Tuesday, October 14, 2008

So just how exactly are house prices meant to go back up if there are no bonuses?

Brown targets fat cat pay after nationalising banks in £37 billion bailout

Because here http://www.thisislondon.co.uk/standard/article-23572439-details/London+house+prices+cut+by+20+per+cent/article.do it says THE chance to snap up a London property bargain has opened up, the Standard reveals today. The "window of opportunity" has been created by prices depressed by the global financial crisis. Purchasers have been told that now is their best time to close a deal before the Government's £37 billion bank rescue restores confidence to the market. [...] Peter Rollings, managing director of agents Marsh & Parsons, said: "We're 20 per cent down. There are some very, very keen sellers out there. But yesterday was a line in the sand and things should gradually get better."

Posted by sneaker @ 12:43 PM (553 views)
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5 thoughts on “So just how exactly are house prices meant to go back up if there are no bonuses?

  • planning4acrash says:

    Total Orwellian doublethink. Brown gives bankers £37mil declares that bankers won’t get bonuses. Doublethink, the simultaneous holding of two opposing ideas that cancel each other out. Read 1984 by George Orwell.

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  • planning4acrash says:

    “In the empire of lies, telling the truth becomes a revolutionary act” Orwell, from 1984.

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  • planning4crash

    Why don’t you just start your own blog? Nobody here is the least bit interested in what you have to say.

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  • All well and good stopping Boardroom bonuses, but has anyone ever worked anywhere, where the Board has even the slightest hint of a clue what goes on in their company? Who is going to stop the dealers where this stuff happpens – 17 layers of management below the Board?

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  • I am as angry with financial institutions and the Gov as anyone, however the Government has to do something to stop the whole country disappearing into the sea.

    To me a freezing of bonuses & dividends until the Gov debt is paid back + a 12% interest rate at least feels like a step in the right direction…

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