is it me

Is it bed time yet ? Well, that is what i think anyway

What i cannot understand is why all the borrowers did not ask the simple question-' how am i going to repay this ?' Oh i know they were told property never went down in value so the more they borrowed the more they made, but it just goes to show ' a fool and his money are easily parted'. Surely every salesman in the country knows that if you want to sell something then appeal to the greed that we all suffer from.

Maybe it is so long since they sold a property that they have forgotten the protocol (when sold, remove property from window.) Either that or they want to build up interest for when you decide to sell (what is the average time from property on market to property sold now ? )

I had heard that the reason for the breakfast meeting was that it was a chance to feed the bankers who due to the credit crunch and the rising cost of food, can no longer afford to feed themselves. I believe there was a concern that bankers dying of malnutrition would have a negative effect on labour's local election hopes. Maybe i got this wrong.

Friday before a bank Holiday when the sheep are terrified what will happen when they are on holiday There is 2 in May !

You can borrow the money to pay the fee so it is not real money- oh, is that what got us here in the first place

Let us know when it is sold and for how much. There are lots of nice areas of Whitley Bay and it is only a short metro ride to the bustling metropolis of Newcastle. I am sure lots of NR staff live there.

Why is England unable to think in the long term. Morons buy houses and have no plans on how they are going to pay for these as they only pay interest on their mortgages no doubt expecting future generations to repay their debt. I did a degree in the 1980s and as a result earn/ will earn around £30k pa. more than i would have without a degree. At 40% and for 30 years . I will have paid back £360k ! so why should anyone have to take out a student loan ! Same applies to pension provision. Wake up, England, life is for the long term

Does having 'slave points' mean that they throw in a free butler and housekeeper. I am just amazed they come pre equipped with a phone point and a TV aerial socket. They will be throwing in the light bulbs next

Every business will suffer. the question is how much . Economists are used to talking in terms of luxury goods (new cars, holidays) versus necessities (shelter, heat, food) Luxury goods will suffer the most. Just look at your local garage and tell me how many '08' cars you spot on the roads (That are not company cars or on 3 year leases) There will be some effect of people trying to take cheaper holidays in the Uk (and avoid T5) but when it comes to paying the mortgage/paying off 'maxed' out credit cards or having a holiday people will not be having holidays Seems to me the person who wants £1,200 a week for a Cornwall flat is of similar mind to the lady who was surprised not to be able to rent a flat in Bradford out at £850 a month.

So if i buy this and tell the mortgage company i am paying £3.75 million, then i will have £250k to finance the mortgage for 12 months. In 12 months time I sell the property for £4.0m (prices only go up in edinburgh never down and this only aaumes a modest 14% growth) then I have lived with no mortgage cost there for 12 months and walk away with £275k. I could even rent out the rooms and make even more money. I can see no flaws in this plan ?

Has anyone built into the model yet that for evey £1,000 deposited the staff get £500 in bonuses.

Even though I have no idea what any of this is about I believe there is an ex bank boss in Newcastle looking for new business models and this may be useful to him. All you need is a risk analysis showing this is low risk , or better still no risk at all, and off you go.

Has Adam Applegarth had his leaving party yet ? That should boost the Newcastle nightlife ?? I suspect there will be other 'Directors' (they gave Direction to NR !!) who will also be holding leaving parties. Time to buy shares in S&N

Be interesting to see if NR offers 125% mortgages now that ' Prudence ' is in charge. Why not start a futures market in house prices and offer a loan based on future value in say 5 years time. The value of the house is bound to be more in 5 years time so this could keep house price inflation going ad infinitum until of course Joe Bloggs cannot afford to service the debt- oh hang on, is that not where we are now.

We seem to have forgotten that the real situation is ' builder says flat is worth £100k but offers to pay the £10k deposit so actually the cost is £90k bought with a 100% mortgage.' Person who suffers is the next person along who thinks the original cost was £100k and so overpays (or the next person or the next person which is why it is a typical pyramid selling con.) :angry:

yes, they surely meant £5.75 and £30,000 cashback ! Oh, hang on its not a Barratt home is it

I have had no offers from credit card companies for ages and then last month I left a balance on the card and this month I have had 2 offers !! Is this a coincidence ? Givn the amount of interest i paid I will never leave a balance on the card again. It will be cheaper to pawn the wife (I said PAWN)

Please tell me they added an extra '0' on this price by mistake. This house is apparently on 2 floors - aren't all houses ? It needs complete renovation - I cannot believe it ! Mind you they are throwing in the staircase free of charge. Let me know who buys this - I have some NR shares to sell - bargain at £12 each

St Albans has got a TK max now !! Glad I moved; it is going downhill When you cannot afford to heat your house and cannot afford gym membership, best thing to do is have a walk around to get warm or go and sit in the mall

The bad news about this is the additional congestion it will cause The good news is that it will implement the 'old labour' doctrine of reducing everyone to the lowest level. It is impossible to teach a class of mixed ability children. I went to a comprehensive and even there we were put in sets so that the more able children could prosper. Now that MvDonalds will be handing out A levels free with every happy meal education is no longer important anyway The other piece of good news is that people who bought overpriced houses are heading for negative equity

Estate agents would have us in aworld of negative rates. Don't panic becuase whatever happens to interest rates buyers have got whiff of the reductions they can demand and it will take a lot more than a change in interest rates to alter this.

As Alistair Darling and Mervyn King no doubt access this website to find out what is really happening in the economy , I think it is useful to remind them that we are all watching what happens with the NR today and will hold them accountable if the taxpayers money is not repaid by February 2008. I am sure that today being Children in need day is a coincidence and not an attempt to hide bad news although a large public donation by Adam Applegarth (c£2m+), of the money he has taken from the NR, might help us swallow any bad news :angry:

There would presumably need to be referendum on this ? Maybe Mr Darling should offer to refinance everyone who cannot afford their mortgage any more ? Is Adam Applegarth really going to continue to receive £1m + a year whilst the taxpayer bails out his failure. if so does this become some sort of state benefit ? :angry: