Jump to content
House Price Crash Forum
Sign in to follow this  
Gerinako

Fantastic Spin

Recommended Posts

It reminds me a bit of one of those pronouncements from the former Minister Muhammed Saeed al-Sahaf[/url]!07-minister.jpg

I suppose it is conceivable that HH sales are up one % on last year. If they sold one enormously expensive house for instance, it could make up for all the stagnancy in the books. The volume of sales is so low these unusually large sales can have quite a big effect on statistics of this quality and allow the likes of Muhammed Saeed to gleefully make press releases of that sort!

As to who would buy an enormously expensive house on the Isle of Man when it looks like its approaching such a change in fortunes?.. maybe not an individual, but a business/corporation that can claim tax benefits by apportioning a significant proportion of the asset value to business purposes? A limited company that takes out the mortgage then defaults on it if the secret beneficial owner decides the market has dropped so much that its not worth as "tenant" to continuing to pay the rent that was covering the mortgage payments?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.