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In that case, £2.7b covers 10,384 homes. On the flip side, half a million homes at £260k a pop is £130,000,000,000

500,000 homes at £60k a time works out at 30,000,000,000. £2.7b would get you 45,000 homes at the £60k she quoted, although a three bedroom home built of masonry costs around £160k according to this website. At that price, £2.7b gets you 16,875 homes.