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Tummybanana

*head* Desk!

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"But no, I've thought about it long and hard. I have 30 years experience, and I know this area backwards. Besides, I can't do anything else."

you can clean floors

walk dogs

lay dry stone walling

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This is just dumbies getting caught in the trap. There is always a bull trap about 20-30% into a crash. Only another 70% to go then :lol: Roll on the recession!

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"If we can hang on in there, and survive this year, then when the good times come back we'll be in a good position to capitalise," he explains.

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"good times".......? Good for who? Another generation of priced out young (or not so young) people?? in ordinary jobs who would dearly love to get a decent home together were it not for these deeply unpleasant. property obsessed vultures waiting to "capitalise". They deserve everything that is (hopefully) coming to them. This guy seems to think it will all be sorted in a year and the merrygoround will start all over again. What a damnable thought.

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Actually, you could start an EA in this climate.

Your slogan would be "We guarantee to sell your house"

The guarantee would be that if they haven't sold the house within six months, the vendor pays nothing - no HIPS, no marketing.

The way you play it is that you value and market the properties so that they are always cheaper than comparable houses from other agents. i.e. you price in a 25% drop minimum and you don't sign up any vendors who aren't realistic. You particularly specialise in "distressed sellers" and keep dropping the price every month until the house sells.

You could make a fortune, even in this climate, if your EA sold every house in your local area.

And you would be accelerating the crash.

Hey, that's an idea... aren't there lots of new loans for businesses as of yesterday? :D

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THIS is news??

I think it is better than news, it is the end of denial.

Did nobody else notice this sentence?

But opening a business like this in the steepest housing crash in history?

I think it needs to be here for posterity, because it won't be long before it is changed to "But opening a business like this in a global downturn that started in America?"

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"But don't get carried away," cautions Mr Sykes.

"She'll have plenty of people through the doors this year. Everyone loves talking about houses.

"But 2009 will be quiet. There'll be no serious trade until next year. Green shoots? Not yet, no."

I quite liked this bit too ..... No green shoots here either it seems .......

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"As an agent with Humbert's, a big chain, she traded chocolate box cottages and beautiful stone mansions in the Yeo Valley, the Chew Valley and the Mendips. "

If you go to http://www.humberts.co.uk/c_compile.dtx?te...officecriteria=

it says "Key contacts: Director Debbie Fortune" .

Slight difference between Agent and Director .

So not content with screwing up one lot of creditors when Humbert's went bust she's gonna do it again .

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I have 30 years experience, and I know this area backwards.

This just gets funnier on a second reading. Being an EA based on the accumulate knowledge of the last 30 years (and especially the last 10) is not going to prepare her for the next 5 years. You need to know the area looking forwards not backwards to survive now ......

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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