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Will Labour’s housing targets solve London’s housing crisis?
National World - LocalTV
Follow
07/08/2024
We ask Londoners whether the 1 and a half million new homes promised by Labour will help people in the capital to buy a home.
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Transcript
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00:00
It would certainly help the housing crisis, whether it's plausible or not, I have no idea because I'm not an expert.
00:07
And I don't think people who aren't experts should be commenting on that sort of thing.
00:11
I believe that house building targets are great, but the houses that are constructed have to genuinely be affordable.
00:17
They cannot simply sit within a percentile that is judged as affordable by a sort of mean average or whatever,
00:22
but is actually not accessible to the vast majority of first-time buyers.
00:26
Affordability exists on a scale.
00:28
If the average price of houses right now is absolutely astronomical,
00:35
and houses are built that qualify as affordable because they are, say, 50% cheaper than those houses,
00:40
if that 50% is still in excess of $300,000 or something like that, it doesn't mean anything.
00:45
Although the member of our family who's in the most difficulties got sorted out very, very quickly by the council
00:54
and we're building some emergency housing with a little boy.
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