New homes fig­ures just don’t add up

Kentish Express Ashford & District - - Points Of View -

I re­fer to your ar­ti­cle last week ‘Yet more houses’, where ‘coun­cil chiefs’ have been ‘told by the gov­ern­ment that they must build even more houses in the bor­ough’.

Firstly I would ques­tion whether such a di­rec­tive has been given, rather the up­lift has been prompted by a doc­u­ment called the ‘Im­pli­ca­tions of 2014-based Sub-Na­tional Pop­u­la­tion Pro­jec­tions and House­hold Pro­jec­tions – Jan­uary 2017’.

This has re­vised the hous­ing need up­wards de­spite the fol­low­ing is­sues.

The lat­est, (2015), lower quar­tile affordability ra­tio is now 9.6 times earn­ings, up from 8.15 in 2013 and get­ting worse.

Prop­erty for those who are start­ing out is be­com­ing in­creas­ingly un­af­ford­able and with fi­nan­cial in­sti­tu­tions un­likely to lend at more than say six or seven times earn­ings, how do young peo­ple

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