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The Masked Tulip

Us Property Dream Has Turned Into A Nightmare

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I couldn't see this as another thread or in the news blog but it is well worth a read.

Stockton was a boom town near San Francisco. It flourished during the past 8 years as, after the dot.con bust and gradual recovery, loads of people priced out of SF or the other satellite towns began moving a bit further out. If you looked on Google maps a few months ago satellite photos of the place showed loads of land that had already been divided up as plots ready for house building. Those hosues have since been built and now...

On an otherwise desolate street corner to the north of Stockton's downtown area sit three colourful buses in a car park. Some of the estate agents and mortgage brokers have started running bus tours of homes that are subject to foreclosure.

"Repo Home Tour" read the signs on the vehicles, which are daubed with pictures of people cheering and smiling - not quite the image one might expect given the grim subject matter in hand.

http://www.telegraph.co.uk/money/main.jhtm...C-mostviewedbox

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http://news.bbc.co.uk/1/hi/business/7164898.stm

I've posted this link, and i'll probably post it again.

At the height of the buying frenzy, in 2006, Will Trawick was selling new homes for a Stockton developer.

Faced with crowds of a hundred buyers, bank loans in hand, all chasing the 20 houses he might have on offer, he organised bingo-style lotteries.

Bingo style lotteries??!!? Classic mania behaviour....and utterly crazy.

For the UK version, see:-

http://news.bbc.co.uk/1/hi/england/west_midlands/4347476.stm

Apartments in the Birmingham Rotunda building which went on sale on Saturday sold out in 20 minutes....The last 50 apartments were sold on Saturday to dozens of people who queued overnight to buy them although they will not be finished for three years.

People queued overnight.....!!!!! Check out RM now to see how many of these flats are for sale or have had the rent costs cut down. Bear in mind that the flats were released Mid May.

Check this link:- http://www.bbc.co.uk/birmingham/your_birmi..._treasure.shtml

The Rotunda

Possibly Birmingham's most famous landmark building, but is it just a giant loo roll in the sky?

:lol::lol::lol:

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  • 396 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%



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