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I don't live in Britain and I don't know why too few houses are built there. I know something about the place where I live, which I'll not name because I don't
by Arnt 3y ago
I don't live in Britain and I don't know why too few houses are built there.
I know something about the place where I live, which I'll not name because I don't think it's that special. Specifically, that houses are built if that seems profitable, or at the very least if the bank thinks the builder can earn enough to pay back the loan.
The organisation that build/rebuilt/renovated the buildings across the street from me expected to earn that investment back in very roughly half a century. They considered it possible that they'd earn their investment back in 30 years, but unlikely. They managed to secure financing, though, and did the building. Not sure how they plan to pay the bank on time.
You'll not be surprised to hear that this place too suffers from a lack of newly built housing.