brin
I am trying to stay calm.
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Post by brin on Apr 5, 2016 19:16:45 GMT
No, it would not be feasible to publish them on the forum as it would be publically identifying the borrower.
It seems pointless all of us doing the same check. Maybe ilmoro could incorporate a simple yes/no on his invaluable thread. Anyone who has done the check could tell him and he could update the list. Ideally we would take it in turns to pay but that would take some organising and it might work on an honesty basis. thanks , thats exactly what i had in mind. 
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brin
I am trying to stay calm.
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Post by brin on Apr 5, 2016 19:18:57 GMT
And i would be more than happy to take my turn....  |
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Post by mrclondon on Apr 5, 2016 19:20:39 GMT
After several requests I've moved the thread to the general board, and moderated 6+ posts to make it more general and less SS specific ....
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adrianc
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Post by adrianc on Apr 6, 2016 10:28:16 GMT
No, it would not be feasible to publish them on the forum as it would be publically identifying the borrower.
It seems pointless all of us doing the same check. For SS, maybe ilmoro could incorporate a simple yes/no on his invaluable thread. Anyone who has done the check could tell him and he could update the list. Ideally we would take it in turns to pay but that would take some organising and it might work on an honesty basis. I can't help feeling that if you think you need to double-check something as basic as whether a platform really does have a charge on a property, then you probably shouldn't be investing in a platform that you simply don't trust to get the very basics right.
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investibod
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Post by investibod on Apr 6, 2016 12:35:08 GMT
It seems pointless all of us doing the same check. For SS, maybe ilmoro could incorporate a simple yes/no on his invaluable thread. Anyone who has done the check could tell him and he could update the list. Ideally we would take it in turns to pay but that would take some organising and it might work on an honesty basis. I can't help feeling that if you think you need to double-check something as basic as whether a platform really does have a charge on a property, then you probably shouldn't be investing in a platform that you simply don't trust to get the very basics right. I can see point in a new investor to a platform doing a spot check one property as part of their DD before they invest. After all, is there any empirical proof to an outsider that everyone on this platform are actually all inventions of a corrupt platform in order to get the unwary to part with their money as part of a scam? Please note: This is not an allegation against any platform, person or non-person. I do not for one minute believe this situation to be true. This is just a comment about how a very cynical person could see things. Any views expressed are not necessarily those of investibod or any sane person.
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adrianc
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Post by adrianc on Apr 6, 2016 12:36:45 GMT
After all, is there any empirical proof to an outsider that everyone on this platform are actually all inventions of a corrupt platform in order to get the unwary to part with their money as part of a scam? I'm real! (But I would say that, wouldn't I?)
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investibod
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Post by investibod on Apr 6, 2016 12:46:39 GMT
After all, is there any empirical proof to an outsider that everyone on this platform are actually all inventions of a corrupt platform in order to get the unwary to part with their money as part of a scam? I'm real! (But I would say that, wouldn't I?) I am sure that you believe that you are real. I believe that I am real, but proving it might be difficult  More seriously, for the scenario I described you would need to be very paranoid. However, there are people like that and I am related to one of them. So I think it is a good thing that this thread exists.
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brin
I am trying to stay calm.
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Post by brin on Apr 6, 2016 20:55:05 GMT
I can't help feeling that if you think you need to double-check something as basic as whether a platform really does have a charge on a property, then you probably shouldn't be investing in a platform that you simply don't trust to get the very basics right. I can see point in a new investor to a platform doing a spot check one property as part of their DD before they invest. After all, is there any empirical proof to an outsider that everyone on this platform are actually all inventions of a corrupt platform in order to get the unwary to part with their money as part of a scam? Please note: This is not an allegation against any platform, person or non-person. I do not for one minute believe this situation to be true. This is just a comment about how a very cynical person could see things. Any views expressed are not necessarily those of investibod or any sane person. Cynical indeed... but i will go with the "HARD DD" thanks, you may well be an invention of a corrupt platform.. but i am not, and i need to be fully confident that my hard earned is securely invested.
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brin
I am trying to stay calm.
Posts: 379
Likes: 69
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Post by brin on Apr 6, 2016 21:04:59 GMT
It seems pointless all of us doing the same check. For SS, maybe ilmoro could incorporate a simple yes/no on his invaluable thread. Anyone who has done the check could tell him and he could update the list. Ideally we would take it in turns to pay but that would take some organising and it might work on an honesty basis. I can't help feeling that if you think you need to double-check something as basic as whether a platform really does have a charge on a property, then you probably shouldn't be investing in a platform that you simply don't trust to get the very basics right. Do you think that double checking infers a point of mis-trust... edit..?
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adrianc
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Post by adrianc on Apr 6, 2016 21:14:03 GMT
Well, if you implicitly trust the platform to do something as basic as actually put a charge against a property a loan is secured against, then checking would be a waste of the price of a pint. Not much, but I've got my finger in 30 SS loans currently, and have been in most others at some stage - so that starts to become a less nominal amount.
So, yes, checking implies mistrust.
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brin
I am trying to stay calm.
Posts: 379
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Post by brin on Apr 6, 2016 21:16:53 GMT
After all, is there any empirical proof to an outsider that everyone on this platform are actually all inventions of a corrupt platform in order to get the unwary to part with their money as part of a scam? I'm real! (But I would say that, wouldn't I?) vivid imagination needed i feel.
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brin
I am trying to stay calm.
Posts: 379
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Post by brin on Apr 6, 2016 21:26:16 GMT
Well, if you implicitly trust the platform to do something as basic as actually put a charge against a property a loan is secured against, then checking would be a waste of the price of a pint. Not much, but I've got my finger in 30 SS loans currently, and have been in most others at some stage - so that starts to become a less nominal amount. So, yes, checking implies mistrust. unfortunately adrianc, i do not implicitly trust any platform, nor should you. my DD "IS" based on property charges, the price of a pint as you infer, does not seem to me to be a waste , when i am investing 3k plus, and for your info,..... i am invested in 53 loans,...... your DD may be acceptable to you, but it certainty is not for me, nor would i recommend your forms of DD to anyone else.
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adrianc
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Post by adrianc on Apr 6, 2016 21:31:20 GMT
Implicitly trusting a platform to do something as basic as secure a charge is different from implicitly trusting the entirety of the platform's DD.
But if you're happy to be in 53 of SS's 64 extant loans, then you're obviously happy with several that I'm avoiding.
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brin
I am trying to stay calm.
Posts: 379
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Post by brin on Apr 6, 2016 21:38:20 GMT
Implicitly trusting a platform to do something as basic as secure a charge is different from implicitly trusting the entirety of the platform's DD. But if you're happy to be in 53 of SS's 64 extant loans, then you're obviously happy with several that I'm avoiding. adrianc, at no point in my previous post did i state i was invested in 53 "SS" loans, my statement was i am invested in 53 loans, if you wish to interpretate that as SS loans then that is your assumption, again, i do not implicitly trust any platform, i think that is a very naive view to take, YOUR DD is what is important, not the platforms.
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adrianc
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Post by adrianc on Apr 6, 2016 21:41:38 GMT
Implicitly trusting a platform to do something as basic as secure a charge is different from implicitly trusting the entirety of the platform's DD. But if you're happy to be in 53 of SS's 64 extant loans, then you're obviously happy with several that I'm avoiding. adrianc, at no point in my previous post did i state i was invested in 53 "SS" loans, my statement was i am invested in 53 loans, if you wish to interpretate that as SS loans then that is your assumption, again, i do not implicitly trust any platform, i think that is a very naive view to take, YOUR DD is what is important, not the platforms. Oh, well, if we're including other platforms, then... And, again, I haven't said that I implicitly trust any platform - quite the opposite. But I do trust them to get such basic procedural checklist matters right.
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