Wednesday 19 June 2013

What exactly is affordable housing?

House prices in the UK are rising.  This is not good news.  If house prices are going up, then it is harder for people to afford to buy a house. House prices should be allowed to fall to a reasonable level, and remain more or less static thereafter.

If you disagree with that, then maybe you are not concerned by the plight of people living rough on the streets or forced to live in crowded homes.

Every now and again we hear politicians talk about the need for affordable housing, and yet they never seem to want house prices generally to fall.  Is anyone else puzzled by this?

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