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05 Jun 2009 6:59 PM by FriendinNeed Star rating. 789 forum posts Send private message

Hope you people don't mind, but I am putting this back to top, as I am certain Tony and Brian will want to read it and let us have their comments.

Tiger, would you believe it? Some idiot seems to think that assuming therer was a miracle and SADM was developed, that a reasonable discount for the people who have already put down a deposit, would be 5%,  6%,  7%,  8%,  9%,  10%,  11%,  12%,  13%,  14%,  15%

I know that as a sensible person, you will not believe that someone could be, well let's be polite, and idiot and a fool.
Don't they realise that property prices have dropped in Spain by 40%, and that is on completed properties.

Just 10% discount they consider reasonable. 10%, Tiger, can you believe that. They would lose say 40%, plus the loss of their interest on their deposits, or interest incurred if they borrowed, plus the legal costs over the last 12 months, plus their time, plus the stress, plus the travel and accommodation for visits trying to resolve, and some idiot thinks 10% would be a fair discount. Give them a 10% discount, then they could resell and lose a further 30%. Tiger, can you believe someone could be so stupid.

Be warned Tiger and others. There is an idiot at lage, who also claims that It would appear from the news reports that the financial crisis may be on the turn. The pound to Euro exchange spot rate on the money markets has begun to rise and on the 27th it reached 1.15 Euros. This may not be as high as it was last year but the rate appears to be improving and may continue to climb upwards.
Even if correct, don't they realise that things don't happen overnight, even losing their money on their dream home didn't happen overnight, but they no believe they have the knowledge to comment on the world moneymarket, yet they couldn't sort their own deal out. Tiger, can you believ it?

Tiger, there is an idiot who claims that Financial institutions appear to be becoming more open to lending again, as can be seen in the UK by the reintroduction of 90% and 95% mortgages by lenders.
Tiger, don't they realise that FIs have been lending all along, but only to no risks who have security. Tiger, would you consider those involved in SADM to be no risk and plenty of security.

Tiger, as you have superior knowledge of the finance market, can you explain to me, why because you can get a 90%-95% mortgage for a house in UK, you can compare a multi million Euro development with it, because the idiot I mentione reckons, that as you can get a mortgaged in UK, all is now OK for SADM. Can you believe it Tiger.

Tiger, can you believe that there is an idiot that claims that for a Spanish Bank to continue negotiations to refinance SADM, they must view it as worthy of their time and effort.   Tiger, I know you will now gather they are an idiot and should be stopped spreading trash. They don't even realise that the banks are trying to safeguard anything they can as the market is so bad. The banks have a duty to do it. Tiger. You will know that.

Tiger, it gets worse. There is an idiot advising against taking legal advice, which means leaving your money at risk. Tiger, can you imagine anyone advising that?
What would their reason be?
What they said was It would therefore, be prudent to stay with one’s purchase and not to throw money in costly legal exercises.
So that means throw your money at a development that will not happen and if it did, your investment would have dropped 40% and that is instead of taking proper legal advice to protect your interest.
Just as well they are not let loose to try and influence others.

Let us have your thoughts on it Tiger.

PS. Be sensible. Vote for 60% reduction on your house if the miracle happened.


 



This message was last edited by FriendinNeed on 05/06/2009.


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07 Jun 2009 10:50 PM by FriendinNeed Star rating. 789 forum posts Send private message

Hope you people don't mind, but I am putting this back to top, as I am certain Tony and Brian will want to read it and let us have their comments.

Tiger, would you believe it? Some idiot seems to think that assuming therer was a miracle and SADM was developed, that a reasonable discount for the people who have already put down a deposit, would be 5%,  6%,  7%,  8%,  9%,  10%,  11%,  12%,  13%,  14%,  15%

I know that as a sensible person, you will not believe that someone could be, well let's be polite, and idiot and a fool.
Don't they realise that property prices have dropped in Spain by 40%, and that is on completed properties.

Just 10% discount they consider reasonable. 10%, Tiger, can you believe that. They would lose say 40%, plus the loss of their interest on their deposits, or interest incurred if they borrowed, plus the legal costs over the last 12 months, plus their time, plus the stress, plus the travel and accommodation for visits trying to resolve, and some idiot thinks 10% would be a fair discount. Give them a 10% discount, then they could resell and lose a further 30%. Tiger, can you believe someone could be so stupid.

Be warned Tiger and others. There is an idiot at lage, who also claims that It would appear from the news reports that the financial crisis may be on the turn. The pound to Euro exchange spot rate on the money markets has begun to rise and on the 27th it reached 1.15 Euros. This may not be as high as it was last year but the rate appears to be improving and may continue to climb upwards.
Even if correct, don't they realise that things don't happen overnight, even losing their money on their dream home didn't happen overnight, but they no believe they have the knowledge to comment on the world moneymarket, yet they couldn't sort their own deal out. Tiger, can you believ it?

Tiger, there is an idiot who claims that Financial institutions appear to be becoming more open to lending again, as can be seen in the UK by the reintroduction of 90% and 95% mortgages by lenders.
Tiger, don't they realise that FIs have been lending all along, but only to no risks who have security. Tiger, would you consider those involved in SADM to be no risk and plenty of security.

Tiger, as you have superior knowledge of the finance market, can you explain to me, why because you can get a 90%-95% mortgage for a house in UK, you can compare a multi million Euro development with it, because the idiot I mentione reckons, that as you can get a mortgaged in UK, all is now OK for SADM. Can you believe it Tiger.

Tiger, can you believe that there is an idiot that claims that for a Spanish Bank to continue negotiations to refinance SADM, they must view it as worthy of their time and effort.   Tiger, I know you will now gather they are an idiot and should be stopped spreading trash. They don't even realise that the banks are trying to safeguard anything they can as the market is so bad. The banks have a duty to do it. Tiger. You will know that.

Tiger, it gets worse. There is an idiot advising against taking legal advice, which means leaving your money at risk. Tiger, can you imagine anyone advising that?
What would their reason be?
What they said was It would therefore, be prudent to stay with one’s purchase and not to throw money in costly legal exercises.
So that means throw your money at a development that will not happen and if it did, your investment would have dropped 40% and that is instead of taking proper legal advice to protect your interest.
Just as well they are not let loose to try and influence others.

Let us have your thoughts on it Tiger.

PS. Be sensible. Vote for 60% reduction on your house if the miracle happened.




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