Saturday, Jun 14, 2008
Does anything that GB promise materialise?
BBC News: New homes target 'will be missed'
"We've not seen anything like this post-war," he said. "It's essentially a financial crisis, more like 1931 than anything else that we've seen.
"House builders are not going to be starting new sites, they're going to be laying people off, they may even be mothballing sites.
"It really is on a scale we've not seen before."
Posted by flintster1994 @ 08:53 AM (569 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. hpwatcher said...
Brown is full of the Brown stuff.
2. uncle tom said...
As a rough ball-park, every home not built per annum means two fewer construction jobs.
That does not mean two guys on a one-way ticket to Warsaw, as they are happy to work for less dosh. It'll be the British brickies who get laid off first, and they won't be very happy about it...
3. Mark said...
"Andrew Teacher, from the British Property Foundation, told the BBC that investment for new homes would only be found if the UK switched from an owner to a rental model of housing."
I think he means he believes or hopes there may still be some BTL investors mug enough to pay silly prices for houses. Trouble is, lenders have twigged the game is up.
4. Letsgetreadytotumble said...
Why don't the BBC allow comments.....................I wonder.
5. denzil said...
"Does anything that GB promise materialise?"
Sorry, no it doesn't.