Reading this board and the "clown free" board, I must say that the boards seem unprepared for the unusual things happening. The gold bugs show some ability.
It's my sincere wish as a clown to see the market do it's normal thing and appreciate. After all, Alan G. prints money and it ends up in the markets. Even the bear sites show that. BGR has a strong argument with his indexes. Few, if any, can stand against his withering logic.
However, life has trained me in murphy's law. That is if crap can possibly happen... it will. The markets have been sending out invitations for murphy to intervene for some years now. He might just show up.
Paid 81p per liter for my recent petrol (gas) fillup.
OK. I'm going to finnish on an upnote. Much has been said about the USA presidential candidates and how terrible the USA voting public are. Let me say this. Nixon had many personal problems. As a president though he did a good job. Ended the Vietnam war, started negotiations with China, help started detante with Russia. He just wanted to be President and do a good job. He did. Bush or Gore can do the same at least. Go out and vote and God Bless your fine country.
Recent news shows me Bush looks OK, have heard no bad news about Gore either. There is something good about the USA. It's printed on the clownbuck. In God we trust :-)
regards,
pearly.
Some local news.
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Property prices 'to plunge in flood areas'
8:07pm Sunday, 05th November 2000
People whose homes have suffered costly flood damage could face another blow as the value of their properties looks set to plunge.
James Pearce, of Shrewsbury surveyors Knock Deighton, says people living in properties liable to be flooded could see the value of their homes plummet by as much as 25%.
Hugh Dunsmore-Hardy, chief executive of the National Association of Estate Agents, said the value of properties which had been damaged by floods more than once over a short space of time would inevitably be hit.
He said: "I think it would be jumping the gun a bit to start talking about percentages by which values could fall but, in a worse case scenario, where there's a very high risk, then this could affect the price and insurance etc."
Mr Dunsmore-Hardy said: "Some places are being flooded for the second time this year, some for the first time ever, others for the first time in 40 years, so you can't really generalise.
"When people buy a property, they think about risks like this and there will be concerns about properties that have been hit by flooding several times. But, in many cases, the flooding risk may be outweighed by the location of these properties, which are often in very attractive and popular places.
"We've also had this Government announcement of £51 million to be spent on flood defences, which is going to make many areas safer and that is going to have a positive affect on the value of properties."
Information relating to how vulnerable to flooding a property is will become much more accessible from next month, when the Environment Agency launches a website devoted to flood risks. By simply tapping in the postcode, prospective buyers will discover whether their dream home is on a flood plain or near a high-risk river or coastal area.
And, under plans being drawn up by the Law Society, vendors will be required to disclose any history of flooding in a questionnaire to be used by solicitors engaged in property conveyancing.
Malcolm Tarling, of the Association of British Insurers, said only in extreme cases would a homeowner be unable to get insurance, but premium increases were a possibility. "Where it becomes almost inevitable that the property is going to flood, then you could have problems. But the insurance industry is not out to make large areas of the country uninsurable. We take the long-term view, " he said.
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