| ▲ | ErroneousBosh 2 days ago | |||||||||||||||||||||||||
No, it's not regulated at all. That's the problem. Any developer can buy up a patch of land, throw up some houses in a month so close together that if you run out of toilet paper you can just reach out your window and use some of your neighbours, and with a design life just the same as the mortgage. Oh the access road totally buggers up traffic along the existing road? Oh well too bad, full speed ahead and damn the externalities! This leads to the situation that's arisen in a housing development (described as a village, where it's really about 300 houses crammed into a small field), where the houses have in fact not made it to their design life of 25 years and have had to be demolished at about 15 years old. So, you've got people paying a £400,000 mortgage on a patch of rubble and mud, who are currently taking up space in council housing with the taxpayer footing the bill. But hey! At least it provided a lot of shareholder value! Full speed ahead and damn the externalities! | ||||||||||||||||||||||||||
| ▲ | CalRobert a day ago | parent [-] | |||||||||||||||||||||||||
The developer needs planning, what do you mean not regulated? This needs to be weighed against the externalities of homelessness. And if traffic is a problem, remove the cars and add bike infra (bloom Merwede is an example of this, albeit in a very expensive city). Where are houses from 2011 being torn down? Short of mica that seems ridiculous. | ||||||||||||||||||||||||||
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