Will Labour’s housing targets solve London’s housing crisis?
We ask Londoners whether the 1 and a half million new homes promised by Labour will help people in the capital to buy a home.
Transcript
00:00It would certainly help the housing crisis, whether it's plausible or not, I have no idea because I'm not an expert.
00:07And I don't think people who aren't experts should be commenting on that sort of thing.
00:11I believe that house building targets are great, but the houses that are constructed have to genuinely be affordable.
00:17They cannot simply sit within a percentile that is judged as affordable by a sort of mean average or whatever,
00:22but is actually not accessible to the vast majority of first-time buyers.
00:26Affordability exists on a scale.
00:28If the average price of houses right now is absolutely astronomical,
00:35and houses are built that qualify as affordable because they are, say, 50% cheaper than those houses,
00:40if that 50% is still in excess of $300,000 or something like that, it doesn't mean anything.
00:45Although the member of our family who's in the most difficulties got sorted out very, very quickly by the council
00:54and we're building some emergency housing with a little boy.