eric pebble Posted August 5, 2009 Share Posted August 5, 2009 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 Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 5, 2009 Share Posted August 5, 2009 And yet off plan is the new fashion.....see the other thread. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted August 6, 2009 Author Share Posted August 6, 2009 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. Quote Link to comment Share on other sites More sharing options...
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