I Owe £100million. Will I Lose my House? (Turner/Bovey Extravaganza)

PasturesNew

lesley1960 wrote: »

...he does seem to have several other companies on the go

I think you mean: he does seem to have several other companies ... gone.

kennyboy66_2

macaque wrote: »

To be fair, HPC were bang on. Years ago they said that house prices were too expensive and predicted serious consequences for the economy if sanity was not restored. As it is, the lenders and the government decided to throw rational economics to the wind and push house prices to even more crazy levels. As a result, ill advised property buyers went like lambs to the slaughter.

If instead of mocking HPC, people had taken their advice, the economic catastrophy we face today would have been avoided.

There have been HPC doomongers in one guise or another every since I took any interest in economics in the early 80's & I am sure since time immemorial.
Bob Beckman in 1983 published "The Downwave".

People who I respect cautioned me not to go any higher on the property we bought in 1999. Thankfully I ignored them.

In the end, you can't live your whole life worrying just about future disaster.

ALIBOBSY

Lotus-eater wrote: »

I don't know if she actually said this "Our backs are against the wall—we may even lose our mansion" but by gum, its bloody funny

She's already said before that she doesn't do her own cleaning.

I can't help but not like her.

Next we'll find out that Nigella doesn't do her own cooking! (But I would forgive her )

Nigella recently said the only thing she does do is the cooking. She reffered to herself as a domestic !!!!!! (as opposed to goddess) as she hates housework and avoids it at all costs.
Hurrah we are normal hating ironing rofl.

ali x

neverdespairgirl

zappahey wrote: »

Wow, that's a lot of cleaning.

A lot of sitting on her backside watching other people cleaning, more like!

WTF?_2

The people whose 'success' is really just borrowed cash are usually the ones who feel that they have something to prove.

Conrad

kennyboy66 wrote: »

There have been HPC doomongers in one guise or another every since I took any interest in economics in the early 80's & I am sure since time immemorial.
Bob Beckman in 1983 published "The Downwave".

People who I respect cautioned me not to go any higher on the property we bought in 1999. Thankfully I ignored them.

In the end, you can't live your whole life worrying just about future disaster.

Yes I agree with all of that and have said similar.
My own ire is especially reserved for those that told me I was mad to ever think property prices would fall, and all those brokers and others Ive met who bought into the whole bandwaggon with BMV 15% discounted new builds and so on.
Those types were so borish and so arrogant about thier financial prowess - god I've met so many of them, that loved to boast how they'd gone from 0 to 10 properties in just a few years, yawn yawn yawn

Conrad

!!!!!!? wrote: »

The people whose 'success' is really just borrowed cash are usually the ones who feel that they have something to prove.

Spot on. The point they miss is many people could MEW and get a load of high risk B2Ls but they cant see the point. These high ltv mulit B2Lers lord it about (or used to) as if they had the midas touch when the reality is they were just fairly clueless chancers.

johnllew

michaels wrote: »

:mad: I do not know the specifics of this case but have heard desciptions of how poeple are hiding earnings as loans that never have to be repaid in order to avoid paying any taxes. :mad:

Such people should be charged with tax evasion and be fined enough to cover not only the tax they should have paid but also all the costs. It is despicable that the wealthy hide their earnings in this way whilst ordinary people have no choice but to pay their taxes but do so in the knowledge that at least some of what they pay goes to pay for schools and hospitals.

She will have been assessable on the written-off loan and if she hasn't already paid tax on it, she will as soon as the HMRC read the article.

neverdespairgirl

ALIBOBSY wrote: »

Nigella recently said the only thing she does do is the cooking. She reffered to herself as a domestic !!!!!! (as opposed to goddess) as she hates housework and avoids it at all costs.
Hurrah we are normal hating ironing rofl.

I don't iron - that's what my OH is for!

If I had lots of cash, I'd definintely have a cleaner in twice a week. But OH doesn't like cleaners

lindsaym22

I didn´t think about celebrities in all of this.. I just assumed that if you have money you can cope with things like this.. obviously not!!! I feel sorry for her, but moving to a normal house like the rest of us is NOT the end of the world is it?