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HarderFaster Forums >> General Mayhem >> What should an affordable house cost and is that discount fair? Author Pages (4):  1  2  3  [4]      ceekay venomous fairy Registered: Feb 2010 Posts: 39935 - Threads: 1064 Location: In a wide open space 2016 Winner Thread Honourable Mention Member Quote: Donnie-B wrote on 23-05-2016 01:58 PM I'm talking about if we built true affordable housing. If they are bought at a discounted rate is it then fair that they can then sell for market rate or should they be only be able to sell for the amount it has gone up in value? If you want it to stay affordable housing, then neither. Because market rates are falsely inflated and that makes the resale value also falsely inflated. "Do you believe in the devil? You know, a supreme evil being dedicated to the temptation, corruption, and destruction of man?" "I'm not sure that man needs the help." (Calvin & Hobbes) Report this post to a moderator | IP: Logged 23-05-2016 14:25 PM Donnie-B Registered: May 2012 Posts: 4133 - Threads: 366 Location: London Quote: ceekay wrote on 23-05-2016 02:25 PM If you want it to stay affordable housing, then neither. Because market rates are falsely inflated and that makes the resale value also falsely inflated. They can't make any profit at all? That's a bit communist Report this post to a moderator | IP: Logged 23-05-2016 14:29 PM voodoobass a table, mes enfants... Registered: Sep 2003 Posts: 33900 - Threads: 985 Location: somewhere else Quote: Donnie-B wrote on 23-05-2016 01:58 PM I'm talking about if we built true affordable housing. If they are bought at a discounted rate is it then fair that they can then sell for market rate or should they be only be able to sell for the amount it has gone up in value? True affordable housing is not the same as taking any housing and making it 'affordable' through subsidy. True 'affordable' housing is where it has been built to a budget that satisfies a certain unit cost - meaning that the buyer is paying a price that covers the land, the construction of four walls and a roof, and a fair daily wage for everyone involved in the construction thereof. ...but if your definition of affordable housing is the government giving you 250k toward something that costs 400k then obviously that is not a sustainable or economically sound way to solve the problem... let alone it being 'fair' if the owner then sells for what it's worth. But, IMO there is nothing intrinsically unfair about state subsidies. soundcloud.com/voodoobass mixcloud.com/voodoobass Report this post to a moderator | IP: Logged 23-05-2016 14:36 PM Donnie-B Registered: May 2012 Posts: 4133 - Threads: 366 Location: London Quote: voodoobass wrote on 23-05-2016 02:36 PM True affordable housing is not the same as taking any housing and making it 'affordable' through subsidy. True 'affordable' housing is where it has been built to a budget that satisfies a certain unit cost - meaning that the buyer is paying a price that covers the land, the construction of four walls and a roof, and a fair daily wage for everyone involved in the construction thereof. ...but if your definition of affordable housing is the government giving you 250k toward something that costs 400k then obviously that is not a sustainable or economically sound way to solve the problem... let alone it being 'fair' if the owner then sells for what it's worth. But, IMO there is nothing intrinsically unfair about state subsidies. Land costs rise just as housing costs do. If I were Barratt Homes. Why would I pay top whack for land then sell my assets at a "loss" Report this post to a moderator | IP: Logged 23-05-2016 15:32 PM voodoobass a table, mes enfants... Registered: Sep 2003 Posts: 33900 - Threads: 985 Location: somewhere else Quote: Donnie-B wrote on 23-05-2016 03:32 PM Land costs rise just as housing costs do. If I were Barratt Homes. Why would I pay top whack for land then sell my assets at a "loss" what, you mean buy up cheap brownfield sites, old quarries with damp problems, chuck a load of tiny boxes up with hardly enough room for a sofa and insufficient parking space, yet charge millions? Basically your question boils down to 'should the State regulate the creation of housing to ensure accessibility for lower income and/or first time buyers, or should we allow free market economics to run wild and for individuals or businesses to set their own prices for immediate personal gain?' soundcloud.com/voodoobass mixcloud.com/voodoobass Report this post to a moderator | IP: Logged 23-05-2016 17:15 PM All times are GMT. 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