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#1 hotairmail

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Posted 09 January 2013 - 12:56 PM

You can't say they lacked focus.

Buy-to-Let creates its own demand.

 

Every property 'snapped up' turns a potential homeowner into a renter.


#2 Gone baby gone

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Posted 09 January 2013 - 01:01 PM

Gutted that nothing developed for them, especially after the flash of hope when they did their debt-equity swap.

#3 Dorkins

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Posted 09 January 2013 - 01:09 PM

After all these years they'll be closing the shutters for the final time.

#4 yellerkat

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Posted 09 January 2013 - 01:11 PM

Flash news: Jessops on the verge of administration

Posted Image


#5 JPJPJP

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Posted 09 January 2013 - 01:12 PM

very recently opened a shiny new store in York, consolidating from 3 not long ago to 1

not seen many punters queueing to get in yet though

Edited by JPJPJP, 09 January 2013 - 02:09 PM.


#6 Bloo Loo

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Posted 09 January 2013 - 01:13 PM

we need a snapshot of their balance sheet.
WARNING

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it





#7 hotairmail

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Posted 09 January 2013 - 01:16 PM

Flash news: Jessops on the verge of administration


It's a developing story. I don't think they'll be able to put a gloss on it.

Edited by Thomas Paine, 09 January 2013 - 01:19 PM.

Buy-to-Let creates its own demand.

 

Every property 'snapped up' turns a potential homeowner into a renter.


#8 Bloo Loo

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Posted 09 January 2013 - 01:20 PM

It's a developing story. I don't think they'll be able to put a gloss on it.


I can picture it now...
WARNING

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it





#9 Snafu

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Posted 09 January 2013 - 01:21 PM

I'm somewhat surprised, and aren't at the same time.

I see that they've rehashed a lot of their shops, well one out of two in my area into more of printing frames and stuff like that.

Then again what can possibly compete with bigger stores that sell electrical stuff

#10 zugzwang

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Posted 09 January 2013 - 01:26 PM

You're all being very negative.
zugzwang (n.) a situation where every possible move or decision is a bad one, or one that will result in damage or loss.
 
It's not a recovery, it's a relapse.
 
You don't need economists to have an economy. You do need engineers to have a bridge.    ~ Steve Keen

#11 JimDiGritz

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Posted 09 January 2013 - 01:33 PM

I wonder what the exposure is on this one?
Face the facts. Then act on them.

It's the only mantra I know, the only doctrine I have to offer you, and it's harder than you think, because I swear humans seem hardwired to do anything but.

Face the facts. Don't pray, don't wish, don't buy into centuries old dogma and dead rhetoric. Don't give in to your conditioning or your visions or your ******ed up sense of... whatever.

FACE THE FACTS. THEN ACT.

#12 The Knimbies who say No

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Posted 09 January 2013 - 01:36 PM

I wonder what the exposure is on this one?


f****** stop this now.

The knimbies who say "No" demand..... a sacrifice!
Arthur: Knimbies of No, we are but simple hardworking families who seek affordable housing on the scrubland beyond these woods.
Knimbies of No: No! No! No! No! No! No! No! No! No!
Bedevere: Please stop opposing our reasonable demands!
Knimby of No: We shall say "No" to you... if you do not appease us.
Arthur: Well what is it you want?
Knimby of No: We will allow you to build your precious high density shoeboxes, so long as you do not move so much as....

(pregnant pause)

A SHRUBBERY!!!!


#13 pyracantha

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Posted 09 January 2013 - 01:48 PM

f****** stop this now.


ISO agree

#14 Democorruptcy

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Posted 09 January 2013 - 01:48 PM

It was a mistake to focus on just one thing.

Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

 

Governbankment
A "Governbankment" is a Government like ours, that has no line between itself and banks. It diverts public money (our taxes) to private companies (banks). George Osborne's Help to Buy Bail Banks, promises our taxes will go to bankers, to cover their losses on mortgages that default.

 

The more houses cost, the more hours you have to work to buy one. The more hours you work, the more taxes you have to pay the Governbankment. The more debt you take on and the longer the mortgage term, the more interest you have to pay bankers, so the more hours you also have to work for them. House were cheap when people did mortgages at 3x main income for a whole house. Now banks encourage them to do 4.5x joint income, often for only a share of a house, the houses cost a lot more. House prices are all about people's appetite for lending. 

 

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.

http://classiclit.ab...en-Part-2_4.htm

 


#15 Paul4X

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Posted 09 January 2013 - 01:53 PM

we need a snapshot of their balance sheet.


<pedant> A balance sheet is a snapshot? </pedant>

"Capitalism has defeated communism. It is now well on its way to defeating democracy" ~ David Korten

“To think output and income can be raised by increasing the quantity of money, is like trying to get fat by buying a larger belt” ~ John Maynard Keynes 

 

Libertarian = someone who acquired capital via system he claims to oppose, now wants to lock in gains

"Just tax the land as high as possible, everything else as little as possible" Me 2015

 

The problem with rentier capitalism (as I see it) is that eventually you run out of other people's productivity Me 2016





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