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The Masked Tulip

Hotel Folly On Bbc 4 Tv Now

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Quite amazing how different a view this shows to something like homes under the hammer.

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Quite amazing how different a view this shows to something like homes under the hammer.

Indeed.

I find some of the comments very Interesting especially as this is the bbc, eg...how she commented you maintain the fiction you own the property, but you don't really until you have made the last payment.

And also how she said that "everybody has been encouraged over the last 10 years, and property has always been pushed forwards, as the way to wealth, you couldn't look at the tv or open a newspapers without being told to buy or do up your house, to do better."

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Indeed - found myself quite surprisingly feeling for her. Seemed pretty switched on but was honest about how she was just sucked in by it all.

Rather depressing programme really. Wasn't expecting that in the end. :o

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Indeed - found myself quite surprisingly feeling for her. Seemed pretty switched on but was honest about how she was just sucked in by it all.

Rather depressing programme really. Wasn't expecting that in the end. :o

When she first started argueing with the neighbours I thought narky bitch, then I warmed to her as i watched it properly. Did think early on it would be better as a hotel with the area/situation, and ironically her husband dying saved her with the life insurance payout, bet he was insured up to the eyeballs. Christ no way that was only worth half a million, even around that time with the lending crisis.

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It was not only ironic that his life assurance saved her, but also that his death was almost certainly related to the stress of being in inescapable debt.

The banks showed their true colours as usual. It is disgusting how they can support your plans initially then get cold feet halfway through, pull out, and leave you with a half complete business, no income, and a mountain of debt and increasing bank charges. There should be a law that prevents this where an agreement for continued funding for a plan has been made originally. If the bank don't like it, they shouldn't fund it in the first place.

I did notice though that her answer for every problem was to go out and buy more stuff.

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The banks showed their true colours as usual. It is disgusting how they can support your plans initially then get cold feet halfway through, pull out, and leave you with a half complete business, no income, and a mountain of debt and increasing bank charges. There should be a law that prevents this where an agreement for continued funding for a plan has been made originally. If the bank don't like it, they shouldn't fund it in the first place.

I saw a program about that sort of behaviour around 25 years ago (last crash) and it always stuck with me. Business people were putting their lives in the hands of the banks. If it suited the banks, you got to live.

A friend of mine put £200K of savings into a business, had agreed a business plan and overdraft with the bank to cover cash flow for the first few months. They "revised their policy" as soon as he opened up and told him to use their credit card at their new 30% rate. Well stuffed. He's now losing the house and subsequently the wife and kids.

It's all in the contract. People should read them before signing their future away.

One thing I've learnt is that when I'm asked to sign a contract, it's not for my benefit.

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