Friday, Dec 12, 2008
More NuLab ideals come unstuck
Times: Council ghettos may return as recession kills mixed estates
Housing associations are to stop building mixed estates of privately owned and social rented homes, prompting fears of a return to Sixties-style council ghettos. For the first time in 20 years, new “affordable” estates of hundreds or even thousands of homes will no longer include houses for private sale because of the credit crunch. Housing associations already had 10,000 homes for private sale or shared ownership that they were unable to shift because of the credit crunch. These will now be turned into rented homes for those on council waiting lists and those on low incomes such as key workers and would-be first-time buyers. In addition, thousands more social homes will be built.
Posted by drewster @ 01:04 AM (229 views) Add Comment
1 Comment
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1. crash bandicoot said...
I don't see this being a problem. Most private housing on "affordable" estates would have been sold to BTL landlords anyway. First time buyers have not been able to afford to buy "affordable" housing for years.