Well, don't say the Rat and Mouse didn't warn you. This... from the Rat and Mouse, May 2006:

There's been some confusion about the £60,000 home... with some people believing that the figure represents a magic number for affordable housing. If it costs £60,000... hey, I'll have two. Just a reminder - the £60,000 is how much it costs to build. Which just could end up meaning happier developers, not happier ftbs.

And this... today, in the Daily Mail:

John Prescott's flagship scheme to build affordable homes for just £60,000 has been exposed as a sham after the first properties went on sale - for at least £175,000 each.

This is what John Prescott had said about the scheme:

By separating the cost of the land from the construction price, we have shown that it is possible to build a home that first-time buyers can afford.

It's possible. Or one could just squeeze a few tens of thousands of pounds of profit out of the whole experiment.

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