Affordable housing3 Jul 2018 10:32
Generation rent can't afford a home.No way around it we need to bring housing costs down for this group otherwise the Tories will be losing people who would most likely vote for them.Until now the policy has been to give additional help with finance but this has led to house prices rising still further.
Why not fix the price at the affordable level say £150,000,give the incentive to the builder to build at a set price within a set time limit so for 100,000 homes give the builder £20,000 if they can complete the build and occupation within 12 months.OK, £2 billion cost sounds a lot but Gov would recover most of this in additional growth.The alternative council houses are built with 100% local/central government costs.
What to do with bubble London-It would have to be the exception a mix of above.
Would be good for Lloyds!