tag:blogger.com,1999:blog-2277215496195926573.post5760514697986519110..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: British planning restrictions boost the cost of the average house by about £40,000.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2277215496195926573.post-14752704554163748302012-07-23T02:13:57.314-07:002012-07-23T02:13:57.314-07:00£45,000 seems about right, i.e. half the average l...£45,000 seems about right, i.e. half the average land value per home. <br /><br />If demand is fairly price inelastic (which it is, although nowhere near as inelastic as supply), then even the smallest reduction in quantity supplied leads to a large increase in price paid.<br /><br />As NW says, this is yet another job for LVT man!Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-76490916201208108062012-07-23T01:21:32.148-07:002012-07-23T01:21:32.148-07:00Yes, some sort of land tax seems to be an idea wit...Yes, some sort of land tax seems to be an idea with a lot going for it – not that I’m the expert on that. Mark Wadsworth is a keen advocate of the idea. See:<br /><br />http://markwadsworth.blogspot.co.uk/Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-46136372145885922662012-07-23T00:43:14.394-07:002012-07-23T00:43:14.394-07:00"Local authorities have been too stingy in gr..."Local authorities have been too stingy in granting planning permission."<br /><br />(ii) Large building companies have become much cleverer at hoarding land - given that it costs next to nothing to do that in the UK.<br /><br />Conclusion - impose very large levy on land with planning permission on it, recoverable only when the houses built on it are sold.NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com