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Shorty

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Shorty

Post  cyprussyd on 2017-06-15, 7:06 pm

@SAFCsource 
Interesting timing of this article, maybe preparing for life after [ltr]#SAFC[/ltr][You must be registered and logged in to see this link.]


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Financial Times on Twitter
“Ellis Short raises $2bn to invest in distressed property debt market https://t.co/1DinsrzQ4Q”
TWITTER.COM

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Re: Shorty

Post  Hieronymus on 2017-06-15, 8:15 pm

"Distressed property" is how finance people speak about mortgage repossessions and bankrupt business premises. What a way to make a living, preying on the misery of others. Capitalism in all its glory, buy cheap, then sell on at a profit, no matter who has been hurt or which debtors have not been paid before the property became 'distressed'. Awful business for an awful man. Cannot wait till he has gone.

As long as he doesn't sell to that even worse Red Bull group Shocked
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Re: Shorty

Post  Black Cat Kiwi on 2017-06-15, 10:52 pm

Hieronymus wrote:"Distressed property" is how finance people speak about mortgage repossessions and bankrupt business premises. What a way to make a living, preying on the misery of others. Capitalism in all its glory, buy cheap, then sell on at a profit, no matter who has been hurt or which debtors have not been paid before the property became 'distressed'. Awful business for an awful man. Cannot wait till he has gone.

As long as he doesn't sell to that even worse Red Bull group Shocked

Hi H, I trust your well and having a good summer sunny  
Should you ever wish to follow the paper trail it makes for good read  affraid

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Re: Shorty

Post  Hieronymus on 2017-06-15, 11:56 pm

Black Cat Kiwi wrote:
Hieronymus wrote:"Distressed property" is how finance people speak about mortgage repossessions and bankrupt business premises. What a way to make a living, preying on the misery of others. Capitalism in all its glory, buy cheap, then sell on at a profit, no matter who has been hurt or which debtors have not been paid before the property became 'distressed'. Awful business for an awful man. Cannot wait till he has gone.

As long as he doesn't sell to that even worse Red Bull group Shocked

Hi H, I trust your well and having a good summer sunny  
Should you ever wish to follow the paper trail it makes for good read  affraid
Thanks Kiwi, yes very well thanks, our daughter and 2 grandchildren have been here since May 26th. Lovely as it is, after 3 weeks of 24/7 children, we are rather looking forward to having some time to ourselves again! tongue They go home next week and then the week afterwards Mr H and I are off on a cruise from Venice, down Dalmation Coast and round to Sicily, Naples and ending in Rome. This is the first chance we have had to really celebrate my 60th birthday last year, so we are REALLY looking forward to that.

Not sure I can stomach the paper trail you refer to right now as I am currently furious about the Grenfell Tower Fire. Of course that is exactly the sort of "distressed property" Short will buy, so he can knock it down and build expensive new homes in one of  the best parts of London. As I said before, taking advantage of horrific human misery is a disgusting business to be in Crying or Very sad
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