Tuesday, Apr 17, 2007
Buy-To-Lie up the creak
The inerweb: I am facing forclosure
This web site was recentley quoted in the Economist to illustrate the stupidity of the Buy to lie
market. The BTL is currenlty 2.2 million in debt. Ouch.
Posted by doomwatch @ 12:51 PM (176 views) Add Comment
2 Comments
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1. Shipbuilder said...
You have to admire the guy's honesty - who here will open a blog admitting 'I have been wrong about HPC for the last two years - I could have made a fortune, but didn't have the balls'
I probably could have bought a few years ago here in Northern Ireland, but didn't. I've potentially lost about £100-150K.
But...i've had some great times in the last few years - none of which would have been possible with a mortgage - and there really is no accounting for the narrow-minded stupidity of your average Ulsterman.
I'm actually quite grateful that I lost out - it made me realise that there's so much more to life. Oh, and it brought me here where i've gained a new interest in economics and in fact reinforced my 'liberal lefty' views.
2. inbreda said...
Someone should start work on the UK version immediately, cos when the xxxxx hits the fan, the person with a site like this might make a bit of cash.