Housing Crisis and its effect

pepsi · Housing Crisis and its effect

As you may have heard, the Development Committee Meeting to approve the building of 5 Giant Wind Turbines close to homes in Clacton, Jaywick and St Osyth will take place at the Town Hall on 19th June @ 19:00.

The Planning Officers have already voiced their approval for this plan.

The original intention had been for the 5 Windturbines to also be surrounded by 400 houses, is it now even more likely that approval for the Wind Turbines will go ahead in view of the down turn in the house building sector ?

ivan burit

Thanks for the update pepsi, i have been following this story for sometime..

Whats the point of the placing of these turbines if we are getting hundreds just up the road offshore.

IF no 400 new homes are not being built, surely there is no argument in the need for them, BUT, a word of caution is needed here.
The new buzz word is "eco towns" ie, new towns and villages being self supporting.
It just happens a "new" sewerige pipe is being laid to upgrade the local services from the clacton airfield site through fields next to Bishops Park then onto the treatment plant further behind Sackets Grove Park then i assume out to sea..

If i was a foreward planning engineer, id make sure the groundwork was in place well before the new houses....!!!!!!

pepsi

Fully agree there Ivan, you need infrastructure in place before you start building large estates, however I do not think our planners are really recognised for their forethought.

I believe that TDC was in discussions with Bloor Homes for the 400 houses but I was wondering, given the current climate with other major developers, if they would still be prepared to go ahead at this time, especially as they have only been able to sell 2/3 of the properties on theire site at the Oaks.

If Bloor homes do decide to abstain for the time being, will TDC push through the on shore Wind Farm in order to get their cut out of N-Power if nothing else is in the offing at present.

Mind you, then they could always trumpet it as a further grant for InTend Very Happy

ivan burit

"Mind you, then they could always trumpet it as a further grant for InTend"

Oh dear pepsi what ever are you implying........lol....

Go and listen to the only recorded (so far) full council meeting of TDC.
click the link for:-
A2 budget **** part 1
its long winded but sets out implications as to the next move by TDC.
PERHAPS....!!!!

Its well posted elsewhere my views of grant grabbing by various depatments in authourity by our local "authourity"

Its modus operandii seems to be take money, get bigger, take money, get bigger, take money, get bigger and so on....just like an uncontrolled ship that will hit the the hidden iceburg when no one is looking.

amenity

Can't really add anything of significance except if I heard right, Radio 4 news said the building industry has not been in such a bad position as this since 1930.

What bank manager in his right mind would lend on an asset that is projected by the experts to fall in value?

TDC might, as Ivan indicated, be blowing up a bubble all of their own.

ivan burit

amenity, only too true my friend.
I have done a small post on one of Jaywicks sites about a building company that built on old Butlins site.
The then name was Galliford sears, but now Galliford Try ltd.
They specialise in brownfield builds.

http://www.guardian.co.uk/business/gallifordtrybusiness

until reciently they, like most others, done very well, but have now found a brick wall to run into..

Building group Galliford Try said today it is in exclusive discussions to acquire its smaller rival Linden Homes.

The stock market announcement came after press speculation that Galliford was in talks in february, to buy Linden for around £200m, which would make it the group's biggest acquisition to date.

Linden is 64.8% owned by the management and the rest by banking group HBOS.

It put itself up for sale last year and reports suggested then that rival housebuilders Persimmon and Miller and private equity firms Permira and Barclays Capital could be interested.

Linden posted turnover of £280m in 2005 and has a land bank of 4,662 plots.

Galliford is working on the site for the 2012 Olympic Games in London

The strange thing is, in June 2003, they were at the same position they are now..

persimmonplc are also in deep dire doo doo.
http://www.guardian.co.uk/business/2008/apr/25/persimmon

In the aerospace maunfactoring industry, that too goes in 5 year cycles or so...
Its all connected with spending power it seems...
The new buzz word of eco town may be certain companies saving, or total loss..

amenity

Quote;
"Ivan said;
"The new buzz word of eco town may be certain companies saving, or total loss.."

Looks just like a word to me Ivan, one with bull on the front."

ivan burit

From AOL Today..
Four-year recovery for house prices
Last Updated: Monday, 16 June 2008, 06:25 GMT
- Search: House price recovery

House prices will take more than four years to rise above their 2007 peak, a wide-ranging survey of experts has warned.

The gloomy message was delivered by more than 60% of 225 Society of Business Economists (SBE) members surveyed for ITV1's Tonight programme.

House prices could fall by up to 20% from the top of the market, according to 56% of respondents - although 20% took an even more pessimistic view, forecasting property values could slump by as much as 30%.

More than half the experts from banks, building societies and industry said house prices would fall by between 6% and 10% this year. The market will hit rock-bottom in 2009, according to 44% of those surveyed.

The SBE's chairman, Bronwyn Curtis, also warned recent buyers could have to wait "a long time" to get their money back.

She told the programme: "It doesn't look like we're going to see a fall, which is what we're in the middle of, and a quick bounce back. It does look as though it's going to go on, and we'll have slow growth for some time.

"On top of that, house prices were overvalued, according to most economists, and so you have the situation where they remain undervalued for a long time."

The survey is the latest addition to a steady stream of miserable news on the housing market, which saw share prices in the UK's major housebuilders hammered last week.

Recent figures from the Nationwide and Halifax building societies showed hefty price falls during May, while the number of homes changing hands also slumped to a 30 year low as the credit crunch continued to put pressure on the property market.

Estate agents sold an average of just 17 properties each during the three months to the end of May, according to the Royal Institution of Chartered Surveyors - the lowest figure since it first began collecting data in 1978.

pepsi

Well the Wind Turbine application was rejected unanimously, however I consider this round one of the battle as I am sure that NPower will appeal and we will see this application either raised again or sneaked in again.

Interesting bit of info I picked up was that apparently NPower were invited to Clacton by a certain member of TDC.

ivan burit

http://www.clactonandfrintongazet...syth_wind_farm_bid_blown_away.php

the link says it all, windfarm blown away..

amenity

amenity

ivan burit

amenity, i`m just wondering, if only grade 3 is used, would that be for the housing associations duty to build the required quotas for each area.
TDC like many other local authourities have to meet targets in not for sale housing,
i`m not sure at the moment how tdc are performing as we speak.

pepsi

TDC's record on not for sale housing is terrible and the recent audit commission mentioned this as an area for improvement.

I believe that the Government criteria is that if any development exceeds 25 houses then 25 % of that development should be affordable housing

You just need to look at the Windsor School development, no mention of a requirement for affordable housing. I have evidence in written form of another case where the developer actually queried the planning office on the need for affordable housing, bearing in mind the size of his development exceeded the government limit and the planning officer advised that no affordable homes would be necessary.

Now I know I am a bit of a cynic but I did wonder if this whole thing was a bit of a ploy.

TDC knew that the 400 hoiuses would not be popular, so you throw in a distraction, like some very large Wind Turbines, then when you kick that out, everyone is so thankful that they are happy to accept the housing instead.

Just a thought, bearing in mind the games that this council plays.

ivan burit

"TDC knew that the 400 hoiuses would not be popular, so you throw in a distraction, like some very large Wind Turbines, then when you kick that out, everyone is so thankful that they are happy to accept the housing instead"

pepsi, our gem of jaywick has had that threat thrown at us too.
1,000 new homes on the boggy marsh bit between ours and Tudors.
Secretly that threat is going away due to the new flood protection requirements, but, proposed is a new reinforced water abutment wall being built next to the Park Resorts holiday camp, by the Martello Tower then running all the way round to high ground somewhere near to the Tudor Estate / Bishops Park, to serve not only as a new sea defence wall, but an escape route out of old jaywick

Now we have that new loo pipe just further up the road, anything seems posable.
Bishops Park has new housing to one side, and a convienient "empty" field on the other (next to the new loo pipe)....

Looking long term, IF, just IF, you wanted to re house owners and tennants from a nearby "deprived" estate, you would need hundreds of new replacement homes offered nearby also, both not for sale and owner occupied.....uummmmmm

ken

Am I getting this right they are building a wall that will defend the Tudors from the sea but in all tense and purpose cut us off which surly would make us more prone to flooding

ken

Am I getting this right they are building a wall that will defend the Tudors from the sea but in all tense and purpose cut us off which surly would make us more prone to flooding.

ken · am i

Am I getting this right they are building a wall that will defend the Tudors from the sea but in all tense and purpose cut us off which surly would make us more prone to flooding

ken

Sorry about the multiple posts it kept saying general error debug mode so i reposted it and when i looked there was more than one

ivan burit

No Ken, the wall or abutment is already there, but will be much bigger and wider and will double as a road.

If you drive / walk to the Jaywick Martello tower adjacent to Park Resort Camp, you can see this wall on the left side between the Tower and Hutleys.
this wall or mound, runs at right angles to our sea wall, and carries on to higher ground in St. Osyth.

When completed, will be an emergancy escape route both into for emergancy vehicles, and an exit for Brooklands / grasslands residents.

Without going into detailed discussions, most of Grasslands/ Village areas are well below sea levels at high tides, but the front parts of Brooklands are thankfully high enough...

ken

That has been there ever since I can remember I used to get donkey rides along it when I was a little boy nothing new there then, we will put that one in the cut and paste file then.

ivan burit

ken

Ok Ivan will do LOL!

Housing Crisis and its effect

am i