Standard Life suspends trading in UK property fund

Kohoutek

GBP below $1.30 now.

voodle

Who knows how this will go, I think I signed up on here around when the economy crashed last time and there were more systems to balance it all out back then. This time will be hilarious, sadly this time I have employment and savings but it looks like neither will last all that long (my company is an importer, hooray!)

Congrats to the £ for going lower than I've seen or has been recorded in my 33 year lifespan. What a shame I didn't vote to become destitute.

The unfolding of this as rental yields get lower for foreign investors will be hilarious, a feedback loop if I've thought it through correctly (and that's hard, I've been drinking a lot recently!)

edit: haha I really did sign up around the last time the economy fell over

AG47

Kohoutek wrote: »

GBP below $1.30 now.

The usd is going to keep going up, 1:1 ratio here we come.

CLAPTON

voodle wrote: »

Who knows how this will go, I think I signed up on here around when the economy crashed last time and there were more systems to balance it all out back then. This time will be hilarious, sadly this time I have employment and savings but it looks like neither will last all that long (my company is an importer, hooray!)

Congrats to the £ for going lower than I've seen or has been recorded in my 33 year lifespan. What a shame I didn't vote to become destitute.

The unfolding of this as rental yields get lower for foreign investors will be hilarious, a feedback loop if I've thought it through correctly (and that's hard, I've been drinking a lot recently!)

edit: haha I really did sign up around the last time the economy fell over

imports will indeed get more expensive as the pound devalues.
however, why do you want rental yields to be high?
why do you want property prices to be high?
how do these things help the economy for ordinary peopleor businesses?

If I were you, I'ld give up the drinking and go running / cyclying : it would give you a better perspective onlife.

poppy10_2

voodle wrote: »

edit: haha I really did sign up around the last time the economy fell over

Wow. 8 years - a very long time from signing up to making your first post. Welcome! :beer:

ruggedtoast

CLAPTON wrote: »

imports will indeed get more expensive as the pound devalues.
however, why do you want rental fields to be high?
why do you want property prices to be high?
how do these things help the economy for ordinary peopleor businesses?

If I were you, I'ld give up the drinking and go running / cyclying : it would give you a better perspective onlife.

I appreciate that trying to correct your many misapprehensions is rather like trying to herd 10,000 stampeding cats into a broom cupboard using a dandelion stem but, here goes...

This is a commercial property fund. Investors in the fund are so negative on their outlook for British people and businesses to be able to spend money thanks to you and your mates voting Leave, that they are bailing out en masse.

This isn't an announcement for the 800,000 new homes on greenfield sites that we need to alleviate the property crisis, all of which will be opposed by an army of Claptons in case it means 3 new parking spaces have to be added to the village M&S.

Its also a pretty clear signal that investors are now pulling out of the UK.

So, thanks for that.

padington

It's almost ( obviously not) but almost worth it, watching the dream of the leave idiots plays out. No more rubbish from them, they had their cake and now it's all over their face. Last time they ever win another referendum ever again.

Thrugelmir

CLAPTON wrote: »

imports will indeed get more expensive as the pound devalues.

Everyone is overlooking the fact that exports need to rise to balance the books. You can't have it both ways. Lower pound makes it more cost effective to retain production onshore rather than moving it out to Eastern Europe, India or Asia.

padington

Thrugelmir wrote: »

Everyone is overlooking the fact that exports need to rise to balance the books. You can't have it both ways. Lower pound makes it more cost effective to retain production onshore rather than moving it out to Eastern Europe, India or Asia.

Are you possibly saying that this mess was a wise way to do this ?

Thrugelmir

padington wrote: »

Are you possibly saying that this mess was a wise way to do this ?

I'm looking forward not back. Opportunities have to be taken as they arise. The world isn't standing still while people ponder.