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The LVTC blog, by Henry Law

The comments in the LVTC Blog are a personal view of our Hon. Secretary Henry Law and do not necessarily reflect the official policy of the Campaign.

This is a place for personal observations and comments on politics, economics, current affairs, on-going discussions on the potential for LVT to remedy some of the current ills, and the impact on Society of any of the above. 

Please read and enjoy, and feel free to respond to Henry if you have any thing you would like to add.


Fannie Mae and Freddie Mac nationalised

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It is curious how people with an absolute faith in the free market have suddenly turned into socialists now that things have turned nasty. But the market points to a reality - that US housing values (in reality, the price of the land that houses stand on), was just a bubble value. Either the price must adjust to reality or the currency must be debased to the point that inflation has the same effect. Nationalisation is just delaying the inevitable for a while.

What is reality when house prices are concerned?
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Should Labour ditch Brown?

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Following Labour's defeat at the Glasgow East by-election, there is naturally talk about whether to replace him. The problem for the party is that nothing any government can do will prevent the coming recession, and Labour is bound to get the blame. Now it is not exactly true to say that they caused the present economic problems. What they are to blame for is never having put in place the necessary measures to minimise the effects of the land-based economic cycle, of which land value taxation would have been a key measure soon after they were elected in 1997. But then, why should they have done?
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Labour loses one of safest seats in by-election

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Labour's loss of Glasgow East to the SNP should surely be seen as marking the end of the New Labour project? It is probably too late for the party to save itself before the next election. Even if Brown was replaced, the party has become too homogeneous to give room for another way of thinking to emerge. It will need to be out of office for at least a decade for that to happen. What happens next?
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House price trends 2008

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HouseHenry, what's your take on house price movements through to the end of this year ?

 

Whither house prices?

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Tidy Street, North Laine, Brighton

I received a questionaire yesterday from a Brighton estate agent asking what I expected would happen to house prices in the next year.

I do not have a crystal ball but
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