Wednesday, 21 March 2018

Lex Luthor bought the houses on the other side of the road...

... but he couldn't get sign off for nuclear weapons from Health and Safety, so engineered a few high tides instead.

My latest blogpost: Lex Luthor bought the houses on the other side of the road...Tweet this! Posted by Mark Wadsworth at 13:23

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3 comments:

James Higham said...

What LVT would they pay?

22 March 2018 at 21:06
Mark Wadsworth said...

JH, the land on the cliff edge/with a sea view has the highest LVT, so you would buy cheaply initially because the benefit of the lovely view and the high LVT net off.

The land crumbles onto the beach, so the LVT is reduced to zero (but you paid off your small mortgage years ago), you walk away.

Then the LVT on the land on the other side of the road that now has a sea view goes up, until that crumbles into the sea, and so on.

You only pay for what you get/take.

22 March 2018 at 22:56
DBC Reed said...

Would have thought crumbly cliff edge property would be worth nothing and attract no LVT.The solution is obviously PLANING with strict building prohibitions so people can't convince buyers with tales of enormous cliff-shoring-up works in the offing ,as happened at the place in the photo according to the simple-minded new owner interviewed on local(?) telly.But we want to take bank control and restore a state of devil take-the-hindmost commercial anarchy.

24 March 2018 at 10:05

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