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0 pointsGrimburger3y ago0 comments

It's happening right now in Australia, big builders are going bust leaving homes half finished or not built. Input costs have risen so much on fixed price contracts that there's really no other recourse for them.

Buying off-plan is common worldwide despite what others are saying in here.

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chii3y ago

The problem in australia is slightly different - the off-the-plan builds are paid pro-rata on the construction, not in one go.

So it's still a loss for those purchasers, but the builders don't get the full payment upfront like described in china.

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