What happens to East Anglia if Forest City doesn't get built?
@shivmalik explains.
The government is already planning to build 366k homes in the area over the next 30 years, so if Forest City doesn't happen, a similar number of homes will be built, but with zero infrastructure.
Forest City is the best way to solve the region's water, transport, healthcare, and investment issues. The alternative is that the existing infrastructure gets stretched further and further.
Why didn't the country build enough homes for us?
@isnit0 explains.
In 1968, Britain completed around 400,000 homes in a single year. Half of them public. A whole generation walked into cheap housing that the state had built for them on purpose.
Then it stopped. Right to Buy sold the stock and never replaced it. Councils were banned from borrowing to build. What was left was a planning system that hands every existing homeowner a veto over the next house.
Output halved. It has stayed halved for forty years, through a population rise of over ten million.
Here's the part nobody says out loud: the generation that got the cheap housing became the reason it ended.
40% of your income to a landlord, your first child at 35, and a country that quietly decided the housing ladder was for the boomer generation only.
It's not fair.
@semaphorist@shivmalik Hi David - the "forest" in the name is actually referring to classic English Woodland, which includes wetlands, etc. not thick trees.
You can read a bit more about it here: https://t.co/JhCS7Wt5jI
Joe took to the streets of London to ask people a simple question: Should we build more houses?
We received a huge range of answers, but one thing everyone agreed on is that there's a serious problem that needs fixing.
Comment below - do you think we should build more homes?
Britain is building a new city. Where? How many people?
@isnit0 answers your questions.
Forest City will be built just east of Cambridge, on around 45,000 acres of land between Haverhill and Newmarket in Suffolk.
How is it possible to build a 4-bed house for £350k?
@shivmalik shares how.
A four-bed family home in Forest City is expected to sell for under £350,000, for comparison, the average terraced house in Cambridge - 22 minutes away by rail - costs £494,000.