Boris Johnson speech on cost of living crisis

The video discusses strategies to unlock small sites for development, focusing on first-time buyers and key workers. It highlights the support for self-build and custom homes, and the use of existing planning rights to convert disused agricultural buildings into homes. The video also addresses the financial challenges faced by first-time buyers, noting the significant increase in housing costs relative to income over the years. It emphasizes the difficulty of saving for a deposit due to rising house prices and the global cost of living, and suggests making mortgages more accessible.

What are some of the challenges facing first time buyers today?

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How has the average cost of a home changed from 2002 to today?

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What factors contribute to the unrealistic deposit requirements for first time buyers?

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What is the significance of the rising cost of living for first time buyers?

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In what ways can the government support first time buyers according to the text?

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