Thursday, June 19, 2008

Why housebuilders are facing a severe crunch

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 (703 views)
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One thought on “Why housebuilders are facing a severe crunch

  • 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….

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