Time is running out
Dazz;
The reason you should be looking at consolidating now is because of the conduct of the banks with their valuations which in the last 12 months have become laughable. The stupidity of the banks actions particularly with commercial property is going to cause unneccessary foreclosures and ensuring firesales. Those commercial owners who have little or no debt with long term leases will ride out the price falls and will once again see commercial yields at 10-20%. Have a look at what is happening in the U.K. at the moment with commercial property.
There is a lot of money coming out of the share market and my sense is its a herd mentality. In the last stock market crash in 1987 a lot of investors rushed out and overpaid for what they thought was a safe bricks and mortar investment. We remember because we sold our first investment property in early 1988 before the property downturn in 1989 . I'll be acused of being a sooth sayer but I have my eye on October as being an interesting time on the share market in addition to the majority of sub prime loses yet to wash over the world economy.
My concern for you is that from your posts all your assets are hanging out in the breeze with a bunch of shirts arranging to bend you over early next year to drive home their version of a rectification if you get my drift.
Your comment on timing is a moot point. We have spent the last 12 months trying to protect our assets. I have spent a lot of time at seminars learing about bankruptcy and the new claw back provisions and understanding asset protection through trusts.
Your property portfolio is like a large ship it takes time to turn it around and if your life boats have holes in them you will go down with the ship. No good saying you and the first mate can start again what often happens is the stress causes you to drift apart and the fire in engine room goes out.
Change tack and protect yourselves, to be forewarned is to be forearmed
Please don't take this as a criticism, its genuine concern I've enjoyed your posts over the last year or so.
Dazz;
The reason you should be looking at consolidating now is because of the conduct of the banks with their valuations which in the last 12 months have become laughable. The stupidity of the banks actions particularly with commercial property is going to cause unneccessary foreclosures and ensuring firesales. Those commercial owners who have little or no debt with long term leases will ride out the price falls and will once again see commercial yields at 10-20%. Have a look at what is happening in the U.K. at the moment with commercial property.
There is a lot of money coming out of the share market and my sense is its a herd mentality. In the last stock market crash in 1987 a lot of investors rushed out and overpaid for what they thought was a safe bricks and mortar investment. We remember because we sold our first investment property in early 1988 before the property downturn in 1989 . I'll be acused of being a sooth sayer but I have my eye on October as being an interesting time on the share market in addition to the majority of sub prime loses yet to wash over the world economy.
My concern for you is that from your posts all your assets are hanging out in the breeze with a bunch of shirts arranging to bend you over early next year to drive home their version of a rectification if you get my drift.
Your comment on timing is a moot point. We have spent the last 12 months trying to protect our assets. I have spent a lot of time at seminars learing about bankruptcy and the new claw back provisions and understanding asset protection through trusts.
Your property portfolio is like a large ship it takes time to turn it around and if your life boats have holes in them you will go down with the ship. No good saying you and the first mate can start again what often happens is the stress causes you to drift apart and the fire in engine room goes out.
Change tack and protect yourselves, to be forewarned is to be forearmed
Please don't take this as a criticism, its genuine concern I've enjoyed your posts over the last year or so.