Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

arunadasi

blisk wrote: »

Maybe cause you'r gouing to lose sheds loads of money.

I'm going to lose my sheds? Good grief!:eek:

MrDT

novazombie wrote: »

Can you please post the site to look at?

http://www.barnardmarcusauctions.co.uk/, lot 105 on Monday.

It's freehold, I believe you would be able to live there if you liked. Wouldn't suit many people though, and it's not a good place to be outside of June-August

Sorry PN, for some reason I had it in my head that you were in Cornwall or Devon! May as well be, Cardiff is probably closer to there than North Wales

John_Pierpoint

Good spot for mosquitoes ?

sabretoothtigger

25k seems allright but 10k would be even better and not impossible in wales.
This place would be in the same region as that aluminium processing firm and nuclear power station that is closing down, so unemployment but no nuclear is probably a positive

RAF valley is also in this area I think, where jet fighters launch from for training in the welsh mountains to simulate places like afghanistan

My worry is this property appears to be 50m from the high tide line. Not sure it'd be great place to be in a storm surge but the gradient isnt possible to see obviously

Buying something like this seems a much more attractive and practical investment then shares,etc which have no base value and this does

sabretoothtigger

sabretoothtigger

Just saw a pretty common sense talking video which basically discuss the horrible conflict of interest occurring in the american markets. The fed is blocking the FDIC from seizing insolvent banks like our FSA did with b&b - it seems to hold a similar position

Also mentioned is the sp500 hitting 600 which is a further drop of over 20% from any recent low


http://in.youtube.com/watch?v=_NEkwuXp7aI

Christopher Whalen is the analysts name, a critic of Alan greenspan. Sign upto his newsletter here http://us1.institutionalriskanalytics.com/Register.asp

http://en.wikipedia.org/wiki/Institutional_Risk_Analytics_%28IRA)

http://en.wikipedia.org/wiki/Glass-Steagall_Act

Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, and signed by President Bill Clinton.[2][3]


The repeal enabled commercial lenders such as Citigroup, which was in 1999 then the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities. [12]

:doh:

John_Kenneth_Galbraith wrote:

The singular feature of the great crash of 1929 was that the worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximize the suffering, and also to ensure that as few as possible escaped the common misfortune. The fortunate speculator who had funds to answer the first margin call presently got another and equally urgent one, and if he met that there would still be another. In the end all the money he had was extracted from him and lost. —, "The Great Crash

john539

Well we're now officially in Recession, as if we didn't alraedy know.

UK in recession as economy slides

What next, this country really is in a bad way, collapse of pound, loss of manufacturing, massive imports, collapse of housing & financial markets, shops closing everywhere, unemployment rising.

RDB

What did that 25k guide price place in Wales sell for?

MrDT

RDB wrote: »

What did that 25k guide price place in Wales sell for?

Auction today, dunno when they'll update the site. Find out tomorrow maybe?

john539

MrDT wrote: »

Auction today, dunno when they'll update the site. Find out tomorrow maybe?

Looks like it sold for £31k.