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We’ve heard recently how political parties are trying to grapple with the problem of inheritance tax affecting middle class families “affected” by property price rises rather than the “super rich” it was supposedly intended for.

Might I float a possible solution? Instead of a cash tax payable on inheritance of an asset, estates could split the property, passing a 99 year leasehold onto the beneficiaries of the estate and the freehold into a community land trust so that eventually the value and control of that land will pass back to that community.

This is after all how the “super rich” have mitigated their inheritance tax, through that august body the National Trust, for many years.

Most land price change has nothing to do with the current occupiers of that land, and everything to do with public policy and spending such as planning consent or the building of local infrastructure at public expense.

More crucially, land value is a “zero sum” game. Rising land values directly exclude whole swathes of a new “landless” class as a result. It is surely right that such inequity be redressed periodically. When better than at inheritance time? This method will at least not immediately harm the beneficiaries or force them to sell the family home.

Over a few generations such a mechanism could properly redistribute unearned wealth better than inheritance tax ever could.

The consultation on housing in the county was a sham, as the whole process of local, strategic and regional planning for housing has been right the way through.

Good alternative ideas have been unwelcome for two years now! The option to put thousands of homes on the edge of the city is based on seriously flawed interpretations of the City Council’s own research. The others are an unacceptable, usually undemocratic imposition on smaller towns.

What the city council’s Labour group is proposing is in fact an overall increase in Oxford’s population of a nearly a fifth. Because the only way they can see of providing affordable housing is to allow lots of private market development.

What we need is a mechanism for sustainable use and reuse of what we already have – making the market match the need. Most people in the city’s housing needs survey are already based in the city – we just have severe problems affording what they are in. The absolute shortage of housing is only around a quarter of what the city’s planners have extrapolated from their research as a result.

We can expect more villages to become havens for the wealthy and their public services like schools, local shops and buses to wither and die. And acres of soulless developer boxes spreading out into South Oxfordshire no doubt pretending to be “communities”.

This is something I've been meaning to write for months, but was particularly prompted to do so by a program on BBC last week about surviving the house price downturn. One guy had built himself a property portfolio worth about £8m (about £5m of which was debt) from a standing start renting a single room in a three bedroom house share five years ago.

He stated, correctly of course, that any numptie can make a killing while everything's rising, but it takes skill to do so in the uncertainty we are now in. His current ploy is to drop leaflets on people in areas where negative equity may be about to bite offering stretched home owners the chance to sell out quickly to him, at a deep discount, but continue renting the same home and with a guaranteed option to buy back again at a pre-agreed premium when things look better.

This sort of thing has long gone on, particularly in the "right to buy" market - albeit with some differences - unscrupulous bucket shop lenders go round offering to lend those who would not get a mortgage enough to buy their council home who then have trouble with their mortgage payments, they offer them a "rent-back" deal which is only just less than the mortgage payments so what they were paying £70 a week for as a council house in which they had no equity was now costing them double that still with no equity.

Anyway - many of you will know that I "run" a group called Oxfordshire Community Land Trusts , which is a mechanism for delivering more affordable housing for the "intermediate market" - those stuck above the income levels that would justify the deep subsidy of social rented housing but below a level that they can afford to get on the ownership ladder. Basically it works by the CLT owning the land and not crystalizing out the gain in land value on every transaction. People pay what they are judged to be able to afford rather than related to the home they need - I would pay nearly full market rates for a one bed flat whilst a family on half my income would get their three bed needs met on half my payments. But I would get twice as much equity as they do. Effectively we are all subsidizing each other through the Mutual Home Ownership Society that takes on the long term debt for the development and which all the residents join.

And earlier in the year we were asked whether this was still an attractive option in a falling market. Obviously it changes the landscape somewhat. Now perhaps more of a problem is that people who could afford to buy outright are unable to get mortgages through no fault of their own. Indeed this could be a boon to the CLT market, because we could find ourselves with more better off residents who would therefore be able to subsidize even lower income houses (it all works on averaging out the total payments you see).

But also by tweaking the model, from a development model to an acquisition model, I believe we could help out those over-stretched households currently prey to the man I mentioned above and with a long term benefit to the success of future CLT projects. In this scenario, the CLT would buy up houses and convert them into mutual ownership. The occupant instead of having to rent from the profiteering speculator landlord would get to keep whatever equity their current circumstances allow them to commit to with the CLT effectively holding the balance. As circumstances change, the household could buy back extra equity (without themselves actually having to borrow anything - Mutual Home Ownership looks more like rent from the occupants' perspective).

What we need to make this happen is access to funds - not necessarily large funds - just a revolving facility that allows us to step in quickly when a household is in distress and lenders start to take action against them - we get them the money to pay off all or most of their distressed borrowing and then the Mutual Home Ownership Society borrows against its commercial facility to take on the house itself with the household's new calculated affordable commitment.

Who has such funds? Well, local authorities have a duty nowadays to try to prevent homelessness, not just deal with it after the fact. Such a scheme has got to be a more efficient use of public money than say, Vince Cable's idea of getting councils to reward previous speculative build by buying direct from builders and converting them to social rented housing (I don't think it's a bad idea - just that mine is better!). Even existing lenders might find it more attractive to convert the loan to a MHOS than to repossess.  In the longer run the CLT ends up with more freehold land that would eventually, when the housing on it has reached its planned end of life be theirs to redevelop in the interests of the local community at that time and in the meantime the distressed owners get to keep their existing home, albeit with lower equity levels and lower debt levels.

Dare I even suggest that this might be a better way to spend $700bn than rewarding the bankers who helped cause the problem in the first place?  Julia Goldsworthy , get in touch if you want to know more!

I feel I've been tagged in a strange sort of a meme for my thoughts on Oxford's recent local election results by Antonia [From Oxford elections round-up]:

We await with bated breath the thoughts of Stephen Tall, no longer Lib Dem councillor for Headington, his colleague David Rundle, and the third-placed Lib Dem candidate for Headington Hill and prolific blogger, Jock Coats.

Well thanks, she just had to rub it in by mentioning that third place. I am embarrassed and humiliated to have come third. There are of course official post mortems to come yet on the campaign, but whatever their verdict, one simple fact is that I am a "bad candidate". Whatever fresh ideas I may have brought to the council (and I doubt my Labour victor will be doing much of that, sad to say), I cannot escape the fact that I hate knocking on strangers to talk politics with them. So for me, the literature and word of mouth amongst people who have met me outside that context is more crucial than for most. Such glad-handing ought to have happened long before the campaign proper started with voter ID canvassing in late March. And been followed up with a leaflet introducing me properly and extolling my virtues before the cross city campaign started with its more party led focus on whole city issues.

Then there was "that leaflet." On the last weekend of the campaign I had the dubious honour of having a Labour leaflet, apparently partly delivered by Mrs Dromey (I rather hope, Antonia, that you were unaware of that leaflet's existence when we exchanged pleasantries on the Friday evening), using quotes from this blog about drugs policy obviously intended to give the impression that if I won I would probably be found standing outside the primary school handing out various narcotics to the year sevens, or perhaps to their parents! Several opponents have commented that they thought it was one of the worst personal attack leaflets they had seen. I suppose I ought to feel flattered that Labour were sufficiently alarmed by my candidacy to feel the need to drag the contest into the gutter.

You can read it for yourself here. By my reckoning, it at least breaches copyright law (my moral right not to have my copyrighted work treated in a derogatory fashion or in a way designed to be prejudicial to the honour or reputation of the author or director), if not possibly electoral law. Enquiries are ongoing. I am not a sore loser, but I was upset by it. I know it cost me both votes and reputation, even amongst my deliverers.

Anyway, enough of the campaign itself. Will I ever try again? I don't know. For many years, since in fact I was last on the council in 2002, I have wondered whether the present system of local government is fit for purpose. As an ideological descendent of the individualist-anarchists and a mutualist, I find the state, in all its guises, terribly coercive. I believe sovereignty should lie with the individual and he or she should only cede power upwards to representatives over things that they cannot arrange for themselves or in small groups or local communities. Local government is so tied down by Whitehall and Westminster that the current arrangements simply cannot be responsive enough to local peoples' needs.

The main reason I wanted to be on the council was to continue to promote, from the inside as it were, my mutualist agenda of hiving local authority functions off onto social, community led partnerships. The more things compete for the crumbs of council budgets within the tight control of Whitehall oversight the less satisfactory the outcome. Leisure services for example cannot hope to compete in quality at least with private providers while it is within the constraints of council budgeting. Similarly, whilst more difficult, I think the solutions to our housing problems are community led, rather than council, landowner and planning led.

Every time I've lost so far I've come out of the contest wanting to do other things that will make a difference one day outside the council structure. Almost as if to prove we can cope without the psychopaths who are so good at saying the right thing at the right time to get themselves elected. This time it is to continue to promote the social enterprise "alternative" for producing social and public goods and to work on promoting local community e-democracy.

• It will be interesting to watch Labour finally explain where they think there is a "£5m cash crisis" at the city council - reading the latest annual accounts I cannot see it myself. But there's another argument for local government reform - despite us being the tax payer/employers their finances are even more opaque than any company's I've ever seen.

• It will be fun to see Maureen Christian defend the Northway Playing fields from something or other she seems to think threatens them (certainly the only "threat" i heard was my own idea to see if we could fit a cricket square on there by budging up the two football pitches and see if we could get a local cricket team going).

• I think it will be a retrograde step if Labour succeed in removing planning decisions from area committees. They were not perfect there, but I have always maintained that was as a result of the bad legal advice that both sides in any disputed application had the right only to speak for five minutes each - where they have open discussion at area committees they manage to get better decisions and more fruitful interplay between applicant and objectors and a better outcome for both.

• It will also be interesting to see whether the Tories, who, despite not winning a single seat managed to come in second in many wards, and at least the ones in which they tried to put up a full campaign, will be able to keep up that level of work, for example, next year, when their declining reputation in control of the county is up for defending.

• And it will be interesting to see whether this marks the high water point for the IWCA, who lost two of their councillors.

• But I also don't really expect the city council, under any party, to set Oxford on fire with bright new ideas that will markedly change the quality of life for its citizens.

Finally, if anyone has any ideas about what little thank you gifts I can get for two teenaged Muslim boys who managed throughout to deliver most of the half of the ward for which we did not have regular deliverers - not a happy situation to be in at the start of a campaign and one of the first things I hope to put right for next time - I'd be very grateful to hear them! Their father has resisted all my requests for his advice so far!