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	<title>Building Wisdom</title>
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	<link>http://propguru.wordpress.com</link>
	<description>UK Property Markets and Property Finance</description>
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		<title>Building Wisdom</title>
		<link>http://propguru.wordpress.com</link>
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	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://propguru.wordpress.com/osd.xml" title="Building Wisdom" />
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		<title>LEHMAN AND HBOS</title>
		<link>http://propguru.wordpress.com/2008/09/16/lehman-and-hbos/</link>
		<comments>http://propguru.wordpress.com/2008/09/16/lehman-and-hbos/#comments</comments>
		<pubDate>Tue, 16 Sep 2008 01:33:27 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Property Finance]]></category>
		<category><![CDATA[Real Estate Finance]]></category>
		<category><![CDATA[Residential Property]]></category>
		<category><![CDATA[Residential Real Estate]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[Administrators]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[financial services]]></category>
		<category><![CDATA[investment bankers]]></category>
		<category><![CDATA[Lending]]></category>
		<category><![CDATA[Market Values]]></category>
		<category><![CDATA[Residential Mortgages]]></category>
		<category><![CDATA[Stock Exchanges]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/?p=67</guid>
		<description><![CDATA[Lehman Brothers I&#8216;m not going to write much about Lehman&#8217;s demise because there will be thousands of column inches out there (most ignoring the equally important news of the BoA purchase of Merrill Lynch and the problems at AIG). Lehman&#8217;s British companies have mostly been put into administration. All I want to note is that [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=67&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>A RETAIL REVOLUTION ?</title>
		<link>http://propguru.wordpress.com/2008/07/27/a-retail-revolution/</link>
		<comments>http://propguru.wordpress.com/2008/07/27/a-retail-revolution/#comments</comments>
		<pubDate>Sun, 27 Jul 2008 18:00:13 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[Retail]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/2008/07/27/a-retail-revolution/</guid>
		<description><![CDATA[One way of spotting a serious recession in the commercial property market is the inevitable whining and moaning by retailers about the rental obligations of their premises. It&#8217;s happening again, with a concerted effort by the British Retail Consortium to change the way retailers pay rent. I recollect back in the mid-&#8217;70s sitting in a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=32&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>HIATUS</title>
		<link>http://propguru.wordpress.com/2008/05/07/hiatus/</link>
		<comments>http://propguru.wordpress.com/2008/05/07/hiatus/#comments</comments>
		<pubDate>Wed, 07 May 2008 22:57:43 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[death]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/?p=26</guid>
		<description><![CDATA[Apologies for the hiatus in posts. This was due to what might be termed a family tragedy. A number of posts will follow soon.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=26&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>BANKERS&#8217; BONUSES: REPRISE (revised)</title>
		<link>http://propguru.wordpress.com/2008/04/30/bankers-bonuses-reprise/</link>
		<comments>http://propguru.wordpress.com/2008/04/30/bankers-bonuses-reprise/#comments</comments>
		<pubDate>Wed, 30 Apr 2008 22:59:04 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Property Finance]]></category>
		<category><![CDATA[Real Estate Finance]]></category>
		<category><![CDATA[bonuses]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[financial services]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/?p=24</guid>
		<description><![CDATA[Bankers&#8217; bonuses get mentioned in the media again and again and again and again and yet again. Much gnashing of teeth and wearing of hairshirts isn&#8217;t going to solve the problem, although it is better than ignoring the problem altogether. Whilst it is good that UBS has acknowledged that bonuses should be based on profits, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=24&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>BEWARE OF CITY JOB CUTS AND WORK OVERLOAD</title>
		<link>http://propguru.wordpress.com/2008/04/17/beware-of-city-job-cuts-and-work-overload-2/</link>
		<comments>http://propguru.wordpress.com/2008/04/17/beware-of-city-job-cuts-and-work-overload-2/#comments</comments>
		<pubDate>Thu, 17 Apr 2008 18:11:42 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[Property Finance]]></category>
		<category><![CDATA[Real Estate Finance]]></category>
		<category><![CDATA[Job cuts]]></category>
		<category><![CDATA[Liquidators]]></category>
		<category><![CDATA[Market Values]]></category>
		<category><![CDATA[Receivers]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/?p=18</guid>
		<description><![CDATA[Estimates of job cuts in the City are increasing week by week (and have now started). This is no surprise. Financial institutions have also viewed staff as a liquid commodity and as the easiest overhead to cut when the going gets tough.

This article points out one implication for the commercial property market: that of empty office space. However, whether this will lead directly to a ‘ plunge in property rents ‘ is rather uncertain.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=18&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>BAN BANKERS&#8217; BONUSES ?</title>
		<link>http://propguru.wordpress.com/2008/04/15/ban-bankers-bonuses/</link>
		<comments>http://propguru.wordpress.com/2008/04/15/ban-bankers-bonuses/#comments</comments>
		<pubDate>Tue, 15 Apr 2008 22:55:59 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Property Finance]]></category>
		<category><![CDATA[Real Estate Finance]]></category>
		<category><![CDATA[bankers' bonuses]]></category>
		<category><![CDATA[investment bankers]]></category>
		<category><![CDATA[lending bankers]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Management Mechanics]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/?p=16</guid>
		<description><![CDATA[It gets tiring seeing the same issues coming around again with each economic cycle. Once more it's yet bankers' bonuses, now viewed with a mixture of horror and indignation at payments made to ne'er-do-wells who do little more than mess up the economy. It may make good copy, but such an attitude is hardly helpful.....<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=16&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>ARE THE BANKS COMMITTING MORE SELF-HARM ?</title>
		<link>http://propguru.wordpress.com/2008/04/10/are-the-banks-committing-more-self-harm/</link>
		<comments>http://propguru.wordpress.com/2008/04/10/are-the-banks-committing-more-self-harm/#comments</comments>
		<pubDate>Thu, 10 Apr 2008 00:59:25 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[APB]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Property Finance]]></category>
		<category><![CDATA[Real Estate Finance]]></category>
		<category><![CDATA[Residential Property]]></category>
		<category><![CDATA[Residential Real Estate]]></category>
		<category><![CDATA[Building Societies]]></category>
		<category><![CDATA[Lending]]></category>
		<category><![CDATA[Loans]]></category>
		<category><![CDATA[Residential Mortgages]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/?p=13</guid>
		<description><![CDATA[The previous article points out that banks invariably cause themselves harm by restricting lending when markets need liquidity and - based on recent announcements and revelations in the UK - they appear to have found a new way of hurting their customers and thereby, themselves....<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=13&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>3</slash:comments>
	
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		<title>TURNING OFF THE TAP</title>
		<link>http://propguru.wordpress.com/2008/03/22/turning-off-the-tap/</link>
		<comments>http://propguru.wordpress.com/2008/03/22/turning-off-the-tap/#comments</comments>
		<pubDate>Sat, 22 Mar 2008 14:56:59 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[APB]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[Property Finance]]></category>
		<category><![CDATA[Real Estate Finance]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Lending]]></category>
		<category><![CDATA[Loans]]></category>
		<category><![CDATA[Market Values]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/?p=4</guid>
		<description><![CDATA[One of the most critical components of a downturn in property values is a fall in liquidity. Bank lending has been the largest component in market liquidity for a long time in the UK, usually leading institutional investment and independent equity....<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=4&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">propguru</media:title>
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		<title>IT&#8217;S TOO LATE (to say &#8220;I told you so&#8221;)</title>
		<link>http://propguru.wordpress.com/2008/03/21/its-too-late-to-say-i-told-you-so/</link>
		<comments>http://propguru.wordpress.com/2008/03/21/its-too-late-to-say-i-told-you-so/#comments</comments>
		<pubDate>Fri, 21 Mar 2008 11:59:18 +0000</pubDate>
		<dc:creator>propguru</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[Property Finance]]></category>
		<category><![CDATA[Real Estate Finance]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Residential Property]]></category>

		<guid isPermaLink="false">http://propguru.wordpress.com/?p=3</guid>
		<description><![CDATA[This blog was first conceived some time ago, long before the word &#8216;blog&#8217; came into common usage. The first few posts had been mapped out, explaining why a commercial (and residential) property crash was inevitable and how it would manifest itself. The mechanics were to be explained and emphasis was to be placed on how [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=propguru.wordpress.com&amp;blog=3237091&amp;post=3&amp;subd=propguru&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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