that daft cow Rosie Millard starts liquidating holdings...
http://property.timesonline.co.uk/ar...016729,00.html
"My reality check
Rosie Millard of The Sunday Times finds her flats may be more of a risk than an asset
Last week I had a sit-down session with Alvin Hall, the television financial expert. I gave him the good news about my individual flats, all rented out, all medium geared, all very happy. Then I gave him the bad news about my overall financial status, which is much, much nastier.
“You are way overleveraged,” said Hall. Meaning that the total equity of what I own, including my home, is not sufficiently clear of what I owe.",
"So to alleviate my overleveraged position, I am putting one of my flats on the market."
Oh dear, watch for the herd doing a reality check and following Rosie.
Milan.
http://property.timesonline.co.uk/ar...016729,00.html
"My reality check
Rosie Millard of The Sunday Times finds her flats may be more of a risk than an asset
Last week I had a sit-down session with Alvin Hall, the television financial expert. I gave him the good news about my individual flats, all rented out, all medium geared, all very happy. Then I gave him the bad news about my overall financial status, which is much, much nastier.
“You are way overleveraged,” said Hall. Meaning that the total equity of what I own, including my home, is not sufficiently clear of what I owe.",
"So to alleviate my overleveraged position, I am putting one of my flats on the market."
Oh dear, watch for the herd doing a reality check and following Rosie.
Milan.
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