tag:blogger.com,1999:blog-9172766774137902766.post7341971089656082082..comments2023-12-23T09:28:20.869+00:00Comments on The View from Cullingworth: Sometimes I just want to cry....Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9172766774137902766.post-9913883992927281032011-08-31T11:29:13.762+01:002011-08-31T11:29:13.762+01:00"Private landbanking"? That's sound..."Private landbanking"? That's sounds like a term of Maoist frenzyism if ever I heard one.John Loonynoreply@blogger.comtag:blogger.com,1999:blog-9172766774137902766.post-62648927072385071292011-08-31T08:05:22.330+01:002011-08-31T08:05:22.330+01:00In a world where too often the evil capitalists ar...In a world where too often the evil capitalists are accused of spoiling things through their demand for short term gains, the land-banking phenomena is an example of longer term profit chasing and investment. <br /><br />Property and land are bought at the bottom of the market for development as the market is on the rise. This may take decades. And may involve convincing a complex web of stakeholders that 'the time is right'.<br /><br />There has also been a long history of land being bought to limit the success with which others can develop their own sites.<br /><br />Currently developers are being lauded for their magnanimity in allowing all sorts of 'meanwhile projects' to take place on sites that would otherwise be stagnant stains on what inward investment teams like to describe as our 'vibrant and thriving' city centres. Of course this is a game that politicians and developers only find worthwhile to play on premium, high profile sites.<br /><br />I am with Simon in thinking that land 'confiscation' is unthinkable. But I am also with Julian and his sentiment that ownership with no intent to put to use is not only stupid, but damaging to the economy and community. It is anti-social behaviour.<br /><br />If there was much more transparency and awareness of landbanking then perhaps we could bring more pressure to bear on owners and politicians to bring forward productive development. And none of us should be overly moved by the developers 'generosity' in bringing forward 'meanwhile projects'. That really is trying to feast on the crumbs.<br /><br />And, rather than confiscation perhaps compulsory purchase might be a way forward. This works well when we are 'developing' divided disorganised and poor communities. But I suspect that attempts to use it with powerful investors and developers may prove MUCH more expensive and may lead to a distinct dirth of future inward investments, as word of this use it or lose it approach got around. <br /><br />But that may not be such a bad thing, forcing us to look at strategies of economic gardening rather than hunting.Mike Chittyhttp://leedscd.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-9172766774137902766.post-59569371601463921762011-08-30T17:03:40.870+01:002011-08-30T17:03:40.870+01:00Is it possibly referring to the practice of buying...Is it possibly referring to the practice of buying land to prevent competitors building on it? One of those anti-competitive practices that's difficult to prove/prevent.Phil Rusehttps://www.blogger.com/profile/13040474351783645703noreply@blogger.comtag:blogger.com,1999:blog-9172766774137902766.post-81963946939311549452011-08-30T16:46:01.880+01:002011-08-30T16:46:01.880+01:00*Sigh* I'm with you on this Coun Cooke*Sigh* I'm with you on this Coun CookeBeleaguered Consumerhttps://www.blogger.com/profile/12111364612878984363noreply@blogger.com