Two tier home ownership: green for the rich and brown for the poor

Green = executive-style homes in lovely surroundings and in beautiful countryside or coastal areas – you choise – where, if you fancy a change or a trade up or downsize or you get a job elsewhere, you sell for something else of your choice

Brown = little boxes on brownfield sites, no planned infrastructure, forced to keep the “starter home for 5 years before selling, so if you get a job elsewhere or your family size increases beyond your number of (small) bedrooms, before 5 years is up, tough luck, you have to pay the 20% discount back if you need to move.

And what if your Local Plan doesn’t accommodate the “200,000 starter homes” but instead relied on affordable housing? Tough luck again, affordable housing is thrown out in this plan.

Can you work out how the “starter homes” are funded from this press release:

“The 20% discount will be paid for by waiving the fees homebuilders have to pay to local authorities under so-called Section 106 agreements, amounting to at least £45,000 per dwelling on brownfield sites.

The Conservatives say homes worth £250,000 outside London – or £450,000 in London – would be eligible for the scheme and that first-time buyers would have to repay the 20% price advantage if they sold within five years.”

Anyone else thinks there are more holes in this scheme than in a pair of fishnet tights?

http://www.bbc.co.uk/news/uk-politics-31683974

3 thoughts on “Two tier home ownership: green for the rich and brown for the poor

  1. You have to admire the Tory government for its “brilliance”.

    They announce a wonderful new policy for what is effectively a different form of “affordable housing”, and rather than pay for it yourself (from government funds – where in an election year you have to demonstrate that you can pay for it from increase income) in stead you get the local people to pay for it by taking away desperately needed S106 funds.

    (What is unclear is whether this allows developers off the Community Infrastructure Levy – though of course in East Devon this is a moot point since CIL comes with an approved Local Plan, and under the Tories we are years away from that.)

    So effectively this means even more homes – since they are “affordable” they will be small homes with tiny gardens, and you get far more of these to the acre than executive housing – putting even more pressure on local infrastructure – roads, schools, doctors, dentists, sewerage – and without ANY money available to increase the capacity of this infrastructure.

    Yes – truly “brilliant”!!!!

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    • Well, that’s Cranbrook sorted – more and more little boxes. Maybe EDDC Tories could shoehorn all 200,000 in there if they get in again!

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  2. If they get returned to power at EDDC then we must be a mad lot, for that to happen. but we shall deserve it. But if people get off their back sides, we will wake up with Claire Wright as our new breath of fresh air MP. Now that will be, great news.

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