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Plymouth Council Gambles On The Property Market

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As in they are the greatest fool?

Absolutely.

“But it is absolutely right we look at whether we can invest a small proportion of our capital in the UK property market - as other South West councils are already doing – against low returns on cash deposits.”

When councils become property speculators with public cash, which itself has to be a conflict of interests for the people they should be providing housing and other services for surely? , something is telling me this is not going to end well for the tax payers.

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excellent as prices in Plymouth/Devon are falling, this should nicely accelerate the HPC as its inevitable that plenty on the council will be loosing jobs from this mistake, through pissing 30 mil down the drain.

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