minus-squareBuckshot@programming.devtoUnited Kingdom@feddit.uk•‘The market is dead’: why aren’t flats in England selling?linkfedilinkEnglisharrow-up8·2 days agoAffordable houses are a scam as well. Most people think it means, a house, that is affordable. Instead it’s usually a shared ownership thing so it’s still stupidly priced but you can buy 25% of it. New development near us the affordable houses were 25% of a 2 bed semi for £100k. Then you get to pay £800/month rent on the other 75% while being 100% responsible for all the costs and maintenance. linkfedilink
Affordable houses are a scam as well. Most people think it means, a house, that is affordable.
Instead it’s usually a shared ownership thing so it’s still stupidly priced but you can buy 25% of it.
New development near us the affordable houses were 25% of a 2 bed semi for £100k.
Then you get to pay £800/month rent on the other 75% while being 100% responsible for all the costs and maintenance.