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jjeffery worboys
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Comments by "jjeffery worboys" (@jjefferyworboys8138) on "Andy Burnham: 'Government need to wake up to the full scale of the housing crisis'" video.
A fact that few seem to have grasped is that increased borrowing costs also effect developers. This combined with falling prices and reduced demand, results in less profit and what incentive is there for a developer if they can't make a decent profit. Better to sit on the land and wait for the market to bounce back.
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@miles-thesleeper-monroe8466 Slums ?
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Why build if it's not profitable which is exactly what will now happen with increased interest rates, less demand and falling prices ?
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