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Richard Little: A Macro View 2023 ... How Builders Go Bust.

Paul Lanfear Property & Investor Podcast

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The Immorality of Lenders

A lot of new lenders to the development space don't know how to handle one when it goes wrong. So they're stacking up all these deals in a row and perhaps under resource, if you've alluded to capital as well. And this is where we see, I don't know what you call it, immoral lending to a site. They want your development to go go and go smoothly because it makes it easier for them. But ultimately, they don't really care either. It generally comes down to how the deal has been done and the finances of the deal. How many people say how much something's going to cost? You don't actually know until it's done!

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