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Affordable Housing
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Does affordable housing exist?
The government seem to by forcing developers to provide high numbers of affordable homes in new housing developments but are these enough?
And while goverment policy seems to be providing affordable housing with one hand, it is taking it away with another by allowing Buy to Let properties become part of a persons pension portfolio (SIPPs, Pension A Day).
Is anyone else stuck in the same postion as me and my young family - you are not eligible for social housing, but cant afford to buy open market, so you are forced to rent privately??
The government seem to by forcing developers to provide high numbers of affordable homes in new housing developments but are these enough?
And while goverment policy seems to be providing affordable housing with one hand, it is taking it away with another by allowing Buy to Let properties become part of a persons pension portfolio (SIPPs, Pension A Day).
Is anyone else stuck in the same postion as me and my young family - you are not eligible for social housing, but cant afford to buy open market, so you are forced to rent privately??
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No, cheapest i've seen is about £90,000.
Not perfect, but it's a start.
How was it acquired before being sold off ?
built by the government in the 50s mainly
Problem is, all the "social housing" is in northern England, and all the homeless seem to congregate in London.
I don't think "affordable housing" does exist. One way to make it exist would be to charge 300% council tax on second homes, rather than providing a 50% discount as at present.
Not down here, it doesn't.
Even the Govt scheme for "vital workers" is still outside of most affordable ranges...
Surely sales wouldn`t take place if it wasn`t "affordable"
seeker
Thanx for the link. Anythings worth a try.
Sales are taking place because many people are already on the housing ladder, and can afford to trade up and down.
But first time buyers are priced out the market. Just think, the minimum wage provides a salary of approximately £10,000 - the 3 1/2 times salary multiplier most mortgage provides use would allow a person on that salary to borrow £35,000 that means that person would require a deposit of £55,000 to buy a £90,000 home. Even a graduate on £20,000 would only be allowed to borrow £70,000, and that would still require a £20,000 deposit to buy a £90,000 home.
I know mortgage providers will allow higher multipliers, with very much smaller deposits, but that causes people to over stretch themselves financially. Remember the monthly repayments, the larger the mortgage, the higher these are.
Is he ? You appear to be an "expert" on the subject.Beware of "experts" :nervous:
Wouldn`t you accept that words are used(or read) in a way that make them emotionally evocative e.g. "aryan"? I feel that "being pedantic",as you put it,has served me well in stripping away the emotional "Orwellian double speak" and seeing things for what they really are. Perhaps the person who posed the question should have thought about it first, if they meant something else.Then again,they may have wanted to appeal to people`s emotions.I don`t know.
I think that if you want to find some answers as to why there is a bubble in house prices perhaps you should look again at the "people vs. bankers" thread.Unless,of course,you don`t think it relates to your life
seeker
Why talk about yourself in the third person - it's a sign of either arrogance or madness. Also why beware of experts, by defenition they know most about the subject and have informed opinions, rather than some half-digested ideas they made up down the pub.
Whilst a 'fascinating' discourse on what language means it doesn't move a discussion on houisng forward one iota.
Is NQA an "expert" on madness and arrogance? If someone,factually,knows the most about a subject that makes them,in this context, a superlative,so there can only be one expert.How you,or anyone,could quantify that is anyone`s guess :chin: So,who then,qualifies as an "expert" ?
Thanks for the ermmmmm compliment.Try the 2nd paragraph,it might help,but do tread carefully
seeker
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