3 ms·
Agree govt controlled and owned housing is not a good idea in general, private home ownership is the way to go. Exceptions are people on benefits. > and by tax
by yardstick 5y ago
Agree govt controlled and owned housing is not a good idea in general, private home ownership is the way to go. Exceptions are people on benefits.
> and by taxes and loans make it more likely that a lot of people will own some land then small percentage of the people own a lot of land
This is what my original comment is all about. Except no 20yr limit, any investor who is banking on capital gains from house price increases will have no problem waiting 20 years to sell.
Edit: re height limits, they are important to preserve views and ambience of the local area (London has some rules for instance where St Paul’s cathedral must be visible from certain other major landmarks), avoid too dense housing if it will cause undue issues with infrastructure (insufficient sewage capacity in the area for example), transport on an already congested road etc, and preserve the general vibe of the area (to a degree, people accept gradual change a lot better than a Big Bang approach), also sunlight issues for neighbouring properties. Building a 30 story apartment block in a suburb of 2-3 story houses is just out of place. Building slightly up to 6 stories is not so bad.