Although there is a lot to like with your idea, wouldn't putting people in the position to build a "decent 3-bedder" for £180K instantly put just about every mortgage-payer into massive negative-equity? And if it did wouldn't that stop the "second-hand" housing market dead in its tracks as nobody could afford to sell..?
Steady on Tim, I live in one of the green bits south of Bath just in Wiltshire. I'd rather like it to stay green and it probably will because Lord Bath owns a lot of the land round here.
Although there is a lot to like with your idea, wouldn't putting people in the position to build a "decent 3-bedder" for £180K instantly put just about every mortgage-payer into massive negative-equity? And if it did wouldn't that stop the "second-hand" housing market dead in its tracks as nobody could afford to sell..?
Isn't there some sort of tax (I'm sure someone like Adam Smith or Ricardo would've worked it out) that would partially solve this...
Steady on Tim, I live in one of the green bits south of Bath just in Wiltshire. I'd rather like it to stay green and it probably will because Lord Bath owns a lot of the land round here.