Affordable homes shortage plan

Affordable homes shortage: Government to reveal plans The initiative, for England only, will begin in July and aims to build 16,000 new homes and create up to 32,000 jobs.
It is hoped that about 450,000 mainly affordable homes will be built by 2015, many of them on publicly-owned brownfield sites.
If this ends up building genuinely affordable housing (ie: people can afford to buy 100% of it with no borrowing deposits off family members etc) then it'll be a good thing. If it ends up building more unaffordable housing then it will almost be a waste.
There's a great article in the Telegraph: Falling house prices, not rising Government intervention, are first time buyers’ best hope
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2 Responses to Affordable homes shortage plan

  1. Thanks for the link. Absolutely right as well - if it truly is 16,000 new affordable homes then it's a step (ableit a small one in an ever increasing supply and demand gap) in the right direction, but if it isn't then it should stand as a black mark on the coalitions leadership. The spiralling housing crsis really needs to be taken in hand before it gets too out of control.
  2. Diane says:
    Do you think 'affordable housing' is usually not though?
    Any scheme that only lets you buy half a house is just propping up expensive houses?
    I've read a new build house costs about £40,000 to build, so the mark up must be huge even after you take land costs into account.

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