At 30k a plot and 100k per home to build, the required Gross Figure would be £20,800,000,000 that’s 21 Billion Maybe Neil Ferguson did the Cost modelling, maybe not? his estimates are usually high by a factor of 10.
It seems that Richi is budgeting from the Black rock “going direct” playbook.
“..housing, which has gone up – it’s the most rapid increase, over 10 per cent in the last year, that’s essentially because Black Rock has said, the era of rising into the middle class by getting home ownership is over.
All of a sudden you’re going to have a concentration of home ownership in the hands of large corporations. And the middle-class ideal of home ownership is going to be squeezed out.” Professor Michael Hudson . Quoted from Not The Grub Street Journal
