TheCountOfNowhere Posted September 10, 2020 Share Posted September 10, 2020 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 Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 18, 2020 Author Share Posted September 18, 2020 Queen's property drops in value by £500m after rental receipts decline https://www.theguardian.com/business/2020/sep/18/queens-property-holdings-crown-estate-500m-writedown-fall-rental-receipts Quote Link to comment Share on other sites More sharing options...
Habeas Domus Posted September 18, 2020 Share Posted September 18, 2020 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. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 18, 2020 Author Share Posted September 18, 2020 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 Quote Link to comment Share on other sites More sharing options...
MattW Posted September 19, 2020 Share Posted September 19, 2020 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. I think there was a massage parlour on the first floor. Classy. How on Earth does any business make any money when property prices and leases are, literally, sky high?! Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 26, 2020 Author Share Posted September 26, 2020 (edited) 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 September 26, 2020 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted October 21, 2020 Author Share Posted October 21, 2020 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. "....... Quote Link to comment Share on other sites More sharing options...
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