I can enlighten recent correspondents who have asked the question, "what is affordable housing?"
The answer is quite simple. As a building society loan is normally equivalent to say three-and-a-half or four times salary and the local average salary per year is around £15,000, "affordable" can readily be identified as between £53,000 and £60,000.
I am sure many prospective home buyers in our city must be awaiting the completion of the "affordable" section of the proposed King Alfred development, for example, with almost uncontrollable excitement.
-Glen Bruce, glenbruce@glenbruce.f9.co.uk
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