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singular_me
15th April 2015, 06:17 AM
velocity of money-clap trap. closing in
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UK Housing Bubble Bursts: Sales Of Luxury Homes Crash By 80% As ‘Waves Of Wealthy People Are Leaving’
Tuesday 14th April 2015

‘As the FT reports, “sales of homes worth more than £2m have dropped by 80 per cent in the past year, according to Douglas & Gordon.”

First the bubble in China popped, and a year later, the UK has followed:

Ed Mead, a director of Douglas & Gordon estate agents, said his company had carried out 37 valuations in the past month for owners of high-end homes who were thinking of selling up, when the normal level is about six.

“It is like the 1970s again, when waves of wealthy people left Britain and it was a disaster,” Mr Mead said.’

http://www.zerohedge.com/news/2015-04-14/inventor-antivirus-sofware-government-planting-malicious-software-your-phone-so-it-c

meanwhile
‘Oxford City Council has denied planning to “criminalize” rough sleeping in the university town, after 50,000 people signed a petition resisting plans to make “homelessness a crime.”
The council has proposed bans on “anti-social activities” such as rough sleeping, public drinking, pigeon feeding, busking and begging in Oxford city centre.’
http://rt.com/uk/248625-homeless-criminalize-oxford-council/

Glass
15th April 2015, 07:13 AM
Russians and Chinese are shopping elsewhere.

JohnQPublic
15th April 2015, 10:22 AM
China turned off the money spigot.