Cambridge - absolutely shocking. ....snip....This subject makes me quite angry, actually.
1. Developers S106 agreements. Councils need to grow a pair in negotiations and need to learn how what a decent contract looks like. They are depressing frequently commercially incompetent.
2. Affordable housing. Don't start me on this one. Seriously, don't! There are two core reasons why housing is unaffordable. Firstly, we don't build enough of it (which is why Northstowe and the other necklace developments around Cambridge are a Good Thing). Secondly, subsidised lending of money. Houses would a damn site more affordable if the government didn't keep pumping them up with practically zero interest rates, HTB1, 2, n, n+1 etc.
3. Transport at Northstowe. I can't remember too much detail - but, IIRC, the internal roads are practically all going to be "Homezone" style 20mph roads with ped/cyclist priority. And the guided bus was build in preparation for Northstowe et al - a good example of getting the infrastructure in first, I think.
4. Investment Properties. I'm not convinced this model of ownership is a problem per se. They're rented at market rents (by definition - not double!) and provide maintained accommodation - with all the capital risk lying elsewhere. However, when combined with low interest rates (see above) and housing benefit they *do* push up prices - but it's not the ownership model on its own.
You obviously know your stuff on this but what is meant to happen and what actually does is not always the same.
1 - couldn't agree more!
2 - it's not the fact of whether or not 'affordable housing' is a good thing or not - they were awarded the contract on the understanding that they were going to build it. 'We won't make enough filthy lucre from selling those houses' is not a good enough reason to change the plans after the contract is awarded. 'Affordable' in Cambridge still means 250 grand+ anyway, just some of the money is from the government in various dodgy schemes, so how are they not making a profit on that?
3 - the guided bus will have to be extended to Northstowe, it doesn't go there now. Home Zones are all very well but when the nearest shop, pub, doctor, secondary school, sports centre, community facility of any kind is ten miles away, people will drive. All of them. None of those things will be built until right at the end, as grudgingly as possible (see also: Cambourne, which waited nine years for a pub).
4 - nothing wrong with investing, but crappy flats that have been built specifically to sell to investment
companies (I'm not talking about the individual with one extra house to fund their retirement) are crappy, and Cambridge city is over-run with them.
Anyway, none of this matters very much from my point of view as I live in Newmarket, which has the opposite problem - the racing industry won't let anyone build anything! But the houses are cheap.