Sandgrown Dave wrote:OK, so you see beleaguered developers having no option other than to beg for release from onerous constraints so that they can eke out a fair return on their investment. I see them signing up for projects with the cynical intention from outset of later using financial sophistry to renege. Probably we'll have to agree to differ.
Sandgrown Dave wrote:Well, speaking for myself, I'd rather my money wasn't used in unethical and socially destructive ways and I'd be content to see a slightly smaller return if that was the price to be paid. Sadly, the way that capitalism is currently organised, my opinion isn't sought.
Sandgrown Dave wrote:Offhand I can't think of any examples in Southwark of luxury developments and new housing for ordinary folk springing up alongside each other, the latter financed by the former. Can you? Happy to be proved wrong.
sjac - The One Tower Bridge development is the obvious example.
Ah, you got me there. I should have framed my question more carefully. Whilst it's in Southwark, the social housing at One Tower Bridge is City of London, not Southwark Council. Any others?
Sandgrown Dave wrote:Agreed, for me a major part of SE1's appeal is that there is (despite everything) quite a mixture here. However I honestly don't think there's much danger of the needs of the fairly prosperous being ignored.
MiltonF wrote:What would be the rent on the two bed next door in the social housing building?
Karen I wrote:All this land that Southwark Council owns, is it occupied? It seems to me that they are scrabbling round looking for spaces to build on. Either that or they can't be arsed to rush because I don't see then spending much of that 'in lieu' money in building new housing stock.
sjac wrote:Or - wild idea - just sell them and buy twice as many local older units in the private market (such as the many ex-council units that were acquired through right to buy).
MiltonF wrote:So in the new social flats next door to the Valentine for a two bed the price difference is £1,867 per month. Knock of say another 25% as they won't be as big or as nice inside, that still gives you a discount of £1,400 per month, which is £16.8K after tax income, which is not ever means tested and the lease is for life. Nice work if you can get it.
sjac wrote:but these affordable homes don't have to be the ones that are newly developed!
Paramount wrote:Which part of Battersea are the luxury flats and massive Waitrose situated. I havent spotted from train journeys
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