Local Government Financing - The Biggest Saviour

A lot of these assets aren't earning any money. People are financing them, but they're just held empty. And that means fewer jobs, and it means that savings assets are not created at the same rate as before. Biggest saviour here will be probably local governments,. a selling land to local government, financing vehicles, who will then build low income housing. That will create jobs. It'll create spread and perhaps they will rent those to low income households on a kind of a rent to own basis. But i don't think that we're going to see a return to people buying five or six apartments in a project because they can expect property prices to rise 15 % a year for