BR-monster Thoughts and musings of a computer literate beer drinker…

7Aug/07Off

Insurance Rises Following Flooding

Looks like we'll all have to pay 15% more for our household insurance following the recent creation of three new lake districts...

"Worst floods ever..." the environment agency said - but apparently they meant "for 60 years" because all this has happened before, they chose to ignore that fact and plead ignorance...

Ever wondered why the bit by the side of a river is called a 'flood plain'? - wonder no more - unless adequate defences are in place (and that doesn't mean none), housing should not be built there  and if it is those householders should pay the insurance penalty for it, not the rest of us!

The government have reiterated that they want more houses built despite there being adequate plans for new homes and 50% availability in the rental market, they say there is a demand for homes to buy - yes, because there are too many for rent! If more houses are built (avoiding being snapped up by speculators for rental) that do get bought then the rental market should collapse because they have no takers and there will then be too many houses available and we will have a glut resulting in a price crash (mainly affecting those people that overpaid for their homes)...

If there were adequate council houses (yes, that's what's disappeared), then the rental market would be a realistic size and there would be enough homes at normal prices - we have again been shafted by our freemarket fatcat economy and the urge to make big profits from property (as the speculators supply rental housing to the councils instead of the councils producing their own...)

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