From today's Evening Standard:
Boris: 50,000 cheap homes on the way
BORIS Johnson has announced plans to create 50,000 affordable homes and kickstart the housing market. The Mayor said he wanted to build the ambitious total, including 30,000 social housing units, within three years. The £5 billion scheme will attempt to get middle-income families on the property ladder and ditch previous mayor Ken Livingstone's target that all new schemes are 50 per cent affordable...
*sigh*
Houses in London are becoming more affordable by the day and rents are falling. The housing market does not need to be 'kickstarted'; we are now at the fag end of a property price bubble; prices will overshoot on the way down and then recover, and then the next bubble will start and so on ad infinitum. Or until they introduce Land Value Tax, whichever is the sooner. As to "middle-income families", I can see the point of redistribution from rich to poor - preferably via a Citizen's Income-style welfare system - but redistribution from middle-income-to-middle-income? What's the point?£5 billion is a heck of a lot of money; there are about 2 million households in Greater London, so that works out at £2,500 extra Council Tax per existing household. So he's just lost 2 million votes in order to win 30 thousand.
Twat. Thank God I don't live in Greater London any more.
The article continues with endless bullet points, which I could fisk individually, but you get the overall drift.
*/sigh*
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4 comments:
I can't face reading the drivel. I presume he knows where he will put them and that planning consent is assured? As any fule kno,its not the land that's the problem, it the planning consent.
Simple answer...
If you live in a council house without any earner, you get to packed off to a former coal mining area of the country. If you want to sit on your arse smoking tabs and watching Jeremy Kyle, you might as well do it where there's plenty of available property.
Should be able to find 50,000 properties with that...
Politics, not economics is driving this. Double 'sigh'.
Drom what you quoted I thought he might be going to promote modular houses, which mass produced in these numbers would indeed be affordable but the full article makes it clear he just wants to subsidise the same old.
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