PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 13th Oct 2008, 10:08
  #905 (permalink)  
boogie-nicey

 
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On the note of relatives, one of mine is involved in property development and during our chit chat over the weekend refered to some kind of trade insudtry gazette survey reaging new flat sales. According to him in only 4 new build flats have been sold in Birmingham between the 6 top estate agencies. That's less that 1:1 ratio, now I might have it wrong but he didn't look very impressed by the outlook especially with so many of his tennants asking for a rent reduction at the same time.

Times are hard but due to inner desperation for any ray of light we immediately jump unto the first thread of good news when it appears. There's nothing wrong with that but it does need to be looked upon against the general economic backdrop. The actors may come and go but the stage and it's backdrop will remain throughout. Let's not forget the bigger picture it's still an overall downward trend and in fact needs to be in order to shed the economic/lifestyle excesses of recent years. Gordon allowed it to happen but of course will only take the credit for his involvement in helping to save us all.
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