hotblack42 Posted September 5, 2019 Share Posted September 5, 2019 4 hours ago, winkie said: That lady looks quite scared......rather than ask herself why it is not selling, she should wonder why nobody with £5m spare or access to debt would be buying in today's market.....a flat is a flat, and that one you need to be fit to use it, someone who could afford a flat in Kensington probably already has one......£5m could buy five wonderful properties all over the world, a hedge.....or one £1m and £4m in the bank waiting for an opportunity........property is so illiquid.? After the correction of the last 3 years, £5M will buy 5 lovely 2 double bed, big lounge flats with top fixtures & fittings off the Kings Rd. This is not a businesswoman. Substantial market changes should be factored in & managed. Amateur. Quote Link to comment Share on other sites More sharing options...
winkie Posted September 5, 2019 Share Posted September 5, 2019 29 minutes ago, hotblack42 said: After the correction of the last 3 years, £5M will buy 5 lovely 2 double bed, big lounge flats with top fixtures & fittings off the Kings Rd. This is not a businesswoman. Substantial market changes should be factored in & managed. Amateur. Got £5m smackers.....got so many choices. Perhaps she made a few bob once, and still thinks money will continue to grow on the property tree..... people will pay whatever it takes to live close to Harrods.... Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted September 5, 2019 Share Posted September 5, 2019 Picked at random: https://www.rightmove.co.uk/property-for-sale/property-64869471.html Nice looking - 4 bed house for under 3.7m Must be a hell of a flat to go for 5m. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 5, 2019 Share Posted September 5, 2019 15 hours ago, Si1 said: She's just ridden the bubble by leveraging up from 2012 onwards: https://www.google.com/amp/s/www.dailymail.co.uk/femail/article-4929420/amp/Mum-went-stay-home-parent-120m-property-mogul.html Nice to kniw its just not my innter stalker. The tweet vid is presented as homeowner try ing to sell. Only a brief bit where she admits that it was crowd funded non OO An Aussie. And properdee. In London. Welcome to Chrismases to come ... https://www.europeanceo.com/business-and-management/how-to-make-millions-in-property-nicole-bremner-gives-her-top-tips/ https://www.europeanceo.com/business-and-management/how-to-make-millions-in-property-nicole-bremner-gives-her-top-tips/ http://www.east-eight.com/about-us/ Not sure where the debt is but its not on her only company https://companycheck.co.uk/director/919487430/NICOLE--BREMNER/financials Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 5, 2019 Share Posted September 5, 2019 15 hours ago, Si1 said: She's just ridden the bubble by leveraging up from 2012 onwards: https://www.google.com/amp/s/www.dailymail.co.uk/femail/article-4929420/amp/Mum-went-stay-home-parent-120m-property-mogul.html In the last five years she has built a property empire that now owns 400 units worth more than £120million Where? Here 'business partner' Avi Dodi barely registers on company house,. More dodo than dovi. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 5, 2019 Share Posted September 5, 2019 16 hours ago, Upabove said: One of the best "it's not the price" examples ever: *gets popcorn out* Later in tweet: As I’ve said many times in this market there are *no* buyers. If it were £1 it still wouldn’t sell because on one wants to take it on currently. There’s no market in certain places. Look at average time on the market on parts of the country? It’s not price... It must be Nicole's lucky. Ive just come back from the pub and I have £1 in my pocket. Quote Link to comment Share on other sites More sharing options...
Freki Posted September 5, 2019 Share Posted September 5, 2019 4 minutes ago, the_duke_of_hazzard said: Picked at random: https://www.rightmove.co.uk/property-for-sale/property-64869471.html Nice looking - 4 bed house for under 3.7m Must be a hell of a flat to go for 5m. This place looks almost cheap tbh Quote Link to comment Share on other sites More sharing options...
Freki Posted September 5, 2019 Share Posted September 5, 2019 15 minutes ago, spyguy said: Later in tweet: As I’ve said many times in this market there are *no* buyers. If it were £1 it still wouldn’t sell because on one wants to take it on currently. There’s no market in certain places. Look at average time on the market on parts of the country? It’s not price... It must be Nicole's lucky. Ive just come back from the pub and I have £1 in my pocket. "Iron" (sarcasm highlight) law of supply and demand is a one way avenue did you not know? Price increase because of increased demand, but reducing price does not increase demand! Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted September 5, 2019 Share Posted September 5, 2019 (edited) Well, someone has already made the same comment that I would make on twitter: Set the reserve at 99p and watch the bids come in. It'll sell, for something, so there is a market and the problem is the price. There is a price that will sell this flat today, within a week or within a month. There's also a price that will mean no sale in 3 years. The idea that "the market" is somehow different to "the price", or that there is "no market" makes no sense. There's a price that can be achieved in the current market, which may be different to a price that be achieved in a different market. We really need some serious LVT to focus minds a little more in these sorts of situations. Edited September 5, 2019 by mattyboy1973 Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2019 Share Posted September 5, 2019 2 hours ago, mattyboy1973 said: Well, someone has already made the same comment that I would make on twitter: Set the reserve at 99p and watch the bids come in. It'll sell, for something, so there is a market and the problem is the price. There is a price that will sell this flat today, within a week or within a month. There's also a price that will mean no sale in 3 years. The idea that "the market" is somehow different to "the price", or that there is "no market" makes no sense. There's a price that can be achieved in the current market, which may be different to a price that be achieved in a different market. We really need some serious LVT to focus minds a little more in these sorts of situations. Carney probably saw this video and thought 'you know we might need higher interest rates' Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2019 Share Posted September 5, 2019 That is a classic bubble video. We'll come back to this for comedy value in 5 years time. Quote Link to comment Share on other sites More sharing options...
Freki Posted September 5, 2019 Share Posted September 5, 2019 7 minutes ago, Si1 said: That is a classic bubble video. We'll come back to this for comedy value in 5 years time. Why is it not comedy value already? Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2019 Share Posted September 5, 2019 10 minutes ago, Freki said: Why is it not comedy value already? I knew someone would say that Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2019 Share Posted September 5, 2019 I know what she's done wrong. She needs to do the wealth dance (tm) and then everything will be okay. I wonder, if she can't afford to take a mill or so hit on this property, is that the reason she's holding out? Because she needs to cover her leverage?? Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted September 5, 2019 Share Posted September 5, 2019 ****** me that video is brilliant. For a second I thought it was satire. Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2019 Share Posted September 5, 2019 5 minutes ago, stuckmojo said: ****** me that video is brilliant. For a second I thought it was satire. I've been receiving unsolicited unwanted 'financial advice' over the last 5 years from people like this. It's so bubbletastic it's untrue. Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted September 5, 2019 Share Posted September 5, 2019 I wouldn't call it painful to watch Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted September 5, 2019 Share Posted September 5, 2019 4 hours ago, spyguy said: there are *no* buyers. If it were £1 it still wouldn’t sell because on one wants to take it on currently. There’s no market in certain places Bullcr@p No buyers that return a profit. I'm negotiating on a Scott Carbon road bike. 12 yrs old, never used cost £1500. Got him down to £350 so far. Market doesn't give a flying f*ck what you paid or 'need'. Ask any real trader. This stupid bint has fallen for her own hype. Quote Link to comment Share on other sites More sharing options...
Pop321 Posted September 5, 2019 Share Posted September 5, 2019 57 minutes ago, hotblack42 said: Bullcr@p No buyers that return a profit. I'm negotiating on a Scott Carbon road bike. 12 yrs old, never used cost £1500. Got him down to £350 so far. Market doesn't give a flying f*ck what you paid or 'need'. Ask any real trader. This stupid bint has fallen for her own hype. ?? spoken like a true trader. I know someone who buys machines from factory sales....he literally will wait until the seller is on the window ledge and is prepared to step off rather than sell. Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2019 Share Posted September 5, 2019 7 minutes ago, Pop321 said: ?? spoken like a true trader. I know someone who buys machines from factory sales....he literally will wait until the seller is on the window ledge and is prepared to step off rather than sell. That's interesting. Wifey works for medium sized family firm in the warehousing industry. They have no company general ledger, multiple bank accounts with various hidden funds and overdraft facilities under the different directors. Whilst the economic weather's been fair they've raked it in. Some of the directors sound quite detailed operators. Some don't. But I imagine if they did go bust it would be sudden unexpected and a shock to the management. Quote Link to comment Share on other sites More sharing options...
untakenname Posted September 5, 2019 Share Posted September 5, 2019 2 hours ago, hotblack42 said: Bullcr@p No buyers that return a profit. I'm negotiating on a Scott Carbon road bike. 12 yrs old, never used cost £1500. Got him down to £350 so far. Market doesn't give a flying f*ck what you paid or 'need'. Ask any real trader. This stupid bint has fallen for her own hype. The seller can always break for parts, did that with my old bike after no genuine interest and got more for it than it cost new two years before. Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted September 5, 2019 Share Posted September 5, 2019 August out, still falling https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-august-2019-6644.pdf Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted September 5, 2019 Share Posted September 5, 2019 57 minutes ago, untakenname said: The seller can always break for parts, did that with my old bike after no genuine interest and got more for it than it cost new two years before. Odd isn't it? A few hours with a few spanners & presto, carbon frame, ultegra groupset, wheels and various carbon odds & ends worth thick end of £500. I'm going to ride it though.?♀️? ..Then sell it in bits in a few years time LOL Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted September 5, 2019 Share Posted September 5, 2019 1 hour ago, Peter Hun said: August out, still falling https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-august-2019-6644.pdf Not huge falls mostly, but Look at that beautiful sea of minus signs. Brings warm feelings to my heart. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 5, 2019 Share Posted September 5, 2019 5 hours ago, Si1 said: I know what she's done wrong. She needs to do the wealth dance (tm) and then everything will be okay. I wonder, if she can't afford to take a mill or so hit on this property, is that the reason she's holding out? Because she needs to cover her leverage?? Its a clusterfk. She appears to have crowd funded the development. Theres no sign of the money on her company. God knows who owns what n how. Even for super prime london, 5m is a *lot* London had 8,200 1m+ property sales. I would guess thd number over 5m is tiny. Quote Link to comment Share on other sites More sharing options...
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