The streets are quiet from the rumble of heavy vehicles demolishing homes and the men have retreated. Not a news item about Georgia but the current situation in Armstrong Street. One family remains resident and is not about to move.
We are told that the demolition crews are returning in September.
Meanwhile on Sunderland Road the developers have stopped because there no customers for their "family homes". The cheapest is a two bedroomed house at £139,000. However in a wheeze to generate sales and pretend there is a discount involved the developer will lend you £20,000 + so you can have a sizeable deposit. This is over ten years at 0%. The great part is that it is secured on your home so if you stop being able to pay your loan then the developer can repossess you home as well as the banks.
It's a great deal for the banks.
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