Reply To: Big developer sales plunge 74% in Q1

#82967
Fuengi (Andrew)
Participant

they should bail out the developer. If these businesses go under, the knock on effect ill be horrendous.

BUT this should not simply be to throw money at them, the gov. should buy these developments of them at cost and simply resell them as VPOs.

I know from certain people that even when developers build VPOs there are healthy profit margins and the selling prices are around 120.000 and they are good quality with pool, gardens, garages, etc…

Its not our problem these developers were too greedy.