Tradefair & Financials
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14 Mar 10
21:20
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14 Aug 09
Surveyors, EA's, Debt Pushers, etc.............is it any wonder that these buffoons turn the economy into a complete dead potato when firstly many of them are massively underqualified in any proper understanding of economice, finance, risk, etc and all they care about is making the whole merry go round and fee based system keep turning faster and faster. Its all about capital value and then at some point 8 years of gains are wiped out in 2 years, while all along nobody cared about rental income.
Ive had some contact with junior ranking surveyors in the last 2 years and there attitude really worries me, these are just well heeled posh EA's who wear less cheap wideboy perfume and less gel in their hair. I really cant beleive these chancers haven't been given a good shaking, far too much old boys network at the RICS, and not enough rigorous principles. Valuation depends on what side of bed the valuer gets out bed, lunancy.
Ive had some contact with junior ranking surveyors in the last 2 years and there attitude really worries me, these are just well heeled posh EA's who wear less cheap wideboy perfume and less gel in their hair. I really cant beleive these chancers haven't been given a good shaking, far too much old boys network at the RICS, and not enough rigorous principles. Valuation depends on what side of bed the valuer gets out bed, lunancy.
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Replies: 17
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Been ripped off again Mikaad ?
Btw I do sympathize with your rant to a degree. However, you could also include a lot of other " professions " such as stockbroking, insurance broking, financial planning etc. |
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I'm a middle ranked investmennt surveyor in the City working for one of the biggest firms and on the biggest deals - I'm talking £200m deals now.
Beleive me, the boom years are back and is certainly not our doing. The demand is huge and the lack of stock is driving yields downwards again. Officially around 6.00% but if you're up to speed we're talking 5.25% for good, well let, long income buidlings. It's not us creating the market, we are purely reactive. Buyers set the prices, agents more or less just follow instructions. It's a free market and that's where the market is! People are fed up of 0.5% cash interest. |
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"Beleive me, the boom years are back"
thank god, I will get a pension after all |
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"thank god, I will get a pension after all"
We'll all get a pension, as long as the BoE can create binary digits out of thin air there's no danger of not getting one. The question you should really be asking yourself is how much will a loaf of bread be by then. |
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Yep and domestically people in secure jobs talking about trading up because they think these interest rates are here forever. Whats next; buy to let?
Come on its 6.45 smell the cofee something has got to give hasn't it? Will the incoming govt gamble on this hallucogenic growth or will they cut spending power and let us get on with the inevitable and neccesary pain. I say "inevitable and neccesary" though I continue to hate the bakers and Nulab for telling the common man to behave as he did. How could he and why should he have known any better. |
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May i pose a question. Supposing house prices remain stagnant for the next 18 months or as long as interest rates remain at record low levels, what would the following interest rates do to house prices-
1 year to 2 years from now base rate has risen to 3% 2years to 3years from now base rate has risen to 4% 3years to 4 years from now base rate os at say 6% during that period. Am i right in thinking the housing market crash is going to be a two pronged affair the second part of which is being delayed until interest rates rise again and its cycle of increases takes its full course? |
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something has got to give hasn't it?
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Your courage?
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Courage or recklessness.
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rents will have to rise
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Mikaad
All I can say is that you write absolue rubbish yet again. Every single industry bar none is out to make as much money as possible. We all need jobs, and we all need to make a living! The property industry is a result of Governmnet.BOE policy |
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melv 15 Mar 06:53
"...I say "inevitable and neccesary" though I continue to hate the bakers and Nulab for telling the common man to behave as he did. How could he and why should he have known any better." just not enough dough to go around |
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We'll all get a pension, just won't be able to buy anything with it!
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Mikaad im sure i remember you saying that you were in the industry of BMV property ? Or have i got you mixed up ?
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You won't get a pension as they are the most incompetant of all the investors we deal with.
They are the principal driver for prices going up, buying similar assets to what they all sold a year ago but for 30% more! |
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all roads lead to property in the UK...massive shortage
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Geordie Dave
The fear of not selling when the trend is down.. People were forced to sell as the implications of further 20-30% drops were immense. They simply had to sell some of what they had! No one will ever know what would have happened if everything was allowed to go the wall.. Thank goodness for that! |