Wednesday, Feb 07, 2007
Government action needed to ensure affordable country homes exist
BBC: Warning on affordable rural homes
The BBC seem to be a tad more balanced in their reporting. To a seasoned HPC'er this article is nothing new.
Posted by denzil @ 09:47 AM (124 views) Add Comment
12 Comments
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1. paul said...
There's heavy snowfall forecast for tomorrow. Wrap up warm!
2. David20040_0 said...
Lack of housing, up up up they go
3. Rep013 said...
Does anyone know what affordable housing is?
How can you build new property and then sell it comparatively cheaper to that which is around it as this is the only way I can understand affordable housing. If this is the case then why is it cheaper and what then happens when the owner wants to sell it? They ask the local market rate which, going by todays prices, is far from affordable so the property is no longer affordable housing.
The only other scenario I can see is that because it is cheaper it will bring down the price of the incumbent houses. If this is the case then let's see lots more affordable housing.
Or is this housing that is passed to the council to own and rent or housing associations to buy and rent or part ownership scheme. Either way this doesn't constitute affordable housing just affordable renting (possibly) and in the case of part ownership - unaffordable.
If anyone can shed more light on this it would be greatly appreciated.
4. Cstanhope707 said...
I bet the people who buy these Country houses just as holiday home complain that there is no shops, resturants in the village. This is because everyone is being forced out. But I can not get my head around why the Campaign to Protect Our Property Values (sorry Rural England) are getting involved here.
5. george monsoon said...
Askholes from the City with Much Much Much more money than the locals, buying that "quaint little house in the country" pricing the locals out because they are dumb enough to pay any amount. Turn up in their chelsea tractor and fit in like E.T.
6. doomwatch said...
Quite confusing really as a lot of "investment properties" rented out in London are owned by people "in the country".
7. p. doff said...
Rep013. New property designated as affordable housing is granted planning permission with a stipulated maximum selling price (which varies according to type and locality). There may be other planning conditions which restrict the type of buyer. On any future resale the selling price is limited to an amount set by the 'Authority', which may be the initial figure indexed for inflation. This is supposed to stop speculation.
Sounds ok in theory - but I looked round some new rural terraced houses last year which sold for £95K and one has just resold for £122K. The agent told me that the figure had been approved by the Authority, so as far as I can see the system is flawed (like many things this government thinks up), unless inflation is just a wee bit more than the claimed 3%!!!!
8. Rep013 said...
P. doff
Thanks, as I thought not really "affordable" then.
9. George Monsoon said...
Not that confusing doomwatch..
The rented properties are empty because the owners have moved out to the country and stand out like fart in a spacesuit.
10. george monsoon said...
Not that confusing doomwatch..
The rented properties are empty because the owners have moved out to the country and stand out like fart in a spacesuit.
11. enuii said...
Mmmm, lets see, affordable housing should be a two bedroom terraced property for a young couple on the minimum wage ~£5.40/hr at no more than 3X both their salaries then if one isn't working they can just about pay the mortgage i.e. 6 x 1 salary MAX.
That means the house will be with a 5% deposit no more than ~£72K.
Minimum wage equals no chance of buying a house then even if two of you club together unless you go for 4.5X (or more) both wages.
There may be trouble ahead, lets face the music and dance.
12. george monsoon said...
I earn an above average wage, so does my partner and we still can't afford a house.