A Massive Shot In The Arm – 12.2 Billion On New & Affordable Homes

Brett Alegre-Wood
September 14, 2020

It's good that the government is finally throwing money at this

I think the government should provide an affordable house/ housing. The UK should learn more on how Singapore successfully put up their housing system for the people. 

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Recovery or double dip you know I think the key here you know is actually double dip isn't even in the question right now because we haven't come out of the first recession. We're still currently in it all.

There is some good news and that's the next thing that we talk about which is basically the government's announced 12.2 billion for affordable housing of which I think it's 7 billion 700 million of that is for new homes. Now the interesting thing with this affordable housing okay this is an issue absolutely and I think you know Kate Barker in 2004 I think or 2002 she come out with the Barker Report which basically talks about how there's a shortage of 200,000 homes and we need to do 150,000 homes or whatever it was every single year and we've failed to do it in any of the years and I've been in the UK since 2002 and they've never done it in a single year not even got close. So now that 200 000 must be a million I don't know how many homes the shortage there are.

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I'm not sure the government statistics all those figures are totally correct. I think there is enough affordable housing for the lower end of people you know for that and are there schemes to get people on the housing thing and the commitment now I think that's where there is. I think there's plenty of homes you know in the right you know in the right brackets if you know normal people that are employed in that sort of stuff. 

I'm not a big proponent of this. There's a housing crisis. I think the housing crisis is that the government doesn't want to spend its own money to create a two-tier housing system. It's almost like they want industry to do it. In Singapore they have what's called a HDB (Housing Development Board) . They create a two-tier system that you know HDBs are what everybody can afford. They're subsidised, they have that but any money you make out of that effectively has you know goes back into that. So it basically keeps the prices down so everybody can afford them and it's a great system. Yeah if you want to go private housing then the houses private housings can go up to millions 30 million more even you know.

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But the reality is it's a great system works very well and the UK could learn a lot from that but I'm not sure that the government wants to put the money behind that and I feel the big businesses the big corporations and pension funds are what are taking over that market and not only the private rented stuff but you know not so much the affordable I think the government should provide the affordable and it should be an affordable house not the local developers. The developers can build it they could although we can have a discussion about that but you know the good news is that they are throwing money at this.

Video Transcription

There is some good news and that's the next thing that we talk about which is basically the government's announced 12.2 billion for affordable housing of which I think it's 7 billion 700 million of that is for new homes. Now the interesting thing with this affordable housing okay this is an issue absolutely and I think you know Kate Barker in 2004 I think or 2002 she come out with the Barker Report which basically talks about how there's a shortage of 200,000 homes and we need to do 150,000 homes or whatever it was every single year and we've failed to do it in any of the years and I've been in the UK since 2002 and they've never done it in a single year not even got close. So now that 200 000 must be a million I don't know how many homes the shortage there are. I'm not sure the government statistics all those figures are totally correct. I think there is enough affordable housing for the lower end of people you know for that and are there schemes to get people on the housing thing and the commitment now I think that's where there is. I think there's plenty of homes you know in the right you know in the right brackets if you know normal people that are employed in that sort of stuff. I'm not a big proponent of this. There's a housing crisis. I think the housing crisis is that the government doesn't want to spend its own money to create a two-tier housing system. It's almost like they want industry to do it. In Singapore they have what's called a HDB (Housing Development Board) . They create a two-tier system that you know HDBs are what everybody can afford. They're subsidised, they have that but any money you make out of that effectively has you know goes back into that. So it basically keeps the prices down so everybody can afford them and it's a great system. Yeah if you want to go private housing then the houses private housings can go up to millions 30 million more even you know. But the reality is it's a great system works very well and the UK could learn a lot from that but I'm not sure that the government wants to put the money behind that and I feel the big businesses the big corporations and pension funds are what are taking over that market and not only the private rented stuff but you know not so much the affordable I think the government should provide the affordable and it should be an affordable house not the local developers. The developers can build it they could although we can have a discussion about that but you know the good news is that they are throwing money at this.


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