nush
Member of DD Central
Posts: 396 
Likes: 113
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Post by nush on Jun 5, 2016 23:24:00 GMT
never seen so much on the secondary market
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Post by rebull on Jun 6, 2016 4:33:32 GMT
Any ideas why there was so much activity on th SM last night. Is there something we should know
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Post by justdabbling on Jun 6, 2016 8:25:20 GMT
Does the increase is sales correlate with the changes to Brexit opinion polls. They are certainly making me feel very cautious about relying on property values for security.
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Post by earthbound on Jun 6, 2016 8:37:13 GMT
I reckon the pbl020 has spooked a few, especially the short dated loans, but in actual fact , the amount on the SM is a minute pittance of the loanbook total.
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pom
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Post by pom on Jun 6, 2016 8:44:44 GMT
There's not really a huge amount on sale - there's been far more at various times even in recent months.
My guess is that (apart from pbl20) it's just the 7day rule slowing things down a little - previously everything may well have been snapped up by gamers trying to get free money...or even non-gamers who would actually prefer other loans but are investing in whatever's available in the meantime
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nick
Member of DD Central
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Post by nick on Jun 6, 2016 8:47:42 GMT
I think Brexit is a real issue. Should we vote unexpected to leave, property will crash in the short term. Development projects will be particularly exposed as will be commercial property. Property investment funds are typically holding more than 20% of NAV as cash to help cope with redemptions in the event of a no vote. I personally think it will be a blood bath in the short term across most asset classes (and particularly commercial property) so have started reducing my property exposures including SS loans. Ultimately I don't think the country will vote to leave the EU, but I want to protect against the initial train smash if we do.
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Post by earthbound on Jun 6, 2016 8:50:24 GMT
I think Brexit is a real issue. Should we vote unexpected to leave, property will crash in the short term. Cant see this happening, there may well be some slight movement, either way, but 'crash' i doubt that very much.
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bloodycat
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Post by bloodycat on Jun 6, 2016 8:55:06 GMT
I can't be bothered to fight with the irritating captcha system for tiny amounts of loans that I'm not already exposed to or larger amounts of loans that in theory are close to repaying.
Anything worthwhile disappears before I have the details page comes up.
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Liz
Member of DD Central
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Post by Liz on Jun 6, 2016 13:20:59 GMT
I think Brexit is a real issue. Should we vote unexpected to leave, property will crash in the short term. Development projects will be particularly exposed as will be commercial property. Property investment funds are typically holding more than 20% of NAV as cash to help cope with redemptions in the event of a no vote. I personally think it will be a blood bath in the short term across most asset classes (and particularly commercial property) so have started reducing my property exposures including SS loans. Ultimately I don't think the country will vote to leave the EU, but I want to protect against the initial train smash if we do. Rubbish! We still have a massive property shortage in this country, and low interest rates, which will maintain demand. I would welcome a cooling in property prices, so my children will be able to afford a property, but I don't think prices in the south will become affordable anytime soon. We had as you call it a bloodbath in 2008 & we could have another due to lots of factors but leaving the EU wouldn't significantly contribute. Yes we could get a property crash if interest rates rise significantly or because of a global shock or a Eurozone recession.
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Liz
Member of DD Central
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Post by Liz on Jun 6, 2016 13:24:42 GMT
I think Brexit is a real issue. Should we vote unexpected to leave, property will crash in the short term. Cant see this happening, there may well be some slight movement, either way, but 'crash' i doubt that very much. I would actually welcome a fall in property prices because I think prices are rising too fast which isn't sustainable.
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NSFW
Posts: 118
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Post by NSFW on Jun 6, 2016 13:56:32 GMT
Managed to get some PBL103 even though I selected the wrong amount initially and had to change it. PBL053 repaid today so had some money to reinvest.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on Jun 6, 2016 14:20:59 GMT
I think Brexit is a real issue. Should we vote unexpected to leave, property will crash in the short term. Development projects will be particularly exposed as will be commercial property. Property investment funds are typically holding more than 20% of NAV as cash to help cope with redemptions in the event of a no vote. I personally think it will be a blood bath in the short term across most asset classes (and particularly commercial property) so have started reducing my property exposures including SS loans. Ultimately I don't think the country will vote to leave the EU, but I want to protect against the initial train smash if we do. Is your surname Clegg by any chance? If not you should not take any notice of the Remainer's scare stories. David Cameron himself said just a few months that we could prosper outside the EU. If he really believed what he is now saying - that it would be catastrophic to leave - why would he have recklessly exposed us to the risk of what he believes will be a calamity?
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nick
Member of DD Central
Posts: 1,056
Likes: 825
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Post by nick on Jun 6, 2016 15:20:35 GMT
I think Brexit is a real issue. Should we vote unexpected to leave, property will crash in the short term. Development projects will be particularly exposed as will be commercial property. Property investment funds are typically holding more than 20% of NAV as cash to help cope with redemptions in the event of a no vote. I personally think it will be a blood bath in the short term across most asset classes (and particularly commercial property) so have started reducing my property exposures including SS loans. Ultimately I don't think the country will vote to leave the EU, but I want to protect against the initial train smash if we do. Is your surname Clegg by any chance? If not you should not take any notice of the Remainer's scare stories. David Cameron himself said just a few months that we could prosper outside the EU. If he really believed what he is now saying - that it would be catastrophic to leave - why would he have recklessly exposed us to the risk of what he believes will be a calamity? I don't disagree that in the medium to long term we could well do better outside the EU, but I remain to be convinced. However, in the short term there would be undoubtedly be a significant adverse impact on property, most significantly in commercial property. The market is already being affected just by the prospect with prices already softening and activity lower. The big issue will be uncertainty which all investors hate and necessarily the merits of leaving the EU. Property investments with less than 2 years maturity will surely be at greater risk. Longer term, I agree property prices will remain under upward pressure whilst supply remain constrained and demand remains strong.
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goopy
Member of DD Central
Posts: 307
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Post by goopy on Jun 6, 2016 15:50:49 GMT
Perhaps it's just because it's Saturday, but PBL020 purchases seem virtually to have stopped. The Investor Activity is showing exactly one purchase so far today -- and the day's mostly gone -- and it was for all of £1. Only 32p so far today....
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mikes1531
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Post by mikes1531 on Jun 6, 2016 16:13:20 GMT
Perhaps it's just because it's Saturday, but PBL020 purchases seem virtually to have stopped. The Investor Activity is showing exactly one purchase so far today -- and the day's mostly gone -- and it was for all of £1. Only 32p so far today.... And £1,101.01 yesterday. Methinks it may be a while before my 1p part -- currently sitting at position £37,040.31 in the queue -- is sold. 
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