If you purchased a house in the 60s / 70s, you probably did so for some where to live. It since has become an investment, and has a tendency to double its value every ten years. When they are in lower numbers one can see a reasonable calculation, but when one finds houses at £200,000 in 2020, in 2030 that becomes £400,000, by 2060, it would be £3.2 million We will have triple millionaires with no money.

Those who can sell can move around in the system but for those wanting to purchase a market house in 2020, they will not be able to repay their loans. Many will have to rent, rents never end, by time these people get to retiring age they wont have saved any money and their pension won't pay the rents so the state will end up paying out millions on housing benefit that is now £24 billion a year. We will be running into the buffers if wages were to double every 10 years as houses have done since the 70s,they would have to be by 2060, £320,000 PA therefore we need to review the housing for the future generations

Planning Ahead

Finance, Housing & Retirement For example, buying a house for £120,000 and paying off @ £600 a month over 20 years, then for another 20 years £600 a month into a pension plan, one would have at age 65, £142,000 in the bank and a house paid for. That could mean, in the event, one needed to go into care, one could then sell the house, having the capital in hand plus the £142,000 also the state pension. Any unspent capital could be transferred to another family pension pot without being taxed ,in order to swell other family members Care plan. If the capital is drawn, the receiver for use other than a pension plan, would have to pay capital gains tax.

Newspaper Headlines

“Wealth divide could lead to rioting…” the widening gap between rich and poor.
“Plan houses for residents, not developers………” shared community living on land owned by the people.
“Cheap homes crisis…” only a third of essential low-cost homes are built.
“One million in rural poverty….” rural incomes being driven down, but second homes forcing up the price of homes.
"Nation of young mortgage slaves………” struggling first-time buyers are like `bonded labourers` working long hours to meet mortgage.
“Four million think they will never afford a house……” house hunters face an ever tougher battle to afford a first home.
“Baby gloom generation….” services for pensioners face unprecedented pressure as `baby boom` generation reaches retirement age.
“Experts` fears over care home funding…” The Health Secretary is challenged over a confusing system, with high costs.
"Housing crisis alert” people are living longer & divorce rate is increasing.

New Homes

We already have:-

Owner occupiers (with or without a mortgage).
Shared ownership (one can buy up to 80% of the property, which can be sold on open market, but is unlikely to be affordable for next generation).
Housing association homes (if you pay a rent, it never ends).

We could have Community Land Trusts:-

All developmental land would be passed over to a community trust and a rental would be paid to land owners.
The land would be valued the same as income from agricultural land, and this would be about £500 an acre.
If this were doubled to £1,000 an acre, it would not be unreasonable. Or with possibility of paying 25 or 50 years lease up front.
The Trust would oversee development and developers would be instructed to build houses for approx. £ 80,000.
The properties could be sold at cost (plus ground rent) to the people with a priority need in the district.
The only restriction would be that one must sell back to the Trust.

Land & Leisure

Many people would like to have a small holding and have a few animals and grow organic produce, but the cost of purchasing a property for this is beyond most people’s affordability.

Land and Leisure are offering a unique opportunity to be part of a community not-for-profit farm from £2,000 investment.

To enable this to happen we are seeking a property of 200 - 300 acres in East Sussex.

If you would like to be part of this, you can become a member of the community farm for the above mentioned investment. This would allow you and your immediate family to visit the farm and take part in growing the fruit and vegetables, also looking after the livestock.

There is a need to have a paid, on-site labour force, to work the land on a day-to-day basis, but if you are at the site, you will be more than welcome to help with any work that may need doing at that time.

As a member, you can camp on site (either bring your own tent, caravan or motor home or use one of our yurts) to enjoy the countryside, being close to wildlife and natural habitats.

There will be activities for groups to take part in, along with workshops and debates on a number of issues.

Events are mainly May to September.

Members will become the customers for the produce, which can be collected from the farm or delivered via a fruit and veg box scheme and any surpluses will be sold in the locality. In the event of a financial surplus members could benefit from a share of this, less any reinvestment that is required at the appropriate time.

This is a fantastic opportunity to get involved in a true community project with the added benefits of knowing exactly where and how the produce you then purchase has been grown or reared, alongside the use of facilities on-site for members at special rates.

For further information, please see:

www.landandleisurecoop.co.uk

or send a C5 (162 x 229mm) stamped addressed envelope to:

Land and Leisure Cooperative

6 Fairfield, Herstmonceux, East Sussex BN27 4NE

Newspaper Headlines

New Homes We already have:-

We could have Community Land Trusts:-

New Homes

We already have:-