Wednesday 31 October 2007

Reading the omens

I'm a great believer in entrails, triskaidekaphobia, not treading on the cracks in the pavement, the significance of the flight of vultures across different sectors of the sky, all kinds of nasty superstitious stuff...

Well, I do read omens. It's what analysts are trained to do.

Omen of a fall in the residential property market; developers promise to pay your mortgage.

It's happening again. I saw two separate offers last week. Very nice. Last time this happened was while Docklands property was in free fall, late 1980s and early 1990s.

Mortgage paid for two years; effectively a 10-20% cut in price, no?

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