Debate House Prices


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New build buying frenzy

Sort of...

Britain's social housing industry suggests £1bn spree on empty stock

http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article4167655.ece

Anyway, I saw this on my mobile phone ITV news yesterday. Some quango type was congratulating himself on being able to reach the government's affordable homes target sooner than expected. My OH has called the high rise flats the slums of the future ever since they popped up 8 years ago. I wouldn't be too happy if I had just spent mega bucks on one.

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I heard that a lot of them don't meet the minimum specs laid down by Councils/HAs, so can't be bought for that.
  • pamaris
    pamaris Posts: 441 Forumite
    I heard that a lot of them don't meet the minimum specs laid down by Councils/HAs, so can't be bought for that.

    Either way, the future looks bleak.
  • amcluesent
    amcluesent Posts: 9,425 Forumite
    "All your new-builds are belong to us!"
  • epz_2
    epz_2 Posts: 1,859 Forumite
    Does the government actually have any money left, seriously they cant really put up taxes much more, unemployment is rising so less tax & more benefits.

    Then there is the argument of why the government should be allowed to buy at the top of a bubble distorting the market.
  • Annpan
    Annpan Posts: 263 Forumite
    Part of the Furniture Combo Breaker
    Government has oodles of money epz. There's always a bit of gold bullion stashed somewhere. They want us to believe there's nothing in the kitty so we'll cut back and do what they want. It's all an elaborate game to them and us mere mortals pay the price.
    Millions wasted waging war on innocents just to keep in with the yanks and --- don't get me started. It's Friday night and I'm out on the town. See you next week.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    Government has oodles of taxpayers' money - they chuck it around on things like reports that take months to prepare, paying off banks so that they can carry on with their scams and so that those 'running' them can get their bonuses, and the Olympics site (a shocking and needless waste of money).
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