kaya
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Post by kaya on Apr 8, 2017 11:48:06 GMT
Its great to see propertymoose already implementing suggestions from the recent feedback survey e.g. tenant intentions/more control over agents/costs/, bringing things more 'in-house', etc.
The moosenomics of investing here might yet make some financial sense.
As for suggestions, of course they were already on it... (see blog posts) propertymoose.co.uk/blog/
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on May 2, 2017 15:00:56 GMT
PM has been the most disappointing platform I have used. That's not the same as saying that it is the worst, there are several that I rate as worse, but I had such high hopes for the platform which have been dashed. Properties supposedly bought at a discount to MV which were sold at a loss after 2 years. Excessive void periods and non-paying tenants. Excessive PM costs Lack of transparency etc
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Post by cooldad on May 2, 2017 16:50:59 GMT
PM has been the most disappointing platform I have used. That's not the same as saying that it is the worst, there are several that I rate as worse, but I had such high hopes for the platform which have been dashed. Properties supposedly bought at a discount to MV which were sold at a loss after 2 years. Excessive void periods and non-paying tenants. Excessive PM costs Lack of transparency etc I agree. I also note that the platform has now been discontinued. I wonder why?
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on May 2, 2017 16:53:25 GMT
PM has been the most disappointing platform I have used. That's not the same as saying that it is the worst, there are several that I rate as worse, but I had such high hopes for the platform which have been dashed. Properties supposedly bought at a discount to MV which were sold at a loss after 2 years. Excessive void periods and non-paying tenants. Excessive PM costs Lack of transparency etc I agree. I also note that the platform has now been discontinued. I wonder why? And will The FCA take note and learn? Do not hold your breath.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on May 2, 2017 18:47:57 GMT
PM has been the most disappointing platform I have used. That's not the same as saying that it is the worst, there are several that I rate as worse, but I had such high hopes for the platform which have been dashed. Properties supposedly bought at a discount to MV which were sold at a loss after 2 years. Excessive void periods and non-paying tenants. Excessive PM costs Lack of transparency etc I agree. I also note that the platform has now been discontinued. I wonder why? What makes you say that? Still seems to be working for me.
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j
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Penguins are very misunderstood!
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Post by j on May 2, 2017 19:42:13 GMT
I agree. I also note that the platform has now been discontinued. I wonder why? What makes you say that? Still seems to be working for me. Same here
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ben
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Post by ben on May 2, 2017 21:39:30 GMT
Works fine for me too also they released a property earlier today. Cooldad has issues with PM but not quite sure what point of his post is, as all people will do is check the website anyway.
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Post by sayyestocress on May 3, 2017 8:42:25 GMT
PM has been the most disappointing platform I have used. That's not the same as saying that it is the worst, there are several that I rate as worse, but I had such high hopes for the platform which have been dashed. Properties supposedly bought at a discount to MV which were sold at a loss after 2 years. Excessive void periods and non-paying tenants. Excessive PM costs Lack of transparency etc Some valid concerns there, some of which I agree with. My main concern with PM is the 'sell to crowd' option at the end of the term; it means the value of the property is never truly tested in the market against the claimed significant discounts at initial listing and it's what I believe is responsible for some of the poor capital returns experienced so far. If the initial valuation is very optimistic to sell the property the crowd and the valuation at term is less optimistic the chances are that any capital gain is going to be small or even negative (which seems to be the way so far). Is it the same person providing the valuation upon initial listing and at term? Personally I'd only like to sell out if the property is sold on the open market. The sell to crowd option is a tricky one for PM to manage, they have to try and please the people selling and the people buying in (and take a slice for themselves?), so far it looks like the people buying in are being favoured at the expense of the sellers. Hopefully it will become a non-issue as the properties run on for more than 3 years, we shall see! It will be interesting to see how PP's 5 year sell out pricing will compare, only then can we fairly compare the two platforms. I continue to invest in PM (even split with PP); so far I'm giving them the benefit of the doubt and plan to hold properties longer than 3 years. Though I will only truly be happy with PM when SPV 47 is rented out or an act of God wipes it from this earth (assuming it's insured for said 'disaster').
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Post by ragtagarmy on May 4, 2017 17:25:06 GMT
Releasing anonymised volume and price data for deals on the secondary would be a decent start...
A proper secondary market with a complete book holding and matching buy and sell offers would solve pretty much everything else. Unless a conditional offer for 100% of the shares makes it over the take up requirement then those wanting to bank a capital gain or loss have a way out through a transparent market and those wanting to hold for income can sit and watch the rent roll in.
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on May 12, 2017 22:43:57 GMT
I agree. I also note that the platform has now been discontinued. I wonder why? What makes you say that? Still seems to be working for me. Would also be interested to hear what you base that statement on cooldad - everything appears to be up and running to me.
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Post by cooldad on May 20, 2017 12:07:48 GMT
What makes you say that? Still seems to be working for me. Would also be interested to hear what you base that statement on cooldad - everything appears to be up and running to me. If you look at the Propertymoose platform, you'll find there have been no further comments since my last comment on 15th April.
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kaya
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Post by kaya on May 24, 2017 9:44:39 GMT
Can anyone, including anyone at propertymoose, explain the moosenomics of SPV 54? Until recently it had a (very high) share 'value' of around £14.50, with secondary market prices to match (nearly), whilst now the 'value' has crashed to £10.41. Ths secondary market prices have likewise plummeted. This seems more realistic now, and perhaps propertymoose have 'recalculated' the values, but all this leaves me feeling rather nervous.
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littleoldlady
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Post by littleoldlady on Jun 24, 2017 14:34:07 GMT
Can anyone, including anyone at propertymoose , explain the moosenomics of SPV 54? . No. Nor any other one. Taking PMF A as an example. This is very simple as it is just 8% fixed. but with a month to go the latest share value is £100.85 per £100 share.
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