Watch out, the great £50bn property unload is about to begin

JonnyBravo

carolt wrote: »

I think one of my strengths is that I do appear to be pretty much Everywoman.

:rotfl:

Just what I thought.

chucky

torontoboy45 wrote: »

can someone help me out here: is there a clear link between commercial property prices and residential?

if there is - and evidence can be provided - I don't see a problem with the thread.

in this particular case the commercial crash has already happened - 40% down.

it's the write offs they're talking about. the tenants are currently paying rent on the commercial property so the banks either continue to receive rent on a depreciated but increasing property value or they write it off now to make their profits look tidy in the future.

it's been going on for 18 months and i can't see it changing in the next 18 months.

but hey - the headline of the story sounded good

PasturesNew

JonnyBravo wrote: »

And in Cornwall, (the Third World), that can mean the man who mends shoes.

Yes, but no, but .... it's a woman who mends shoes in this town.....

Hsarcgib

chucky wrote: »

in this particular case the commercial crash has already happened - 40% down.

Yes but residential has to catch up and then both could fall further.

Blacklight

Hsarcgib wrote: »

Yes but residential has to catch up and then both could fall further.

Hello Bigcrash. If the mods ever looked at the IP's of all the regular users they'd be astonished at all the people that lived in the same house who use this forum.

carolt

Well, you'd be the best judge of that...