Author Topic: £6M loan.  (Read 190 times)

Offline Chevalier Blanc

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£6M loan.
« on: October 27, 2017, 09:05:03 PM »
So our SJDC is going to borrow £6m from HCBC to be able to build flats on the waterfront.
1. We now know hy the hospital could not go there,
2. They have to borrow to build because they cannot sell the finance centre blog off because it is not full.
3. So to keep them in the very high paid job with bonuses they have to build the flats to keep them in employment.
4. Remember this is our money they are playing with and in return get big fat bonus every year for what?
5. Finally this states company must be wound up!  Sacked them!

Offline shortport

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Re: £6M loan.
« Reply #1 on: October 28, 2017, 12:48:51 AM »
This island seems to be going downhill faster than the Titanic.
Saw Lee Henry on Channel Report saying there is a big demand for one and two bedroom flats.Yes maybe affordable ones,but not luxury.So who will buy them?Buy to let investors with no where else to park their money at the moment.How many hundreds of apartments have been built on our little island in the last few years and how many are actually owner occupied.
I see a property crash on the horizon,its just all a big Ponzi scheme and when the money stops coming in (when interest rates rise) that's when the shit will hit the fan.

Offline Chevalier Blanc

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Re: £6M loan.
« Reply #2 on: October 28, 2017, 06:10:08 PM »
So they are going to build the new flats right next to the owner ones. I think that will not go down well. After all most of the owner flats ( beg your pardon apartments ) are people with money.

Offline ageofaquarius

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Re: £6M loan.
« Reply #3 on: October 30, 2017, 12:10:35 AM »
It depends who has the licence which is usually Dandara, the word was the people objected, what a pile of shit, since when did they give a damn what the people wanted, it was the Dantara flats outlook - a hospital would have downgraded their outlook, and we can't annoy Dandara now can we.