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Converted Lurker

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  1. Didn't this guy leave just before a big round number post?

  2. Hey CL, not seen for a very long time.

  3. 9,999 posts.

    Make the 10,000th one count!

  4. iirc the very top end has doubled in property for sale as prices have fallen 25%, (over the past 12 months) but don't quote me on it, just one of those assimilated, reading thousands of posts/articles, bits of acquired knowledge...
  5. meant to add that the govt owned bank repossessed 60% more properties in 2008 when in govt hands than in 2007 (when it wasn't...for most of the year)
  6. Good points re margin calls, particularly number 3. Motto 5: trade what you see, not what you think.
  7. Northern Rock, the nationalised bank, today revealed an 80 per cent increase in the number of its customers falling behind on their mortgage repayments by more than three months. The bank said that 17,264 mortgage accounts were now in arrears up from 3,492 at the end of 2007. This was equivalent to 2.92 per cent of its total mortgage book, which is well above the industry average of 1.88 per cent. Northern Rock's worse-than-average position is largely due to arrears in its Together mortgage portfolio, which was on sale before the bank's collapse. The Together product allowed customers to take a mortgage out and get a personal loan on top and arrears for this product now stand at 4.5 per cent — nearly three times the national average. The Council of Mortgage Lenders (CML) has estimated that 75,000 homes will be repossessed this year as unemployment rises, up from 25,900 in 2007. http://business.timesonline.co.uk/tol/busi...icle5836791.ece
  8. London town is still falling hard, when you do a search on RM for properties over 3,000,000 (of our not so great British pounds) and 874 come up you realise it has a long, long way to fall... iirc the are currently 3,000 properties above 1,000,000 million currently for sale in Londonium...
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