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is social housing subsidised?
Comments
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If it wasn't subsidised somewhere you'd have to ask why everone else couldn't have "affordable" housing.Happy chappy0
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neverdespairgirl wrote: »i refer the honourable gentleman to the answer I gave some hours ago
Sorry, but you'll have to do better than that. The developer builds a property for an agreed price, then sells it, for the agreed price, to a social housing provider. Where's the subsidy?0 -
Yes, and cover those costs from the houses they sell on the open market.Wee_Willy_Harris wrote: »No. The developers foot the cost. Developers charge the maximum they are able to while spending the minimum. In between those two amounts are their profits. If costs rise, their profits drop. Simple.Happy chappy0 -
Becuase it's cheaper than the private housing....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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tomstickland wrote: »If it wasn't subsidised somewhere you'd have to ask why everone else couldn't have "affordable" housing.
Because social housing isn't about short term gain and the maximisation of profits. The clue is in the word "social".0 -
neverdespairgirl wrote: »Becuase it's cheaper than the private housing.
That's a discount, not a subsidy.0 -
tomstickland wrote: »Yes, and cover those costs from the houses they sell on the open market.
Exactly. As I say, the developer covers the cost, not the individual as was stated.0 -
There's an area of Gloucester that was recently built and they hived off a large proportion to housing associations who then dumped a lot of problem families from the West Midlands there. People who paid top market rates for their houses weren't too happy about it.
My gripe is that how can the market ever correct for the rest of us who don't qualify if the bottom end is having money pumped into it.
I know two people who worked for housing associations btw.Happy chappy0 -
How do you think they cover the cost?Wee_Willy_Harris wrote: »Exactly. As I say, the developer covers the cost, not the individual as was stated.Happy chappy0 -
tomstickland wrote: »How do you think they cover the cost?
They may make slightly less profit.0
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