Thursday, May 22, 2008

Estate agent shocker

Estate agent shocker

I'm presuming Robert is a "doom-sayer" bear ... "Britain's largest estate agent, Countrywide, has toggled. ... If it weren't for the way that Apollo screwed this mind-boggling deal out of the lenders - if Countrywide hadn't been able to suspend cash-interest payments and borrow to pay interest - the prospects for this business and their jobs would be a good deal worse (though in view of the mess in their market, that's probably not a reason to be too cheerful)."

Posted by doomwatch @ 02:27 PM (1076 views)
Please complete the required fields.



4 thoughts on “Estate agent shocker

  • letthemfall says:

    Now we know what became of Peter Pan and the lost boys. They went to work for the banks. Children often ask why can’t everything be free. Now we know that it can. And soon a lot of people will find out that it can’t.

    Reply
    Please complete the required fields.



  • This seems consistent with the idea that a whole country (the u.k.) can become rich just by swapping houses at ever higher prices.

    Reply
    Please complete the required fields.



  • The lenders, who agreed to such crazy terms, must be high priests in the ancient art of vodoo economics.

    Reply
    Please complete the required fields.



  • it_is_going_with_a_bang says:

    “even if the housing market remains flat for as long as that (which he says he doesn’t expect).”

    This is no doubt coming from someone who 12 months ago would have said in 12 months prices will be up and up and sales up and up ….
    Seriously doubt he has any idea of the next 12 months let alone 3 years.

    “expectation” hmmmmm sounds like the ‘thing’ that was holding the housing market up to me…..

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>