Norniron

who lives in the TQ,the James Clow ,the Obel,the Cathedral Q etc.. If you do would like to hear from you why you do so? Is it a case of e.g 1. Live rent free to make the place look like its lived in? 2. Saves the developer paying out for security of the place? 3. Won the Eurolottery so bought the whole place at a cheap deal from the bank 4. EA's put me in here so every time when they get asked " who the hell would pay those stupid prices your asking" they can then refer to the likes of me 5.Other e.g I'm a manager looking after the world's oldest occupation

baked beans can scenario true cost of the beans can is 26P Along came a greedy grocer -I'll try selling this can for £5 Along comes a customer he buys the can (can is now worth this price of £5) Greengrocer thinks someone actually bought it at that price even though the can is only worth 26p!! I'll try even selling it now for £5.50!! Along comes a customer he purchases the can now at the new price of at £5.50 after greengrocer tells him the prices are going up you need to buy now if you want to eat Customer being greedy buys the can (True value of the can is still 26p) This goes on & on price of can going up but customers still prepared to have their beans on toast All of a sudden the greengrocer dies & his shop is taken over New owner sells the can at a lower price telling customers he is discounting the can by by 25% (True value of the can is still 26p) Customer think that's a good deal I'll buy at that discounted price. Grocer maintains his prices for a while as the customers are happy with this great deal Grocer puts posters in windows & advertises on the radio about his discounted prices (even though true value of the can is still 26p) Customers queue up for the beans....

markets move on 2 factors fear & greed Travelling over the M3 Lagan bridge one can see the monuments of greed 1. Unfinished apartment blocks 2off -diagonally across the road from Central Station What's happening with these buildings? 2. James Clow apartments Only a few lights on at night - who owns the flats - who's paying the mortgages here? Who's selling? 3. Boat Any lights ever on here? 4. Obel Only a few lights on at night - who owns the flats - who's paying the mortgages here? Who's selling? Who's renting at silly rents ? 5.Titanic Quarter Only a few lights on at night - who owns the flats - who's paying the mortgages here? Who's selling? Who's renting at silly rents ? 6.Cathedral Quarter/Custom Square/Victoria Centre How many developments is there in such a square mile - its embarrassing!! Why no fire sales(US style) for all these unoccupied homes from the individual owner /developer/other/NAMA/.......the greed times in NI will never come back (end of!!) - Granny always said half a loaf is better than no loaf - flat owners/developers whats going on?? Is every flat really owned by then banks then? They decide wht to do? Titanic Quarter - who would rent these flats at the quoted rents? Its NI for goodness sake not Arab mayfair!! Would one buy a can of baked beans for a £5 - I think not - why o why did people buy or rent at the greed prices??