Realist, not conformist analysis of the latest financial, business and political news

Solving Alex Oxlade-Chamberlain’s Housing Woes – Abolish The Green Belt

It would appear that vastly rich young men like Alex Oxlade-Chamberlain are having problems in finding suitable housing. They’re in and around Manchester, Liverpool, there are at least four Premiership football clubs up there, there’re a lot of people on tens of thousands of pounds a week. And yet they’re not likely to stay up around there for more than a few years, thus buying doesn’t interest all that much.

They also want to rent, umm, well, not perhaps houses always in the very best taste. No, that’s a bit harsh, but footballers’ WAGs are a cliche because there’s, like all stereotypes, a certain truth there.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]Premier League footballers running out of luxury mansions to buy[/perfectpullquote]

The tribulations of the rich, eh?

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] With a six-figure weekly pay cheque, it is safe to assume that a Premier League footballer’s hunt for a dream home in one of the UK’s wealthiest counties is a straightforward affair. But Liverpool midfielder Alex Oxlade-Chamberlain has suggested that top players are running out of mansions in Cheshire – with many left “scrambling for a house” due to the high demand for luxury rental properties. [/perfectpullquote] [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] The county is home to an area nicknamed the “Golden Triangle”, which has five of the 10 most expensive roads in the North West and where property prices average more than £1.5 million. Estate agents say the desire for swimming pools, large gardens and modern houses is a key reason why the county is struggling to keep up with footballers hunting for a new home. Oxlade-Chamberlain, whose girlfriend is Perrie Edwards of pop group Little Mix, joined Liverpool from Arsenal for £35 million in August 2017. The England international told The Telegraph he was forced to live in a hotel for two months while he struggled to find a Cheshire home. The 25-year-old would often see Everton footballer Gylfi Sigurdsson at breakfast. [/perfectpullquote]

That pool of some hundred or so very well paid young men are chasing a smaller pool of suitable properties. Ho hum, shame.

Yet there’s a solution here:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]The average price for a detached house in Alderley Edge is nearly £1  million, but there is a very limited number of properties due to greenbelt planning restrictions.[/perfectpullquote]

Abolish the Green Belt and there will be room to build Homes for Heroes. Thus we must, obviously, abolish the Green Belt.

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