Legal & General plans to become large-scale landlord

Thrugelmir

Graham_Devon wrote: »

There appears to be a need to find a sinister motive in this?

What's the sinister move? Property letting is profitable. If you have the cash to invest then why not do it. Unlike private investors, L&G can take a long term view. In the process offering tenants long term security.

CLAPTON

Thrugelmir wrote: »

On the scale L&G intend to operate. Creating your own end to end supply chain makes financial sense.

what scale is that?

maybe some-one could post up some information about their intentions:
I've looked on their corporate website but can't find anything specific but maybe I have looked properly.

I welcome new building from whatever source but particularly if a big player is going to build big numbers but that isn't clear to me.
Merely buying up Uni halls of residence doesn't count as new builds.

But one can't have any confidence in the moron CEO.

Thrugelmir

CLAPTON wrote: »

But one can't have any confidence in the moron CEO.

If he was. Doubt he would have the job.

CLAPTON

Thrugelmir wrote: »

If he was. Doubt he would have the job.

of course not; do you also admire Fred and CEOs of B&B, Northern Rock, HBOS, Lloyds

Percy1983

My company has an excellent CEO :rotfl:

chucky

Graham_Devon wrote: »

There appears to be a need to find a sinister motive in this?

Everyone, including you clapton, have been saying this is what's needed to bring prices down. Now it looks as if someone is planning to do it, you are looking for anything, guessing even, to suggest it's a bad thing?

It's curious that the anti-BTL brigade/people who blame others for their misfortunes think that this L&G business project will be a knight in shining armour, crushing those nasty BTL creatures.

Don't hold your breath, they are their to make a profit not reduce prices for you.

Thrugelmir

CLAPTON wrote: »

of course not; do you also admire Fred and CEOs of B&B, Northern Rock, HBOS, Lloyds

So easy to cast aspiration from behind a keyboard.

Have you ever directly worked for a CEO ?

Do you have the skill set to become a CEO yourself?

Boardrooms aren't playgrounds. Behind closed doors brutal places. As the heavyweights slug it out.

On a personal note. I do believe that they are overpaid. CEO of Barclays was only paid around £500k in 1995. Whereas Diamonds package was nearer £20 million.

CLAPTON

Thrugelmir wrote: »

So easy to cast aspiration from behind a keyboard.

Have you ever directly worked for a CEO ?

Do you have the skill set to become a CEO yourself?

Boardrooms aren't playgrounds. Behind closed doors brutal places. As the heavyweights slug it out.

On a personal note. I do believe that they are overpaid. CEO of Barclays was only paid around £500k in 1995. Whereas Diamonds package was nearer £20 million.

unbelievable


did you admire Fred the Shred?
or Daniels of Lloyds
or diamond of Barclays
or Bond of HSBC (he bought in the US subprime mortgage market)
or the CEOs of B&B, Northern Rock, HBOS ?

yes or no would be good

and do you admire a moron that says things like

L&G head Nigel Wilson told the BBC that there is "intergenerational injustice" towards young people, who can't get jobs, have to pay for very expensive education and can't afford housing.

yes or no would be good


and No I don't have the qualities to be a CEO as I don't lie or !!!!!!!! sufficiently

and I'm betting that Nigel Wilson will be on target to get some sort of honour within the next few years.

Graham_Devon

Whats wrong with what he said?

It's what lots of people feel.

I asked if that was your gripe with this earlier, it appears it is.

CLAPTON

Graham_Devon wrote: »

Whats wrong with what he said?

It's what lots of people feel.

I asked if that was your gripe with this earlier, it appears it is.

His comment about intergenerational matters is the reason I consider him a moron and unsuitable to be a CEO of a major company who have a huge number of customers who are boomers.

However that is nothing to do with my support for a company if they are going to build property.

As I have posted two or three times I can't find any real references to what L&G are actually proposing and have noted the difference between taking a hands off stake in a company and commissioning new building.

Maybe you can help with some detail.