In a report in today’s Times it was reported that 1000’s of acres of public sector land that is deemed surplus near hospitals, schools and military bases must be identified by the autumn of this year to enable a potential sell-off. Part of the proposal is a ‘Build Now, Buy Later’ plan whereby developers can pay for land once homes are completed. It is not clear in the article whether this means physical build completion or legal sales completion. The only way it would help developer/builders with a cash-flow problem is if it were the legal sales completion where money changes hands from buyer to seller. Let’s just look at the ‘headers’ again: · Housing Shortage · Surplus Land · Developers/Builders with cash flow problems. There is a housing shortage that is true. It was talked about before the more recent implosion of the financial system...
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