Removal of affordable housing won't work

brit1234

I would welcome stop building shared ownership and shared equity on sites. Less first time time buyers would getting on these so called affordable schemes which are in reality con.

If they don't start building we should introduce a land bank tax.

Matt1977

brit1234 wrote: »

I would welcome stop building shared ownership and shared equity on sites. Less first time time buyers would getting on these so called affordable schemes which are in reality con.

If they don't start building we should introduce a land bank tax.

Totally agree. A friend bought a (very nice) Shared Ownership house in 2006 and I think he now bitterly regrets it.

I'm registered for Choice Based Lettings and along with the rentals I can bid for I get to see details of some of the resale Shared Ownership houses. Some of these have lingered on there for many months.

thriftychap_2

I would never consider a new build purely due to the housing association element that is built on the same development.

Lewis447

18 percent of all Minnesota homes were in the "lower income" bracket and paid 30 percent of their income on housing. Little money is left over for them to enjoy such other such necessities. I don't live in Minnesota, but I can relate.

antrobus

chewmylegoff wrote: »

And cala made a profit of £11m from a turnover of £250 million, a margin of 4%. The year before it managed £2 million off a turnover of £210 million, a margin of less than 1%. Whilst their profit is up by 500% it's hardly stellar stuff. They made a loss of nearly £30 million in 2010...

A £27.1 million loss before tax to be exact. In fact Cala's financial position at the time was such that it was bust. Which is why it only survived because Lloyds Bank agreed to do a debt-for-equity swap.

Dead businesses who are given a second chance at life are supposed to get their act in order, and a 500% increase in profit is exactly what you'd hope to see.

Graham_Devon wrote: »

...
Construction companies are one of the areas who are doing extremely well right now ..

They're doing 'extremely well right now' compared to how they were doing in 2009-20010. They're still doing extremely badly compared to how they were doing before then.

PaulF81

Regulated self build has to be the way forward. Over 80 percent of houses built in germany are self build. Good for the loocal economy, local trade and people get the house they want for about a third less, plus no cat to be paid on materials for a self builder.

CLAPTON

PaulF81 wrote: »

Regulated self build has to be the way forward. Over 80 percent of houses built in germany are self build. Good for the loocal economy, local trade and people get the house they want for about a third less, plus no cat to be paid on materials for a self builder.

a more complete picture would be good