Friday, Jul 25, 2008
Comedy Club - Weekend entertainment - Stuatz Law
mortgagesolutions: Average house price down £4375: Assetz
Property investment advice firm Assetz has said buyers with mortgages are being forced to haggle over house prices because they were getting a “raw deal” from lenders. Law said “profiteering” must stop to create a fairer deal for homebuyers, who were unfairly paying for the excesses and errors in the investment banking sector over the last few years..............
Posted by jack c @ 06:38 PM (426 views) Add Comment
5 Comments
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1. it_is_going_with_a_bang said...
Raw deal? Bleat bleat it's like walking through a field of sheep.
2. angonamo said...
'paying for the excesses and errors in the investment banking sector over the last few years'
Is Mr Law referring to 'excesses and errors' in BTL by any chance ?
3. Mytimeisnigh said...
This guy needs to have a long holiday from work.
4. paul said...
"Buyers are being forced to haggle"
Eh? Sellers are being forced to haggle surely. Buyers love to haggle, if you can call "drop your price or I won't buy" haggling ...
5. new user 2007 said...
"Law said “profiteering” must stop to create a fairer deal for homebuyers, who were unfairly paying for the excesses and errors in the investment banking sector over the last few years."
So the very thing that made his pyramid scheme possible is a problem only because lenders are moving away from unsustainable business models.
The question is why buyers were not haggling before. Also, he has said repeatedly that the crisis is good because "the clever money can get discounts i.e. haggle", now it is something being forced. He is confused:)