Quote:
Originally Posted by SPUGGIE J
So now that the money has evoporated, houses aint worth owt, shares are worthless, pension funds are empty the govenment is technically bankrupt what the hell are we going to survive? Printing more cash aint going to work as this can, even with low intrest rates fuel inflation. After world war one Germany tried it and ened up in a real mess. If we think its bad look at what happened in Zimbabwae. There are little clubs popping up in the states that wiegh in there old gold to make a few bucks as they reckon gold bullion is safe. So do we go the sameway or spend all our time in and out of the pawn shop?
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I fail to believe that the houses are worth now't....The people who have been thrown out of these houses must need somewhere to live so why not offer them on rental agreement at a reduced. affordable rent. Better generating revenue than writing them off as 'Toxic Assets'.
Someone, somewhere is sitting on a goldmine. If they have been written out of profits and discarded, the answer still remains: Who owns them and who is going to profit in the end?
I cant imagine for one minute that the properties are being handed over for nothing on a first come - first served basis.
The ground they stand on is a tangible asset or is that to be classed as toxic as well?