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TheCountOfNowhere

property bonds...asset backed.

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Just saw an advert for propert bonds.

e,g

 

https://www.essexandlondonproperties.co.uk/?gclid=CPKi35-Jh9ACFQ88GwodX9gCSA

 

RECEIVE A FIXED

8% ANNUAL YIELD

 

"The Essex & London Properties 8% Fixed Income Investment is fully asset backed. "

Are these assets perhaps 60% over-priced, measured by wage affordability ?

If a deal is too good to be true....

Guess hwo the bubble is being maintained now.

 

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Oh you'll be surprised (or not) to what Ive seen in or local free glossy mag.

Full page ad:

'Guaranteed 10% return on your money'

We buy a house with your money, we refurbish it. Then we sell it or rent it out for you.

My jaw dropped at reading this.

No company number. No FSA regulation - the only way this could stay legal-ish is if one person paid for for the house and refurb cost.As soon as you get multiple people splitting the cost it becomes a security.

 

 

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10 minutes ago, GreenDevil said:

Just create tranches, something like AAA, BBB, CCC etc, whereve we heard that before, after all properdee always goes up.

This madness could push up prices even more....if people are stupid enough to invest....now, I wonder where all those pension withdrawls have gone....

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1 hour ago, GreenDevil said:

Just create tranches, something like AAA, BBB, CCC etc, whereve we heard that before, after all properdee always goes up.

I will need CDSs on those.

Hold on, I'll just ring AIG ...

Edited by Errol

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