Go and make your peace with the missus, Joe, get a bit of lovin'...
Are Baretts the homebuilder about to go bust?
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confidentincompetent
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Here comes the recession has i predicted 1 year ago looks like those like this chap above will eat there words has usual.
Makes you wonder who was actually going to buy all this housing stock, even when things were "good" in the housing market.
They went mad in Norwich, building alongside the river and were already having trouble selling these over-priced, poorly-constructed monuments to avarice some 18 months ago.
Bought predominantly by buy-to-let merchants, the area is infested with tenants, so "real" purchasers don't buy - and those few that have must think it's the worst decision they ever made.
They went mad in Norwich, building alongside the river and were already having trouble selling these over-priced, poorly-constructed monuments to avarice some 18 months ago.
Bought predominantly by buy-to-let merchants, the area is infested with tenants, so "real" purchasers don't buy - and those few that have must think it's the worst decision they ever made.
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There's a swanky development near to us that they are tying to shift £350 K up to a £million.
They are advertising on radio and in the press but as far as I can tell - no takers. The car park is always empty apart from security.
They are even offering free barge poles - but, alas, no takers.
A lot of people are going to lose a LOT of money any time now.
Banatines Gym will be a big loser. Recession really hits the leisure industries.
They are advertising on radio and in the press but as far as I can tell - no takers. The car park is always empty apart from security.
They are even offering free barge poles - but, alas, no takers.
A lot of people are going to lose a LOT of money any time now.
Banatines Gym will be a big loser. Recession really hits the leisure industries.
Bovis and Redrow just announced 5000 jobs are being cut. 
Anyone got any good news?
Anyone got any good news?
Joe may be a bit OTT sometimes, but the general way we're flowing is definately downstream!
And this ain't just the start of a normal downturn - it's different because previously there's always been money available to fund so-called 'recession proof' businesses/banks. But 'money' has always been based on the principle that there are worldwide assets (for that read commodities) that will always be there - but they are now running out!
Which means the value of 'money' is no longer certain..
Mind you, there is always a silver lining...
A development near us which involves destroying an ancient woodland has been put on hold, and a jumped-up distant relative had to hand back his SLK to persimmons a few weeks ago...
And this ain't just the start of a normal downturn - it's different because previously there's always been money available to fund so-called 'recession proof' businesses/banks. But 'money' has always been based on the principle that there are worldwide assets (for that read commodities) that will always be there - but they are now running out!
Which means the value of 'money' is no longer certain..
Mind you, there is always a silver lining...
A development near us which involves destroying an ancient woodland has been put on hold, and a jumped-up distant relative had to hand back his SLK to persimmons a few weeks ago...
The value of money is always certain ellal because its a virtual entity i.e. it can be made to represent whatever we like.
Today's commodities are oil, gold, precious metals and stones etc ... If they run out or everyone has too much of them we simply make the value something else ... Something that the US has most of
MW
Today's commodities are oil, gold, precious metals and stones etc ... If they run out or everyone has too much of them we simply make the value something else ... Something that the US has most of
MW
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The value of money is always certain ellal because its a virtual entity i.e. it can be made to represent whatever we like.
Today's commodities are oil, gold, precious metals and stones etc ... If they run out or everyone has too much of them we simply make the value something else ... Something that the US has most of
MW
Tell that to the Germans in the 30s. A barrow load of dosh for a loaf of bread.
It's called hyperinflation.
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