Making the news today....

[Stere]

Old story but impressive how Woking council  managed to get £1.2 billion in debt in real estate investments?

 

Woking council declares bankruptcy with £1.2bn deficit | Local politics | The Guardian

WWW.THEGUARDIAN.COM

---

Previous Tory leadership embarked on risky investment spree involving hotels and skyscrapers

 

 

I thought property was a good investment?

[Mick Dempsey]

Fake indignation.

 

[Steve Bullman]

On 25/06/2023 at 08:59, trigger_andy said:

And what percentage of the population is that? A minute one I expect. Yes for these lucky few it will be a nice wee cash boost to add to their nest egg  but on the other hand multiple millions will be crippled. 
 

But yeh, I’d love to hear about some Boomer enjoying another holiday next year because the interest rate has gone up. Great news article that would make. 🙄

Not a particularly great time to have cash in the bank anyway 

[trigger_andy]

Just now, Steve Bullman said:

Not a particularly great time to have cash in the bank anyway 

I agree. If I had spare cash, which I dont Id be hoarding physical metal and maybe 1/3rd in BC. I personally think investing in property today is a no-brainer, or it will be soon when many start to default. The demand for property heavily outstrips demand and will only get worse. 

[sime42]

57 minutes ago, trigger_andy said:

The sheer level of shortsighted ignorance on display with your comment is astounding. Well done. 

Go on then, since you've twisted my arm; I'll indulge you.

So what don't you understand this time? I'm sure you're very familiar with what a Narcissist is at least.

[trigger_andy]

Just now, sime42 said:

Go on then, since you've twisted my arm; I'll indulge you.

So what don't you understand this time? I'm sure you're very familiar with what a Narcissist is at least.

Ive no intention of twisting your arm nor am I wishing to engage you in conversation. Im simply calling you out. End of. 

[devon TWiG]

1 hour ago, Steve Bullman said:

Not a particularly great time to have cash in the bank anyway 

always good to have cash in the bank !!

[Johnsond]

13 minutes ago, devon TWiG said:

always good to have cash in the bank !!

Even better to have it stashed at home, up to a point admittedly. 

[scbk]

I was working for someone recently who offered cash, but they need taken to a bank to swap to current notes 

 

He obviously has a suitcase full of the stuff, and the paper notes are no longer tender

[Mark Bolam]

They won’t even swap them now, only credit them to your account.