Quote:
Originally Posted by heero_yuy
Why so negative?
If a small amount of discount, and in most cases this is nothing like the £75K that posters are moaning about, can be used to leverage a large investment from private sources e.g. Mortgages and the money is then invested in building new homes then surely this is a good thing for job prospects?
Thatcher's mistake was to let the moneys raised from housing sales be subsumed into the black hole of the Treasury instead of letting local authorities re-invest it in new housing stock as is the current plan.
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On the face of it it's not a bad idea ,it's only when you start thinking about it that the holes in the plan start to appear .If the LA's will be relying on income raised to build new homes then we won't see any new investment for some years because they will want to be building small estates not the odd house here and there ,so to make that viable they would need to build 20-30 houses minimum which will mean that perhaps 30-40 houses must be sold to raise that money .Land may also be an issue in some LA's it all depends on how much of the land freed up from previous demolitions has been sold off or already re-developed