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Comments
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<scratches head>Not really business minded then!
Running a successful and prolific business means being ruthless. The only reason you would be 'nice' to a customer is purely on the basis of you gaining something from their business. If you can keep the custom by spending less on the merchandise, that's what you do. If you think that you can attract a better customer, you dump your current one.
You can't critisize LLs for not running their business in such productively minded ways, and then critisize those who do and are considered greedy rather than productive.
Cutting your losses is often a very good idea. Crystallise the loss that you've already taken on paper, and reduce the risk of it becoming worse.0 -
That's not how it works, so I assume that's just an opinion?....
Oh you tease! Fancy telling me I'm wrong then failing to qualify your claim.
Please do tell me how the statement 'BTL creates it's own demand' is factually inaccurate'... especially in the current market where buyer demand far exceeds seller supply.0 -
Red-Squirrel wrote: »Social housing usually offers solid, well maintained houses at affordable rents. The only reason people don't want to live in them anymore is that there are so few and the demand so high that they tend to go to the neediest and most poverty stricken people in the country, leading to an increased level of social problems and also a fair amount of stigma.
If that wasn't the case, if all rented housing was social housing, why on earth wouldn't people want it? Why would anybody choose the extra cost, the gamble regarding landlord competency, and reduced security of private?
It was in an area of the North West where there isn't a shortage council homes but the tenants didn't like the area they were living in because of the crime and they wanted their children to go to a school that wasn't full of the children of criminals so they moved out of the council house and into an area of lower crime.0 -
<scratches head>
Cutting your losses is often a very good idea. Crystallise the loss that you've already taken on paper, and reduce the risk of it becoming worse.
I think I'm the one scratching head! The point I've tried to make is that not all LLs are in it to make a profit, ie. run an productive business, many are fine with the prospect of being a LL purely as an investment for the future. This means that it isn't greed that drive them to be LL as we often read about LLs.
The fact that there might be no gain doesn't mean there is a loss either.0 -
The point I've tried to make is that not all LLs are in it to make a profit, ie. run an productive business
Then, frankly, they're bloody idiots. They could be doing FAR more productive things with their time and capital.
Or, in other words, make a profit. Just a totally unpredictable one over the long term, totally outside of their control, rather than a predictable and controllable one in the short-to-medium term.many are fine with the prospect of being a LL purely as an investment for the future.
Profit != Greed.This means that it isn't greed that drive them to be LL as we often read about LLs.
Over what timescale?The fact that there might be no gain doesn't mean there is a loss either.
It's vanishingly unlikely that they will break even, to the penny. So, yes, there will be either a profit or a loss. It may only be a small one...
But if they did break even to the penny, then that's a very strange use of their time. They've also lost money, when inflation's taken into account.0 -
The fact that you're in denial about reality doesn't mean it isn't reality.
I am well aware that we currently do not have a system that rewards hard work.
Guest101 claimed he wanted one, then made it clear that he didn't really.
You, for some reason, decided to lecture me about the current state of affairs, which wasn't in any way what I was talking about.0 -
Then, frankly, they're bloody idiots. They could be doing FAR more productive things with their time and capital.
Who are you to decide what is best for others. You sound very judgmental and it begs the question as to why? Once again, not everyone make decisions on the basis of productivity.
Are all those paying into a pension scheme doing so to make a profit? All investments are unpredictable to a degree, property is considered the least so, especially for those who bought some years ago.Or, in other words, make a profit. Just a totally unpredictable one over the long term, totally outside of their control, rather than a predictable and controllable one in the short-to-medium term.
That simple equation is getting a bit too philosophical or even political for me to get into it. You could extend this to anyone who owns something and sell at a profit, be it a house, a car, anything on ebay...Profit != Greed
Who is to decide how people should best use their time? Maybe some LLs enjoy running their business, even if it doesn't earn them anything and they somehow believe that they will benefit in the future. Who is to tell them they are wrong to do so?But if they did break even to the penny, then that's a very strange use of their time. They've also lost money, when inflation's taken into account.0 -
No, I reminded you of basic truisms which will never change. They have never changed, since mankind moved on from battering each other around the head with bones and started bartering instead. They will never change, however much you'd like them to.Red-Squirrel wrote: »I am well aware that we currently do not have a system that rewards hard work.
Guest101 claimed he wanted one, then made it clear that he didn't really.
You, for some reason, decided to lecture me about the current state of affairs, which wasn't in any way what I was talking about.0 -
Are all those paying into a pension scheme doing so to make a profit?
Yes. They're doing so to improve their profit, through tax avoidance. That's what a pension IS.
The ONLY investment that isn't for-profit is sticking your cash under a mattress. Even putting it into a savings account instead of your 0% interest current account is a decision taken to maximise profit.0 -
No, I reminded you of basic truisms which will never change. They have never changed, since mankind moved on from battering each other around the head with bones and started bartering instead. They will never change, however much you'd like them to.
Hey I'm not the one who said they wanted them to change (I do, but I didn't say it) that was Guest101.
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