From The Evening Standard:
THE Government abuse of the word "affordable" knows no bounds. Describing starter homes, which will cost up to £450,000 in London, as affordable is not just dishonest, it actually damages the city's housing market.
It's easy to claim you're building a record number of affordable homes when you pretend that homes costing almost half a million are such.
Tom Copley, Labour's London Assembly housing spokesperson
Not the most original thought, but one that must be repeated every time the government talk about "affordable" housing. I'd consider something like £150,000 for a house or £100,000 for a nice flat to be at the upper limit of affordable, i.e. three times earnings.
And it's not like things were better when Labour were in charge (London Mayor until 2008; national government until 2010).