Friday, Oct 26, 2007
Oh well... The Bulls are back in town
BBC News: 3m extra homes 'still not enough'
Well apparently even tho there are 670,000 empty homes out there, building 240,000 new ones wont be enough to satisfy demand!!
Wonder what EA/Building Company co-sponsored this one.
Posted by crutchley @ 08:24 AM (619 views) Add Comment
7 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. planning4acrash said...
"She is also to warn that "outdated regional housing targets" will be no excuse for local authorities not to build new homes" Lets get something clear, Council's lost the power to borrow money to build houses during Thatcher's reign. Council's cannot build houses! It has been left to the free market, which exists to make profit and does not exist to meet social need and floor the market with cheap properties!!.
2. su said...
"Ms Cooper will announce that councils intending to build the most new houses will be given £1,100 per home, and this may increase to £5,000 by 2010/11."
She doesn't say they actually have to build them - just INTEND to build them.
3. Wdbeast said...
I think we should build 5m new homes next year, then we could get Kelloggs to give them away in packs of cornflakes!
4. dugmug said...
"Wonder what EA/Building Company co-sponsored this one."
Actually, it that stupid Government created "jobs for the boys" quango that was set up last November - The National Housing and Planning Advice Unit. These were the same muppets who, just a few months back, predicted the average buyer would be paying ten times their salary for a house by 2026. How any buyer could pay ten times their salary, they of course failed to mention (by my calculations, even on low interest rates, the monthly repayment would equate to 100% of net income, so forget being able to afford to eat or anything)! The news made no mention of affordability, where interest rates might be by then, whether we'd have less economic-immigration by then or not, or anything relevant really - they'd just drawn a straight line on a graph following the same path as the last few years, as far as I could tell. Given that their head guy is a well respected economist and that they no doubt get paid a fortune for their "work", I think the simple-minded nonsense they peddle in order to justify their own existence is absolutely scandolous. But maybe that's just me.
5. Mark Wadsworth said...
What Dugmug says.
6. sold out said...
This story really is a desparate attempt by bottler Brown and the VI's to attempt to keep the wheels on the Housing gravy train(1 wheel already gone another rattling loose as we speak).Its the same old re-hashed nonsence story that came out a few weeks back.Desperate scare tactic for the masses "if you dont buy now you will never afford to" type garbage.
How stupid and gullable do they think we are and why has this story suddenly appeared again today? Too many negative stories about housing i guess so they come out with this pathetic rubbish.
Hpc bloggers party still looking good for may/june 08
7. wiltshire said...
They don't have a clue do they? Northern Rock proved that. Apparently Darling and the powers that be were taken aback that their promises that all was well fell on deaf ears and the queues outside NR offices continued. Do they really think they can talk up this mortally wounded housing market??? It doesn't matter what the headline inflation figure is because everyone in this country is out there seeing their salary/benefits stretch less and less each month. No-one is going to trust the government on housing now and even if they did they either can't afford to buy/move or are having mortgage applications turned down.