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Oh snap! UK Prime Minister Theresa May calls June election

Anonymous Coward
Anonymous Coward

"It's good news for everybody except housing developers, or the rich with "buy to let" portfolios which would then devalue somewhat."

It would have to be social housing to be effective - like the postwar housing developments. Apart from some "flat in the sky" projects many of those developments were solid and neighbourly - even if on the edge of town.

A recent survey of new housing showed that a large amount was being bought by overseas investors - especially with the drop in value of Sterling. They weren't necessarily even renting it out - just a safe place to keep their money. Can't remember the source - but the calculations were that no matter how many new houses were built for sale - they wouldn't change the un-affordability for most people in this country.

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