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But who is going to build houses where house prices are declining? The private market certainly wont. And the stigma attached to public housing (especially thos

But who is going to build houses where house prices are declining? The private market certainly wont. And the stigma attached to public housing (especially those horrible slums of tower blocks) is still too fresh the nation's memory. Unfortunately, housing was only ever affordable when the govt built it. It had knock on effects into the private sector too making privately built homes affordable. But I just dont see people and politicians voting for this.

AnimalMuppet 2y ago
> But who is going to build houses where house prices are declining? The private market certainly wont. Of course the private market will, if it still can make a buck. Can it buy land, buy materials, employ builders, sell a completed house, and come out ahead? If yes, then houses will be built by the private market. They may wish they got last year's price for the new house, but if they make money with this year's price, they will still build.