Felixstowe Docks in trouble?

Generali

FungusFighter wrote: »

Your gonna have to admit it sooner or later, the goose is cooked mate, no more easy money from property for another 10 years :T

This is a jolly interesting statement.

So what is easy money?

Buy a house, slap on a lick of paint and buy a new bath from B&Q and make 20%. Yeah that's easy money and those times ain't coming back soon.

But (and there's always a but when it comes to investment)...............................

Is easy money getting a yield above borrowed cash if you can afford to outsource the work from some of that yield?

House prices and rents are both falling from what I can tell. However mortgage rates are falling at the same time. Now you'll need a good deposit to become a landlord right now but if it's strongly cashflow positive to do so with a fixed rate on your borrowings then it's a good investment if you're young enough not to have to worry about capital values.

It would be rather ironic if the Labour Government created a new rentier class in its attempts to stay in power!

Amazing really, the last Labour period of administration ended with 18 years of Tory rule. Perhaps this one will end in a new period of wealth gravitating to the wealthy as a direct result of it's policies. Wealth which can be passed through generations at that (ie land).

FungusFighter

Generali wrote: »

This is a jolly interesting statement.

So what is easy money?

Buy a house, slap on a lick of paint and buy a new bath from B&Q and make 20%. Yeah that's easy money and those times ain't coming back soon.

But (and there's always a but when it comes to investment)...............................

Is easy money getting a yield above borrowed cash if you can afford to outsource the work from some of that yield?

House prices and rents are both falling from what I can tell. However mortgage rates are falling at the same time. Now you'll need a good deposit to become a landlord right now but if it's strongly cashflow positive to do so with a fixed rate on your borrowings then it's a good investment if you're young enough not to have to worry about capital values.

It would be rather ironic if the Labour Government created a new rentier class in its attempts to stay in power!

Amazing really, the last Labour period of administration ended with 18 years of Tory rule. Perhaps this one will end in a new period of wealth gravitating to the wealthy as a direct result of it's policies. Wealth which can be passed through generations at that (ie land).

I think you overcomplicate, it doesn't matter who's in govt or what they do, it all comes down to the pleb-factor:

When Mr and Mrs Pleb are jumping in with both feet, it's already over and the sensible money will be long gone. Then you have to wait until Mr and Mrs Pleb realise it's all over, which can take a while as by definition they are not that bright and will cling to their denial for as long as they can. Gradually the sensible money comes back in which slowly filters through to the Plebs and in they jump again, a perfect cycle. Takes about 15 years give or take.

At the mo if you admit to having half a mill in mortgages and 17 BTLs, you get sympathy, at best, or told what a wally you are. How long ago was it something to brag about? Like every bubble in history, there has to be a fashion for it which reaches the plebs, without the little people at the bottom, no pyramid, no bubble.

Forget your stats, you graphs, your theories, just watch the plebs - realisation is dawning, won't be long now!:rotfl:

Generali

FungusFighter wrote: »

I think you overcomplicate, it doesn't matter who's in govt or what they do, it all comes down to the pleb-factor:

When Mr and Mrs Pleb are jumping in with both feet, it's already over and the sensible money will be long gone. Then you have to wait until Mr and Mrs Pleb realise it's all over, which can take a while as by definition they are not that bright and will cling to their denial for as long as they can. Gradually the sensible money comes back in which slowly filters through to the Plebs and in they jump again, a perfect cycle. Takes about 15 years give or take.

At the mo if you admit to having half a mill in mortgages and 17 BTLs, you get sympathy, at best, or told what a wally you are. How long ago was it something to brag about? Like every bubble in history, there has to be a fashion for it which reaches the plebs, without the little people at the bottom, no pyramid, no bubble.

Forget your stats, you graphs, your theories, just watch the plebs - realisation is dawning, won't be long now!:rotfl:

I think you misunderstand my point. I've had 8 nights (min) of consecutive barbies and parties so you'll understand why I'm feeling a touch liverish.

The point I was trying to make is that of the many ways to invest in residential property I'll look at ways to make money as an owner, capital gains and rental income as cashflow.

Capital gains: very tough in this market. You can buy distressed stock but selling it on is going to be very hard due to banks being unwilling to lend money despite the largesse of so many generous tax payers on behalf of their kids.
Cashflow: If you get the right price and the right financing package then it's theoretically possible. Interest rates are falling faster than rents making cashlow investments potentially more profitable. It'll be hard still but hard and impossible are different things which is why they have different words :- )

The "plebs" are brighter than you think when it comes to their immediate needs.

FungusFighter

Generali wrote: »

I think you misunderstand my point. I've had 8 nights (min) of consecutive barbies and parties so you'll understand why I'm feeling a touch liverish.

The point I was trying to make is that of the many ways to invest in residential property I'll look at ways to make money as an owner, capital gains and rental income as cashflow.

Capital gains: very tough in this market. You can buy distressed stock but selling it on is going to be very hard due to banks being unwilling to lend money despite the largesse of so many generous tax payers on behalf of their kids.
Cashflow: If you get the right price and the right financing package then it's theoretically possible. Interest rates are falling faster than rents making cashlow investments potentially more profitable. It'll be hard still but hard and impossible are different things which is why they have different words :- )

The "plebs" are brighter than you think when it comes to their immediate needs.

Again, too complicated mate:cheesy:

Most people don't analyze and worry about right price etc, they just do it because Gazza down the road did it and their not being left behind.

Go sit in a pub or hang out at Asda, listen to what people are saying. The plebs are scared, they don't understand what went wrong but their trying to get out of peoperty but not many can because the market's gone t1tsup.

When the trickle becomes a flood, that's the time to start thinking about buying again but you really gotta stop reading so much and making it so hard for yourself - the plebs made this bubble, pleb panic will fuel the crash and the plebs, bless'em, will make the next bubble. I don't think you realise just how thick and sheep-like some poeple are:rotfl:

MissMoneypenny

Generali wrote: »

House prices and rents are both falling from what I can tell. However mortgage rates are falling at the same time. Now you'll need a good deposit to become a landlord right now but if it's strongly cashflow positive to do so with a fixed rate on your borrowings then it's a good investment if you're young enough not to have to worry about capital values.

Two points spring to mind:-

1. What if they are one of the LLs that have an empty property because of all the rentals available at present? The LL will still have to pay the mortgage.

2. The mortgage rates are going to go back up, but will the rents go back up before that, or will a LL have to find the money to sub their tenants?

Vinegartits

pickles110564 wrote: »

Mr tit,
You really are a doom monger who has not got a clue, time will tell and I look forward to hearing your apology in the new year.
You still have not named the 6 you quoted for and the reason why the last one closed down, or is that to hard for you. Or because it will not back up fiction take on the real situation.

Pickles, I have thought long and hard about responding to you and how it could be achieved without breaching confidences and have decided there are two things I can do to get the message out that Felixstowe is being hit, and hard, by this recession. What worries me is you are so loud and insistent that all is well you attempt to drown out any other argument, which would be fine if everyone were an ostrich like you but actually people would like to know the truth.

So, if you go to http://www.insolvency.gov.uk/eiir/IIRMasterPage.asp and go to "Trading Name" and then choose Ipswich court and Ipswich again, then in the box type a or b or c - f for Felixstowe and see how many companies have gone under this year related to cargo, import/export or haulage you will get a better idea of what is happening.

You also asked about recruitment; there were 7 agencies covering Felixstowe most of which supplied the docks. As far as I know, there are only two remaining and one of those has very few vacancies and I believe unlikely to survive. This is the list: Adecco Uk, Connexions, Drake International, Sheldrake, A&S, Reed and 1 Stop Recruitment. The two remaining are A&S and Reed. If anyone knows any more, please pm me.

drbeat

bumpty bump bump

pickles110564

Vinegartits wrote: »

which would be fine if everyone were an ostrich like you but actually people would like to know the truth.

I have been thinking long and hard, trying to work out why you are so anti the Port. Someone so Bitter and Twisted must (in his own tiny mind) have a reason.
Then whoosh like a blinding light, it hit me.
You wanted to join our merry band but you could not have made the grade.
Dont worry I know someone on the interview panel.;)
Next time you apply PM me your CV first and I will point you in the correct direction and if you convince me that you are a worthwhile candidate I will be your Champion.
There you go mate, unlike you I dont hold grudges and only want the best for everyone.

pickles110564

Generali wrote: »

I think you misunderstand my point. I've had 8 nights (min) of consecutive barbies and parties so you'll understand why I'm feeling a touch liverish.

The point I was trying to make is that of the many ways to invest in residential property I'll look at ways to make money as an owner, capital gains and rental income as cashflow.

Capital gains: very tough in this market. You can buy distressed stock but selling it on is going to be very hard due to banks being unwilling to lend money despite the largesse of so many generous tax payers on behalf of their kids.
Cashflow: If you get the right price and the right financing package then it's theoretically possible. Interest rates are falling faster than rents making cashlow investments potentially more profitable. It'll be hard still but hard and impossible are different things which is why they have different words :- )

The "plebs" are brighter than you think when it comes to their immediate needs.

I wish I had a bit of your knowledge so that I could push on with my ideas as usual thanx for your balanced views.:T

mewbie_2

pickles110564 wrote: »

only a stones throw away from the Best Football Team in the world that is IPSWICH TOWN.

I thought it was sharpened coins that were thrown these days? Still, if you got no money I suppose a stone will do.