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eric pebble

Buy-to-let Firm In Administration

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Buy-to-let firm in administration

Five hundred investors are set to lose deposits of up to £20,000 which were put down on unfinished residential apartments in Manchester.

NONE of this is at all surprising to those who have half a brain in their head...... Symptomatic of the UTTER STUPIDITY of the property "boom".....

Read all here:

http://news.bbc.co.uk/1/hi/england/8184406.stm

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And yet off plan is the new fashion.....see the other thread.

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And yet off plan is the new fashion.....see the other thread.

Yeah -- it's all SPIN SPIN SPIN by the VI's for the last few months..... They really are pathetic.

Simple question: How can the average Brit earning under £20k "afford" to buy the average shithole/dog kennel for the average "price" of £150k?

Answer..... amazingly enough is....... he can't. It's totally impossible. Unless he lies [to himself] and the lender lies too - to its shareholders.....

The SPIN SPIN SPIN of the current times is incredibly sad - and boring.

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