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Housing corporations demolish cheap homesWednesday 02 December 2009 The country's biggest housing corporations removed 11,000 cheap homes from their books last year, according to research by the Volkskrant. The 25 big corporations reduced the supply of homes with rents below €350 a month by 55 to 221,000 last year. At the same time, the number of more expensive rents rose 13% to 43,000, the paper said, without defining 'expensive'. Housing corporations argue it is no longer cost effective to offer cheap houses because they are too expensive to maintain. Forced But housing activists say locals are unhappy about the way their neighbourhoods are being demolished. 'Many people don't want to leave their homes but are forced to do so by the corporations,' said René van Genugten of the tenants' association Woonbond. Corporations have to offer tenants equivalent housing in the same neighbourhood or elsewhere if their homes are scheduled for demolition. The Socialist Party claims in the Telegraaf that 190,000 rent controlled properties have been demolished over the past 20 years. © DutchNews.nl Get the DutchNews.nl newsletter in your mailbox: Click here to subscribe
Those corporations like the tax breaks they received all those years ago. Now they want to do the same thing over again but by building new residences. They made millions off the poor now they will hire the poor to build their new homes for twice the cost. Corporations are "Monarchies" and get to do as they please as long as the politicians get their cut. When they make a mistake they fight criminal judgments for decades, they have the money so they have the power. Where is Gandhi when you need him?! By Paul Martin | December 2, 2009 12:31 PM So, the whole housing & homeless problem could easily be resolved within a year by rebuilding the 190,000 home they have demolished over 20 years. By Gerard | December 3, 2009 4:25 PM Place your comments: |
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Someone explain the economics of this for me? If you have to provide equivalent housing to the tenant, then what are the cost savings after you demolish and rebuild? Or does "equivalent" mean same size but higher rent?
We're in temp housing that is going to be demolished next year. Curious as to what the housing corporation will replace it with...
By CW | December 2, 2009 8:07 AM