Post by beechside on Feb 29, 2016 0:04:28 GMT
samford71:a really detailed reply not just to me but to others considering the issues relating to P2P - thank you for your time and informed input.
I worked on valuation modelling and new product development of insurance based products so agree with your using PV as a comparison tool. What I've never seen in any model I've worked on is the rapidly changing valuation. As Liz has said above her net value has increased 20% in a couple of years. I guess that begs the question which NPV are we talking about? That's a strong position to be in.
I completely understand the issues relating to half-completed developments. I nearly suffered such a hit during a major extension on my own home. Being selective is key here. I've spent the last 15 years teaching at University (large one in the south east), at the heart of a University town and I have seen the pressure right through the last property cycle and the credit crunch on student accommodation. There may be some charlatans and chancers out there but student accommodation is something that the private sector can do far better than the Universities themselves. Identifying micro-sectors like that helps focus the investments. It's one of several that appeal to me.
I was interested to see your pessimistic bp spread for platform risk. As is commonly said "On the Internet, nobody knows you're a dog" and we tend to do more DD on the loans than the platforms. Who runs the companies through whom we invest large sums and who polices them? Of all my concerns, that is the one that most worries me. I'd very much like to get an invitation to visit savingstream HQ, not just for a pep talk but to hear and then report back on their Chinese walls, their money laundering checks, their systems QA methods, DD protocols, audit procedures and compliance regime. One day, perhaps. . .
I worked on valuation modelling and new product development of insurance based products so agree with your using PV as a comparison tool. What I've never seen in any model I've worked on is the rapidly changing valuation. As Liz has said above her net value has increased 20% in a couple of years. I guess that begs the question which NPV are we talking about? That's a strong position to be in.
I completely understand the issues relating to half-completed developments. I nearly suffered such a hit during a major extension on my own home. Being selective is key here. I've spent the last 15 years teaching at University (large one in the south east), at the heart of a University town and I have seen the pressure right through the last property cycle and the credit crunch on student accommodation. There may be some charlatans and chancers out there but student accommodation is something that the private sector can do far better than the Universities themselves. Identifying micro-sectors like that helps focus the investments. It's one of several that appeal to me.
I was interested to see your pessimistic bp spread for platform risk. As is commonly said "On the Internet, nobody knows you're a dog" and we tend to do more DD on the loans than the platforms. Who runs the companies through whom we invest large sums and who polices them? Of all my concerns, that is the one that most worries me. I'd very much like to get an invitation to visit savingstream HQ, not just for a pep talk but to hear and then report back on their Chinese walls, their money laundering checks, their systems QA methods, DD protocols, audit procedures and compliance regime. One day, perhaps. . .
?