ROBB
Active Member
As it says; How scary?????
http://www.fool.co.uk/news/investin...23/be-very-afraid.aspx?source=ioowfeml0040008
http://www.fool.co.uk/news/investin...23/be-very-afraid.aspx?source=ioowfeml0040008
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As it says; How scary?????
http://www.fool.co.uk/news/investin...23/be-very-afraid.aspx?source=ioowfeml0040008
He means we're all going to be bankrupt...living in a post-what-sit world (anyone seen Children of Men ?) with no money, food, House more less than we paid for it, or credit cards ! ( I think).
Happy thoughts for a Monday.....
what really happenned to Northern Rock?
At present, the building trade in going quite well.
maybe where you live. here in Birmingham i see masses of urban city living apartments empty. i have seen the first of the repossessed BTL apartments on the market at knock down prices. i see current projects put on hold. all on speculative greed that has seen the market dry up. this stems from a lack of confidence this is what has killed NR over what the last 18 months (god help you if you had shares in them a few years ago)
maybe the big ticket items such as 2012 - financied by the lottery (get rich quick any one!) and T5 at heathrow are still supplying well paying jobs but the Poles, Bulgarians and Romanians will be building the next round of public money backed projects (Matt lights blue touch paper and retires )
I can only really comment on the industry down n London and the surrounding areas, and even then I'm talking private commercial rather than the housing market. I'm guessing there have been plenty of property developers that have got their fingers burnt by greed!!!!
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