werewolves Posted June 22, 2008 Report Share Posted June 22, 2008 Old Donald Trump, on the verge of a 1 billion investment in UK real estate, feels that we will avoid the worst of any property plunge. Nothing like a bit of VI spin to feed the bulls out there. http://business.timesonline.co.uk/tol/busi...icle4193503.ece Quote Link to post Share on other sites
rettah Posted June 23, 2008 Report Share Posted June 23, 2008 Speaking to The Times Mr Trump said that Britain did not have so much over-supply, a problem that has seen the US endure one of the worst property recessions since the 1930s....... and then he has this to say: The problem with the US market is nothing to do with supply and demand, it is because people cannot get credit So it is and isn't to do with over supply! Classic. We have exactly the same issue as the US - Lack of credit and will consequently have a similar housing crash........except we're starting to fall from much higher up. Quote Link to post Share on other sites
Guest The_Oldie Posted June 23, 2008 Report Share Posted June 23, 2008 Trump is a dyed in the wool property bull, he nearly lost his shirt in the early 90s. Quote Link to post Share on other sites
Guest AuntJess Posted June 23, 2008 Report Share Posted June 23, 2008 Trump is a dyed in the wool property bull, he nearly lost his shirt in the early 90s. Don't you mean 'dyed in the hide'? Quote Link to post Share on other sites
gasket37 Posted June 23, 2008 Report Share Posted June 23, 2008 well he is in denial about his male pattern baldness, so i guess he can be in denial about the property market too! Quote Link to post Share on other sites
Minos Posted June 23, 2008 Report Share Posted June 23, 2008 well he is in denial about his male pattern baldness, so i guess he can be in denial about the property market too! It's a good job he's got money. Quote Link to post Share on other sites
clipp Posted June 23, 2008 Report Share Posted June 23, 2008 Like a knight on his charger the infamous Donald Trump is riding to the rescue of the UK government suggesting that UK property will not suffer the same fate as US property where prices have collapsed over the last 12 months. Trump, who is in the process of finalising a £1 billion golfing development in Scotland, believes that the UK property market has not been over developed during the last decade, leaving a healthy gap between natural demand and natural supply (the UK has always had a system where the balance is always in favour of demand). http://financialadvice.co.uk/news/9/proper...K-Property.html Quote Link to post Share on other sites
werewolves Posted June 23, 2008 Author Report Share Posted June 23, 2008 well he is in denial about his male pattern baldness, so i guess he can be in denial about the property market too! Nothing some fur and superglue can't fix... Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.