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I've heard descriptions of large housebuilders in the UK that sound similar - actually building houses is difficult and tricky because you have to actually keep
by arethuza 2y ago
I've heard descriptions of large housebuilders in the UK that sound similar - actually building houses is difficult and tricky because you have to actually keep end customers reasonably happy whereas much easier to just treat the land you own in "land banks" as speculative assets and base your business mainly around trading those.