Monday, December 24, 2018

the housing bubbles



The houses are left unsold
It runs into billions of unlocked funds
Now who are to blame for this housing situation?
It could be the developers

The prices are set too high
In the current economic situation
The people aren’t going to buy
The uncertainty rings in their heads

There must be a study
Before any houses or shops or offices are built
In a given situation a developer must know
The past records will show the way

Even in a major town
There are many shop lots unsold
Yet the developers keep building it
They think people want to buy?

The town and city councils will approve
They will want to collect taxes
It will beef up their finances
But they should advice the developers

Now all the unsold units
Should put in a new company
Issue shares for the sales
It may help to unlock the funds

Or sell at a discounted price
The developers hiked up for profits
By lowering it, the houses may find buyers
And open it up to the foreigners on leasehold units

The housing bubbles
It slowly creeps into our scene
PH has to find ways to help
Of the virus left behind by Bee Anne


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