I thought the headline was a bit silly. I’d imagine comparisons with Russia where corruption is rife, standards are probably v flexible and loads of fellas looking to bury cash weren’t the best comparison.
The one thing that jumped out for me was the 100m spend required in cherry wood just to get the housebuilding started
All those costs just for a developer with 40% added on for the council.
Construction prices are mad but that’s what you get when you want big apartments, A Rated, crèches, schools and basic infrastructure like water that the wider population wont share the cost of.
Maybe not but with no guarantee of subsequent planning, or where economy was gonna be etc it is a fair chunk of change. I’d say they bought the land for a song as a counterpoint
A couple of observations from me, not specific to this podcast.
We are painted into a corner somewhat now. Clear that we should in theory build out every unit that we can in the short term. But we don’t have the labour to do so, and attracting migrant workers from elsewhere to do it is also impossible now (relative to 20 years ago) becuase of the lack of accommodation
Building as many units as we possibly could should be the priority for the government both to ease the housing crisis (first priority) and to act as a stimulus for ongoing investment in the country as tied to first point above the lacknof affordable housing is a deterrent to building a business in this country and it also drives up wages etc.
The government pandered massively to the masses after the crash and alienated themselves from those who can actually fix this problem (the construction and developer industry). No short term solution to this either
No matter what way I look at it public investment in housing preferably through PPP is needed… Almost regardless of the cost. Because the cost of doing nothing is far greater
We need to go back to mass council estates. There was nothing wrong with them in the first place only they were abandoned once built and even at that most of them turned out grand, just a handful of extreme examples where it went to shit.
Trouble makers need to be evicted. They need shit tons of facilities and they need youth workers, social workers the whole lot. But it would still be vastly more cost effective.
Developers then not having to give up 30% of the estate or pay off the council the maths change completely.
The amount of money we are paying in rent supplement is insane. And there should be a modest automatic garnish on any wage or any social welfare housing recipients receive to pay back some token amount against the cost.