Sir, While it is good to see councillors like Michael Williams take a stand on social and affordable housing, the old cottage hospital site I have no doubt will be sold to the highest bidder. What Clr. Williams and other politicians seem to remain quiet about re. the housing problem, is why did the housing market explode to beyond local people's means of purchasing or affordable renting? For example, to purchase a property as advertised in the Observer (June 23) priced at £219.950 on the quoted local average of £21,000 per year would require a mortgage of 10 times your wage. I don't know anyone who earns that much in this county, or anyone who lends loans of up to 10 times; the current mortgage loan rate is totally insufficient. Until the politicians stand up and say no more high taxing of pension funds, people will continue to invest in property for a pension, until estate agents stop advertising properties as suitable for buy to let or investment, the next generations will slave away to satisfy these landlords.
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