Apply CPOs to land so more homes can be built
IN the 1970s, many Victorian terraced houses were subject to compulsory purchase orders, often against the wishes of the residents and owners.
They received a few hundred pounds in compensation, prompting many protest groups to spring up in London, Oxford, Cambridge and other towns and cities.
Today, similar such houses, in design and construction, technically "unfit for human habitation" are on the "free market" in excess of £100,000.
Successive governments have failed to build enough houses, resulting in a chronic shortage of homes.
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Germany, under Konrad Adenhauer, planned and built an average of 500,000 housing units each year, since 1950. Clearly, the UK has fallen behind.
CPOs should painlessly be applied to land, especially in villages, where many wish to live.
A legal rule that building societies must pay savers at least 2.5% above the rate of inflation would check house price inflation.
Equity should be the standard for this mutual self-help organisation. Fairness to savers and borrowers is needed. Mortgage cost increases would check house price rises.
Gordon K Moore
St Clare's Close