T10, people mention Housing Bubble, ?? vs Land price Bubble
Im a house Builder, Im not building right now because land is so expensive.
Its alomost imposible to make a profit building and selling a house due to the cost of land , and also the high non-tangible costs involved with applications for approval etc.
So dont you think we actually have a land Price Bubble instead, because its not possible to build cheaper houses, most builders have tiny margins.
Ann: Half Yearly Report and Accounts, page-73
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