Recently, former real estate mogul, Paul Reichmann passed away. When his company took over the Canary Wharf project in London in 1987, Reichmann believed England was on its way to a new era of prosperity under Margaret Thatcher. Contrary to his expectation, Britain slumped and so did its real estate market. So, if a guy who obviously knew his business could be so disastrously wrong, how can anyone predict how a market will perform. Forget the casino economics and opt for socialism. John Ayers.
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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