The government has rushed through its affordable housing policy.
Now, councils can force developers to set aside land for such 'cheap' housing, or contribute money towards land for houses to be built elsewhere.
And how will such contributions, be it in land or cash, be paid for?
But in the final costs of the houses paid by everyone else on the new subdivision?
Either that, or such measures will push up the cost of housing supply, so supply falls, which will mean house prices would be higher than they would otherwise be.
Nice thinking Liabour! You really have the ways to help!
What about increasing the supply of land so it becomes cheaper?
Or telling councils to stop taking off so much in developer contribuitions, that they simply pass on to the new homebuyer?
That might work.
2 hours ago