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Post by patright on May 4, 2018 6:28:14 GMT
Well honesty, I disagree with some posters but everyone has the right to express him/herself
First of all, keep on repeating that "your capital is at risk" to justify everything is a bit short of an explanation (not that one is owed by forum posters but certainly by lend).
Saying basically in short that people complaining are just idiots that can't read is not really constructive, I do think most people can it, I even think most people understand what they read....
Lots of people probably also read that the LTV was set in a way that the risk was fairly low and when you look at the number of defaulted loans..well it seems not to be the case
Furthermore, if people are unhappy they have the right to complain as well
Now about the capital at risk, that's true but most people if not all are actually in to make money and they have the right to wonder if despite the risk everything is done to minimize it
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Post by arctic on May 4, 2018 8:43:35 GMT
This forum is likely to go down the pan before Lendy does!
Quality of posts seriously down graded compared to a year ago, now virtually useless for DD.
Agree Lendy need to better manage defaults, and the fact they are struggling to fund dev tranches will be their biggest motivation to do that.
If you compare the % of most loans on SM to the total loan amount it should be apparent the vast majority of investors are content with their investments.
Those who no longer invest in Lendy but continually bleet on about how rubbish it is should find a more constructive pastime.
Those who still invest in Lendy but continually bleet on about how rubbish it is should learn from their mistakes (quietly).
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Post by patright on May 4, 2018 8:57:19 GMT
This forum is likely to go down the pan before Lendy does! Quality of posts seriously down graded compared to a year ago, now virtually useless for DD. Agree Lendy need to better manage defaults, and the fact they are struggling to fund dev tranches will be their biggest motivation to do that. If you compare the % of most loans on SM to the total loan amount it should be apparent the vast majority of investors are content with their investments. Those who no longer invest in Lendy but continually bleet on about how rubbish it is should find a more constructive pastime. Those who still invest in Lendy but continually bleet on about how rubbish it is should learn from their mistakes (quietly). Artic fighting for democracy (or not)
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Steerpike
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Post by Steerpike on May 4, 2018 9:03:26 GMT
IMO the answer to the thread title is no and the question was not particularly helpful anyway, however, in any case, the subject has had a good airing and has now descended in to bleating about people bleating, so my contribution is to suggest politely Admin that the thread is closed and we use our time to answer more interesting questions. |
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stokeloans
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Post by stokeloans on May 4, 2018 9:14:10 GMT
Lendy have messed up by going for multi tranche dfls at the expense of simple bridging loans.
That's assuming there's the demand for the latter
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Post by arctic on May 4, 2018 9:20:07 GMT
This forum is likely to go down the pan before Lendy does! Quality of posts seriously down graded compared to a year ago, now virtually useless for DD. Agree Lendy need to better manage defaults, and the fact they are struggling to fund dev tranches will be their biggest motivation to do that. If you compare the % of most loans on SM to the total loan amount it should be apparent the vast majority of investors are content with their investments. Those who no longer invest in Lendy but continually bleet on about how rubbish it is should find a more constructive pastime. Those who still invest in Lendy but continually bleet on about how rubbish it is should learn from their mistakes (quietly). Artic fighting for democracy (or not) That fight was lost on here, hence lack of quality posts
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Post by patright on May 4, 2018 9:25:40 GMT
Quality is subjective by nature
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adrianc
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Post by adrianc on May 4, 2018 13:33:24 GMT
First of all, keep on repeating that "your capital is at risk" to justify everything is a bit short of an explanation You forget one thing - it's a basic truism. If you're not absolutely on board with the concept, then your money is in the wrong place. Yes, it IS that simple. Good-oh. So you are fully on-board with the concept that your capital is at risk? LTV and risk are completely two separate things. LTV only comes into play once the default occurs. If you pay your mortgage every month, it doesn't matter if you're in negative equity or not, does it? Now, there may very well be issues with some of the valuations. They were, allegedly, produced by RICS surveyors, so there should not be any issue - and where there is, there are documented complaints paths. Indeed you do. You can howl and curse at the moon, too, or you can whinge over a pint to your neighbour. Nobody said otherwise. But of course. We all are, otherwise we'd go for a low-risk investment like a nice safe bank account at a fraction of 1% return. We want more? We have to accept risk. I really don't think you understand the concept of "risk" at all.
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Post by patright on May 4, 2018 14:26:05 GMT
well by answering point by point, you actually made my point, disagreeing is one thing, saying people "don't understand" is demeaning
to each their own
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bugs4me
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Post by bugs4me on May 4, 2018 21:08:15 GMT
This forum is likely to go down the pan before Lendy does! Quality of posts seriously down graded compared to a year ago, now virtually useless for DD. Agree Lendy need to better manage defaults, and the fact they are struggling to fund dev tranches will be their biggest motivation to do that. If you compare the % of most loans on SM to the total loan amount it should be apparent the vast majority of investors are content with their investments. Those who no longer invest in Lendy but continually bleet on about how rubbish it is should find a more constructive pastime. Those who still invest in Lendy but continually bleet on about how rubbish it is should learn from their mistakes (quietly). Nope - this forum is in a far more stronger position than LY. It doesn’t need investor funds to continue. Whilst folks may moan - possibly more than desirable but that’s just an observation, I would never wish to deprive anyone of free speech irrespective as to whether I agree with their views or not. If they are really annoying there is always the block button. I cannot agree with the quality of DD - but to participate you need a minimum of 50 posts. DD Central is an excellent source of information. Possibly many members are content with their involvement with LY and we’re just talking about a vocal minority. Nonetheless, the failed/promised/etc updates to a number of loans should be aired and a reminder that those investors misfortunes may apply to others in the future. But again, that vocal minority (assumin your assumptions are accurate) have every right to air their grievences and a reminder that we (possibly happy investors) may also be affected in the future. Many investors have moved on from LY where possible. At the same time many find themselves locked into loans and are unable to move.
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hazellend
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Post by hazellend on May 4, 2018 21:16:55 GMT
This forum is likely to go down the pan before Lendy does! Quality of posts seriously down graded compared to a year ago, now virtually useless for DD. Agree Lendy need to better manage defaults, and the fact they are struggling to fund dev tranches will be their biggest motivation to do that. If you compare the % of most loans on SM to the total loan amount it should be apparent the vast majority of investors are content with their investments. Those who no longer invest in Lendy but continually bleet on about how rubbish it is should find a more constructive pastime. Those who still invest in Lendy but continually bleet on about how rubbish it is should learn from their mistakes (quietly). Nope - this forum is in a far more stronger position than LY. It doesn’t need investor funds to continue. Whilst folks may moan - possibly more than desirable but that’s just an observation, I would never wish to deprive anyone of free speech irrespective as to whether I agree with their views or not. If they are really annoying there is always the block button. I cannot agree with the quality of DD - but to participate you need a minimum of 50 posts. DD Central is an excellent source of information. Possibly many members are content with their involvement with LY and we’re just talking about a vocal minority. Nonetheless, the failed/promised/etc updates to a number of loans should be aired and a reminder that those investors misfortunes may apply to others in the future. But again, that vocal minority (assumin your assumptions are accurate) have every right to air their grievences and a reminder that we (possibly happy investors) may also be affected in the future. Many investors have moved on from LY where possible. At the same time many find themselves locked into loans and are unable to move. Can you please tell me where you got this information from. You say many have moved on or are locked in but looking at amounts for sale on secondary market it looks like the substantial majority are holding on and staying calm. I believe that Lendy main customers have invested up to their platform limit and repayments are needed so that funds can be recycled.
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bugs4me
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Post by bugs4me on May 4, 2018 21:36:46 GMT
Can you please tell me where you got this information from. You say many have moved on or are locked in but looking at amounts for sale on secondary market it looks like the substantial majority are holding on and staying calm. I believe that Lendy main customers have invested up to their platform limit and repayments are needed so that funds can be recycled. From reading posts on the forum - I did not say a majority but many have by all accounts. Many are locked in with the value of defaults and again, reading the posts, they wish to terminate their relationship with LY.
I do not understand the conclusion that as the SM is 'stuck' that is indicative that a substantial majority are holding on and staying calm. Personally I would view that as a reverse position but as there is no proof either way then that is purely conjecture on both parts.
Your last paragraph is purely assumptive and I assume a personal view.
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Post by p2plender on May 4, 2018 23:45:33 GMT
"You say many have moved on or are locked in but looking at amounts for sale on secondary market it looks like the substantial majority are holding on and staying calm."
I read this before looking at the poster. I did however guess the poster. Pure delusion if you think or believe the above.
PS my post is handy for those doing DD on Lendy.
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Post by masquedefer on May 6, 2018 10:19:43 GMT
Whilst I appreciate that this is discussed more fully on another thread, however within the context of this thread is the latest news about Dfl004 just another nail in the coffin or will it be the straw that breaks the back of Lundy. Or do some people still believe that things are perfect and ticketyboo on the island?
PS does any legal eagle out there know whether an individual Lundy investor has a right to sue a surveyor for a negligent valuation? I assume there is no right in contract because there is no privity of contract.
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Post by loftankerman on May 6, 2018 11:01:09 GMT
"You say many have moved on or are locked in but looking at amounts for sale on secondary market it looks like the substantial majority are holding on and staying calm."I read this before looking at the poster. I did however guess the poster. Pure delusion if you think or believe the above. PS my post is handy for those doing DD on Lendy. Well, I wouldn't want my position to be seen as an endorsement of Lendy, far from it. I am holding on because there is no better option and I am staying calm because I didn't bet the farm on it, or anything else.
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