Saturday, Dec 22, 2007
Rosie Millard, what a b|tch and a b@stard
Herald: If greed is good who foots the bill?
"Two years ago Rosie Millard, the former BBC arts correspondent turned buy-to-let investor went broke, admitting she survived by shifting her debts from one credit card to another. Once, rather than admit to such shame, the middle-class debtor would have gone into the library and done the decent thing. Middle-class values were once grounded in prudence, in a distaste of debt, in saving for the things one wanted."
Posted by confused76 @ 11:46 AM (1154 views) Add Comment
6 Comments
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1. planning4acrash said...
Nah, I know many who went bankrupt in the early 1990's and lost their houses. It seems that the prudence of the middle classes is as stable as house prices. It just goes to show how rampant asset inflation is socially destabilising and plays upon greed that lies within most of us. Its actually very sad to see somebody who obvious spent much time getting herself an amazing BBC career go bankrupt at the same time as pricing out the younger generation from the housing market, and lets remember that this is miss-selling on the case of mortgage brokers and estate agents on a massive scale. In the end, very few benefit and society as a whole is significantly poorer for this stupid housing boom, which should have gone to bust in 2004. Bloody heck, if they had kept interest rates high then and reigned in RPI, houses may already have become affordable and by freaking grocery bill wouldn't swallow up so much of my wage!
2. enuii said...
Here here P4C, if you want to hold up prime examples of what has gone wrong with this country then Rosie is the epitomy of the chancers who have taken advantage of Gordons economic mismanagement.
3. wiltshire said...
It's amazing isn't it? How easily even well educated and obviously intelligent people can be blinkered once the £ signs start fluttering past their eyes. I wonder how many times Rosie mentally calculated, with HPI at 10% a year, how long it would be before she could sell the lot and retire? (And the 1000s like her!).
4. Landedgentry said...
i wanna know where you can buy all these repossessed luxury items at auction - does anyone know where they are likely to be held? Thanx
5. happyrenterz said...
History will look back and say the Western World lost their wealth by financial mismanagement and bad debt by trying to live an extravagant lifestyle not based on fundamental economics. This while some of the developing world progressed rapidly at their expense, slowly buying up their valuable economic resources as financial mismanagement made companies go begging for cash bailouts from SWFs. See today's FT front page "Saudis plan huge sovereign wealth fund"
6. Orwell said...
I wonder if Ms. Millard's 'flipped' any properties lately?
Oooo Karma!