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>> why should someone be 'investing' in newbuild Apartments they won't live in, what value does that bring to the economy? it funds their construction and land
by option 4y ago
>> why should someone be 'investing' in newbuild Apartments they won't live in, what value does that bring to the economy?
it funds their construction and land acquisition
- ClumsyPilot 4y agoSo does selling the apartment to future homeowners, which can be boosted by providing mortgages to young families. If the company needs finance it can produce corporate bonds, taking out loans, the state could provide funding, etc. What is the basis for claiming any more funding is required for their construction and aquisition? This 'investment' only drives up real estate prices, and as a result ever more money will be required for future land aquisitions. It is literally a system that easts itself.