Oswaldtwistle said:
I'm no fan of Monbiot, but I've just read this on his blog. Pillory me for my suggestions, call me everything from a cat to a dog, but I insist you read the below piece first
http://www.monbiot.com/archives/2007/11/27/three-million-homes/#more-1093
Two bedroom flats in Kensington and Chelsea- great for young professionals. Maisonettes in Wandsworth- a home for a young couple. This stuff must be worth millions. Yet it is totally unfit for the purpose it is currently being used for- housing the disabled and large families.
So would it not make sense to sell this this stuff off on the open market and use the money to build houses (proper houses with gardens) elsewhere in the UK?
Interesting post.
I'm involved with a housing association with a modest number of units (around 2000) in central London. It's a real issue for our housing services division, who have the responsibility of maintaining these properties.
These flats are generally small. They are generally old. They are generally very expensive to maintain to what many people would consider a half-decent standard, principally because of their age and the fact that each property is different (no economies of scale to be gained, unlike refurbing a large estate, for example). Because of their location they could be sold for (in most cases) between £400k > £1mill plus.
There is a massive temptation - and a compelling business case - to gradually sell off this stock and build modern, purpose built social housing on the fringes of London with the money.
Couple of problems with this:
1) you are, almost literally, selling off the family silver. Once it's gone you will never, ever get it back. That is the reality.
2) what will remain are enclaves where only the super-rich can buy - no diversity of tenure here
3) the less well-off will be excluded to the margins of London which, if they work or study in London (as many do) will impact on their quality of life.
On the upside:
1) you can house many more people than would otherwise be the case, in accommodation more physically appropriate for their needs
2) maintenance is cheaper, and therefore accommodation can be kept to a higher standard more easily
3) modern buildings are way more efficient and environmentally friendly in terms of power consumption, insulation and so on.
Hobson's choice, really. Lobbying for increased funding for housing associations operating in central London (to recognise the expensive peculiarities of operating in this area) would be a start.