Sunday, Feb 24, 2008
Cautionary Tales from the Last Recession
The Times: Recession and repossession: surviving a great fall
"In the end, the flat that they had bought for £69,000 was sold by the mortgage company for just £27,000, leaving Tommy and his sister liable to the tune of £47,000 ... Now 43, he works as the manager of a homelessness project, lives in a rented flat and has vowed never to buy a property again."
Posted by quiet guy @ 02:14 PM (779 views) Add Comment
3 Comments
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1. doom&gloom said...
Glad to see these poor souls have learnt from the last recession and are now much better-placed to survive the upcoming one. Gill Marsh 'lost marriage, business and house', but has finally come back and "remarried, bought another house, and is managing an estate agency branch." Recession-proof job if ever I saw one. And 'bought another house'. Nice. Yes, I know I'm cruel.
2. paul said...
"and is managing an estate agency branch." Recession-proof job if ever I saw one"
Not sure about that ...
3. Mikedx said...
anybody else find the linked article by phil spencer amusing and ironic at the same time?
http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article3368828.ece