 1942 to be precise.  My unusual first name is an acknowledgement of my ancestors' origins in County Donegal — Tir Chonaill 'Land of Conall' in the Irish. 

I got involved in the valuation of houses at a very early age, six or seven. This happened when I accompanied my father to many parts of Ireland (apart from the Six Counties of Northern Ireland). He was a District Valuer in the Irish Civil Service. His job was to inspect, measure up and value properties for Rating Valuations. My job was to hold the other end of the measuring tape.          


Tuesday, 12 September 2017

HERE'S MY ADVICE TO THE WELSH ASSEMBLY's
call for proposals on Financial Reform
(yes it's a re-hash of an earlier post!)
A step towards Land Value Tax that is practicable, popular, politically savvy and economically sound
ABOLISH STAMP DUTY (LTT) and replace it with LVT

A submission by ALTER, the Liberal Democrats Action for Land Tax and Economic Reform

Sunday, 10 September 2017

DID LLOYD GEORGE LABOUR IN VAIN?
THE LASTING TRIUMPH OF HIS 1909 ‘PEOPLES’S BUDGET’ WAS INHERITANCE TAX
But is it now time to Convert IHT into more LVT?

You might think that it is very odd that the next best tax to switch to LVT, let's call it LVT2 would be IHT — InHeritance Tax, which is so detested by Middle Class Daily Mail and Telegraph readers! These Tory-loving newspapers have somehow fallen for the idea that it would be electorally popular to get rid of IHT:
           

Saturday, 2 September 2017

Possibly the most dim-witted suggestion EVER for solving the housing crisis !    

We propose three policies that would hand power back to residents; ways of solving the housing crisis that will also win political parties votes. Each would make a huge difference alone; together they could have a transformative effect on the housing situation in Britain:

Saturday, 22 July 2017


Building more houses didn't bring lower prices.
Here's what happened in Ireland.
IRELAND: Housebuilding quadrupled, AND SO DID PRICES!
Supply and demand. You can’t buck the market. So increasing supply is always a good way to hold down prices in the market, isn’t it? 

So why won’t the call to “build more houses”, even if heeded, result in more affordable homes? Because the housing market is not normal. It needs fixing, but Government has no real intention of bringing down house-prices. Maybe saying ‘building more homes will fix it’ is a dodge to avoid mentioning the real  solution. 

That seemed to be the idea behind the latest Government Paper on Fixing Our Broken Housing Market[1].     
MONOPOLY WAS INVENTED TO SHOW THE BENEFITS OF LAND VALUE TAX
Next time you play add in a 1% Land Tax to be shared equally!

Find out more on this link

https://aeon.co/ideas/monopoly-was-invented-to-demonstrate-the-evils-of-capitalism