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Oh Dear: What happens when you borrow against the house for a get rich scheme
I have no more sympathy for him than for any dole scrounger who has spent their money on fags and booze and now has no money to pay for rent and food.
I must say that seems a bit harsh, even mean spirited. Would you say the same about anyone who risked their fortune on a venture that went Pete Tong? If it weren't for risk takers we'd still be in the stone age.
It happens quite often too - A couple of years ago, ISTR reading that the Wolvertons of Wolverton Hall had to move out after some venture collapsed, and their ancestors had been there since before the Conquest! (A Saxon king called Edgar granted them the land in the 9th century for killing a pack of wolves, hence the name.)
In a way I respect the guy for at least trying, even if his judgement and skill in going about it looks questionable. (I wouldn't trust a land deal in Eastern Europe further than I could throw a wren's feather!)
‘Romania had left the Eastern bloc, and this was a scheme to develop land around Bucharest,’ he says. ‘The idea was to create a beautiful suburb for professionals working in Bucharest so they could commute into the city."
I must say that seems a bit harsh, even mean spirited. Would you say the same about anyone who risked their fortune on a venture that went Pete Tong? If it weren't for risk takers we'd still be in the stone age.
Anyone who can't live on £250k a year, so that they need to take risks like this one, deserve everything they get. If they weren't spending stupid amounts of money, then he wouldn't have gambled everything they own (and then some) to invest in Romania with no knowledge of what they were doing.
In a way I respect the guy for at least trying, even if his judgement and skill in going about it looks questionable. (I wouldn't trust a land deal in Eastern Europe further than I could throw a wren's feather!)
OK, I'll give him that - he's a trier. However, I still have no sympathy for them.
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