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Scooter

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  1. http://www.bloomberg.com/news/2011-02-28/london-s-luxury-homes-attract-overseas-buyers-seeking-financial-stability.html

    London's Luxury Homes Attract Overseas Buyers Seeking Financial Stability
    By Simon "Symon" Packard - Feb 28, 2011 12:00 AM GMT
    The scarier things get, the better London homes look to the world’s rich.
    A widening range of foreign nationals bought houses and apartments in the British capital worth more than 1 million pounds ($1.61 million), lifting values for the fourth consecutive month in February, according to property broker Knight Frank LLP. Greeks and Spaniards increased investment as their economies reeled and Asians sought a hedge against inflation.
    London property is drawing investors facing financial and political instability in their home markets, according to Liam Bailey, Knight Frank’s head of residential research. The overthrow of the Tunisian and Egyptian rulers, triggering uprisings in Libya, Bahrain, and Yemen, will probably bring more Middle East money to London as the rich seek to protect their wealth, Bailey said.

    And of course, the fleeing Arab troughers will have no immigration controls just an intent to keep London HPI going.

    Absolutely crazy. I am looking for somewhere "prime" (I suppose although I hate the term) in North London (NW3) and the agents have buyers all over them offering asking price for very ordinary, inflated properties and as you would expect they are suitably smug about it. Interestingly the internal areas are also being inflated (lied about!) so you overpay even more.

    I first joined HPC in 2005 expecting a crash soon. I have not posted for a few years, although I have been lurking occasionally. Now in 2011 I realise I have been consistently wrong about the property market, at least in London. I would love it to crash but it seems totally resilient to all economic shocks. i wonder if interest rate rises will even make any difference, as the EAs seem to imply everyone is a cash buyer without any need to sell or obtain a mortgage...

  2. G.O has humiliated himself and the Tory party.

    Its Labour or nothing after that stupid move yesterday.

    So you like Labour? Here is why I don't:

    -Gold sold at a low

    -Pensions robbed

    -Endless stealth taxes

    -Increasing NI and income taxes

    -Truly massive public and private debt

    -Housing boom and bust

    -Stock market boom and bust

    -High unemployment (especially if you add the people on incapacity benefits)

    -Poor education system (but worthlessly inflated grades), increased illiteracy and innumeracy

    -Poor health service (but doctors earn far more for doing less)

    -Bloated, useless public sector full of ideological jobs that produce no useful service (Labour voters though!)

    -Sharp increases in violent crime despite Jackie Smith's best efforts to fiddle the numbers

    -Uncontrolled immigration (to no economic benefit according to the last Lords report)

    Osbourne or anybody would be better IMO... :angry:

    Scooter

  3. OK so I was feeling quite smug abaout cancelling my payments to an equity ISA 6 weeks ago, putting in cash ISA instead. I watched the FTSE go first below 5000, then 4500 then 4000, going down to nearly 3700 :blink:

    Seemed like it could only go down down down, but now it's bouncing madly. Why? Is this just because the end of the world has been averted? Was the 3700 pricing in armageddon, and 4500+ is the level for "bad recession"?

    Is it time to buy again? :blink: Just seems mad that shares can go anywhere but down, it went down to 3200 a few years ago whilst the economy was growing :huh: It's all bizarre.

    The FTSE is anticipating sharp interest rate cuts and rising accordingly. It is probably a "bull trap" though and it will drop again before rising more steadily next year. Maybe. Depending on what bad news there is yet to be revealed...

    S.

  4. I do see why you say this, but one very interesting thing is that many of the Bosniaks I spoke to in the 90s (things are different now) were of the opinion that their ancestors did this purely for reasons of self-interest under the Empire (ie. they could get better positions). It is quite fascinating to read Kusturica's (film director) take on his family's Muslim identity and how he views their decision to convert, and how little he perceives his religious identity in light of this.

    What is also rather interesting is that back in the 90s, many of the little jihadis in our area didn't realise that the Muslims in Bosnia weren't immigrants in the way the Muslim population largely was in the UK. They didn't realise that many of Bosniaks would be ethnic slavs. This misguided approach -- using British paradigms to apply to ethno-religious situations in other countries -- you still see today, such as Guardian film critic peter Bradshaw refusing to accept that women from Bosnian Muslim families could have blonde hair. This lack of understanding also meant that when these jihadis got over to Bosnia, in some cases, they actually fired on Muslim soldiers that were still part of the JNA.

    So you could ask: what was it all about, this huge push to radicalise the Muslim population in the UK over Bosnia? In some cases, poor British and American reporting was to blame as it pitted the notion of poor Bosnian Muslim against nasty Christian Serb, when the reality was far more complex. But when you stand back, it does look to be a some sort of push to inflame a sense of fear amongst the Muslim population in their countries of residence -- to what end, I don't really know.

    But one thing I will say was that there was a very common phrase used in the early 90s by young local Muslims lads about Bosnia, and it was something like: "Over there, the Serbs pull your trousers down to see if you are a Muslim; if you are, they kill you. But, over here, they wouldn't even need to do that, because you can tell we are Muslim by the way we look."

    Notice the idea in that phrase that suggests what was happening in Bosnia might happen in the UK. Now I don't think this sort of thinking just comes to a teenager who lives in a fairly stable country at a time when extremist forces were pretty dead on the ground; I think it has been directed by someone, the idea has been implanted that what has happened in Bosnia could happen in Britain.

    But by whom and for what reason? That is the question.

    I agree not all conversion was forced in Bosnia/Balkans generally. I have heard Indian Christians say their ancestors in Goa converted to Catholicism because they could get well paid positions under the Portuguese invaders, much the same thing.

    Pakistani britons forget that their ancestors were also Hindus converted to Islam by the Mogul invasion of India. They often, in their ignorance, seem to assume their families were always Muslims.

    If I had to blame one group in recent times for spreading radical Islam, it is the Saudi royal family who use their massive oil wealth to fund Wahhabi mosques everywhere with radical preachers to go with it, who criticise any more tolerant Muslims as apostates (a capital offence in Sharia so a serious accusation) or at least as inauthentic Muslims. I have seen this in Indonesia but it happens in the UK, USA and across Europe.

    I try not to read the Guardian! :lol:

    S.

  5. sorry mate. I can't compete. I admit defeat. I would hope to see you on Newsnight soon explaining the situation. Although, I think you get my points, at least partially, but are being a bit argumentative for the sake of it. The Sunni/Sheites would be fighting anyway, not because of Amercia. I did use the expression mutually exclusive, which I think is pretty self explanatory

    I'm out of my depth here - I concede.

    If you'd like to talk to me about the use of the Dominant Phyrgian scale in jazz, I feel I could do you there :-)

    No contest-you could definitely beat me at jazz! :lol:

  6. You have the IQ of approximately one peanut.

    How dare you equate values of freedom of speech & liberty with Christian values.

    Why pretend that muslims are the instigators of violence, when Britain & America have caused the greatest amount of deaths & atrocities since WWII (10 million & counting) & 99% of the Islamic terror & Jihad is carried out in retaliation for Western violence & coercion?

    Why pretend the West is pro democracy when America & Britain have overthrown the most democracies & installed dictators since WWII (Iran in '53, Guatemala in '54, Brazil in '64, Indonesia in '65, Greece in '67, Chile in '73, etc. etc.?

    I agree that freedom of speech etc are not specifically Christian but they are predominantly Western values.

    Jihadi terrorism in Kashmir, Sthrn Thailand, Nigeria, Somalia, Sthrn Phillipines, Indonesia, Lebanon, Algeria, Morocco, Egypt, Saudi, India (just a few examples) have nothing much to do with "Western violence and coercion" and everything to do with Islamic supremacism and refusal to coexist peaceably with non-Muslims. Islam has been invading and conquering for 1400 years, first in the Middle East (Syria/Levant/Persia) then North Africa and Eastern Africa as far South as Northern Ethiopia, India, Spain, France (until defeat at Tours in 732) and in the Balkans. All of these invasions for many hundreds of years is just "retaliation"? I think it is pretty obvious the aggressors are Muslim, the so-called "religion of peace".

    The numbers you quote are entirely bogus, as you know. Surely the US is directly responsible for the death of 10billion, including everyone who died prior to the founding of the United States.

    You are a Muslim, as far as I can remember, not just an apologist for terror-right?

    S.

  7. Probably not bringing much to this thread but I just wanted to say that I used to fear Radical Muslim Extremist types - I have only just realised that I now fear our own government more.

    Fear them both! :ph34r: the threat of Islamic terrorism and cultural encroachment is real but the massive security and surveillance apparatus put in place by our government over the last decade is pretty frightening, as is the misuse of "terrorism laws". Gotta smile though... :lol:

    S.

  8. I am sorry, but this line is rot -- and I will explain why I think so.

    I come from West Yorkshire; in fact, one of the 7/7 bombers went to the same school as an old friend of mine and was in the same year as his younger brother.

    The whole Islamist radicalisation thing started way back in my area in the early 1990s -- largely fuelled by the events in the former Yugoslavia. I first heard about 'jihad' in a war context in 1992, when a Hindu friend of mine told me about Islamist preachers who were giving out "calls to arms" leaflets about Bosnia outside markets and shops that were frequented by Muslims. Around this time, I also found myself listening to a furious tirade in a local snooker club by a local Muslim lad I knew, about how he was training to get "fit for jihad in Bosnia" and how you could go to Afghanistan to train to fight for your fellow Muslims" to protect Muslim women and children".

    Let me just state: this is nine years before 9/11.

    What is interesting here are two things ...

    One: this movement coincides with the slap in the face OBL got from the Al-Sauds when they laughed at him for suggesting they use his Afghan Muhajadeen raggletag fighters to repel Hussein from Kuwait, rather than use a professional fighting force (aka. the Americans). It is this humiliation that makes OBL go bananas.

    Two: the movement started around a situation that had been primarily created by the Soviet system and Tito -- it was not Western European engineered scenerio. The West did not create the fundamental problems inherent in the make-up of Yugoslavia. However much people might have expressed concern in the West, the fact was that a) it classed as a civil war, and there was significant legal problems with Western countries making any kind of intervention outside UN parameters, and B) the role of Russia made everything very complex.

    So the movement up here, of which the 7/7 bombers are a product, did not start due to an objection to the thousands of deaths we have caused in the Islamic world largely due to our addiction to oil and pipeline politics , but because a Muslim population in a former Soviet communist country found the centre did not hold once bits of their Socialist Federal Republic began to cede -- which they were always going to once the system started to collapse.

    And this, again, is worth stating. At the heart of many of the Islamist calling cards are two things: one, the fall of the Ottoman Empire (or you could say the First World War), which left a power vacuum in its former holdings, which led to Western involvement postwar, Arab Nationalism and now Islamist fervour as the inhabitants of these region struggle to find a system of adequate governance and a way to respond to the change in the political geography around them, and, more recently, the fall of the Soviet Empire.

    It is the fall of the Ottoman empire that laid the foundation for the mess in the Middle East (for God's sake, the EU pays for Palestinian civil service salaries, which the majority of Palestinians depend upon); it is the Soviet Empire that created a mess in Chechnya, Yugoslavia, Afghanistan.

    The thing is that whatever these jihadis say, their handlers somewhere up the line know it is a load of absolute bunkum, and so do many of the commentators that come out with "all about oil" excuse line.

    I agree with this mostly. However the problems in the Balkans pre-date Communism by a long way. I would blame the Muslim Ottoman invasion of Central Europe and the part-conversion of traditionally Christian Europeans to Islam. This is the root of the ethnic-religious conflict even now, far worse in longterm consequence than any of the Crusades that we are all supposed to feel so guilty about.

    S.

  9. I would suspect that accuracy of any information relating to this is too unreliable to debate with any certainty due to propaganda and censoring. I definitely am not blaming the American's for ancient hatreds, just incinuating that it is easy to hide behind it when carrying out their own atrocities. Soon they'll be saying that the war was already there before they invaded and spinning that actually they hardly caused any trouble compared to the locals. Clearly these events are mutally exclusive and one has not been triggered off by the other. The sunnis would be kicking off anyway, as would the Americans have invaded anyway

    Which bit of what I said is unreliable or unverifiable? There is not much dispute about the Sunni-Shia schism or killings by Al Qaeda In Iraq and remnants of the pre-war Iraqi Army (Sunni) or the Mahdi Army (Shia). You talk about American "atrocities" that you presume are being carried out under cover of the internecine fighting but that assumption is based on nothing as far as I can see, at least nothing you have shown any evidence for.

    You say the Sunnis "would be kicking off anyway" and I am not sure what you mean-there was a Sunni dictatorship under SH for decades murdering Shiites and gassing Kurds-"kicking off" suggests you think it all started when the US invaded when the modern conflict in Iraq has been going on for years.

    S.

  10. Your statement is correct in the sense that the numbers are correct

    doesn't make it right though. The behaviour of the Americans and other forces cannot be excused because of a racial tension going back 1000's of years.

    The West Africans started the slave trade by selling their own, but that doesn't surely present an argument to overlook the appalling way that the white man exploited the situation.

    Actually not my statement, I was agreeing with someone else. However, aside from the rights and wrongs of the war in the firstplace, the Sunni (aided by Saudi/Syria) and Shia (aided by Iran) did not have to massacre each other post-invasion and could have tried to settle their differences peaceably, even if it meant dividing the country, which only exists in this form since after WW1 anyway. The Shia were crying out to the West since 1990 to be free of Saddam Hussein, as were the Kurds (effectively separate since the first Gulf War). The Sunni-Shia schism is about 1300 years old but it has never really withered. The Americans did not exploit it at all (so not analagous to the slave trade you mention)-their failure is in predicting that this would happen after invading and toppling SH. To blame the Americans for ancient hatreds resurfacing just seems to me a bit simplistic.

    S.

  11. He didn't need to, because, especially the Sunni v Shia thing, is all true.

    Look at who caused the the 600,000 "excess deaths" (or is it more than 1 mill now?) in Iraq.

    For all the supposed and actual trigger-happiness of the American forces, the vast majority of people killed in Iraq have not died at the hands of the US forces.

    They have been killed by other Iraqis, or certainly by others who would claim the same faith as their victims.....

    Find yourself at status zero like the German population in 1945, or Israel when that country was founded, either decide to pull together and create something worthwhile, or to carry on killing each other for nothing with no aim in sight.

    Turn your country into something, or into Somalia. Choices.

    At last an opinion on this thread I can agree with!

    S.

  12. Oh ffs I'm not denying that the Madrid and London Bombings happened (9/11 looks like a false flag to me, or at least that the US govt let it happen, but that's another story), what I am saying is that the bombers' motivation really wasn't about a desire for a UK homeland - or a hatred of mini-skirts it was an objection to the thousands of deaths we have caused in the Islamic world largely due to our addiction to oil and pipeline politics. Read a bit of John Pilger (go on humour me, I'm sure you're brave enough to do that even if you won't go to Pakistan). And you know what, as a bird (and no I'm not a fat bifta, I'm a size 8-10), it was liberating not to wear stuff like miniskirts in Pakistan because it meant you were judged on more than just tits and ass... And now of course, you all think I'm a fat dyke... :lol:

    I have been to Pakistan. I do not want to go back. Just before I went, a load of US oil execs were murdered in the Karachi port area. Just a few months after, a busload of French engineers were blown up at my hotel. Meanwhile the common, all-garden riots, bombings and killings between different Sunni groups and against Pakistani Shia and Christians persisted. I am happy you had a good time and no one hassled you. The experiences of Western women I know travelling in Muslim lands is of constant touching and other harrassment. Islam and its restrictions on normal contact with women makes for a whole load of repressed male individuals who see women-not just kuffar women-as chattels. Need I mention the widespread "honour killings", acid attacks and female circumcision? Lovely country for women!

    Your "false flag" comments about 9/11 identify you as a conspiracy theory nutter. 9/11 was carried out by a bunch of pissed-off Muslims, planned from Afghanistan, hence the invasion. Bin Laden and Zawahiri are on record as admitting this explicitly, aside from any other evidence. You repeat the narrative of Islamists who simultaneously hold two opposing views somehow: that Muslims did not carry out 9/11, Madrid, London (it was Cheney, Mossad, MI5 etc) but the attacks are fully justified revenge and self-defence because of "oppression of Muslims everywhere".

    I do not agree with Nationalist that civil war is anything like imminent but there are serious issues relating to culture, integration and Sharia and this government is too terrified of more terrorist attacks (and losing inner city votes) to do anything but capitulate to self-appointed Islamists (funded variously by Iran/Press TV, the Muslim Brotherhood, Al Muhajiroun, the Deobandis, Saudi-Wahhabis and others) who claim to speak for "the community".

    S.

  13. The headline....

    Los expertos advierten: los vendedores de pisos tendrán que asumir pérdidas si compraron después de 2004

    means:-

    Experts advise: Flat sellers will have to take losses which compare to if they were buying in 2004.

    Additionally, the company Idealista has 170,000 homes currently on sale and they add 2,200 more properties to their books everyday! :o

    I think you slightly mistranslated: Sellers of flats will have to bear losses if they bought ("si compraron" means "if they bought" not "compared") after 2004. :P

    El Scooter

  14. IMF raises spectre of UK house price correction

    By Edmund Conway, Economics Editor in Washington DC

    Last Updated: 3:46pm BST 17/10/2007

    Britain is facing the prospect of house price declines as severe as those suffered in the US following the crisis in the sub-prime mortgage lending, the International Monetary Fund has warned.

    The Washington-based fund identified the UK as among the most susceptible economies in Europe to a housing market correction.

    IMF warns of house price correction

    "Housing markets have boomed in a number of fast-growing economies, most notably Ireland, Spain, and the United Kingdom, with rapid price rises and sharp increases in residential investment relative to GDP [gross domestic product] exceeding even those observed during the US housing boom," the IMF said in its closely-watched world economic outlook.

    "Given that rapid increases in some countries have raised concerns about possible excesses, some cooling seems desirable, if it does not go too far too fast. But could a housing correction in western Europe be as deep as in the United States? [Our analysis] suggests that the extent of house price overvaluation may be considerably larger in some national markets in Europe than in the United States, and there would clearly be a sizable impact on the housing markets in the event of a widespread credit crunch."

    The warning will raise fears that the market in the UK, where a surge in house prices has turned many families into property millionaires, could follow the US, where home values are falling fast in many parts of the country and the wider economy is suffering.

    Household wealth has more than doubled in the past decade but that growth looks to be coming to an end, with consequences for the British economy.

    advertisementThe IMF today cut its forecast for the United Kingdom's growth next year by 0.4 percentage points to 2.3pc. It reduced its expectation for global growth by the same amount to 4.8pc, blaming the credit crisis which is still causing shockwaves in markets and households throughout the world.

    A full half of world economic growth this year will come from China, India and Russia, it added.

    It said its forecast assumed that markets gradually returned to normal in the coming months, with debt prices settling back down after a torrid summer.

    "Nonetheless, there remains a distinct possibility that turbulent financial market conditions could continue for some time," it added.

    "An extended period of tight credit conditions could have a significant dampening impact on growth, particularly through the effect on housing markets in the United States and some European countries."

    The IMF also said central banks, including the Bank of England, should re-examine the way they provide liquidity to the markets, following the recent credit crunch, which some have blamed on central banks' policies.

  15. shows why the $UDS is going into meltdown.

    Gold finger might like to watch part five.

    Nature has programed me to generalise and so i will continue to do so else i'll end up stroking a tiger just because one day i might find a tiger that won't rip my army off.

    I will be more than happy to have a debate with you guys about the BNP and my views on imigration but not here.

    Justice, you posted that I and other Jews could not join your political party (in the unlikely event that I wanted to) because of my antecedents presumably because I am too racially unclean and impure for you to associate with but hey forget that, let's just talk about the dollar? Bizarre!

    S.

  16. Yes, its extraordinary the number of conspiracy theorists this website attracts. Luckily, there are a number of sane people as well.

    I think being economically disadvantaged by crazy house price inflation which either stops you buying a house or stops you moving to a larger house can make people get angry and look for scapegoats, although I am not sure that was quite Justice's take on things. We all probably have a few odd beliefs-I know I do sometimes! :ph34r:

    S.

  17. Justice,

    Maybe you should have looked at the link yourself before posting previously along lines that all Jews are alike and all support Israel unquestionably and according to you this means they want to attack Arab countries (except the one you know who drinks a lot which you seem to disapprove of but apparently the 249,999 others are teetotal Orthodox Jews which is somehow threatening to you.) Has it ever occurred to you that you might not know much about anything unless it was posted on a conspiracy website, certainly not what you are on about here? That is what I am getting from your posts...

    Out of interest, what are your racial origins? I am assuming you are "white" and consider yourself a true Brit, distinct from anyone else, but does this mean you are of Celtic, Germanic/Saxon, Scandinavian, French/Norman, Roman origin perhaps? The Celts were probably in these Islands first so if pure Celtic people alive today were identifiable, they would probably be within their rights to have you deported back to Saxony or Normandy or wherever you think your ancestors come from (as a pure bred British person.)

    S.

  18. You scream racist to me when i defend the Muslims so god knows what you think and unlike me you seem ashamed to say why you defend Israil attacking the Muslims so lets take it to off topic and you can tell me why.

    Very true i did say that and don't agree with the BNP who have allowed a jewish person to join them but you will also note i did not say that Muslims should be allowed to join the BNP and my words were i liked Jewish people more than muslims but that did not mean i want them to flood the country.

    Justice,

    Do you think there is any danger of Jews flooding the UK? Currently there are maybe 250,000 out of a population of 60m and many are leaving for the US and Israel because of the perception of a hostile environment. Do you actually know any Jews? It seems a bit odd to say you like (or dislike them) if you never actually got to know any. It also assumes that all Jews are alike in every respect, socially, religiously, politically or whatever, which is really not my experience of any group.

    At least you make clear what the BNP membership believes by saying Jews cannot join, unlike Griffin who twists and turns in denying that his is a racist party.

    S.

  19. :lol: House prices to slow even with a rate cut

    By Angela Monaghan

    Last Updated: 8:24am BST 27/09/2007

    House prices rose again in September, as the expectation that interest rates have peaked appears to have been enough in the short-term to offset uncertainty caused by the widespread credit crunch, according to a report by Nationwide.

    The building society said that UK house prices climbed by 0.7pc in September, to an average of £184,723.

    Fionnuala Earley, chief economist at Nationwide, said: "House prices recorded a reasonably strong gain of 0.7pc between August and September, seemingly shrugging off the unsettled events of the past month."

    However, there are clear signs that caution has grown among consumers and lenders, as the rate of growth in the last three months slowed from 2pc to 1.6pc compared with the previous quarter - lowest level since July 2006.

    The annual rate of inflation fell to an 11-month low of 9pc in September from 9.6pc in August and a peak of

    11.1pc in June, due to very strong monthly rises a year earlier.

    "Overall house prices defied the gloomy predictions of some recent headlines, but their underlying growth is still on a decelerating trend," said Ms Earley.

    A decrease in interest rates, which is now generally expected in response to Northern Rock and the wider credit crunch, could help mainstream borrowers and those coming off fixed-rate mortgages.

    Ms Earley said: "Sentiment has changed significantly as the potential adverse economic impact of the credit crunch has been acknowledged by the Monetary Policy Committee...The likelihood now is that we will see a cut in base rates early in 2008."

    However, the report said that this was not likely to be enough to stop a slowdown in the growth of house prices in the coming quarters.

    The picture is gloomiest for those who are reliant on highly leveraged borrowing, which is likely to decline. Ms Earley warned that the impact of the credit crunch has not yet fully filtered down into the housing market, but as the price of credit becomes more expensive in the mortgage market, "the longer-term effect will undoubtedly be to take some froth out of the market."

    The resounding message of the report was one of caution: "Prospective buyers would be wise to think carefully about their financial position and the risks around it before entering into a house purchase decision," it said.

  20. London we have LIFT OFF!

    FTSE 100 (FSI:^FTSE)

    Index Value: 6,281.90

    Trade Time: 3:34PM

    Change: 69.90 (1.13%)

    Prev Close: 6,212.00

    Open: 6,212.00

    Day's Range: 6,212.00 - 6,309.50

    52wk Range: 5,774.50 - 6,754.10

    :lol:

    7,000 by Wednesday next week anyone? If we are going for the inflation option certain stocks will do well. Oil, food, transport....

    It need not be feast or famine for the stock markets-there are alternatives in between. Too many HPCers seem to expect armageddon unrealistically. I agree with another poster on this thread-a stable and rising stockmarket will allow more interest rate rises and damage the housing market, albeit this is intimately linked with some areas of the sm, such as retailing and construction. In the meantime, I am staying fairly fully invested as I do not trust myself to time a withdrawal and reentry accurately.

    S.

  21. Yes, years ago and we still haven't had any fallout. People may have lied to borrow but they haven't any problems making the payments. That's what matters in the end.

    Except they lied to buy in the last couple of years (something you seem not to dispute), scale of problem unknown, interest rates have doubled and you think everything will be fine? You are welcome to be bullish of course but to me that defies logic.

    S.

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