Tuesday, Oct 17, 2006

Deja Vu?

David Wilson Homes: Holiday Offer

Ok, this is not a News article as such, but might be of interest.
This is what new builders are doing near us now, we've had the cash backs, now the free holidays, I'm just wondering when they'll be doing the new Sports car.
As you can see, new builders are so scared to drop prices to get a sale, there trying all the tricks the Yanks did before they crashed.

Posted by kpjcomp @ 12:29 PM (2901 views)
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4 Comments

1. Sam said...

yeap, I remember in the early 90's new flats in london docklands came with a 'free' Porsche 928.

Tuesday, October 17, 2006 01:23PM Report Comment
 

2. japanese uncle said...

Chain reaction, once started, will never be stopped by anyone save God, quite like A-bomb.
Downward spiral will most probably end up with 65% drop, even 85% in some "hot spots".
Builders may well avoid becoming the poor guy "to push "all-out property nuclear holocaust" at any cost.
Holiday to SF, easy thing, man.
.

Tuesday, October 17, 2006 04:07PM Report Comment
 

3. Nohpc said...

japanese uncle. 65% to 85%? Sorry but that is a ridiculous forecast. Even sitting on a big debt at the moment if the market crashes by 85% i will be happy as I can then buy a mansion in the west end of london.

Wednesday, October 18, 2006 09:14AM Report Comment
 

4. the bald man said...

If I bought a property in Hull at those prices I would need a holiday to calculate how to get an investment return!

Wednesday, October 18, 2006 09:19AM Report Comment
 

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