Quote:
Originally Posted by parmnion
I would never intentionally try and belittle you dr..please!
I was going to say the only brown space was jeremys voice..i never.
But you cant just say people sit on land for rising value....just as many and probably the vast majority dont...you especially can't say it when you start by saying how many times a bit of land has been sold, then end up saying landowners sit on it....jeremy would be proud, you nearly got me with your flim flam.
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Back in my sinful days I worked for the property market. We dealt with a lot of brown belt land. We had one guy we used to call 'king of the gypsies' who would get land prospectors he knew to buy a piece of land that had been refused planning permission. He, for a price, would then bring in the gypsy camps and after six months, the local council would be desperately agreeing to planning consent providing the gypsies were dealt with. We knew him because the now tenable land was back on the market and so in our hands. Rarely did we see that land being built on but we often marketed that same piece of land more than once. Think about it; land has more intrinsic value than bricks and mortar. The value of the actual house is meaningless because its the land it sits on that moves up in price.
So I can only go by my own experience and my experience tells me that there is a big cartel of land prospectors and that's one of the reasons brown belt land with planning permission often doesn't get built on.
The only thing the government can do is give their councils enough money to buy land by compulsory purchase and sell it on with the provision that it has to be built on.