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Arsenal FC transfer budget to be cut ‘because of property market slowdown’

Started by Philippe Bradley · 1 year ago

I write this a few minutes after the end of Arsenal’s last home match of the 07-08 season, as they do a lap of the ground to thank we who have supported through a season that showed incredible promise to the surprise of all, but fell at the final hurdle after a string of unfortunate ... Continue reading »

5 comments

  • Of course you could always try "rent to own" whereby you rent a property having agreed a price to buy it in the future, usually about 2 years. You overpay your rent, which accumulates more of a deposit, having put down a deposit which is typically smaller than that required to buy, but more than is usual when renting. Even in today's market, for the reasons you have described so well above, your property will have appreciated in value, allowing you to get a mortgage of say 90% of the new value. With your deposit paid, and your overpayments, you will have gone a long way towards accumulating the other 10%, and sometimes you can even put money in your pocket, after covering your costs!
  • bloody fuck Arsene Wenger, he didn't like to used English player.
    He's priority just for french players.
  • "But he misses the point - innovation isn't an inherent property of music piracy. Case in point - new bands aspire for airplay on (BBC) Radio 1, not your local pirate radio - because Radio 1 launches talent, not piracy."

    That's not strictly true - at least depending on music style. Sure, Indie and rock bands will always want to get played on Radio 1, XFM or 6 Music. When it comes to urban styles such as rap, house, garage, then nearly all artists and labels send promo's to the pirate radio stations in the first - its usually the legal stations such as Kiss or 1xtra that tend to pick up tracks much later when the pirate stations have built up the interest.
  • Supply has so far been ensured by a lot of studio flat construction, but that these are not good places to live and soon a wave of recent owners will seek to sell (this sounds dodgy to me) ------------ me too!!!
  • It is really scary, how thing have changed just few month later. Britain is officially in a recession. The credit crunch indeed has affected almost everyone. There number of available mortgage deals has been reduced substantially, property prices are falling and hardly anything is selling on the property market. Buy to let owners are finding it difficult to remortgage as there are no buy to let mortgage deals above 75% LTV. However, not many are prepared to sell at the rock bottom prices. Job cuts are a main topic of daily news and it is difficult to predict when we will see the light at the end of the tunnel.

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