An asset or a mill-stone?

• Guest 710

  • Registered: 28 Feb 2011
  • Posts: 6,950
  20 March 2012     09:29160387
  #1       report
  Q. When is a nest not a NEST?
  
  A, When it's a (potential) Bathyscaphe.*
  
  
  http://uk.finance.yahoo.com/news/these-homes-are-about-to-become-worthless.html
  
  
  *http://en.wikipedia.org/wiki/Bathyscaphe
  Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  20 March 2012     10:46160402
  #2       report
  this has been on the cards for some time, very unfortunate for the people affected.
  
  note that bit about homes built since 2009, what developer would build in a high risk flood area?