On Fri, 28 Oct 2005 20:12:43 +0100, Alex <
[email protected]>
wrote:
>Is it just me, or does there seem to be a glut of 101's on ebay that
>aren't selling, despite being on at what i consider to be the right
>money? I've seen several over the last couple of months that have been
>relisted a few times, and not selling.
>
>Is it now a buyers market?
Partly, also please remember that we're going into the biggest
recession our economy has ever seen and some people have realised this
and are reigning in.
The truth is that those who live on credit cards are going to be
totally ****ed within 12 months, those who have re-mortgaged their
houses to "buy, buy, buy" also equally ****ed when they find out that
the value isn't what they thought. Oil prices will not go down much,
everything else will go up, America is imploding, China buys
everything (wanna know why scrap has become profitable again?) and
Iraq has neigh bankrupt all of UK-US...
Give it 5 years and 101s will be double their current value for those
who still have any degree of equity to buy/own them. Many, I reckon,
will be scrapped or converted in the interim.
I sincerely hope that someone will quote this post back to me in 5
years time and prove I was wrong...
--
"We have gone from a world of concentrated knowledge and wisdom to one
of distributed ignorance. And we know and understand less while being
increasingly capable." Prof. Peter Cochrane, formerly of BT Labs
In memory of Brian {Hamilton Kelly} who logged off 15th September 2005