TUESDAY 28TH FEBRUARY ROG AND RANJAN DISCUSS #GFC2 #WatchingTheWheelsComeOff

On the week beginning 20th February, I agreed with my fellow Shareholders in Home@ix that we should withdraw from a major affordable residential development scheme. The deterioration in the Housing Market and Economy generally had become so bad that all routes to viability for the £30m plus first phase of the development had evaporated.
Wed, Feb 22
"My shareholders and I have decided to withdraw from the purchase of the site today as the Existing s.106 conditions alone are too onerous and the lapsed consent is unlikely to relieve the existing s.106 burden and will probably make it worse. The Cash contribution of £500k is also adding to the increasing unattractiveness of the site commercially for us.
We are expecting the Market to get considerably worse over the best part of this year due to the threat of higher interest rates and the already apparent fragility of the economy in general."
A week later I reflected on the withdrawal coming after 3 years of establishing our Brand and unique approach to an occupier lead approach to establishing affordable communities.
This conversation was recorded on
Tuesday 28th February Rog and Ranjan discuss #GFC2
https://notthegrubstreetjournal.com/2013/07/30/feeding-the-5000-bejebus/ Serco: the company that is running Britain https://www.theguardian.com/business/2013/jul/29/serco-biggest-company-never-heard-of#:~:text=John%20Harris,2013%2019.03%20BST

The paradigm shift obviously taking place is related to the response to the pandemic and certainly sees Blackrocks #Goingdirect being implemented.
MARCH 3, 2023
The Everything Bubble and the Everything Bust. Prospects for UK Housing and UK Housing Markets.
https://notthegrubstreetjournal.com/2023/03/03/the-everything-bubble-and-the-everything-bust-prospects-for-uk-housing-and-uk-housing-markets/

Hope for the best , prepare for the worse. Absolutely Shocking Predictions By ChatGPT About The Coming Financial Collapse by Anthony Migchels on February 8, 2023
https://notthegrubstreetjournal.com/2023/02/20/hope-for-the-best-prepare-for-the-worse-absolutely-shocking-predictions-by-chatgpt-about-the-coming-financial-collapse-by-anthony-migchels-on-february-8-2023/