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I genuinely welcome any effort to help the affordability of living in Guernsey and affordable housing seems to be at the top of everybody's list. I sense at least a few 'flaws' (or at least areas for greater explanation) in the 'forcing' of developers to provide affordable housing... 1. Who defines the value of what is 'affordable'? A struggling young family on below average wages may not find the pricetag particularly appealling on a £375,000 house with 2 bedrooms (Example: Clos de Pecqueries) Whereas a single finance professional on £100+K yearly income shouldn't have too much trouble... 2. What controls are in place for the re-sale of these properties? If the first purchaser of a new property (at subsidised rates) then proceeds to sell the property 5 - 10 years later at full market value, they make a mint on the profit and it no longer benefits any further purchasers. 3. If developers are forced to sell a certain number of houses at a lower price - do you really think they will be built to the same standard as the other houses in the same development? No one wants to be the pauper in the 'house-that-jack-built' in the bottom corner of the estate... (for want of a better phrase)
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