The group of people that own £3m+ houses is relatively small, and therefore presumably not really the problem.
Countrywide yes, but at a more local level SUV ownership is highest in places where the average house sale price is already >£2m, e.g. parts of Wandsworth borough, Kensington & Chelsea, and Hammersmith & Fulham.
In part of my local area there's probably 95% of the 1000 houses nearby me that would sell for more then £2m. It isn't accurately reflected in average house sale prices (available via the Land Registry) as many are owned by boomers who bought them for £25k 40 years ago.
The problem is that you can get finance on a Range Rover if you've got a job flipping burgers at McDonalds.
Indeed, and the measures I suggested would have an effect on them as though couldn't finance a tripling in running costs. But in certain areas of the country where the SUV is so dominant there'd be little to no point trying to put the squeeze on them at all (with those measures).
At the end of my road is a school where the daughter of a Russian oligarch used to attend. As the story goes, to make the drop-off/pick-up easier (after complaints from locals about the two vehicles that used to idle whilst waiting for her) said oligarch bought one of the houses next to the school purely to use the driveway for drop-off and pick-up. The £2m+ house was just left empty and then sold (for a profit naturally) when she'd moved on from the school.
(Note that I edited my post to say £2m+)
Countrywide yes, but at a more local level SUV ownership is highest in places where the average house sale price is already >£2m, e.g. parts of Wandsworth borough, Kensington & Chelsea, and Hammersmith & Fulham.
In part of my local area there's probably 95% of the 1000 houses nearby me that would sell for more then £2m. It isn't accurately reflected in average house sale prices (available via the Land Registry) as many are owned by boomers who bought them for £25k 40 years ago.
Indeed, and the measures I suggested would have an effect on them as though couldn't finance a tripling in running costs. But in certain areas of the country where the SUV is so dominant there'd be little to no point trying to put the squeeze on them at all (with those measures).
At the end of my road is a school where the daughter of a Russian oligarch used to attend. As the story goes, to make the drop-off/pick-up easier (after complaints from locals about the two vehicles that used to idle whilst waiting for her) said oligarch bought one of the houses next to the school purely to use the driveway for drop-off and pick-up. The £2m+ house was just left empty and then sold (for a profit naturally) when she'd moved on from the school.