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JMcLane

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About JMcLane

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  1. http://finance.yahoo.com/news/bank-america-starts-mortgage-reduction-100202589.html I just wonder if this will come to the UK? Iceland did it.... Quick dive in now..
  2. On my recent search in S. Hertfordshire I too can see some BTL going for sale (well I assume it is). The first of many I hope. http://www.rightmove.co.uk/property-for-sale/property-32095910.html http://www.rightmove.co.uk/property-for-sale/property-32095913.html I thought this was a great time for BTL'ers.
  3. I know this is just a study... or is it! I hear a lot about the dollar and its pro's and con's etc etc but this named study is a very interesting read. HOUSE JOINT RESOLUTION NO. 557 Offered January 12, 2011 Prefiled January 5, 2011 Establishing a joint subcommittee to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System. Report. ---------- Patron-- Marshall, R.G. ---------- Referred to Committee on Rules ---------- http://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HJ557
  4. Ive posted this in a thread, awaiting mod approval. Clash in Bangladesh as stocks dive Police fire tear gas as thousands rally in capital, Dhaka, to vent their anger at record 9.25 per cent plunge in stocks. Trading has been halted at Bangladesh's main stock exchange amid protests over the largest single day loss in the bourse's 55-year history. The exchange halted trading on Monday as per orders from the Securities and Exchange Commission after the benchmark index plunged 9.25 per cent within the first hour of trading.
  5. Clash in Bangladesh as stocks dive Police fire tear gas as thousands rally in capital, Dhaka, to vent their anger at record 9.25 per cent plunge in stocks. http://english.aljazeera.net/news/asia/2011/01/201111084516632519.html Trading has been halted at Bangladesh's main stock exchange amid protests over the largest single day loss in the bourse's 55-year history. The exchange halted trading on Monday as per orders from the Securities and Exchange Commission after the benchmark index plunged 9.25 per cent within the first hour of trading. So, what will happen this side?
  6. http://www.telegraph.co.uk/finance/personalfinance/8099995/Workers-face-tax-demands-dating-back-six-years.html#dsq-content Millions of working households face new tax demands after HM Revenue & Customs said it was looking into cases dating back six years. A Government aide said: “These are legacy cases that built up in the last decade when Gordon Brown and Ed Miliband were running HMRC. The previous government's policy was to simply ignore these cases every year and let them build up. The coalition’s policy is to actually deal with them which is what we are doing.”
  7. More of the same...... British house prices fell more sharply than expected this month as the downturn, which began in the summer, gathered pace. The data from Nationwide came as a senior Bank of England policymaker warned that the government's spending cuts will damage Britain's economic growth. Nationwide's monthly house price index showed a 0.7% fall in October, nearly twice as steep as economists had expected. This took the quarter-on-quarter drop to 1.5%, the biggest decline since April 2009. It said that the value of the average British home fell by £2,376 during October, to £164,381. Separately, the Land Registry added to fears of a double-dip in the housing market by reporting a 0.2% drop in house prices in September. http://www.guardian.co.uk/business/2010/oct/28/uk-house-prices-fall-faster-expected I guess the only people who are not accepting what is happening are the EA's and the over stretched speculators / home house owners
  8. http://www.mortgagesolutions-online.com/mortgage-solutions/news/1814184/house-price-slump-saves-thief-jail A career thief who was ordered to pay £50,000 in compensation has been spared prison after he could not sell his house following the property slump Sometimes I can not believe what I read.... Dean McEvilly stole property including car stereos and sat navs worth £180,000 over a six year period to fund his drug habit. ADVERTISEMENT He was ordered to sell his home to raise £50,000 at a proceeds of crime hearing last October at Bolton Crown Court or face 18 months in jail, according to the Daily Mail. However, McEvilly was given a reprieve from his jail sentence after pleading with the court that could not raise the money because his house, which he inherited from his father, had fallen dramatically in value. McEvilly said the terraced house in Bolton, Greater Manchester, had been worth £95,000 a few years ago, but he has only received two cash offers of £40,000 since putting the house on the market. These he has turned down because it was not enough to pay off his debt. The court has decided to give McEvilly an extra three months to pay his debt and cut the bill to £38,000. <-- this sickens me. However, if he fails to pay, McEvilly will face going to prison and he will still owe the money to the court upon his release. McEvilly said: "The house means a lot to me because it was my dad's, but I know it has got to be sold." He added: "I would go to prison for five or 10 years if it meant I could keep the house. I feel like I have already paid my debt to society; I have spent time in prison for my crimes and got longer sentences because I was unable to pay compensation." McEvilly intends to sell the house to one of the cash buyers and, if that fails, it will go to auction in December.
  9. All the economists can gather and Massdebate and so I shall call it Masterflation.
  10. I never said it was. The article title is "falling-house-prices-blame-media" and it reminded me of the article in the Telegraph regarding "the-false-estate-did-property-journalists-mislead-investors" http://www.independent.co.uk/news/media/press/the-false-estate-did-property-journalists-mislead-investors-2058639.html I see a bigger picture building.
  11. I think this article has much to do with the fact that in Ireland there is talk of the sheeple suing the MSM for misleading articles which led to them being sucked into the hypetrain. What chance do they have really?
  12. That is a good point. I should check for the "no chain" in the descriptions and work out if its BTL/EA/VI's dumping. Actually now you mention it I have heard nothing today at work, no one talking about anything mildly related either. I guess people are researching Iphone 9899922th edition for xmas.
  13. Insane new listings for me today craig. 28 in 24hrs, a new record ever for me.
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