SarahBell Posted June 27, 2013 Share Posted June 27, 2013 £3bn to build 165,000 new affordable homes http://www.bbc.co.uk/news/uk-politics-23074245 How much is that per house? Is that affordable? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 27, 2013 Share Posted June 27, 2013 (edited) £3bn to build 165,000 new affordable homes http://www.bbc.co.uk/news/uk-politics-23074245 How much is that per house? Is that affordable? 18K a house. They will built them for 18K and sell them for 180K. Or will the money be used to gift people ( and by that I mean building company execs and bankers ) a whopping deposit so they can pay an unaffordable price for a house ? Welcome to rip off Britain. Edited June 27, 2013 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
motch Posted June 27, 2013 Share Posted June 27, 2013 18K a house. They will built them for 18K and sell them for 180K. Or will the money be used to gift people ( and by that I mean building company execs and bankers ) a whopping deposit so they can pay an unaffordable price for a house ? Welcome to rip off Britain. no chance those houses can be built for 18k each average Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted June 27, 2013 Share Posted June 27, 2013 I bet these are ALL built inside the M25 using the rest of the countries tax payers to pay for it (eventually). :angry: These need to be evenly built over the country. Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted June 27, 2013 Share Posted June 27, 2013 no chance those houses can be built for 18k each average Why not? Are you expecting luxury? They won't be. Prefabbed blocks of apartments could probably be built pretty cheaply. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 27, 2013 Share Posted June 27, 2013 no chance those houses can be built for 18k each average If the land is taken from the council and they are build en-masse then I think that is easilly achievable. However, I suspect this is just another government deposit guarantee, so they subsidize someone paying 2007 peak prices for a shoe box flat that they can only afford with interest rates at 0.5%. I hope I'm wrong. Quote Link to comment Share on other sites More sharing options...
winkie Posted June 27, 2013 Share Posted June 27, 2013 (edited) What is affordable?....what is affordable to some is unaffordable to another. Someone was telling me that not that long ago they built some 'affordable' homes on an estate nearby.....these homes were snapped up and promptly resold not long afterwards at non affordable prices....there are no longer any 'affordable' homes on that estate. Edited June 27, 2013 by winkie Quote Link to comment Share on other sites More sharing options...
@contradevian Posted June 27, 2013 Share Posted June 27, 2013 They will all end up in the hands of private landlords again due to Lord Merv's "Cash For Landlords" scheme...so they become unaffordable again. Quote Link to comment Share on other sites More sharing options...
Superted187 Posted June 27, 2013 Share Posted June 27, 2013 So who will actually receive this money to build the houses? Quote Link to comment Share on other sites More sharing options...
motch Posted June 27, 2013 Share Posted June 27, 2013 Why not? Are you expecting luxury? They won't be. Prefabbed blocks of apartments could probably be built pretty cheaply. Installing electrics, plumbing, possible gas fitting, installing bathroom, fitted kitchen of some sort, painting and decorating, general fixtures and fittings. Then there's the initial ground workings and building the structure, roof fitting and roofing costs. LABOUR costs!? Hooking up all services. Initial clearing of the site and so on. What sort of housing will be built? most affordable housing I see about is 1-3 bed housing estate type buildings. OK building a big block of flats may come closer down to 18k, but it couldn't be done unless you could get builders/workers to work for free. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted June 27, 2013 Author Share Posted June 27, 2013 (edited) 18K a house. They will built them for 18K and sell them for 180K. Or will the money be used to gift people ( and by that I mean building company execs and bankers ) a whopping deposit so they can pay an unaffordable price for a house ? Welcome to rip off Britain. 18181? 3 000 000 000 / 165 000 = Edited June 27, 2013 by SarahBell Quote Link to comment Share on other sites More sharing options...
Butthead Posted June 27, 2013 Share Posted June 27, 2013 I bet these are ALL built inside the M25 using the rest of the countries tax payers to pay for it (eventually). :angry: These need to be evenly built over the country. Over the country, yes. Evenly...? Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted June 27, 2013 Share Posted June 27, 2013 To add, they also need planning conditions attached so that they cannot be bought or rented by private landlords. Quote Link to comment Share on other sites More sharing options...
hellsbells Posted June 27, 2013 Share Posted June 27, 2013 Look on any of the numerous kit home/ residential log cabin websites. Two bed homes can be had for that sort of money (£18K). Say allow another £10K for siting and connecting up and you could really build habitable properties for well under £30K each. This is what really annoys me - if THEY really wanted to provided plentiful warm homes for people, THEY could do at next to no cost if the land was made available from councils and government departments (MOD "owns" loads of the stuff around my part of Wiltshire). I would happily live in a warm modern kit house or log cabin affair, and so would many others waiting on housing waiting lists. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted June 27, 2013 Share Posted June 27, 2013 Look on any of the numerous kit home/ residential log cabin websites. Two bed homes can be had for that sort of money (£18K). Say allow another £10K for siting and connecting up and you could really build habitable properties for well under £30K each. This is what really annoys me - if THEY really wanted to provided plentiful warm homes for people, THEY could do at next to no cost if the land was made available from councils and government departments (MOD "owns" loads of the stuff around my part of Wiltshire). I would happily live in a warm modern kit house or log cabin affair, and so would many others waiting on housing waiting lists. I think that 'they' would rather you paid them your salary via rent than 'them' allow you to live rent free. Yes, it would be easy for them to grant you planning. I estimate that the average 1/2 acre plot with planning would be somewhere in the region of £40k based on comparisons with Ireland. If you wanted to shove 8 houses per acre, then you would be looking at land cost of £10k per plot. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted June 27, 2013 Share Posted June 27, 2013 It all boils down to those who control the planning system are the ones who are stealing your money via rentier capitalism. It would be fairly easy to make the monopoly board bigger by adding a sheet of paper and drawing some squares, the problem is the people that control the game won't allow it because it will devalue their squares. Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted June 27, 2013 Share Posted June 27, 2013 Affordable housing used to mean social rented housing Isn't this just ab £18k per house subsidy to build HA housing with slightly lower rents than in the PRS? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 27, 2013 Share Posted June 27, 2013 Affordable housing used to mean social rented housing Isn't this just ab £18k per house subsidy to build HA housing with slightly lower rents than in the PRS? And it shoudl again/ As someone pointed out....as soon as someone buys an affordable house, they will just try and flog it on at an un-affordable price. Maggie Thatcher was wrong.....we need council houses and lots of them. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted June 27, 2013 Author Share Posted June 27, 2013 Affordable housing used to mean social rented housing Isn't this just ab £18k per house subsidy to build HA housing with slightly lower rents than in the PRS? They're 181k each not 18k Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted June 27, 2013 Share Posted June 27, 2013 They're 181k each not 18k I thought it worked out at £18k subsidy per house? £3 billion for 165,000 houses is £18181 per house, isn't it? Quote Link to comment Share on other sites More sharing options...
Mr X Posted June 27, 2013 Share Posted June 27, 2013 What is affordable?....what is affordable to some is unaffordable to another. Someone was telling me that not that long ago they built some 'affordable' homes on an estate nearby.....these homes were snapped up and promptly resold not long afterwards at non affordable prices....there are no longer any 'affordable' homes on that estate. The term "Affordable housing" always amuses as by implication everything else is unaffordable therefore nobody can possibly have enough money or obtain enough debt to buy it. Quote Link to comment Share on other sites More sharing options...
simon99 Posted June 27, 2013 Share Posted June 27, 2013 (edited) Affordable housing just means getting a smaller portion of a house for the same money as a whole one should cost. Edited June 27, 2013 by simon99 Quote Link to comment Share on other sites More sharing options...
Snugglybear Posted June 27, 2013 Share Posted June 27, 2013 I was just checking to see what a billion was these days in Treasury / Parliamentary parlance. Apparently it's the American billion, one thousand million. Divided by 165,000 that is indeed 18,181 (and 81 recurring). So, it's a £18,181grant towards the cost of building each house on average. The total to be doled out over three years after 2015. It's actually a smaller sum than the present grant of £22,000 per home on average under the current affordable homes programme. Details here http://www.insidehousing.co.uk/finance/treasurys-%C2%A33bn-for-165000-affordable-homes/6527537.article amongst other places. Nobody's going to be building houses for £18,000 each, they'll be getting less of a contribution than they do currently, and they won't be getting it until after 2015, oh, and over three years, and if whoever wins the election decides to carry on with the same plan. Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted June 27, 2013 Share Posted June 27, 2013 You've all forgotten again so I'll remind you. £24,500 The the average per-unit costs of "normal" new build "properties" in the UK. I believe it's based on the average mixed development... So houses some flats, with partial prefabrication the way most new estates are built. £24,500. That's it. The rest of the "cost" is land. And don't go on about housebuilding profits, they are mostly on the verge of bankruptcy. Quote Link to comment Share on other sites More sharing options...
crash2006 Posted June 27, 2013 Share Posted June 27, 2013 £3bn to build 165,000 new affordable homes http://www.bbc.co.uk...litics-23074245 How much is that per house? Is that affordable? "£28bn for road improvements, including £10bn for essential maintenance" are they not going to privatise the roads? "850 miles of railway to be electrified as part of £30bn rail investment" did we not sell the tracks so that any investment was carried out by private companies? Quote Link to comment Share on other sites More sharing options...
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