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Post by Financial Thing on Feb 21, 2016 16:05:04 GMT
- MLIA supports discounts and it would also be nice to allow premiums if we can get it approved and legal.
Oh lord please do not add premiums to the Secondary resale market. The brilliance of AC's SM is that it works now. Why change something that doesn't need changing? Adding premiums will attract loan flippers and could dry up the liquidity AC has achieved.
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Post by Financial Thing on Feb 21, 2016 7:46:05 GMT
I'm attempting to leave Rebs (not impressed with loan vetting + defaults), Lending Crowd (lack of new loans)
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Post by Financial Thing on Feb 21, 2016 7:36:28 GMT
I think this article actually makes some good points. One should always be aware of market conditions as P2P lending is a risky prospect.
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Post by Financial Thing on Feb 21, 2016 7:30:38 GMT
Nobody needs to justify their opinion. It's simply an opinion! Agree! Are the mods are turning into the censorship police?
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Property Moose
SPV 39
Feb 21, 2016 6:03:02 GMT
Post by Financial Thing on Feb 21, 2016 6:03:02 GMT
Before PP started pre-funding their offerings used to sell out very quickly. I think the slowdown for them has occurred because of the geared properties.
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Property Moose
SPV 39
Feb 20, 2016 15:43:40 GMT
Post by Financial Thing on Feb 20, 2016 15:43:40 GMT
Speaking for myself only & not others, I could only say the main issue lately has been the (perceived) quality of props on offer. I'd have no issue, if cash available, to put £500 or more, regardless of change in min investment amounts, if I felt the possible return & valuation matched what I'm comfortablewith from an investment mid-long term point of view. All relative to different people of course. Totally agree. I think some people believe whatever PM offers up is a good investment. Maybe others are slowing down realizing not all offerings are worthwhile. Property Partner has no problems filling up its good offering with a £10 min. Nor does SS. My hope from all of this is PM searches out better deals for its investors.
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Post by Financial Thing on Feb 20, 2016 15:07:38 GMT
MoneyThing Small request for website improvement. After one sells a loan piece, the site switches you from the My Loans / Live Loans page to My Loans / For Sale page. A bit annoying if one is selling multiple pieces having to switch back to the My Loans / Live Loans page. From a user perspective, it would be better to keep the user on the My Loans / Live Loans page. Thanks for your consideration.
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Post by Financial Thing on Feb 19, 2016 21:59:41 GMT
some good bits on the SM now.
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Post by Financial Thing on Feb 17, 2016 15:10:20 GMT
MoneyThing Can I suggest you keep the very first post updated rather than reposting an updated list as a new post. I imagine this thread will become very large and it saves us having to scroll through looking for the latest update on the list.
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Property Moose
SPV38
Feb 10, 2016 16:24:48 GMT
j and jnm21 like this
Post by Financial Thing on Feb 10, 2016 16:24:48 GMT
highlandtiger It certainly wasn't my intention to cause you any malice by my post and let me commend you on your good judgment by not making any financial decisions based on a strangers information. Really sorry it offended you so much. I only post this info to be helpful to anyone who wants to do further research for themselves (as I have done). The great thing about information is you can take what you like and leave the rest. Have to agree to the post, the problem with valuation is not really how much it is worth is how much is someone willing to pay for it. You ask 5 people will get 5 different answers. Also as PM are paying £90,000 for it then so even with your friends figures they are still not paying over the odds on this one Actually if you have good valuation pro's, their prices will be very similar because the way you calculate property values is by what's sold that is comparable. The value on SPV38 was fair but the price after all is said and done is £98201 which is paying over the odds. I've been investing in property for the 20 years and the way we evaluate a property as an investment is it must be minimum 15-20% below retail. So at this price, SPV38 isn't an investment, it's a standard run of the mill retail buy and certainly not 14% below market as PM writes. I've said it before, it makes no difference to me whether people invest or not, but don't be surprised if in 2 years, the property is far below the targeted price. I feel that the estimations aren't realistic and maybe for someone who isn't experienced in the property business, this posting info might be helpful. Or maybe I'm just completely wrong; which has happened many times.
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Property Moose
SPV38
Feb 10, 2016 15:16:55 GMT
j and ben like this
Post by Financial Thing on Feb 10, 2016 15:16:55 GMT
highlandtiger It certainly wasn't my intention to cause you any malice by my post and let me commend you on your good judgment by not making any financial decisions based on a strangers information. Really sorry it offended you so much. I only post this info to be helpful to anyone who wants to do further research for themselves (as I have done). The great thing about information is you can take what you like and leave the rest.
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Property Moose
SPV38
Feb 10, 2016 14:06:12 GMT
Post by Financial Thing on Feb 10, 2016 14:06:12 GMT
FYI my chartered surveyor recommended SPV38 is worth about £95k retail.
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Post by Financial Thing on Feb 8, 2016 16:14:12 GMT
my captcha is making me select steaks from pictures of bunny rabbits and sticks of Skegness rock. Mildly annoying
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Post by Financial Thing on Feb 8, 2016 15:36:10 GMT
I'm getting fed up with all these geared properties, Whilst they are great for boosting profits if house prices rise, if the market stagnates or drops, as many analysts think it might over the next 5-10 years, then these properties will not be the cash cow people think they are. I just wish they'd come up with some properties that don't have a mortgage hanging over them. If they keep on bringing in these geared properties at the expense of outright purchases of properties, then I'll be investing less with them and more with PM. At the moment the PM offers seem a bit better, will see if they release another one tommorow or not as doubt the new one filled and the previous one is still trying to fund. The PM offering may appear better but PP's estimates are more realistic as they include sensible cushioning for expenses. Plus certain PM offerings valuations aren't realistic (IMO)
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Post by Financial Thing on Feb 8, 2016 15:31:04 GMT
I don't think it's bots. All it would take is someone to run through the same motion as you 0.1 seconds faster than you, and they get the loan part. Gone are the good old days where you could actually buy SM SS pieces. But at least it's easy to sell. But they would also have to get through the next few clicks as well 0.1 secs faster than my first click. I did just one click in about 0.5 sec to get to the information that £0.00 was still available so wasn't even given the bot-check let alone the rest of the procedure. Yes this is true. Also you have to factor in your browser refresh and internet speed. If your browser refreshes at different intervals than say mine, we will see the loan pieces at different times (even a 1 sec difference). And if I have a faster internet connection than you, I'll see it faster. I've found when I click on a piece, it's gone instantly so I can only attribute it to timing.
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