housing crisis you will never have enough homes

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housing crisis you will never have enough homes

Post by Admin on Fri Sep 22, 2017 9:31 am

As matters stand, it seems the UK will never build enough houses for those who need them – and young people will never be able to afford them anyway.

The problem lies in the fact that house prices have been allowed to rise. Homeowners now have a huge investment tied to the price of their property – but one that could fall in value if new, and cheap, houses are built.

And developers know they will lose profit if the build too many houses because this would allow prices to drift downwards.

http://voxpoliticalonline.com/2017/09/21/heres-why-the-uk-has-painted-itself-into-a-corner-with-the-housing-crisis/
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