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Ash4781

Playing The Housing Waiting Game

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http://news.bbc.co.uk/1/hi/programmes/file_on_4/6900925.stm

1.63 million people on waiting lists

"It is unlikely that any government will be able to build on such a large scale that it will make social housing available to anyone who wanted it," said Prof John Hills, director of the Centre for Analysis of Social Exclusion at the London School of Economics.

Even if the government pledged to build 60,000 to 70,000 housing units a year, this will only take the UK back to the level of social housing of the 1990s.

So they can't build enough and builders build for the market (which is slowing).

Do you think the state will start a mass buy back of BTL properties?

Edited by Ash4781

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http://news.bbc.co.uk/1/hi/programmes/file_on_4/6900925.stm

1.63 million people on waiting lists

So they can't build enough and builders build for the market (which is slowing).

Do you think the state will start a mass buy back of BTL properties?

Frankly as long as it doesn't do it at a rate that bails people out, thats fine. The market rate.

The trouble is that the goverment doesn't ever buy things at market rate, it gets it at market rate plus a huge premium.

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