From: hex@unseen.ac.am 
  
 On 08/09/2025 12:43, Roland Perry wrote: 
 > In message , at 12:16:57 on Mon, 8 Sep 
 > 2025, Norman Wells  remarked: 
 >> On 08/09/2025 10:59, Roland Perry wrote: 
 >> 
 >>> Near where I live is a green-field site with planning permission for 
 >>> five or six detached homes. Two previous developers have thrown in 
 >>> the towel, not having got beyond the foundations (but no roads). At 
 >>> the latest asking price for the land, nobody could build a house and 
 >>> make any profit at all. So nobody is. 
 >> 
 >> It's the free market in action.€€ It will all balance out when supply 
 >> matches demand. 
 > 
 > In the mean time there's five or six houses which will never get built, 
 > because the cost of doing so is more than the market price. 
  
 Fine.  Demand at that 'market price' is clearly being met elsewhere by 
 supply at that price, so no more supply is needed unless you want that 
 price to reduce.  Which would be an even greater incentive not to build them 
  
 If they can't build them and sell them at a profit, their business 
 strategy is wrong.  They presumably bought the land at a price too high 
 to make it work. 
  
 Sorry, everyone makes bad decisions from time to time. 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2)