Lots of angry people today.
Discussion
Robertj21a said:
blueg33 said:
No, much better, self contained apartments for adults with profound disabilities.
Good for you. A very deserving occupation with, I guess, a lot of job satisfaction.I am very proud of what we do. We built the first development 3 years ago and now complete about 400 apartments a year. Makes up for being a b
d developer 
blueg33 said:
Robertj21a said:
blueg33 said:
No, much better, self contained apartments for adults with profound disabilities.
Good for you. A very deserving occupation with, I guess, a lot of job satisfaction.I am very proud of what we do. We built the first development 3 years ago and now complete about 400 apartments a year. Makes up for being a b
d developer Whoozit said:
Sorry, I can't let that one slide. I spent chunks of the past 3 years raising capital for the Greek banks. The problems of Greece were caused by the Greeks economical with the truth on their national statistics in order to squeak over the bar for EU membership. Taxation didn't keep up with spending promises, especially in the state/pensions sectors let alone economic development, due to Greeks treating underreporting their income as a national sport. The moment a crisis hits and incomes naturally reduce, non-performing loans across the banks ramped up massively simultaneous with the govt having its cheque book taken away by Europe and no meaningful political will to increase taxes and reduce public spending.
Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
just read this excellent link provided by fblm on another thread. you are somewhat correct. not just greece though. appears the entire eurozone is living on borrowed time. http://www.spiegel.de/international/europe/the-tic...Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
don4l said:
Let me see if I understand the Remain position.
Fewer houses will be built.
Prices will fall.
I think that I can spot a little investment opportunity.
I think you have things in the wrong order: Fewer houses will be built.
Prices will fall.
I think that I can spot a little investment opportunity.
1. Uncertainty will slow the housing market
2. Lending criteria will tighten as banks prepare themselves for tougher times ahead
3. Prices will soften .. a little.
4. Housebuilders will slow development managing their cashflow and restricting supply to match reduced demand in order to maintain pricing
blueg33 said:
Thanks. It started out as a paper exercise to make money. But then I met the residents of the first development before and after they moved in. Having s decent home of their own has huge benefits for them and reduced care costs for the state.
I am very proud of what we do. We built the first development 3 years ago and now complete about 400 apartments a year. Makes up for being a bd developer
excellent . having a mother in law that lost the ability to walk at the age of 45 and can now barely talk due to ms, i know just how important the ability to maintain some form of independent living is to someone affected by disability. you really are making a huge difference to peoples quality of life.I am very proud of what we do. We built the first development 3 years ago and now complete about 400 apartments a year. Makes up for being a b
d developer wc98 said:
just read this excellent link provided by fblm on another thread. you are somewhat correct. not just greece though. appears the entire eurozone is living on borrowed time. http://www.spiegel.de/international/europe/the-tic...
Precisely. What makes me wildly angry is i) since Maastricht, the EU's core rationale is the Euro, with little or no thought for those wanting to stay just in the political/trade union ( and so we find ourselves here today) and ii) the need for fiscal union, else crises, was demonstrated to me at undergrad level 25 years ago using basic economics BY THE TEACHING ASSISTANT. 
Soov535 said:
I suspect that's because people realise that we haven't left yet, or even started to leave (probably drop after article 50 is invoked). Weak pound also allows American investors to buy shares in UK companies at a cheap priceSoov535 said:
250 recovering too, but slower. Even the BBC have had to back-off the doom, death and total destruction in the face of reality!jshell said:
Soov535 said:
250 recovering too, but slower. Even the BBC have had to back-off the doom, death and total destruction in the face of reality!jshell said:
Soov535 said:
250 recovering too, but slower. Even the BBC have had to back-off the doom, death and total destruction in the face of reality!TTwiggy said:
jshell said:
Soov535 said:
250 recovering too, but slower. Even the BBC have had to back-off the doom, death and total destruction in the face of reality!Soov535 said:
TTwiggy said:
jshell said:
Soov535 said:
250 recovering too, but slower. Even the BBC have had to back-off the doom, death and total destruction in the face of reality!Meanwhile, the BBC carries on doom mongering.
Apparently, a bank that nobody ever heard of is not going to lend money to foreigners to buy London property.
http://www.bbc.co.uk/news/business-36670075
Boo, bloody hoo.
Apparently, a bank that nobody ever heard of is not going to lend money to foreigners to buy London property.
http://www.bbc.co.uk/news/business-36670075
Boo, bloody hoo.
don4l said:
Meanwhile, the BBC carries on doom mongering.
Apparently, a bank that nobody ever heard of is not going to lend money to foreigners to buy London property.
http://www.bbc.co.uk/news/business-36670075
Boo, bloody hoo.
Well, good. I hope fewer foreigners invest in property as this forces all property prices up. Doesn't help that there's already high demand for property from people who want to live in those homes.Apparently, a bank that nobody ever heard of is not going to lend money to foreigners to buy London property.
http://www.bbc.co.uk/news/business-36670075
Boo, bloody hoo.
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