Once again more than a little misleading from Shelter

posted by
December 21, 2016
Adam Smith Institute
by Tim Worstall  
Posted in Commentary

"Shelter tells us that all those nasty building companies are just buying land to sit on it. To watch it rise in value without their having to do any actual building of houses. Landbanking that is .... There is a basic logic problem with the initial allegation of course, which is that a company needs income and income is gained here by actually building a house that someone then buys. There won't be any profits or dividends unless something is actually sold." (12/20/16)


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