Monday, 7 September 2015

For Far Too Many People, a Starter Home Will Be a Non-Starter

The government's current plans to solve the housing crisis, which in the main focus on building affordable 'Starter Homes', are not the solution we need. The offer of 20% off some new homes costing up to £450,000, whose prices are rising at over 5% a year, is empty, as it's still out of reach for millions of people. Plus it will be paid for by scrapping other plans to build more homes ordinary people can afford to rent or buy, and selling off many of the few affordable homes we have left. Analysis shows that these 'Starter homes' will be unaffordable for families earning average wages in over half of local authorities in England in 2020. For families on the new National Living Wage, that rises to 98%. Read more on the Huffington Post website.

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