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UnconventionalWisdom

Property causing havoc

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Just reading up on Bury FC's problems. Turns out loans for developing property were taken out with the club's ground as collateral. New owner takes over and also makes money by developing student flats- that also lost a load of people money. 

We've known here and on TOS that property is a zero sum game and cant lead a country to prosperity, but hopefully the mainstream are starting  to realise this. 

https://www.theguardian.com/commentisfree/2019/aug/26/bury-britain-gigg-lane-brexit

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Roman wall collapses in Chester after private developer undermines and compromises the integrity of the Grade 1 listed structure which in parts is almost 2 millenia old.

https://www.theguardian.com/uk-news/2020/jan/17/roman-wall-collapses-chester-private-building-work

Hopefully the greed driven 'developer' will be rinsed for every penny it costs to repair plus damages.

Edited by Chewing Grass

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