NorthernDave
Never used Über Member
- Location
- The real Northern Powerhouse
Private Eye has had a reasonably long-running series about several of the housebuilders taking the mickey by delivering new-builds which are half-finished. It's not online, but a search should unearth a forum discussing it.
Our local councillor, who spent many years as chair of the planning committee, reckons that the big developers won't put a spade in the ground unless they're sure of a minimum profit of 25% on what they're building. The preferred profit margin is 33% or more though, apparently - to put that into simple numbers that's over £83,000 profit on a £250k house.
I'm struggling to think of any other industry with such huge profits on big value items like that.