Bear Goggles Posted September 20, 2020 Author Share Posted September 20, 2020 Just now, Giraffe said: Good job the banks have been thoroughly stress tested since the last crisis and passed with flying colours. Well, the article says that the banks are in much better shape than in 2008 so this puts LLs in a weaker position because the govt will be less concerned about bank failures and be less likely to step in. Quote Link to comment Share on other sites More sharing options...
Giraffe Posted September 20, 2020 Share Posted September 20, 2020 I don't see the landlords having any particular issue. They're bust. Happy as a dead hog in the sunshine. Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 20, 2020 Share Posted September 20, 2020 14 minutes ago, Giraffe said: Good job the banks have been thoroughly stress tested since the last crisis and passed with flying colours. The banks won’t necessarily lose anything here - as long as the eventual firesale covers the remaining mortgage. And banks genuinely are in better shape than 2008 no matter what you read on HPC. Quote Link to comment Share on other sites More sharing options...
NobodyInParticular Posted September 20, 2020 Share Posted September 20, 2020 On 9/16/2020 at 4:09 PM, msi said: This is good IMO. It breaks the perception of ever increasing rents - something, as I've said before, the market desperately needs. Rents are now being tied to the sucess of the business - turnover is a poor metric, but better than nothing. If commercial LL (and their funds) start having to be realistic about returns, it makes them more cautious and adjust prices accordingly. Being linked to turnover discourages you from using 'Hollywood Accounting' businesses might be tempted to use if rent was tied to profit. Quote Link to comment Share on other sites More sharing options...
Odin Posted September 21, 2020 Share Posted September 21, 2020 On 16/09/2020 at 12:31, scottbeard said: Only a tiny fraction of most pension funds are invested in property. LOL you say that now, but what happens is over time you'll find more of your pension ends up pushed towards the sector over the 10s of years until you get your payout. This is so the people that run the pension can swap their money invested in commercial property for your money invested in commercial property so they make out like bandits leaving you holding the screaming baby. So it might be a tiny fraction right now, but in 10 years expect it to be a more significant chunk. Only so much money can chase the performing sectors, the world is awash with plenty of money looking for return, pension are so vast and so slow moving they won't get first dibs. Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 21, 2020 Share Posted September 21, 2020 8 hours ago, Odin said: LOL you say that now, but what happens is over time you'll find more of your pension ends up pushed towards the sector over the 10s of years until you get your payout. This is so the people that run the pension can swap their money invested in commercial property for your money invested in commercial property so they make out like bandits leaving you holding the screaming baby. So it might be a tiny fraction right now, but in 10 years expect it to be a more significant chunk. Only so much money can chase the performing sectors, the world is awash with plenty of money looking for return, pension are so vast and so slow moving they won't get first dibs. I disagree. My own pension is a DC pension, so it's invested in whatever I choose. No-one else can force me to invest it in property. For DB schemes, which is really what I was talking about when I said only a tiny fraction is invested in property, they don't "look for return" - they are in the main closed, mature pension funds that are looking just to hedge their liabilities. They invest vast amounts in bonds and more secure assets, usually with derivative overlays to minimise their exposure to interest rates and inflation, with just a increasingly smaller allocation to return-seeking assets such as equities and property. The "people that run the pension" are a board of trustees, usually made up largely of employees of the company (often a couple from management and a could from the shop floor) plus the odd actuary or lawyer. The idea that they are commercial property millionaires is absurd. I have worked in pensions - mostly with DB schemes - for the last 20 years, so whist you can "LOL" at me, and of course hold your own opposing view, I'm not just making stuff up here. Quote Link to comment Share on other sites More sharing options...
jimmy2x3 Posted September 21, 2020 Share Posted September 21, 2020 i think the future is plain obvious. shops will once again be owned by those that operate them. the middleman will be cut out as there is no room now for a middleman. very many smaller establishments have been throughout history been able to continue due to the fact they were family run and they owned the premises and often lived above the shop. its been the advent of the investors and funds that have changed things and been as detrimental to the high streets as much as supermarkets have. just cast your eyes up a floor and see that half the buildings above street level are empty or inder-used. this never happened till the money moved in buying up all the stores. i can see things doing a complete turn-around though. Quote Link to comment Share on other sites More sharing options...
Will! Posted October 17, 2020 Share Posted October 17, 2020 Most supermarkets trade at v level ptofit margins. https://www.hl.co.uk/shares/share-research/201911/sainsbury-profits-down-but-in-line-with-guidance 3% True. FT Alphaville: Tesco needs evolution not revolution (Registration but not subscription required) Quote Link to comment Share on other sites More sharing options...
winkie Posted October 17, 2020 Share Posted October 17, 2020 i think the future is plain obvious. shops will once again be owned by those that operate them. the middleman will be cut out as there is no room now for a middleman. very many smaller establishments have been throughout history been able to continue due to the fact they were family run and they owned the premises and often lived above the shop. its been the advent of the investors and funds that have changed things and been as detrimental to the high streets as much as supermarkets have. just cast your eyes up a floor and see that half the buildings above street level are empty or inder-used. this never happened till the money moved in buying up all the stores. i can see things doing a complete turn-around though. Would be great if it happened....... luckily there are many shops, restaurants, cafes, and public houses that are sole trader small businesses, they provide a great and individual service......they survive because they own the freehold, some live above them.... the profit they make goes into making their business better and providing a top class service to their customers......the best high streets are owned and run by the business that created them......no rent to pay. Quote Link to comment Share on other sites More sharing options...
BobbyZZZ Posted October 17, 2020 Share Posted October 17, 2020 I have a commercial tenant who is a barber and always pay his rent yearly in advance every November, it will be interesting to see next month if pays a year in advance again! Quote Link to comment Share on other sites More sharing options...
spyguy Posted October 18, 2020 Share Posted October 18, 2020 True. FT Alphaville: Tesco needs evolution not revolution (Registration but not subscription required) I think EG and PE debt fuelled buyout of Asda is going to improve margins. Quote Link to comment Share on other sites More sharing options...
Will! Posted February 11, 2021 Share Posted February 11, 2021 On 18/10/2020 at 07:23, spyguy said: I think EG and PE debt fuelled buyout of Asda is going to improve margins. FT Alphaville: Layer cake Asda will need some impressive margins to support £3.7bn debt. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 11, 2021 Share Posted February 11, 2021 On 17/10/2020 at 21:27, BobbyZZZ said: I have a commercial tenant who is a barber and always pay his rent yearly in advance every November, it will be interesting to see next month if pays a year in advance again! Did he? Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 12, 2021 Share Posted February 12, 2021 14 hours ago, Will! said: FT Alphaville: Layer cake Asda will need some impressive margins to support £3.7bn debt. I missed a 'dont' inbetween 'I' and 'think' Cornershop owners at the gates ... Hmm, doesnt sound like a big seller. In short, this is TPG shoving EU lendng (EG are the biggest use of EU debt/slush funds) into a a v high risk venture, with a couple of daft patsys. UK has way too many super markets; no margins. I always thought Sainso would go. Looks like its ASDA. Unlike the 80s, the hubris will be recorded. https://www.independent.co.uk/news/business/gateway-takes-on-pounds-500m-debt-as-restructuring-is-agreed-supermarket-group-ringfenced-from-parent-in-novel-deal-1453819.html Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted February 12, 2021 Share Posted February 12, 2021 Judging by the big queues outside Sainsburys (and on the same street as an Aldi) they must be doing something right. Having said that, their smaller rip-off stores must be being hit hard, now their captive commuter customers are WFH. Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 12, 2021 Share Posted February 12, 2021 On 21/09/2020 at 01:38, Odin said: LOL you say that now, but what happens is over time you'll find more of your pension ends up pushed towards the sector over the 10s of years until you get your payout. This is so the people that run the pension can swap their money invested in commercial property for your money invested in commercial property so they make out like bandits leaving you holding the screaming baby. So it might be a tiny fraction right now, but in 10 years expect it to be a more significant chunk. Only so much money can chase the performing sectors, the world is awash with plenty of money looking for return, pension are so vast and so slow moving they won't get first dibs. The idea that commercial property made a good inflation hedge was pulled out of someones **** in the late 80s. Its doesnt. never has. A big lie that the life companies propagated. The UK life companies are destroyed now. The commercial property is owned by the annuity people i.e. those trying to get a yield. Quote Link to comment Share on other sites More sharing options...
coypondboy Posted February 12, 2021 Share Posted February 12, 2021 1 hour ago, spyguy said: The idea that commercial property made a good inflation hedge was pulled out of someones **** in the late 80s. Its doesnt. never has. A big lie that the life companies propagated. The UK life companies are destroyed now. The commercial property is owned by the annuity people i.e. those trying to get a yield. Lots of these properties will be converted to studen lets or as buy to let no planning laws make it easier to do this will provide the income needed as vasy swayes of joe public lose their homes as furlough ends and banks and lanlords start taken back their properties. There will be huge demand for this as 3.5 million chinese and 6 million pre settled status EU migrants try to find a home in city centres where the work is. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 12, 2021 Share Posted February 12, 2021 19 minutes ago, coypondboy said: Lots of these properties will be converted to studen lets or as buy to let no planning laws make it easier to do this will provide the income needed as vasy swayes of joe public lose their homes as furlough ends and banks and lanlords start taken back their properties. There will be huge demand for this as 3.5 million chinese and 6 million pre settled status EU migrants try to find a home in city centres where the work is. have you see this.... Seems to be a lot of those settles status types have unsettled themselves. Quote Link to comment Share on other sites More sharing options...
Timbuk3 Posted February 12, 2021 Share Posted February 12, 2021 The future of the High Street is now to demolish most of it. Seems like a good idea as there are too many retail units that are no longer fit for purpose and will never get new tenants. I expect the owners will be bleating for a big pay off to compensate them, at over inflated prices. Hopefully councils will use their power to force sales through at 'market values'. https://www.theguardian.com/artanddesign/2021/feb/11/is-this-the-future-for-britain-stockton-on-tees-park-high-street Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 12, 2021 Share Posted February 12, 2021 3 hours ago, coypondboy said: Lots of these properties will be converted to studen lets or as buy to let no planning laws make it easier to do this will provide the income needed as vasy swayes of joe public lose their homes as furlough ends and banks and lanlords start taken back their properties. There will be huge demand for this as 3.5 million chinese and 6 million pre settled status EU migrants try to find a home in city centres where the work is. No they wont. The student lets thing has long gone now. The Unis moved in and built their own. Uni student numbers are going to drop now EUers cannot access the (insane) student loan scheme. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted August 10, 2021 Share Posted August 10, 2021 More high street stores close as retail recovery stutters https://www.theguardian.com/business/2021/aug/10/more-high-street-stores-close-as-retail-recovery-stutters Quote Link to comment Share on other sites More sharing options...
coypondboy Posted August 11, 2021 Share Posted August 11, 2021 Our local Debenhams has just installed an art museum with a free entrance fee it even has a banksy not sure who is paying the rent or business rates but hey a positive outcome for a change. https://www.bournemouthecho.co.uk/news/19502310.new-bournemouth-art-gallery-giant-opens-town-centre/#comments-feedback-anchor Quote Link to comment Share on other sites More sharing options...
BobbyZZZ Posted August 11, 2021 Share Posted August 11, 2021 I have a small retail unit in Surrey on a secondary parage and had 4 offers within a week of it going to the market and a 30% increase in rent Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 11, 2021 Share Posted August 11, 2021 4 minutes ago, BobbyZZZ said: I have a small retail unit in Surrey on a secondary parage and had 4 offers within a week of it going to the market and a 30% increase in rent I have a large retail unit in Surrey on a primary parage and had no offers within a week of it going to the marketand have reduce the rent 50%. Lucky you. ( made up stuff btw ). Quote Link to comment Share on other sites More sharing options...
GregBowman Posted August 11, 2021 Share Posted August 11, 2021 26 minutes ago, BobbyZZZ said: I have a small retail unit in Surrey on a secondary parage and had 4 offers within a week of it going to the market and a 30% increase in rent what's a parage only been in B2b Myself is it a retail term ? Quote Link to comment Share on other sites More sharing options...
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