Jump to content
House Price Crash Forum
ralphmalph

Another Labour Luvvie Property Developer

Recommended Posts

http://www.thisislondon.co.uk/standard/article-23947405-loans-crisis-may-force-winterson-to-sell-her-pound-22m-home.do

Why is it that the so called "progressives" all have to have loads of properties and then can not understand when a bank says "you have too much risk to property so no more mullah."

Well money used to grow on trees before

Share this post


Link to post
Share on other sites

Incredible.

So she owns an expensive house in London and a country pile in the Cotswolds... but felt the need to get into property speculation... Property Porn has a lot to answer for.

I like this quote:

"So what shall I do now? I would like to live in the house for a while simply because it has taken a year of my life and it is so beautiful.

Does that mean that by living in it for a year she can register it as a home and not a business speculation so will be liable for less tax if and when she sells it.

I never know about these articles - are they just naive admitting they are in trouble re loans on a property, thereby advertising to all that they need to sell? Or are such articles just clever marketing ploys?

Share this post


Link to post
Share on other sites

"I paid for everything by short-term borrowing secured against other properties I own and funded by my fabulous bank Arbuthnot Latham. But Arbuthnot doesn't do mortgages."

Sounds like a place to have some STR money?

Share this post


Link to post
Share on other sites

http://www.thisislondon.co.uk/standard/article-23947405-loans-crisis-may-force-winterson-to-sell-her-pound-22m-home.do

Why is it that the so called "progressives" all have to have loads of properties and then can not understand when a bank says "you have too much risk to property so no more mullah."

Well money used to grow on trees before

Doubt anyone will feel sorry for her! The risk is that the properties will all fall in value and the loans be too HIGH a LTV. Best get on and sell one then, helping along the .....uhmmmm fall in property prices. It will happen to lots of people this year. Sellers are piling up, buyers holding back. That recipe is the time honoured HPC concoction.

Share this post


Link to post
Share on other sites

I never know about these articles - are they just naive admitting they are in trouble re loans on a property, thereby advertising to all that they need to sell? Or are such articles just clever marketing ploys?

She's got more than two houses....?!

"I paid for everything by short-term borrowing secured against other properties I own and funded by my fabulous bank Arbuthnot Latham. But Arbuthnot doesn't do mortgages."

You mean other properties the bank owns my dear?

I'm inclined to agree with you TMP. but no shots of fabulous interiors so I guess not. :unsure:

Also not wise to announce to the world you are about to be repossessed (if she is and its not a clever sales ploy).

Edited by Sir John Steed

Share this post


Link to post
Share on other sites

Another debt-fuelled feckwit for the funeral pyre, just she has better taste than most. No koi carp there, I suspect.

At the end of the day she's spending money she ain't got, so it can't be that hard for her to fathom that someone other than herself has the power to truncate the renovations prematurely.

Share this post


Link to post
Share on other sites

I remember being forced to read "Oranges Are Not The Only Fruit" at school for A-Level English. Self-indulgent shit.

She is among many caught out by the huge downturn in mortgage approvals since the financial crisis when banks and building societies slashed lending and began demanding large deposits.

Back to the 1970s for you, Jeanette - indeed, for all of us. I know how much you enjoyed it the first time round. Maybe you could write a book about it (boo hoo hoo).

Hehe.

Share this post


Link to post
Share on other sites

I remember being forced to read "Oranges Are Not The Only Fruit" at school for A-Level English. Self-indulgent shit.

Back to the 1970s for you, Jeanette - indeed, for all of us. I know how much you enjoyed it the first time round. Maybe you could write a book about it (boo hoo hoo).

Hehe.

its not really back to the 70s its different: she has the advantage of low interest rates this time but that is because there is the disadvantage of massive private debt as well as public debt this time. The low interest rates due to private debt will continue to help as long as the govt is perceived solvent but the high private debt has the potential to spank asset prices at any time if defaults rise and credit money is destroyed. The 70s it is not

Edited by georgia o'keeffe

Share this post


Link to post
Share on other sites

I remember being forced to read "Oranges Are Not The Only Fruit" at school for A-Level English. Self-indulgent shit.

Now she can write the sequel, "Houses Are Not The Only Investment" about a feckless, conformist property invester who is seduced by the uncharted pleasures of the bond market.

Share this post


Link to post
Share on other sites

Because leftists are liars and people are gullible.

Its a lot easier to gain people's trust by lieing and telling them youre a socialist than it is by telling them the truth and you look after no 1.

More to the point, does anyone else think these 'bliar babe' types roll off a production line?

Jeanette Winterson; Ponzi property spiv.

Jeanette-Winterson415.jpg

Vicky Pryce: Chris Huhne's ex floozy.

article-1384952-0BF754D300000578-23_468x385.jpg

Uncanny.

Share this post


Link to post
Share on other sites

Isn't that more to do with crossing the right palms with enough taxpayer's silver?

its purely confidence which is prone to change in an instant, Iceland and Ireland were perfectly solvent until they werent, clearly solvency (personal and govt is a binary function). Id wager uk solvency is still good for a few years but i dont think quite a few UK individuals and companies solvency has that long

Edited by georgia o'keeffe

Share this post


Link to post
Share on other sites

its purely confidence which is prone to change in an instant, Iceland and Ireland were perfectly solvent until they werent, clearly solvency (personal and govt is a binary function).

If confidence is a binary function it's a good job that we gave the financial sector enough taxpayer's cash to flick the switch from 0 to 1.

Share this post


Link to post
Share on other sites

Under her photo, the blurb descibes her as the VICTIM in all this. The world conspired against her!

Give her a round the world cruise and £500 John Lewis vouchers. The poor woman!

Share this post


Link to post
Share on other sites

Under her photo, the blurb descibes her as the VICTIM in all this. The world conspired against her!

Give her a round the world cruise and £500 John Lewis vouchers. The poor woman!

On the plus side it confirms that the media as ever dont understand what is happening, on the downside its depressing to understand that she was effectively the cause of all this, it makes you think of the picture of that mythical bloke forever pushing the stone up the hill

Share this post


Link to post
Share on other sites

Now she can write the sequel, "Houses Are Not The Only Investment" about a feckless, conformist property invester who is seduced by the uncharted pleasures of the bond market.

:lol: You are good, I'm stealing that .

Share this post


Link to post
Share on other sites

+1

I wouldnt touch her with yours.

Thanks for not touching her with mine! It's been bugging me but know I realise she's Dave Mustaine's (Megadeath) brother. They could have been twinned in metal hell. :blink:

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...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 309 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.