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Good News For Some ...

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    Good News For Some ...

    http://news.independent.co.uk/busine...cle2204139.ece

    "Home repossessions surged by a massive 65 per cent last year as thousands of households buckled under a mountain of debt and the burden of rising interest rates."
    Johnny Talibani Mumbai

    #2
    Lenders said 17,000 homes were repossessed in 2006

    Between 1990 and 1993, nearly 250,000 repossessions.

    We have a long way to go yet.

    It's like someone else said here recently.

    "Burglaries up 100%" in a small town, when the number that year had gone from 1 to 2.

    PS. House prices will double this year. Buy now whilst they are practically giving them away.
    Last edited by DimPrawn; 1 February 2007, 18:37.

    Comment


      #3
      Originally posted by ImNotFromIndia
      http://news.independent.co.uk/busine...cle2204139.ece

      "Home repossessions surged by a massive 65 per cent last year as thousands of households buckled under a mountain of debt and the burden of rising interest rates."
      Interest rates rose only twice last year, 0.25% each time, and one of those was in November. Was that when the massive increase in repossessions happened?? December?

      Comment


        #4
        where do they sell these repossessed homes
        I want to buy cheap as chips homes

        Comment


          #5
          Originally posted by andy
          where do they sell these repossessed homes
          I want to buy cheap as chips homes
          Wembley market.

          Comment


            #6
            Originally posted by andy
            where do they sell these repossessed homes
            I want to buy cheap as chips homes
            Auctions are often advertised in the local papers. I've bought a good few properties in the UK this way. You can pick them up real cheap. Get some friendy polish builders to slap in a new kitchen and bathroom and you're laughing all the way to the bank.
            Insanity: repeating the same actions, but expecting different results.
            threadeds website, and here's my blog.

            Comment

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