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Timbuk3

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Everything posted by Timbuk3

  1. https://www.theguardian.com/business/2019/jan/17/scottish-shopping-centre-sale-postings-kirkcaldy I call retail property is the next black swan. This is just the start of it, there will be more. British banks up to their eyes in lending to investors in retail parks. Only the highest quality retail property will survive, the rest will be re-purposed for something else.
  2. http://www.msn.com/en-gb/money/companies/jack-wills-lenders-draft-in-ey-amid-retail-strain/ar-BBSgLPb?ocid=ientp Jack on the Rack. Jack Wills is struggling to sell lots of overpriced preppy toot.
  3. Mothercare has to be a good contender. I ordered a load of stuff online and it arrived over a period of 3 weeks. 3 different deliveries. Must cost extra to do that. One thing never turned up at all. Kept calling back after about 6 months they cancelled the order. Duh.
  4. Yeah, those mean old people at the Gambling Commission stopping us lining our pockets. Clearly don't realise that their house just isn't worth that much.
  5. Seems like this route to sell your house is not legal. lol. https://www.theguardian.com/uk-news/2019/jan/03/couple-forced-to-close-raffle-for-their-500000-north-yorkshire-home
  6. Is it too soon for a WHO/WHAT WILL COLLAPSE FIRST IN 2019 thread ?
  7. www.theguardian.com/business/2018/nov/29/collapsed-intu-bid-reveals-bricks-and-mortar-retailers-fight-for-survival. Retail property is heading down. Big losses for banks invested in them. Plus local councils invested over last few years so bound to go down as they are terrible investors. I call it as next financial crisis.
  8. https://www.theguardian.com/business/2018/nov/14/debenhams-shares-fall-by-21. Timberrrrr. Probably hang it out until after christmas.
  9. 4 more HoF stores closing as the landlord won't accept a rent cut. https://www.theguardian.com/business/2018/nov/14/four-more-house-of-fraser-stores-to-close-as-rent-talks-fail I think that the real estate investors are lining up to lose alot of money in retail estates - the likes of Intu are squeaking. Intu might be the next failure, or the next Black swan. Is there a way to short retail property ??
  10. Berketex brides gone bust now. https://www.bbc.co.uk/news/business-46203181
  11. Talk of the fuel tax freeze being lifted. Should help pump up the inflation figures a bit more. Then see if Carney has the balls to raise the interest rates again.
  12. Plus oil is not going down any time soon. Expected to rise to $80pb according to market reports.
  13. This is a plot line in Coronation St at the moment. Also there was the below story in HT. The lady in question has mental health issues and had previously been offered a council flat but refused it, so not all as it seems. https://www.herefordtimes.com/news/15409683.Homeless_woman_living_on_city_centre_roundabout_says_she_wants_to_raise_awareness/
  14. Love the photos half way through the article. People holding their head in their hands over a .25% rise because 'age of cheap mortgages is over'. Carney scratching his chin with caption of 'Two more rate rises coming' . He's probably thinking about how he could delay them until his tenure is over at the BOE.
  15. Ah. Thank you. Shame really. Would have been interesting to see loads of empty flats getting squatted.
  16. If a BTL portfolio is put in to a Ltd Company format to avoid the new tax regime does that mean that the houses are now commercial property instead of residential ?? And therefore are fair game for squatters to live in. Does anyone know what the definition of commercial property is ?
  17. Interesting. What happened to the housing market after 1988. Some of us can recall.
  18. Our favourite fatty landlord is back in the news. /news/article-5970277/Britains-biggest-buy-let-landlord-kicks-four-single-mothers-properties.html Seems like he doesn't like women much either.
  19. But everyone was expecting the figure to be 2.6% - 2.7% so weaker than that. No chance of a rate hike in Aug now. Carney kicks the can down the road for another couple of months. One more step to his gilt edged pension as he skips off into the sunset. Nice work if you can get it.
  20. http://www.cityam.com/288193/hummus-bros-dips-into-administration Another one bites the dust. OK it's only a small chain but every little helps! Cite reason of too high overheads - rents & rates starting to take their toll. It's a real pitta-y. On a serious note though, I am still hearing that commercial property investors in the retail sector are squeaking due to large losses. GFC 2 starting with the commercial sector this time - who knows, it's possible.
  21. Why under 40, there's plenty of over 40's still renting and no hope of getting a house to live in permanently. Vote Jezza - not that I particularly like him but it puts fear into the hearts of a Tory.
  22. Jaguar Land Rover just announced that they are moving some production to Slovakia. If we are not manufacturing anything in this country then of course the manufacturing index will go down.
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