Pictures Tell A Thousand Words

For those of you that don’t know, Foxtons’ is a huge Estate agency group operating in the UK and the US. However, it was recently reported that Foxtons’ US division is in serious trouble, having been soundly slapped by the US housing market slowdown.

“no longer has the liquidity to operate as a going concern”, says the Vice President. A.k.a. “We’re broke as a joke”

Were they really simply hit by the slowdown, or were they hit by their own stupidity? This is one of their most recent advertisements.

For those all those buyers out there: this is a reminder; make sure you use all your available resources wisely to help you purchase the right property. Study everything. You don’t have to be Columbo to detect good from….shit.

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