Thursday, Jun 19, 2008
Why housebuilders are facing a severe crunch
MoneyWeek: Why housebuilders are facing a severe crunch
Housebuilders made the same mistakes buy to let landlords did – they bought land thinking that prices would never fall. Now the land is worth a lot less, and the banks are on their backs...
Posted by damien @ 12:16 PM (386 views) Add Comment
1 Comment
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1. drewster said...
But land prices always go up!
"Buy land, they're not making any more of it" - Mark Twain (allegedly)
What a load of balls that turned out to be....