Halifax Estate Agents

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debtmountain

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Post by debtmountain » Sun Aug 24, 2008 12:10 am
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Just read today that Halifax Estate Agents are closing 53 of their Branches due to the property slump, stating that the cuts came as a rival warned that the Housing Market would stagnate until 2010.
IVA accepted 13/11/2008..17 payments down,55 to go..
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Kazzy E

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Post by Kazzy E » Sun Aug 24, 2008 12:15 am
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Shame for the poor people losing their jobs, but the estate agents forget about the money they raked in during the housing boom. What goes around....... Kazzy x
There is light at the end of that dark tunnel. Promise.

Visit my blog at: http://kazzy.blogs.iva.co.uk/
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debtmountain

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Post by debtmountain » Sun Aug 24, 2008 12:23 am
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Exactly, Kazzy. Sadly, more Redundancys will follow no doubt from other Estate Agents as well.
More Gloom[:(]
IVA accepted 13/11/2008..17 payments down,55 to go..
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Emily

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Post by Emily » Sun Aug 24, 2008 1:26 am
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With an estimated 6 - 8 yrs before normality ignites the housing market, 100 of their branches should close....buying a property only to be told later on that it is worth less since but you still own the Bank the full balance just don't make sense!!
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kallis3

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Post by kallis3 » Sun Aug 24, 2008 3:34 pm
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Not surprised. There are five houses for sale in the small development I live in. They have been for sale for varying amounts of time, but are not moving and I don't expect them to.

A couple of houses nearby which were bought last year before the market hit the skids, have since been taken off the market. They are all going to be in negative equity.

I've been there once (the 90's) I never want to be there again.
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The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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