Friday, February 27, 2009

Keep hoping..

I was cheered to hear of someone who received a call from their house agent, saying that a previous viewer wanted to do a second viewing.

You might think this is commonplace - but nowadays less than 1 in 40 viewings appear to be getting a second look. Everyone is still waiting for that moment when collectively they all think - NOW is the time to buy.

That said, 1 in 3 second viewings are turning into a sale, which means that on average you need 120 viewings to make a sale. I can't help but feel that quite a few people will be in their graves with anguish and stress before that point comes.

And what, whilst we are at it, are the billions of toxic assets at RBS and LLoyds?
As major shareholders, I think we should be told...

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