Do Tories REALLY plan to build council houses for £2,600 each!

Comment on Guardian article:

Tory maths:
Manifesto says they will build 500,000 new houses.

According to Conservatives this cost will be covered by £1.3 billion in extra capital spending (read borrowing).

£1.3 billion spent on 500,000 houses means each house will be built for £2600.

Current waiting list for council housing, 1.25 million people.”