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England worst place in developed world to find housing, says report
(www.theguardian.com)
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this post was submitted on 05 Oct 2023
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Okay, but how does it work when a company owns a house? If a property developer builds a load of houses, wouldn't they be incentivised to sell the house for more to recoup the penalty to them?
I think if it's a first time build you could work something out to not punish developers for building houses which take a little time to sell, but you'd also want to avoid developers building and sitting on properties. That will probably already happen though as they'll want to recoup construction costs asap I imagine. For portfolio property buyers they'll be incentivised to sell which is only a good thing.