<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[longandvariable]]></provider_name><provider_url><![CDATA[https://longandvariable.wordpress.com]]></provider_url><author_name><![CDATA[Tony Yates]]></author_name><author_url><![CDATA[https://longandvariable.wordpress.com/author/anthonyyates01/]]></author_url><title><![CDATA[There is a capitalist logic to requisitioning empty property near a&nbsp;disaster]]></title><type><![CDATA[link]]></type><html><![CDATA[<p>&#8216;Requisition houses?  Communism!&#8217;</p>
<p>That is the impulse of some to respond to Jeremy Corbyn&#8217;s offhand suggestion that empty properties of &#8216;the rich&#8217; be requisitioned for use rehousing those made homeless by disasters like the fire at Grenfell Tower.</p>
<p>But there is a perfectly sound logic to it consistent with the way governments treat all our property rights.</p>
<p>For starters, as Jonathan Portes notes in his book &#8216;Capitalism&#8217;, property rights are not absolute.  Planning regulations restrict what we can do with land.  Driving and parking regulations restrict what we can do with our cars.</p>
<p>These restrictions are in the name of a collective, greater good [less ugly towns and no chaos on the roads].  So inviolable rights to dispose of property as we like in all circumstances are rare &#8211; because to grant them would ultimately cause harm elsewhere.</p>
<p>So too, perhaps, with the right to have an empty flat located just round the corner from a disaster zone that has made many homeless.</p>
<p>In this spirit, one could imagine temporary requisitioning to be like a congestion charge for cars.  Housing contiguous to the disaster site is the scarce resource, like roads through a busy city.  The equivalent of &#8216;rush hour&#8217; on the roads is the time immediately after the disaster when the need for accommodation nearby is extreme, and the invoilable right to hold empty flats causing greatest harm.</p>
<p>Relatedly, one could envisage empty-property taxes that rose in the immediate area around a disaster zone like Grenfell Tower, which would either help fund temporary rehousing, or could be discharged in kind by the owners handing over the keys for a while.</p>
<p>Having such rules in place ex ante would encourage better &#8211; more socially desirable &#8211; use of scarce land.</p>
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