Rat and Mouse
Tue
11
Dec
Mail on Sunday journo goes sub-prime. Who's to blame? You decide...

Mail on Sunday columnist Liz Jones is in Sub-prime Land and heading for Repo City. She tells her story here, and - a Rat and Mouse warning - it's not for the queasy:

To build myself some sort of secure future, I then did what I was told by my financial adviser, and invested a huge sum each month in a portfolio of ethical businesses. An investment that has so far meant I have lost 75% of what I paid in. Argh!

Argh!, indeed. I don't want to tell you your business or anything, Liz, but I'd be having a serious conversation with that IFA. Anyway, just to add insult to injury, Liz (and I sincerely hope Associated Newspapers are throwing some cash her way in return) is the subject of a This Is Money poll. Is this another fine mess she got herself into? Or is the system to blame? The Government? The Grinch? So far, Liz is coming off rather badly, but the Rat and Mouse suspects a significant portion of the voters are HousePriceCrash militia, who called the woman "less than a monkey" on their own blog earlier, and have a habit of descending on these polls as if they actually mean anything.

20071211Subprime

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Comments

I wouldn't pay any minds to the HPC community, they're barely human. At least she has a house and doesn't sit on a forum complaining 24/7 about property being overpriced.

Interestingly though, she claims to have made 500k in equity over 18 months. What exactly is the problem? Moreover, she paid �100k stamp duty on 2 houses- the woman has money. I must have missed something.

http://www.propertyinvestmentproject.co.uk

Posted by PropertyGuy at December 11, 2007 5:31 PM


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