£10,000 tax on each new home (From Hampshire Chronicle)

I bought a brand new house for £69,000 it now would be in the region of £170,000-£200,000 now I know I bought it 14years ago but are you telling me wages have gone up that much?
I've sold that property but a building company will stop a build wait & so as the price is right ( big profit) they continue the build.
Many builders could carry this cost with out increasing the price of the home( sale price).
I feel the likes of Linden & Orchard have been allowed to build there monstrosity's they call apartments all over the city now they should be putting something back.
Please I know it's not a great guide but after watching homes under the hammer & the profits these developers/builders make I can't believe a word Orchard are saying

The builders will offfset these charges by adding them to the cost of the property, therefore hitting the buyers pocket and not their own.

solomum wrote:
The builders will offfset these charges by adding them to the cost of the property, therefore hitting the buyers pocket and not their own.

Got it in one. Another tax on the people disguised as a tax on developers.

I thought Rambo wanted to make Southampton more attractive for people to invest and live - this certainly wont help in this goal.

Short sightedness yet again...

Presumably the Park & Ride and the new bus station will be of real benefit to those people who can't afford to live in Soton because of the increased property costs?

What a marvellous idea.

Royston Smith & Co really do come up with some gems.

Now 'Affordable housing' will become 'Unaffordable housing.'

just same plan as london,force everyday working people out of living in the city ,just like sinking ships to attract cruise passengers ,their intelligence must be questioned.

It just seems beyond belief that this poor Council come up with such looney ideas.
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Does this so called council really have any idea what goes on in the real world. I mean £10k extra tax for each new house thats built .
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It can only be passed on to the purchaser
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Or perhaps .......... its another election gimmick ...... the Park and Ride plus the Bus Station.

Whoever dreamt this up are completely out of their tree. Where do they think the money will come from in these dire times. Someone is not living in the real world.

Whoever dreamt this up are completely out of their tree. Where do they think the money will come from in these dire times. Someone is not living in the real world.

Another tax!!!! All this will do is kill the sale of new built properties, and increase the market for older homes.
Bearing in mind the Council has promised a Bus Station many times from various money scheme's, but the City is still without a proper bus station.
If they impose this tax and raise finnancies the Council will then complain there is no suitable land to build a bus station or like and shelve the money into one of their daft schemes for the ARTS.
All the new homes will lie empty, making the City a total eyesore. Loosing Council tax monies without being occupied

Lone Ranger. wrote:
It just seems beyond belief that this poor Council come up with such looney ideas.
.
Does this so called council really have any idea what goes on in the real world. I mean £10k extra tax for each new house thats built .
.
It can only be passed on to the purchaser
.
Or perhaps .......... its another election gimmick ...... the Park and Ride plus the Bus Station.

Why will it have to be passed on to the purchaser?
All you posts on here can only reply with negative reactions to this council.
A builder/developer applies for planning permission to build 4 house the council will want to know the sell on cost with the £10,000 included.
If to dear & they have put the £10,000 on to the top of the sell price then planning is denied.
Get it right Lone Ranger & the rest of you these companies/developers are making £60-100,000 profit on each new build if they're not then they're not the norm.
Watch any program about new builds & you will see people knocking down decent bungalows/houses to put up Flats or to cram as many boxes on to it to make the maximum profit with the least cost.
I just wonder how many of you would be on here slating the idea if it was Labour?
Take a look at the costs of the apartments in town ( new build) maybe two flats would cover the cost of the land two more the build cost & the rest profit.
Before you rip into me at one point I owned 4 properties & was seriously thinking of going into developing so I'm not talking out of my backside.
If the likes of Lindens don't like it fine let them go somewhere else to build Linden Flat City & lets get a company in that would work with the council & city not just build ugly Linden flats

Bagamn wrote:
Whoever dreamt this up are completely out of their tree. Where do they think the money will come from in these dire times. Someone is not living in the real world.

Maybe from the huge profits that Linden & Orchard homes make on the sell of their blocks of flats?

sotonbusdriver wrote:
Another tax!!!! All this will do is kill the sale of new built properties, and increase the market for older homes.
Bearing in mind the Council has promised a Bus Station many times from various money scheme's, but the City is still without a proper bus station.
If they impose this tax and raise finnancies the Council will then complain there is no suitable land to build a bus station or like and shelve the money into one of their daft schemes for the ARTS.
All the new homes will lie empty, making the City a total eyesore. Loosing Council tax monies without being occupied

This council has been branded far right> Anti working man now they're going after the flat developer to invest money into this city we hear people saying it will drive people out of the city?
Have you not thought? A gorgeous family home gets bought by a developer/builder they don't care about building or providing decent family oriented homes they see Flats & big profits now if what your saying is true they won't buy or won't demolish but do it up sell it for a quick profit.
meaning more family homes (houses not flats) how on earth will this be a bad thing?

solomum wrote:
The builders will offfset these charges by adding them to the cost of the property, therefore hitting the buyers pocket and not their own.

Your statement is a non sequitur. Yes it will add to the cost but the cost is not the same as the price. The price is governed by what the market will bear. If you had bought a house 20 years ago and wanted to sell would you ask what it cost you?

loosehead wrote:

Lone Ranger. wrote: It just seems beyond belief that this poor Council come up with such looney ideas. . Does this so called council really have any idea what goes on in the real world. I mean £10k extra tax for each new house thats built . . It can only be passed on to the purchaser . Or perhaps .......... its another election gimmick ...... the Park and Ride plus the Bus Station.

Why will it have to be passed on to the purchaser? All you posts on here can only reply with negative reactions to this council. A builder/developer applies for planning permission to build 4 house the council will want to know the sell on cost with the £10,000 included. If to dear & they have put the £10,000 on to the top of the sell price then planning is denied. Get it right Lone Ranger & the rest of you these companies/developers are making £60-100,000 profit on each new build if they're not then they're not the norm. Watch any program about new builds & you will see people knocking down decent bungalows/houses to put up Flats or to cram as many boxes on to it to make the maximum profit with the least cost. I just wonder how many of you would be on here slating the idea if it was Labour? Take a look at the costs of the apartments in town ( new build) maybe two flats would cover the cost of the land two more the build cost & the rest profit. Before you rip into me at one point I owned 4 properties & was seriously thinking of going into developing so I'm not talking out of my backside. If the likes of Lindens don't like it fine let them go somewhere else to build Linden Flat City & lets get a company in that would work with the council & city not just build ugly Linden flats

If you make a product, and your manufacturing costs increase, to keep your margins and show a profit, you will try to increase the selling price to coer any increase. This increase will be lost in the building costs.
Yes, market forces will dictate the eventual selling price, but I feel confident that at the end of the day, the extra costs will be borne by the purchaser.

loosehead wrote:

Lone Ranger. wrote:
It just seems beyond belief that this poor Council come up with such looney ideas.
.
Does this so called council really have any idea what goes on in the real world. I mean £10k extra tax for each new house thats built .
.
It can only be passed on to the purchaser
.
Or perhaps .......... its another election gimmick ...... the Park and Ride plus the Bus Station.

Why will it have to be passed on to the purchaser?
All you posts on here can only reply with negative reactions to this council.
A builder/developer applies for planning permission to build 4 house the council will want to know the sell on cost with the £10,000 included.
If to dear & they have put the £10,000 on to the top of the sell price then planning is denied.
Get it right Lone Ranger & the rest of you these companies/developers are making £60-100,000 profit on each new build if they're not then they're not the norm.
Watch any program about new builds & you will see people knocking down decent bungalows/houses to put up Flats or to cram as many boxes on to it to make the maximum profit with the least cost.
I just wonder how many of you would be on here slating the idea if it was Labour?
Take a look at the costs of the apartments in town ( new build) maybe two flats would cover the cost of the land two more the build cost & the rest profit.
Before you rip into me at one point I owned 4 properties & was seriously thinking of going into developing so I'm not talking out of my backside.
If the likes of Lindens don't like it fine let them go somewhere else to build Linden Flat City & lets get a company in that would work with the council & city not just build ugly Linden flats

Oh dear and i thought that you were never going to "talk" to me again ....
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Firstly there are very few houses that will be built in Southampton that will be in the higher price range where, perhaps, £10k can be absorbed. The majority will be "affordable" where the tax cannot be absorbed into the price. I may concede that perhaps half of it can be but thats it. The rest will be passed on.
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When you talk about new build you say they make £60k-£100k on each new build ....... well is that NET or GROSS. as i think that your figures are incorrect from what i know.
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You owning four properties and watching "Homes under the Hammer" really is a far cry from the likes of Linden, Persimmon, Wimpey etc. Although i would not accuse you of talking out of your backside as you put it ....... i would be concerned at the source of your information.
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You will also notice that Linden's are firstly not the only developers that build in Southampton and they are mentioned in the article. .... Perhaps you have a hang up with them

The Budget for SCC Council Houses is HUGE!
How about having a forensic examination of council houses/flats
>
Firstly establish if it is indeed the occupant/s who are the official council allocated tenant.
Secondly, check total household income. If the total amount is over £60,000 give them the option of moving out or accepting a tax of 40% on any income over £60,000. (That should be an incentive for them to move!)

Aren't the cuts meant to be paying for all these things anyway?
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Oh wait, it costs more to hire Capita to provide services.

Lone Ranger. wrote:

loosehead wrote:

Lone Ranger. wrote:
It just seems beyond belief that this poor Council come up with such looney ideas.
.
Does this so called council really have any idea what goes on in the real world. I mean £10k extra tax for each new house thats built .
.
It can only be passed on to the purchaser
.
Or perhaps .......... its another election gimmick ...... the Park and Ride plus the Bus Station.

Why will it have to be passed on to the purchaser?
All you posts on here can only reply with negative reactions to this council.
A builder/developer applies for planning permission to build 4 house the council will want to know the sell on cost with the £10,000 included.
If to dear & they have put the £10,000 on to the top of the sell price then planning is denied.
Get it right Lone Ranger & the rest of you these companies/developers are making £60-100,000 profit on each new build if they're not then they're not the norm.
Watch any program about new builds & you will see people knocking down decent bungalows/houses to put up Flats or to cram as many boxes on to it to make the maximum profit with the least cost.
I just wonder how many of you would be on here slating the idea if it was Labour?
Take a look at the costs of the apartments in town ( new build) maybe two flats would cover the cost of the land two more the build cost & the rest profit.
Before you rip into me at one point I owned 4 properties & was seriously thinking of going into developing so I'm not talking out of my backside.
If the likes of Lindens don't like it fine let them go somewhere else to build Linden Flat City & lets get a company in that would work with the council & city not just build ugly Linden flats

Oh dear and i thought that you were never going to "talk" to me again ....
.
Firstly there are very few houses that will be built in Southampton that will be in the higher price range where, perhaps, £10k can be absorbed. The majority will be "affordable" where the tax cannot be absorbed into the price. I may concede that perhaps half of it can be but thats it. The rest will be passed on.
.
When you talk about new build you say they make £60k-£100k on each new build ....... well is that NET or GROSS. as i think that your figures are incorrect from what i know.
.
You owning four properties and watching "Homes under the Hammer" really is a far cry from the likes of Linden, Persimmon, Wimpey etc. Although i would not accuse you of talking out of your backside as you put it ....... i would be concerned at the source of your information.
.
You will also notice that Linden's are firstly not the only developers that build in Southampton and they are mentioned in the article. .... Perhaps you have a hang up with them

Yes your right I don't like Linden homes & I signed a petition trying to stop the council from allowing them from building over King Canutes Palace & the Wine Vaults.
I feel they have been allowed to get away with murder by past & present councils so yes I don't like them in that your correct.
I have been on to a councillor asking why they're doing this & it was pointed out to me that other councils are doing this to bring in finance to help building projects with out getting grants or using council tax payers money.
Have a look at the empty flats in this city yet when built their still asking more for a flat than you could get for a home.
People aren't stupid if a block of flats are built & for example they want £175,000 & you can get one with the same spec but it's been used for £130,000 if you had any sense you'd go for the cheaper one so I can't see the cost of new builds going up to much.
I saw a program where a guy bought at auction a semi detached house in Freemantle with a bit of work he could make £20,000 but no after appealing & then getting planning permission he built a one bedroom house on a bit of land not big enough to build a garage on. He sold the original house which became a terrace & paid for the extension then sold the one bedroom for £120,000 before tax so you do the maths.
I want to see this city improved & tourists/visitors flocking here bringing extra jobs if this is a way to do it I can't knock it if it's proven to be a dead dog I will slate it but I'm willing to see how it goes

This is ridiculous. Southampton has a huge number of empty flats in new city centre high-rise towers, but a real shortage of two storey houses with gardens that you'd want to raise a child in.

And from what's been reported, this new scheme incentivises developers to build yet more high rise and penalises new family homes.