ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jan 17, 2017 21:12:06 GMT
I'm agog that anyone would put even a single penny into this can of smelly, slippery worms ..................................
But clearly many have.
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seeingred
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Post by seeingred on Jan 17, 2017 23:54:07 GMT
Relax people. Too many negative waves.
Provided the borrower is who he says he is now, provided he actually has good title at the land registry, and provided someone buys it, things should be fine.
What's a little planning permission and a million pounds here and there between friends?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,162
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Post by ozboy on Jan 18, 2017 0:16:51 GMT
Shurely shome mishtake seeingred, you forgot the very informative, truthful & honest VR.
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james
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Post by james on Jan 18, 2017 0:54:20 GMT
I'm agog that anyone would put even a single penny into this can of smelly, slippery worms .................................. But clearly many have. The thing is, there's nothing fundamentally wrong with the uncertain planning state or whether the loan is to a company or individual or whether the individual is the one with possibly troublesome past. All of that can be fine and there's certainly nothing wrong with a developer taking a different planning view from a council and having a court resolve it. It only becomes an issue when it's not declared so investors can't factor it into their decision to invest and how much or not. Saving Stream apparently knew about at least much of it but instead of declaring it seem to have gone with a don't mention it approach, shooting their reputation and maybe eventually their bank balance in the foot completely unnecessarily. As much as anything else it's sad to see them repeatedly inflict unnecessary reputational damage on themselves. There's a lot about their business that is excellent if we could just be sure they were telling us all we need to know instead of having to hope that everything they aren't mentioning has been discovered and that what they are saying about an investment is accurate.
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duck
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Post by duck on Jan 18, 2017 6:38:09 GMT
..... Might just as well invest in a church in El Salvador! Keep the clergy going!
Personally I lost interest in that in 2008, gave up totally in 2010.
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Post by dualinvestor on Jan 18, 2017 11:28:39 GMT
I'm agog that anyone would put even a single penny into this can of smelly, slippery worms .................................. But clearly many have. I'm surprised you are surprised, of those "invested" in these loans by percentage few will be aware of this forum, even fewer are members or regular readers of it and few are likely to have read anything on the SS web site except the PBL numbers and the rate of interest. Many on here might be concerned by the alleged scurrilous actions of the borrower(s), the reliability of the VR, or any other potential defect of the loan, but they do not represent the general population of lenders for whom ignorance is bliss, whilst tis folly to be wise, and we are not thought police to disabuse them of the notion, although i my opinion they might learn that the opposite of the aphorism could be true.
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oldgrumpy
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Post by oldgrumpy on Jan 18, 2017 11:30:00 GMT
..... Might just as well invest in a church in El Salvador! Keep the clergy going!
Personally I lost interest in that in 2008, gave up totally in 2010. Hey duck ... are you taking the <removed> again? Or do you just not support El Salvador priests any more? (Mind you, I see some of them have been in trouble lately!)
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dermot
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Post by dermot on Jan 18, 2017 12:24:01 GMT
These went so quickly that I'm wondering if I should have overcome my natural caution and and put some cash in for several months with the intent of selling on before anything went belly up (if, indeed, such were to happen...)
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Post by jackpease on Jan 18, 2017 12:35:53 GMT
These went so quickly that I'm wondering if I should have overcome my natural caution and and put some cash in for several months with the intent of selling on before anything went belly up (if, indeed, such were to happen...)People Some people have said previously that property/SS is 'safe' as it is secured against property - I think what this neglects is that the ability to resell your holdings is based on confidence, not assets, and confidence can disappear in minutes. If forum regulars suddenly saw a load of that loan for sale they'd consult this board - find out what the problem is - and then join a very long queue to sell. I think we'd have hours, not days, to sell up before "it went belly up" so I'm avoiding as this is i is not an asset I want to be obliged to hold to term. Jack P
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guff
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Post by guff on Jan 18, 2017 13:03:36 GMT
These went so quickly that I'm wondering if I should have overcome my natural caution and and put some cash in for several months with the intent of selling on before anything went belly up (if, indeed, such were to happen...)People Some people have said previously that property/SS is 'safe' as it is secured against property - I think what this neglects is that the ability to resell your holdings is based on confidence, not assets, and confidence can disappear in minutes. If forum regulars suddenly saw a load of that loan for sale they'd consult this board - find out what the problem is - and then join a very long queue to sell. I think we'd have hours, not days, to sell up before "it went belly up" so I'm avoiding as this is i is not an asset I want to be obliged to hold to term. Jack P Especially if the (apparently as yet unresolved) residential and mooring planning permission issues rear their ugly heads. If not now, when?
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duck
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Post by duck on Jan 18, 2017 13:11:56 GMT
Hey duck ... are you taking the pi.. myck mick again? Or do you just not support El Salvador priests any more? (Mind you, I see some of them have been in trouble lately!) Probably the former but I do like to 'mosey' around strange parts of this world admiring the work of long standing architects.
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guff
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Post by guff on Jan 18, 2017 14:21:56 GMT
Hey duck ... are you taking the pi.. myck mick again? Or do you just not support El Salvador priests any more? (Mind you, I see some of them have been in trouble lately!) Probably the former but I do like to 'mosey' around strange parts of this world admiring the work of long standing architects. I hope you are suitably attired, especially your feet.
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oldgrumpy
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Post by oldgrumpy on Jan 18, 2017 15:52:02 GMT
Probably the former but I do like to 'mosey' around strange parts of this world admiring the work of long standing architects. I hope you are suitably attired, especially your feet. Take care you don't get your H*****n caught!! (PS ... check urban dictionary if you're unfamiliar with inner London idiomatic phraseology)
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ablender
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Post by ablender on Jan 18, 2017 16:18:06 GMT
My mind is puzzled. I know that problems were raised about these two loans. What I cannot see clearly is how much of the rest of the discussion is genuinely a concern or fishing for anything that people might be inclined to sell to get out of these loans.
Have no idea how I am going to settle this!!
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 18, 2017 16:37:07 GMT
My mind is puzzled. I know that problems were raised about these two loans. What I cannot see clearly is how much of the rest of the discussion is genuinely a concern or fishing for anything that people might be inclined to sell to get out of these loans. Have no idea how I am going to settle this!! Borrower had a different name before 2011. The name he used was completely different, and he was disqualified as a director due to his actions (and still going through other court cases in relation to another company).
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