Jump to content
House Price Crash Forum

Is investors’ love affair with commercial property ending? ...


Recommended Posts

0
HOLA441
46 minutes ago, GregBowman said:

Fell out big style with a mate Count - who's daughter traded in Chihuahuas after watches - disgusting - he is an intelligent guy who if anything is softer on political stuff than me 

Sorry to hear that, but if you feel strongly about something.

I lost 2 mates who were BTLers, couldn't stand them in the end.

It said to me a lot about the type of people there were.

You get to pick your friends so always good to pick wisely

Link to comment
Share on other sites

1
HOLA442
2
HOLA443

If you follow Louis Rossmann on youtube he has a bunch of posts about NY real estate - after years of rental properties sitting empty, asking a rent level that nobody will pay, a lot of commercial mortgages are being re-evaluated this year.

That will feed through to a bunch of losses appearing in the balance sheet of some large banks before long.

Link to comment
Share on other sites

3
HOLA444
41 minutes ago, Habeas Domus said:

If you follow Louis Rossmann on youtube he has a bunch of posts about NY real estate - after years of rental properties sitting empty, asking a rent level that nobody will pay, a lot of commercial mortgages are being re-evaluated this year.

That will feed through to a bunch of losses appearing in the balance sheet of some large banks before long.

Cheers, yes I watched one of his posted on Hpc recently, about the mafia / money launderers asking silly money for NY commercial property that is too expensive to rent, yet landlord is not bothered as they are just hiding launderered money   

Link to comment
Share on other sites

4
HOLA445
13 hours ago, Habeas Domus said:

If you follow Louis Rossmann on youtube he has a bunch of posts about NY real estate - after years of rental properties sitting empty, asking a rent level that nobody will pay, a lot of commercial mortgages are being re-evaluated this year.

That will feed through to a bunch of losses appearing in the balance sheet of some large banks before long.

A few of his videos just appeared on my YT page from...God knows where! The last one I watched was him standing ouside a narrow looking commercial block near Times Square (?) with a $27m price tag. :blink: I think there was a massage parlour on the first floor. Classy. :D How on Earth does any business make any money when property prices and leases are, literally, sky high?!

Link to comment
Share on other sites

5
HOLA446

Nearly 60% of West End shop rents left unpaid, says major London landlord

Shaftesbury says 20% of flats vacant as Covid-19 prompts professionals to leave capital and international students to stay home

https://www.theguardian.com/business/2020/sep/25/nearly-60-of-west-end-shop-rents-left-unpaid-says-major-london-landlord

 

Online shopping makes many high street jobs unviable, says Next boss

https://www.theguardian.com/business/2020/sep/25/online-shopping-makes-many-high-street-jobs-unviable-say-next-boss

Edited by Saving For a Space Ship
Link to comment
Share on other sites

  • 4 weeks later...
6
HOLA447

Amid Eviction Moratorium, Wiggle Room Tightens for Retail Landlords & Tenants in the UK

https://wolfstreet.com/2020/10/19/amid-eviction-moratorium-wiggle-room-tightens-for-retail-landlords-tenants-in-the-uk/

" Land Securities (Landsec), one of the UK’s largest REITs, has unveiled plans to sell of up to a third of its £12.8 billion portfolio in a huge shift away from the retail market.

It has not yet identified buyers. Besides its retail properties, LandSec owns a vast portfolio of London offices and specialist assets consisting of hotel, leisure and other properties.

Those specialist assets, together with its retail properties, represent around half of the portfolio’s total valuation. But some of them are now on the chopping block. ".......

 

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information