What's going to collapse next...

[HousePriceMania]

What's going to collapse next....Canadian house prices.

[Uncle Buck Rogers]

2 hours ago, HousePriceMania said:

What's going to collapse next....Canadian house prices.

Time for them to blackface the music.

[gibbon]

On 08/07/2022 at 10:39, HousePriceMania said:

Aussie Builders

 

 

 

 

 

 

 

 

 

 

Think you're reading too much into that. Builders going bust isn't like some high street chain going bust. For the builders it's just a profit maximisation strategy. They won't own anything on paper, all the workers sub-contracted out, a leased office somewhere for a few admin girls and a few computers/cars. By the time they wind up all the money would have been funnelled into the directors bank accounts and they'll be ready to phoenix, leaving a few unprofitable jobs unfinished which they fucked the bidding on. Also helps them to walk away from bad work on old jobs. TLDR: Going bust is a normal part of how their industry operates.

[gibbon]

On 14/04/2020 at 10:06, gibbon said:

They are everything wrong with my generation really. Grade A soyboy going along with his mrs insane idea to start a fucking vanity business cat cafe because she likes cats. No fucks given whether people in the local area actually want one. Loading up with debt secured again their parents house, then calling the waaaambulance and blaming the "mean" loan company because they don't like the real world of having to pay off your debts, then starting a crowdfunder because they are entitled and feel everyone else should pay it off for them.

https://www.gofundme.com/f/save-steampuss-cat-cafe

Wankers.

 

Prob bad form to quote myself but can't believe this place is still going! £6 just to get in as well. I start believing there's a cost of living crisis once places like these go to the wall.

Checked out their google maps reviews, charming couple

 

Edited July 14, 2022 by gibbon

[spygirl]

This is quite good and crosses several thread and comments - 

A whiff of Woodford’: how Jupiter’s Chrysalis came unstuck with unlisted companies

Shortly after paying a £117mn performance fee, the value of the trust has plummeted

https://www.ft.com/content/ca73a4cb-e1de-454d-a309-5fa1064070c4

 

 

The £117mn bumper performance fee paid out by investment trust Chrysalis last year gave little sign of the brutal months ahead. “[It] was an embarrassment of riches,” said Richard Parfect, fund manager at Momentum Global, a top 10 shareholder in the trust that invests in unlisted companies.

“It was on the back of good performance, optically at least. [But] you don’t want to be seen to be doing too well.” The fee was driven by soaring valuations of Chrysalis’s early bets on private technology companies such as “buy now, pay later” fintech Klarna; ecommerce retailer THG; challenger bank Starling and digital payments platform Wise.

The trust’s two managers took their £60mn fee in stock, with the remainder paid in cash to Jupiter Asset Management, the struggling UK fund house that oversees Chrysalis.

<Theres an interactive diagram which I cant copy n paste>

[HousePriceMania]

Good news in Oz again

https://www.news.com.au/finance/economy/interest-rates/why-sydney-and-melbourne-are-up-for-a-record-house-price-correction/news-story/fd6b4fb255cb6e1fb1504bde47fc33ff

 

"Record house price correct".

[Herby]

Small anecdotal, but friend who works for an asset management hedge fund company in my local town. The rumblings coming from the analysts are worrying a lot of people there, and they're afraid for their jobs. 🤷🏼‍♂️

Edited July 30, 2022 by Herby
Spelling

[spygirl]

On 19/07/2022 at 10:13, HousePriceMania said:

Good news in Oz again

https://www.news.com.au/finance/economy/interest-rates/why-sydney-and-melbourne-are-up-for-a-record-house-price-correction/news-story/fd6b4fb255cb6e1fb1504bde47fc33ff

 

"Record house price correct".

Neighbours started filming in 1985.

In the 35y since, Oz has one recession.

Theres a massive amount of fuckwittery about to hit the Oz fan.

 

[HousePriceMania]

https://propertyindustryeye.com/eye-newsflash-easyproperty-owner-evolve-goes-into-liquidation/

 

EYE NEWSFLASH: easyProperty owner Evolve goes into voluntary liquidation

 

https://easyproperty.com/

[No One]

[Ash4781b]

Early for Cineworld to go for bankruptcy. Hard to analyse too. Lots of discussion about pandemic, streaming services. A little bit on the size of the debt. Not much on cheap TV’s. Pretty disastrous cooking pot. Edit : and the quality of films?

Edited August 19, 2022 by Ash4781b

[eek]

3 hours ago, Ash4781b said:

Early for Cineworld to go for bankruptcy. Hard to analyse too. Lots of discussion about pandemic, streaming services. A little bit on the size of the debt. Not much on cheap TV’s. Pretty disastrous cooking pot. Edit : and the quality of films?

We go to the cinema whenever anything half decent is own.

last film we went to was Bullet train and literally nothing interesting has been released since the beginning of this nothing..

Edited August 19, 2022 by eek

[HousePriceMania]

Should've gone and bought Iceland...maybe not

 

 

[Axeman123]

5 minutes ago, HousePriceMania said:

Should've gone and bought Iceland...maybe not

 

 

Power bills are going to be horrendous I imagine.

Needs to rebrand as "tin land" or "room temperature storage land"

[HousePriceMania]

 Funding Circle Holdings PLC

31.10 GBX-84.70 (-73.14%)year to date

[Stuey]

On 24/08/2022 at 15:14, Axeman123 said:

Power bills are going to be horrendous I imagine.

Needs to rebrand as "tin land" or "room temperature storage land"

There's what, 40 or 50 degrees difference at start of cooking between a Fray Bentos delicacy and some Iceland frozen equivalent. That could be an extra £1 of oven use.

@King Penda is a very smart girl 

[Herby]

Purplebricks announced redundancies today.

And another one on Bloomberg but will have to listen out for it and update

[eek]

On 19/08/2022 at 22:35, eek said:

We go to the cinema whenever anything half decent is own.

last film we went to was Bullet train and literally nothing interesting has been released since the beginning of this nothing..

Still not been to the cinema - next time will probably be Black panther 2 (that's only because twin A wants to go)

[Herby]

19 hours ago, Herby said:

Purplebricks announced redundancies today.

And another one on Bloomberg but will have to listen out for it and update

Philips to cut 4,000 jobs worldwide after hit from legal action

[Ash4781b]

Made.com reported on the brink of collapse. Looks like a race to stock listing last year.

https://www.bbc.com/news/business-63403363.amp

 

[logan]

https://www.ft.com/content/f6d2fe70-16fb-4d81-a26a-3afb93e0bf57
 

Pootin did it

[Castlevania]

On 30/07/2022 at 13:23, spygirl said:

Neighbours started filming in 1985.

In the 35y since, Oz has one recession.

Theres a massive amount of fuckwittery about to hit the Oz fan.

 

How much has the population increased since 1985?

[wherebee]

3 hours ago, Castlevania said:

How much has the population increased since 1985?

A lot, almost all into the eastern states along the coastal region.  Largest immigration groups have been the british, europeans, then indians/chinese.  Chinese immigration dropped off a cliff in 2020 due to the pandemics, not coming back yet.

The amount of over leveraged fucking idiots is huge.  I was talking to a younger contact the other month - he and his wife are struggling on their 2022 mortgage now rates have gone up.  I didn't know, but they also have an investment property in Melbourne with a mortgage just about covered by the rent.

When I mentioned in the US the government had overnight banned eviction for non payment of rent during the pandemic, he didn't believe me.

Then he did

Then he phoned a real estate agent to start the selling process..... 

[HousePriceMania]

I'm moving to Jeopardy, I here there are a lot of jobs in Joepardy.

 

https://www.independent.co.uk/news/business/morrisons-mccolls-store-shutdown-jobs-b2215181.html

 

Morrisons to shut 132 McColl’s stores putting hundreds of jobs at risk

Edited November 1, 2022 by HousePriceMania

[Ash4781b]

It looks like Next plc are feasting over the bones of Made.com. It Doesn’t look great for those who outstanding orders through Made.com