Monday, Feb 23, 2009
And who's going to pay for that?
Bloomberg News: U.K. Should Build Homes to Escape Recession
The U.K. government should build public housing to help the economy emerge from the recession, a group chaired by Bank of England policy maker Kate Barker said.
Funding the construction of 100,000 new homes over the next two years would save 30,000 jobs and prevent a shortage of housing supply from inflating property prices in the future, the 2020 Group said in London today.
Posted by gromit @ 07:16 PM (226 views) Add Comment
2 Comments
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1. str 2007 said...
Sounds sensible, except they're building social housing, for people that would have been unable to inflate the bubble, cause they've got no money, that's why they need social housing.
What are you a fu**in retard Kate.
What about some plots of land for the rest of us.
2. it_is_going_with_a_bang said...
I am all for doing exactly that - build decent social housing.
The thing that will entice investors into buying private property for rental is the fact that there is not much social housing available and then the shortfall is made up with private landlords. These people do help to inflate a bubble because they put pressure on the overall demand for private rentals.