0:00
Think in the 2021 census, England and
0:02
Wales, 1.3 million long-term vacant
0:07
homes just sitting there. Not second
0:09
homes, long-term vacant homes. And
0:11
people go, "Well, it's my property. Do
0:12
what I like with it." You know, there
0:13
are people who inherit stuff, can't be
0:14
bothered to deal with it. There's always
0:15
a story behind it, right? There are
0:17
things that the government could do to
0:18
bring those properties back into
0:20
circulation. You could just incentivize
0:21
it. Like, "Okay, you're going to have to
0:23
pay slightly higher tax if you just
0:24
leave it there empty for longer than a
0:26
year." You want to have it empty for a
0:27
year for refurbishing or whatever, then
0:29
that's fine. More than a year, we're
0:30
going to start to to to apply a bit more
0:32
tax. Or we're going to say, "You've got
0:34
to put it on the market and rent it
0:35
out." Or we're going to commandeer it
0:37
and rent it out. It's still yours. We'll
0:38
pay you for it, but you can't not rent
0:40
>> Has Has that model been tried
0:43
>> I mean, these are all just wild
0:45
suggestions, right? But my point is, you
0:46
just need to create the incentive.
