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Disagreeing with Dave
I would like to correct Coun Dave Merrett on what I believe to be misleading statements in his letter to the Press (September 24).
• Persimmon Homes latest profits are significant in that they are less than half of the average return on equity achieved during the 17-year period between the last two recessions.
• There is no proof that the council is dedicated to helping developers in York. Housing output in York has continued to decline since the 2008 recession started and the council have done nothing to help.
• Since 2008 only one major housebuilder has made a pre-tax profits of 20 per cent, and they only build in London and the south east. The council give the impression that they allow 20 per cent profits – they do not.
• The reduction of the affordable target from 50 per cent to 35 per cent greenfield and 25 per cent brownfield was not a response to the wider economic recession.
The council was obliged to reduce it in light of the viability study, and they delayed the reduction for years without good reason.
• The open book negotiation process is unfairly biased in favour of the council, which is why developers avoid it.
The Council’s housing policies are a failure, manifest by the number of stalled sites like Terry’s, Nestle, Hungate, Barbican and Germany Beck .
Paul S Cordock, Durlston Drive, Strensall , York.