One of the numbers mentioned was a possible £15bn investment fund for new housing, and another £15bn one for renovating/replacing existing. Not sure that I believe those numbers but it is on a suitable scale.
They admitted that it was mainly about securing stable income for their pensions and that UK housing looks a good place to invest, which is true if they can fix planning and not get nobbled by politics.
The idea seems to be offsite pre-build with no trades involved at all. Which sounds like a suitable way to take out cost, but whether they can get cost below £1000 per sq.m and stop it looking like Levitt Town UK will be interesting. They claim to have studied best offsite manufacturing practice.
I think this is what Mr Osborne has been hoping for.
Quite how they will deal with the Planning System will be interesting.
Interview here at Today Programme 6:25 ish 24/2/2016 when it appears:
(Levitt Town Pennsylvania: https://en.wikipedia...LevittownPA.jpg). There are some interesting features of Levitt Town, such as attics to be expanded into later, floor areas of 700-1000 sqft, prices to set mortgage costs at rental levels, no-down payment mortgages, and population densities of 7,500/sq mi..)
Article about Levitt Town New York: https://en.wikipedia...ttown,_New_York
Edited by ferdinand, 24 February 2016 - 07:01 AM.
sqm to sq.m