"New houses are appearing all over the country. Springing up like bloody mushrooms in autumn. Apparently, we have a housing shortage, although being a keen buyer of houses for my property portfolio, I haven't noticed a shortage of properties for sale, especially those at the cheaper end of the market.
All this building activity, all this over-running of previous greenfield sites, is nothing more than wealth creation. A new property is invariably more expensive than an equivalent existing property, so its also inflationary. The cheaper properties are snaffled up by landlords and housing associations, so it does nothing towards getting new owners onto the system. We're told that we need the houses because we have to attract workers to the area. Really?? In Hampshire alone, we have upwards of 50,000 new houses being built, but unfulfilled job opportunities are less than 2000. Something doesn't quite stack up there, does it?
So, what does all this building work do? It provides loads of building jobs, which provides loads of lovely tax via wages and stamp duty. It provides overloads on existing infrastructure, which in turn creates jobs and more tax, when improvements have to be made. This isn't real wealth creation. We're climbing towards the top of a pyramid, and pretty soon, we'll have no option other than to slide down the other side. Its short terminism gone mad. there is nothing sustainable whatsoever about it.
Right, so there we have the housing market fucked up big time for a few years, what next? Ah yes! HS2/3/4. Another white elephant, but it will keep the tax rolling in for a few years, irrespective of how many people's lives it blights, and the fact that it will be no good to man nor beast ..... literally.
Here's a novel idea. If they want job creation, why don't they deport all those illegals, and fill the ensuing jobs with people who have a right to be here?
Why don't they concentrate on affording university places to British youth, rather than those who can afford to pay extortionate fees, and who subsequently take their knowledge and skills back to their own country.
Here's a good one ..... why don't we kick out all the Eastern European millionaires/billionaires, who for a paltry annual charge of £30,000 get to enjoy a virtually tax free existence, whilst at the same time, pushing up the prices of just about everything, especially in London, and the Home Counties? What, I hear you say? Too many people of supposed power with their snouts in the trough??? ...... could be more than a smidgeon of truth in that, I guess ....