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Starter Homes - none have yet been build

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Ministers confirmed a plan to build 200,000 starter homes had been shelved. The Conservatives have been accused of dropping a second manifesto pledge in the space of a week after ministers rowed back on plans to build hundreds of thousands of “starter homes” for first-time buyers. But the Government has also now binned David Cameron’s flagship housing policy of building 200,000 starter homes at 20 per cent below market price, championed by the former Prime Minister just last year.  Despite dozens of announcements about the homes over the last few years, none have yet been build. This week, housing minister Gavin Barwell confirmed in person for the first time that the Government was not pressing ahead with the manifesto commitment to build 200,000 of them.  Independent

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Well they can do what they want. There is no credible opposition looking after the majorities interests which is disappointing, and even worse the majority don't even seem to care.

Bread and circuses holding true.  

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When they announced their starter home scheme I signed up to the email newsletter, out of curiosity as to whether they would actually follow through. It quickly started to seem like little more than free advertising for various crappy new build developments from the usual suspects. Here's the official starter homes website:

http://www.new-homes.co.uk/starter-homes/

Personally I find it quite distasteful that the Government has set up what is essential just a real estate portal.

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A DCLG spokesman said: 

 

On 2/18/2017 at 3:28 PM, Venger said:

There are subtle misconstructions and all kinds of misdirection - we can only take our own bearings - and for me it's simple; the prices... x8 income (and in my area way outside London), with BTLers and older equity rich owners been happy (mostly) last few years.

HPC ahead on equity rich.. £750K homes etc.... it's not that much of a unreasonable prospect given the extremes of position things have reached for renter-savers / the young.  And at cost to wider productivity imo.  

A week is a long time in politics.  Positions change.   Things forgotten.   Sajid Javed might not be running things as much as he believes he is, against competing forces in HM Treasury and at other higher levels.   BTLers went on the double down against, hearing what they wanted to hear (Generation Rent Forever and HTB means Gov stands behind house prices).  Section24.  SDLT surcharge BTL/second homes.

 

On 2/19/2017 at 1:32 AM, Venger said:

Would argue that it is confusing, rather than in the balance.  

One side has to prevail, I would have thought.  Unlikely it can be both... or I doubt it.  There is a conflict in positions, it seems to me.

It could be that one Department doesn't fully understand overarching strategic view of another, with perhaps one being bossed by those who see the need to have stringent financial controls, and are cool on taking down vested interests BTLers/HPIers.   

The other believing that can make changes that perhaps they can't deliver on.

Easy to produce a report of ... any action?  

 

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This is what happens when you have a bankrupt government who can only keep the plates spinning by net borrowing £50Bn+ a year, while having net borrowed £90Bn+ a year of multiple years since 2008.  The current national debt stands at £1.83Trillion according to the debt clock.  So their manifesto pledges can't be fulfilled - they don't have the money for it.  See...debt does have it's downside sometimes...

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Well personally I think this is a good thing. I'm assuming that us tax payers were going to be the poor saps taking up the slack on that 20% discount 'cos it sure as shit wasn't going to be the builders.

 

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Even with a 20% discount, starter homes are now too expensive relative to incomes for the market to support, making a mockery of the designation 'affordable'. Which is why Fartwell and co. have shifted focus to subsidising the mass construction of micro-apartments instead.

Can't afford a regular sized house? Try Build to Rent.

carmel-place-nyc-micro-apartment.jpg

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