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Affordable Housing in London-
Who Really Wants It?
CHAPTER ONE:
INTRODUCTION: CONTEXT FOR RESEARCH AND RESEARCH QUESTION
1.1 Arguments and Discussions
A report published recently by the Greater London Authority on the problem of affordable housing in London in June 2005, revealed that the issue of affordable housing (Karn and Wolman, 1992; p.16) was the most pressing matter Londoners wished to see dealt with in terms of improving London as a place to live (Greater London Authority, 2005; Section 2.3). The Barker Review of Housing Supply, not only supported this viewpoint, but it identified housing as a basic human need (Barker, 2006; p.1).
Affordable housing in London is therefore a controversial and highly topical subject at the moment (Karn and Wolman, 1992; p.16) (Barker, 2006; p.7). The debate surrounding it is underpinned by various political, sociological, economic and financial factors (Greater London Authority, 2005; Karn and Wolman, 1992; p16 (Rugg,1999; p.19). This thesis will examine why there is an affordable housing shortage; who really would benefit from affordable housing and what sectors of the population are affected by problems associated with affordable housing. The concept of 'affordable' and who really wants it will be examined in detail, since the notion of affordability is essentially so subjective that it is open to interpretation on many levels. 'Affordability' as a concept, will therefore be examined from an ethical point of view; from an economic point of view and finally from a sociological and political point of view, since these viewpoints will all constrain and influence the ultimate interpretation of what it means to be affordable.
The thesis will attempt to discover if any agency or individual may be blamed for problems associated with affordable housing in London and the policy context this relates to. Historical factors such as Thatcher's ‘Right to Buy' policy (Evans, 2004; p.20) will be examined as well as contemporary initiatives such as equity loans for certain keyworkers' schemes (Greater London Authority, 2005; Sections 5.16). Where historical issues have impacted the contemporary manifestation of issues connected with affordable housing, these will be analysed.
Specifically, the thesis will examine contemporary and historical issues relating to affordable housing through two in depth case studies. One will be on the subject of the ‘Right to Buy' policy introduced by Thatcher and the other will relate to the definition and depth of debate contained within the idea of affordable housing. These two in depth case studies will be examined qualitatively and will be referred to throughout the thesis. There will also be an economic analysis of the problem of affordable housing, and ideas such as artificially controlling the prices of houses in London will be considered.