{"id":43779,"date":"2017-02-11T14:00:09","date_gmt":"2017-02-11T07:00:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/let-the-councils-build-homes-again-and-fix-our-broken-housing-market\/"},"modified":"2017-02-11T14:06:03","modified_gmt":"2017-02-11T07:06:03","slug":"let-the-councils-build-homes-again-and-fix-our-broken-housing-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/let-the-councils-build-homes-again-and-fix-our-broken-housing-market\/","title":{"rendered":"Let the councils build homes again and fix our broken housing market"},"content":{"rendered":"


\nSajid Javid admits we need 275,000 new homes a year, but if local authorities borrow to build they are branded as irresponsible socialistsIt is one of the great insanities of our age. The government can borrow money for the long term more cheaply than at any time in centuries. At the same time, councils and housing associations are screaming out for long-term funds to build the homes Britain desperately needs. Instead we are in gridlock, with the communities secretary Sajid Javid issuing a white paper that acknowledges the housing market is \u201cbroken\u201d, and which admits we need to build as many as 275,000 homes a year compared with the 190,000 last year \u2013 but then only think of fixes that do not involve borrowing a penny.Local authorities have excellent credit ratings and could use these to issue 30-year bonds on rates possibly as low as 1.5% to 2% interest. When private individuals borrow to do the same, with buy-to-let mortgages, they are praised for \u201cinvesting for their future\u201d and \u201csecuring their pension\u201d. But if local authorities \u2013 who can borrow more cheaply than private individuals \u2013 try to do the same they are branded as irresponsible socialists. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Let the councils build homes again and fix our broken housing market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sajid Javid admits we need 275,000 new homes a year, but if local authorities borrow...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-43779","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bo7","jetpack-related-posts":[{"id":69734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-crisis-we-will-borrow-to-invest-in-new-homes-says-sajid-javid\/","url_meta":{"origin":43779,"position":0},"title":"Housing crisis: we will borrow to invest in new homes, says Sajid Javid","date":"October 22, 2017","format":false,"excerpt":"\r Communities secretary calls for \u2018big increase in all types of home\u2019 including social housing and shared equity homesThe government will partially reverse its austerity doctrine by borrowing to invest heavily in new homes and associated infrastructure to tackle the housing crisis, Sajid Javid has said.The communities secretary revealed there\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83617,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sajid-javid-faces-battle-over-4-affordable-homes-in-sainsburys-scheme\/","url_meta":{"origin":43779,"position":1},"title":"Sajid Javid faces battle over 4% affordable homes in Sainsbury's scheme","date":"March 24, 2018","format":false,"excerpt":"\r Housing secretary approved 700-home development in Ilford which has 50% affordable housing policyThe housing secretary, Sajid Javid, is facing a legal challenge after he approved a 700-home housing scheme by the supermarket chain Sainsbury\u2019s, which includes just 4% affordable housing.The 29-storey development in Ilford, east London, will be built\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43183,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-market-is-broken-government-admits-in-white-paper\/","url_meta":{"origin":43779,"position":2},"title":"Housing market is 'broken', government admits in white paper","date":"February 7, 2017","format":false,"excerpt":"\r Sajid Javid admits ownership is \u2018distant dream\u2019 for young families as he aims to encourage home building and help rentersEngland\u2019s housing market is broken, the government has admitted, with home ownership a \u201cdistant dream\u201d for today\u2019s young families, as it unveiled a white paper promising a fresh wave of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66804,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sajid-javid-should-give-councils-free-reign-to-tackle-rogue-landlords-robin-wales-john-healey\/","url_meta":{"origin":43779,"position":3},"title":"Sajid Javid should give councils free reign to tackle rogue landlords | Robin Wales & John Healey","date":"September 19, 2017","format":false,"excerpt":"\r In Newham, the council\u2019s licensing scheme for private landlords has uncovered abuses and exploitation. So why isn\u2019t the government interested?Sir Robin Wales is mayor of Newham and John Healey is shadow secretary of state for housingA mother with a baby charged \u00a3350 a month in rent for living in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72047,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philip-hammonds-local-council-fails-to-build-enough-homes\/","url_meta":{"origin":43779,"position":4},"title":"Philip Hammond\u2019s local council fails to build enough homes","date":"November 17, 2017","format":false,"excerpt":"\r Runnymede among 15 to be given ultimatum by Sajid Javid over housing plans\r \r Source : ft.com\r Read more...Philip Hammond\u2019s local council fails to build enough homes","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75030,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sajid-javid-promises-to-liberate-leaseholders-from-feudal-practices\/","url_meta":{"origin":43779,"position":5},"title":"Sajid Javid promises to liberate leaseholders from 'feudal practices'","date":"December 21, 2017","format":false,"excerpt":"\r Communities secretary says new rules will make extending or buying a freeholdLeaseholders are to be freed from \u201cfeudal practices\u201d in the property market, according to the government minister responsible for housing, with new rules to make extending a lease or purchasing a freehold \u201cmuch easier, faster and cheaper\u201d.Sajid Javid,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43779"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=43779"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43779\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}