Nick Atty wrote:
> Returning to the idea of funding the waterways through property, what
> happens if there is a property value slump or living by canals suddenly
> becomes unfashionable? Or what happens if the management decide to do
> something that sounds very reasonable - albeit slightly risky - and end
> up getting badly burned? Suddenly we are back in the position of no
> money for the waterways.
If we fund waterways through property sales as opposed to rental income
etc., which is what Adrian implied previously if I'm not mistaken, we
will run out of property and therefore money in the none to distant future.
Of course TBW taught us in the 80s that selling the family silver was a
sound way to run the economy ;-)
Steve
NB Bream
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