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Isn't that a large issue in their housing market at the moment? I believe many developers have run out of money due to the pandemic and their residential buildi
by smith7018 4y ago
Isn't that a large issue in their housing market at the moment? I believe many developers have run out of money due to the pandemic and their residential building projects have staled out. A lot of everyday people have seemingly lost all of their savings through these schemes.
- jahsome 4y agoThey're spending all their savings on a Costco run?
- bluGill 4y agoThe large issue is the land where people want to live is already filled, and nobody is allowed to build larger on that land. Houses next to each other can be turned into apartments quickly and easily, but the law won't allow you to do that. In the exurbs houses are on lots large enough for an apartment on their own - and exurbs from the 1970s are not just regular suburbs. Sometimes an investor will buy a house and wait until the others next to it are sold and then turn the 2-6 lots into one apartment. However they are not allowed to do that.