Essex_boy - 9:34 am on Mar 28, 2005 (gmt 0)

A question dear to my heart - i work in social housing.

Currently housing is very expensive, private developers that I work with are offering under the table discounts of around 10% as they are now unable to sell the homes they are building. On the projects I work with that at least UK£20000 - USD$30000 for a small flat.

Reality is starting to kicking.

Many people are unable to afford to buy so rent in the private sector, which is also expensive, quite often the gov will subsidise the rent with a contribution.

Our current gov is building vast amounts of social housing at low rents which I hope will reduce house price inflation.

An example I bought a mid terrace Victorian house in '97 for £40000 it has just sold for close £120000 eight years later. Madness.

In responces to wages, No wages are not vastly higher which is causing serious problems for a lot of people.