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House Price Crash Forum


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Posts posted by RDW

  1. http://www.burnham-on-sea.com/news/2011/pilrow-meeting-26-09-11.php

    Nah, it's the prospect of having a 200 ft 'nut frying' pylon in the back garden that's really putting me off. :lol::lol:


    Very affluent areas Mark, Wedmore and the surrounds, the one advantage of living in town with the natives is that no one is going to put one of these fellas in your back garden, the other advantage is it's only a short stroll to ASDA. :P

    Still they say it's 'hitting house prices', but I'm yet to see decent evidence on Bee, me thinks these whingers are just whinging.

  2. http://www.rightmove.co.uk/property-for-sale/property-19680672.html

    15% DISCOUNT - This property has been INDEPENDENTLY VALUED by a Royal Institution of Chartered Surveyors (RICS) Valuer at £375,000. The property is offered significantly BELOW MARKET VALUE.

    The Express Estate Agency offers this genuinely discounted property to Buyers who are in a position to buy relatively swiftly.

    These genuine discounts are offered based upon the property’s independently verified market value. All of our surveyed properties have been valued by an independent Royal Institution of Chartered Surveyors Valuer in order to confirm that all of our properties are offered with true discounts.

    £105,000 Discount From Previous Agents Marketing Price

  3. http://www.bbc.co.uk/iplayer/episode/b0133fbj/Newsdrive_09_08_2011/

    ...around 1.43 - 1.45 (5.43pm to 5.45pm

    Interviewer: “Clearly professor, these rioters have a common purpose, a common goal. They want to let society know of their frustrations and that they are driven by a strong desire and common purpose. Can you explain how their minds are working and what exactly they are seeking”

    Professor: “ I think that what they are seeking is the acquisition of a large-screen, high definition television set, hopefully with 3-D capability.

    Interviewer: “Er, pardon,”

    Professor: “Lets’s face it; they’re not targeting bastions of capitalism; I mean, they’re not throwing paint and bricks at banks. What they are doing is smashing they way into Dixons & Currys and walking off with television sets and I-phones.

    Interviewer: But the common motive behind the rioting…the true cause is?

    Professor: “Like I said, they want to steal a television set.

    Interviewer: “ Er, thanks, Professor.

  4. http://www.jta.org/news/article/2011/08/07/3088877/tel-aviv-stock-exchange-falls-on-uscredit-downgrade

    Tel Aviv Stock Exchange plunges on U.S. credit downgrade

    August 7, 2011

    JERUSALEM (JTA) -- The Tel Aviv Stock Market experienced its largest one-day loss in nearly three years in reaction to the downgrade of the U.S. credit rating.

    The exchange's TA-25 benchmark index of 25 stocks fell 7 percent on Sunday to 1,074.27 -- the biggest drop since November 2008 at the beginning of the global economic crisis -- despite a delayed opening by nearly an hour to allow traders to react to the news on the U.S. downgrade without pressure.

  5. http://www.piie.com/publications/pb/pb11-13.pdf

    Attempts to resolve the problems in Europe are failing, and the crisis is spreading from Greece, Ireland, and Portugal to larger nations.

    Europe’s financial system relies on moral hazard, i.e., a “no defaults” policy, to attract the funding needed to roll over large amounts of short–term bank and sovereign debt. Now that politicians in creditor nations are calling for private sector burden sharing, investors are demanding higher interest rates to hold these debts. But higher rates may tip banks and nations toward bankruptcy.

    Europe’s banks and financial system are highly integrated across countries. Rising expectations of default in some countries could lead to large-scale capital flight into “safe” countries. This shift will raise concerns regarding solvency and liquidity of many financial institutions.

    The payments system of the euro area is serving as an opaque bailout mechanism that is currently preventing the euro area from falling apart at this time. If the number..........

    Happy Reading

  6. Although big name UK banks (with too bad to tempt anyone interest rates) also failed, so your argument fails. Halifax, BOS, RBS, Llloyds, Bradford and Bingley...

    I took all my money out a couple of weeks before it went tits up, apart from £8.08, which I now have as a cheque that I have not cashed, alond with the accompanying letter etc.

    Give all this 20 years or so, and that little piece of history maybe worth something.


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