Friday, 10 December 2010

Repairing Homes Yes - Building As Well, Now That's Another Question













When you employ contractors to carryout work, there should be good relationships, but not too cosy, as at the end of the day there needs to be a business relationship, if they aren't doing what you want, then tell them and if need be perform a financial penalty.
However, whilst I applaud Birmingham City Council for wanting to build more homes for its residents, going in to a partnership with the housing repair contractor who already has two out of the three repair contract areas, meaning over 75% of the housing stock to repair already is a little foolish.
Whichever officer thought this scheme up, clearly doesn't see the full picture. Last week I wrote about using financial institutions, similar to Pension Funds, who want a long term investment opportunity, say twenty to thirty years, with an outlay in bricks and mortar now, over the next fifteen or twenty years the investment will double, probably treble and may even quadruple in value as house prices have done over a similar period in the past. This has to be the way forward in affordable housing in this city, it's worked in the past and I can't see why it shouldn't work now.

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