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rettah

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Posts posted by rettah

  1. The banks get it now, but nobody else seems to if your business needs DEBT to survive the next year then it probably won't survive.

    It's not debt but working capital. Most companies need working capital which is usually financed from short term loans or overdraft facilities. Debt tends to be a long term loan. If the company made nothing it would have no debts.

  2. Sorry to here this. I'm a structural engineer so in the same boat. Certainly work is getting thinner with everyone trying to chase local authority and education work (Fortunately this is the sector I'm working in). As you say the commercial sector is dead and retail is not looking great either. One big concern I have is that the dredit cruch could have a hugely negative influence on new PFI projects that employ a large number of people in the industry and has been one of the boom areas over the last few years.

    Fortunately the middle east still seems to be booming.......

  3. Very interesting on the cost front for selling. If Tesco ever gets its home sales site off the ground it would be curtains for a lot of estate agents. At least now estate agents are having to do some work for their commision rather than just plucking a name of a list.

  4. Good for you. Where was the flat if you don't mind me asking? Was it one of the new build blocks that have gone up in the last 10 years?

    I remember looking at a flat in St A (in the maltings I think) about 10 years ago and it was tiny for the money. I couldn't believe the prices that people were paying in the new build blocks a couple of years ago and can't see any reason for them not to come down to around the £200k mark.

    Edit - PS. in terms of the press you have to take the rough with the smooth as it was them who were responsible for talking prices up in the first place.........them and gordon brown.

  5. "It takes an average of almost 12 weeks to sell a property now compared to 7.4 weeks this time last year. In some ways this lack of activity is puzzling given that the last time turnover rates approached this level was in the early 1990s when market conditions appeared more hostile. In 1991 interest rates were at more than twice the level of today and general macroeconomic conditions were much worse. The economy was in deep recession and unemployment was well over two million. This suggests that there are other factors playing a part in the lack of activity in the current market."

    So with the economy now heading for deep recession and unemployment set to rise to over 2 million she seems to be saying that things can only get worse. Much worse.

  6. what's gordon's spin? can't see it on his bbc yet.

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  7. Lot 360 ( Guide Price: 165 )

    Vendor: Barnard Marcus

    Address: Flat 201, Comer House, 19 Station Road, Barnet, Hertfordshire, EN5

    The description from the Barnard Marcus website is: Long Leasehold 2nd Floor Purpose Built Self-Contained Flat Three Room(s) Vacant © Barnard Marcus

    Map: Click Here

    Last Sold Price: No data found for this property - Click here to search

    Auction Result: Sold ( Highest Bid was: £191,000 )

    It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.

    This is just round the corner from me. According to nethousprices this sold for £330,000 in dec 2005 so a nice loss of £139,000. :lol::lol::lol:

    £191,000 is probably on the money for the market at the moment but will be making a loss in a few months. This really is an ugly building.

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