Cornwall's broken housing market

I love London, make no mistake, but it's the heart of the problem. Get shot of all the "investment" guff and let the prices drop accordingly. London's literally just a speculator's playground for the wealthy.
 
Don't local councils have the ability to charge more for second homes? Something like, "According to HMRC your registered address is 123 Acacia Avenue, Abingdon so we're going to charge you 5x rates for your property at 234 Trevises Terrace, Fowey."?
Nope, not yet.

e: And that extra charge was only applicable to 2nd homes left empty, so probably not too difficult to circumvent. Converting the 2nd home to a "business" would probably be enough to entirely avoid the taxation.

 
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For those that think that "just move" is not a valid argument, what's your suggestion then? Does moaning about it on the Internet help, or are you suggesting a revolution would be in order? Pragmatically speaking, what options are there, if you can't afford to buy where you want to? The real entitlement is thinking you are "owed" affordable housing where you want it. Well, tough, that's not how the world works (unfortunately - I do sympathise, to an extent), and unless you're planning on changing how the world works, then "just moving" seems like one of the very few realistic options. Or you can just rent all your life while whinging on the Internet, if that's what you prefer. :p
 
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It’s pretty empty in most of Scotland- maybe could build a few new cities up there?

People want affordable housing, sure I get it. But you don’t get to live somewhere just because you grew up there/had family there. Someone says my granny lived in a house in Kensington she paid a few grand for therefore I should too. Seems pretty entitled and illogical to me.
 
It also completely ignores the impact it would have on communities, people's mental health and separation from family/friends etc.

The Just Move Bro brigade never really think it through.

Sure it's not for everyone one but neither it is rocket science especially these days as it's so much easier. When I first moved abroad it was two days coach trip and I had no mobile. It was almost 3 days before I was able to ring my sister and then another day till I got in touch with my parents. For years I only spoke to them once a month if that and now with Skype and WhatsApp we communicate almost daily. I'm just at the airport after visiting my parents for 3 weeks, week holiday and 2 weeks "working from home"

On Friday I went for a drink with my best mate from childhood. Not seen him in 6 years and in last 20 years we met only handful of times yet we had as much fun as we did back when we were 18-20 and out every day.
 
I love London, make no mistake, but it's the heart of the problem. Get shot of all the "investment" guff and let the prices drop accordingly. London's literally just a speculator's playground for the wealthy.

It's literally the most productive area of the UK, without London the rest of the UK would be way poorer.

Imagine Cornwall trying to fund all their expenditure from local taxation without help from central government and money provided by London and the South East.

dUkj1tf.jpg
 
For those that think that "just move" is not a valid argument, what's your suggestion then? Does moaning about it on the Internet help, or are you suggesting a revolution would be in order? Pragmatically speaking, what options are there, if you can't afford to buy where you want to? The real entitlement is thinking you are "owed" affordable housing where you want it. Well, tough, that's not how the world works (unfortunately - I do sympathise, to an extent), and unless you're planning on changing how the world works, then "just moving" seems like one of the very few realistic options. Or you can just rent all your life while whinging on the Internet, if that's what you prefer. :p
I'm sure you're aware that rents are also at an all-time high in many places.

Would you be in favour of seeing people go homeless, instead?

We currently pay many £billions per year subsidising BTL landlords by paying them housing benefit.

Would you like to see housing benefit reduced or scrapped? Are you happy with the increasing bill for housing benefit? Are you, in fact, a BTL landlord? :p

Do you think housing should be in any way protected, or is a person's desire for a 2nd/3rd/5th/10th home equal in weight to the family that seeks a first and only home? If the former can afford to pay more, is that all that matters? Even if he leaves his 10 houses empty most of the year? That's capitalism, folks! We all worship capitalism, don't we? Praise be to the 1%!
 
I'm sure you're aware that rents are also at an all-time high in many places.

Would you be in favour of seeing people go homeless, instead?

We currently pay many £billions per year subsidising BTL landlords by paying them housing benefit.

Would you like to see housing benefit reduced or scrapped? Are you happy with the increasing bill for housing benefit? Are you, in fact, a BTL landlord? :p

Do you think housing should be in any way protected, or is a person's desire for a 2nd/3rd/5th/10th home equal in weight to the family that seeks a first and only home? If the former can afford to pay more, is that all that matters? Even if he leaves his 10 houses empty most of the year? That's capitalism, folks! We all worship capitalism, don't we? Praise be to the 1%!

So, erm, no actual useful suggestions then?

And no, not a BTL landlord. Just a normal guy more interested in taking responsibility for his own situation than whinging about it.
 
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It's literally the most productive area of the UK, without London the rest of the UK would be way poorer.

Imagine Cornwall trying to fund all their expenditure from local taxation without help from central government and money provided by London and the South East.

dUkj1tf.jpg
LOL. It's a fact that for many years central govt took more from Cornwall in taxation that it gave back. That only changed in the last few years.

It's also a fact that the EU gave Cornwall most of its funding before Brexit. And that funding was lost, forever, rather than matched by the UK govt.

Cornwall has never received much in the way of funding from Westminster. We are also one of the first regions to trial a scheme where Council funding was cut to (near) zero, and instead the Council was allowed to keep all of the Council tax it raised.

London is hardly the saviour of Cornwall (lol).
 
It's literally the most productive area of the UK, without London the rest of the UK would be way poorer.

Imagine Cornwall trying to fund all their expenditure from local taxation without help from central government and money provided by London and the South East.

dUkj1tf.jpg

I’m trying hard to connect the dots… nope not seeing it.

Are you talking from the point of view if London was to fall into a hole and vanish the UK would be worse off?
 
I'm sure you're aware that rents are also at an all-time high in many places.

Would you be in favour of seeing people go homeless, instead?

We currently pay many £billions per year subsidising BTL landlords by paying them housing benefit.

Would you like to see housing benefit reduced or scrapped? Are you happy with the increasing bill for housing benefit? Are you, in fact, a BTL landlord? :p

Do you think housing should be in any way protected, or is a person's desire for a 2nd/3rd/5th/10th home equal in weight to the family that seeks a first and only home? If the former can afford to pay more, is that all that matters? Even if he leaves his 10 houses empty most of the year? That's capitalism, folks! We all worship capitalism, don't we? Praise be to the 1%!

So the solution is what exactly?
What would you propose is done about where your local area is?
 
So, erm, no actual useful suggestions then?

And no, not a BTL landlord. Just a normal guy more interested in taking responsibility for his own situation than whinging about it.
What that normally equates to, I've found, is an attitude that everybody should be a lawyer or a doctor or an "entrepreneur". And that people doing lesser jobs should have nothing. Nothing at all.

And so often you find that the people with that kind of attitude had/have wealthy parents and a decent chunk of help to be the "self-made man" they are today :p
 
What that normally equates to, I've found, is an attitude that everybody should be a lawyer or a doctor or an "entrepreneur". And that people doing lesser jobs should have nothing. Nothing at all.

And so often you find that the people with that kind of attitude had/have wealthy parents and a decent chunk of help to be the "self-made man" they are today :p

You don't know me, and that's an ad hominem anyway.

You have yet to say anything actionable. Go on, at least try.
 
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So the solution is what exactly?
What would you propose is done about where your local area is?
Abolish right to buy.
Abolish restrictions on Councils building and owning housing stock.
Return to the post-war system of 1/3 of people being housed in (good quality) council housing. Council housing, btw, was initially built to combat slum housing in the private sector. It's only recently that it's become stigmatised as a place to hold ne'er-do-wells.
And we are quickly returning to slum-landlords running the lower end of the market, with a full one-third of private rented housing stock being declared "not fit for human habitation".

Soon thereafter, abolish housing benefit to private landlords.
Abolish overseas ownership of UK housing.
Abolish corporate ownership of residential property (offices/factories only).
Tax 2nd homes and empty properties harshly.
Prevent residential properties from qualifying as businesses (kill off the Air BnB market).

But all of this will be called communism and the markets instead must decide who lives and who dies.
 
Oh dear me. I'm done. Good luck changing the world. I'm off to bed, in the house I own. Good night.
I expected nothing less. You have nothing to add but condescension.

For those that think that "just move" is not a valid argument, what's your suggestion then? Does moaning about it on the Internet help, or are you suggesting a revolution would be in order? Pragmatically speaking, what options are there, if you can't afford to buy where you want to? The real entitlement is thinking you are "owed" affordable housing where you want it. Well, tough, that's not how the world works (unfortunately - I do sympathise, to an extent), and unless you're planning on changing how the world works, then "just moving" seems like one of the very few realistic options. Or you can just rent all your life while whinging on the Internet, if that's what you prefer. :p
So, erm, no actual useful suggestions then?

And no, not a BTL landlord. Just a normal guy more interested in taking responsibility for his own situation than whinging about it.
Next in your playbook is telling me I "misunderstood the context" of your posts, no doubt.

Don't let the door hit you on the way out, buddy.
 
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