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phatpawz

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About phatpawz

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  1. Well it depends what you deem to be excellent in my view. Basically you are 'punting' the currency markets by taking out a product like this. YES they are professionals, but believe me when I say that professionals get it wrong regularly. I work within the markets division of an investment bank, and there are as many views on which way currency pairings are going to move as there are people working there. If you are happy with taking the risk that you could be forced to convert back to sterling with a larger mortgage than you started with then by all means look into it, but do realise that all you are doing is trading currencies. These style of mortgages can work to pay your mortgage off quicker, but can also bite you on the ****. I personally wouldnt be happy with someone else trading my mortgage as your gains on buying a property in the right location could be offset by losses on bad trades by people over which you have no control. Not being negative, just make sure that you understand the risks before going ahead should you choose. If you look at historical moves in currency pairings its not unusual for large volatile moves, so i would be careful with the 'level set at which the bank can forcefullly convert you back to GBP' - if we are talking a 10% loss, you could find that you are stopped out and converted very quickly (as a worse case scenario).
  2. Hi Popcorn, I have tried to PM you but no luck. I would be very interested in seeing who has RT-7 for sale. Are these resales (i.e. a purchaser looking to flip off plan contract) or as I suspect just appartments coming back on to the market due to a prospective buyer dropping out? Would appreciate if you could post. Cheers
  3. Dogbox/Sean thanks for your replies. I can see both sides of the argument, and it is informative to have both someone who has bought and someone who decided to pull out. I understand that it is unlikely that the resort experiences much capital growth until built and established, but if I look back to the reasons why I purchased, one of the reasons I believed it to be a good investment at the time was because there was the opportunity for rapid capital growth due to early entry. Therefore (as I am sure most buyers will admit) I bought with the view that should this occur I would reasses a year down the line and decide whether to 'cash out' (I can hear all those 'anti investors' sighing as I write this), or whether to keep until completion and use for rental and personal. I still believe that Saidia can be a great success, a 'one stop shop' for holiday makers, but would I buy now given what I know?? Still not sure...I am leaning to Sean's opinion that risks at the moment are probably higher than short/medium term rewards, but agree with Dogbox that Saidia and especially LJDF could offer great long term investment. Anyone else??
  4. Hi guys, haven't posted in a long time but think that this is a very interesting and important post. I am afraid I have to disagree with you here Dogbox (despite having invested in LJDF myself) - the guarenteed rental scheme was always going to be made available (although the restrictions to the scheme were never made clear from the outset), and I fail to see how restricting use could ever increase the attractiveness to any investor. I like to keep my options open, and the fewer restrictions the better as far as I am concerned as this gives you numerous exit opportunities. Buying offplan I believe is a profitable way of buying into a development at a discounted rate because you are willing to take the risk that you are not sure exactly how the finished product will look, it is then holiday home purchasers who provide an exit to the likes of offplan investors by being able to see the final products, and ultimately paying a premium for being able to buy a built property. My fear would be that this layer of buyers may effectively be removed by these restrictions, affecting resale opportunity, and forcing people to invest for the long term, or at least change investment strategy. Also Should a houseprice correction occur (and im just thinking out loud here), is it not restrictions like these that would prevent people from buying in Saidia (as the proportion of investor to home purchasers swings heavily away from investor?) I would like to pose a question to all investors in Le Jardin De Fleur - given what we now know about these restrictions, given villas etc coming back the market at similar prices to a year ago, and given video evidence of how the site is progressing how many people would turn the clock back to when you purchased and decide against going ahead, and how many people are still excited and happy they have purchased... I ask this question only because I am unsure myself. I open the floor to debate.
  5. As a purchaser in Saidia myself I wondered if you would be kind enough to share your thoughts on some of the calculations SoupDragon has done on the new releases by NEO. It is obviously not a great result for us who have already purchased, and don't think that it has received the discussion that it deserves. It worries me what they will release next and wonder whether that is why developers have recently reduced prices to get stock off their books before being undercut? I would invite as many responses as poss...Dogbox et al.. thoughts??
  6. Am I right in assuming that deposits would therefore have been refunded??... there seems to be a lack of detail on that. For all of you who have reserved on RT-7 I have been told that planning has been agreed verbally, and that full written acceptance of the detailed application is imminent. Watch this space I guess...
  7. Hi Sean, good to hear everyone's views on this. Was wondering if you could shed more light on which development you were going to flip on. Also if you have subsequently pulled out have you not lost a deposit? Any info as always much appreciated.
  8. For christ sake lets not go round in circles again. Just seen this on the web - not good news for those investing. Ryanair has been forced to postpone indefinitely plans to launch flights from Marseille and Frankfurt to Morocco. The airline has been hit with problems over the signing of a European Union open skies policy that would have enabled flights to operate to Fez, Marrakech and Oujda in Morocco. A month ago Ryanair had said it would be forced to delay the launch of the new routes until the beginning of December, but this deadline has been scrapped and it is no longer possible to book flights on the affected routes. Those passengers who had bought tickets will be contacted by Ryanair and offered a full refund or the option to take another flight on its network. Ryanair’s flights to Marrakech and Fez from Luton Airport will operate as normal as the airline had already received approval from the UK and Moroccan authorities to operate the route.
  9. "you guys should go and set up your own site to discuss that kind of information" Or alternatively, we (plural) continue as we were and you (singular) go elsewhere....
  10. Almost as funny as people ploughing money into countries such as Romania My apologies I'll try and keep my views to myself. I hadnt realised I'd joined a Saidia Information Website. Please continue as normal with your collective back slapping I dont really understand your point. You are on a thread dedicated to Morocco, and the discussion has concentrated on Saidia - no surprise there seeing as it is the first of the King's Resort releases. Yes this is Housepricecrash but who cares, I intend to research my purchase on any website which makes mention of it. Once other resorts are released then no doubt attention will turn to them (and you may get your wish that debate calms down for a while). Can we please stop the rubbishing and just discuss, and if you have no interest (and not just directing this at you adidibrown) then just dont read the threads - You clearly feel strongly that people are 'throwing their money away' so why keep coming back. I dont think that Bulgaria is a good investment anymore... I therefore dont regularly read threads on Bulgaria. I guess what I could do is post regularly on how I think everyone is making a mistake and how 'stupid' they all are and roll my eyes at them, but I have better things to do with my time. I read threads on Saidia because I am interested, I find it bizarre that you are too?.....
  11. The initial fraud was on the Spanish market where lots of stupid brits bought overpriced houses. Many of them paid huge prices and then their houses are now almost demolished. What real estate agencies did was just to export the fraud to Morocco and used some propaganda for inviting people to invest. If they could, they would export the fraud from Spain to Tunisia, Algeria or wherever they can make some quick buck. Why all the bitterness/anger/conspiracy theories. We discuss Saidia and Morocco as an exciting investment because that is exactly what it is. Noone truly knows what the outcome of the development will be but there is the chance it will be very very special indeed. If people have genuine reasons to post, both +ve and -ve then im all for it. However starting unfounded conspiracy theories is of no benefit to anyone. Adidibrown - alot of the people who 'have posted less than 20 posts' are genuine buyers, and this is backed by the fact that they are on an owners mailing list set up for investors in Le Jardin De Fleur...to use the fact that they have less than 20 posts under their belt as reason to suspect that they are 'posing as investors' is very strange. Dogbox - Continue sharing your research, its appreciated.
  12. Dogbox, Great work with the photos, agree with the Fadesa builds. Homes and Properties overseas apparently alsohas mock up floor plans of the LJDF appartments/Villas and is based near London Bridge - I work close by so will check them out today and post anything worthwhile Misled I am afraid guys - nothing extra to see. Sorry!
  13. I'm glad I didnt go for a Fadesa built villa, look a bit on top of one another http://www.homesandpropertyoverseas.com/in...etail&id=69 Dogbox, Great work with the photos, agree with the Fadesa builds. Homes and Properties overseas apparently alsohas mock up floor plans of the LJDF appartments/Villas and is based near London Bridge - I work close by so will check them out today and post anything worthwhile
  14. Oh the joys of sarcasm...lost on some people obviously
  15. Dogbox, that sounds excellent - do you know if that means shuttle bus or internal tram type system?
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