Member Info for jotom750

LTI
So now EVERYBODY HERE knows that regarding brex**** you have NOTHING. Nothing to balance the £800 Million it's costing per week. Nothing to balance the loss of freedom of movement, freedom to study cheaply, freedom of opportunity, and many other advantages that are now lost.
Nothing to balance to new competitor we have made.
No illuminating insights.
No description of pots of Brex**** gold.
No reasoned argument as to benefits.
All you have is insults, deflection and waffle. All you have is simpleton flag waving in the odd view that hurting your nation is in some flagelistic way Good for the soul.
My advice.. When you're in a hole, stop digging.
Over to you for you, "We won you lost get over it, or your "If you like it so much then leave" and all the other insights.

LTI.
"Jot
''I await your insults''
What a giveaway - now remind me - what were your previous id's?"
You can tell your alter ego's, (I find it difficult to believe that you have any friends) that I have no other ID's.
I await you insults.

LTI
"Jot
I only respond to persons such as yourself who constantly disrupt the board with Brexit.
So you know now what not to do."
I await your response then...
But as we all know, you have nothing regarding any brexit benefits.
"When you can show, at least three objective , tangible, quantifiable advantages to brexit that outweigh the disadvantages then and only then can you infer that you are pro the UK. Until then it could fairly in my view be said that leave voters are in fact anti the UK whatever they may say about "Democracy " or "Sovereignty".

Nighty night, I look forward to seeing all the advantages.

LTI
"jot
This is a LLOYDS BANKING GROUP board."
That certainly hasn't stopped you in the past has it?
I await your insults.

LTI.
Just reply to my previous post and that will do thanks.

LTI
"Jot...
Have you any idea how long this board has had to put up with 'remainer' 'anti UK' 'pro EU'
posts from these people?. NO , so do me a favour keep your nose out".

When you can show, at least three objective , tangible, quantifiable advantages to brexit that outweigh the disadvantages then and only then can you infer that you are pro the UK. Until then it could fairly in my view be said that leave voters are in fact anti the UK whatever they may say about "Democracy " or "Sovereignty".
I await your insults.....

"J46 doesn't like it highlighted that he is a fool - so his pathetic posts
Snige, why don't you go and live in Germany - you already spend most of your time on German internet sites.
About time you stopped whinging don't you think.
The UK is not in the EU. GET OVER IT
Jot The UK have left the EU. stop crying and, GET OVER IT .
The UK have left the EU and both sides are now trying to fix something that isn't working. GET OVER IT"

Yep you're a really friendly guy!
I have only ever answered your pro brexit and right wing rants, mainly because they are simply not correct. Yes, leave won a vote. Lets see if there are benefits that make up for the £800 Million we are loosing every week.
Oh yes, and before you say it..
BREXIT WON GET OVER IT !!

LTI.
"oh dear - if you think J46, you couldn't be more wrong - he is pond life"
Having seen the way you treat people (including myself) I would rather make my own mind up on that thanks.
Maybe it's best for all to simply stick to LLOY related topics.

Thanks Seaking for that clarification. It may seem a long way away, but in my view ripples from The States are felt here. Certainly there seems to be a parallel between Republican and Conservative agender. What they do today, we do tomorrow it seems.
Good luck to all.

Thanks John, I have been surprised at the veracity of the right wing contingent on this site, little digs get dropped in at every possible opportunity it seems. But it's good to know that there are calm and sane heads here.
Anyway. Thanks again :)
Not a great day on the market today, I do wonder if it's just market makers building up positions in what is a good value stock. Though I have seen this..
"Euronext breaks LSE deal to move clearing functions to Italy
Exchanges group activates break clause 6 years early as it tilts operations away from London"
which was in the FT yesterday.
Good luck to all.

LTI.
There seems to be an echo around here, just read what I have said.

LTI
I will explain for you. If the lender did not have a rental portfolio (LLOY does not presently have one) they would not buy/keep any properties foreclosed on, but pass them off to be sold ASAP, that would be to cash or to auction as it's not their game to hold property. Understand?
If they did have a letting business then they may take the property onboard if it fits for them (location, condition, rentability etc) or sell it at their wish depending on factors. In reality as a large scale buyer they would possibly buy from other housing stock holders or developers.

Housing markets have been shown to be cyclic, though in fact it's one of the most secure of investments long term, if one has the funds or has no need to sell, as a bank or institution borrowing at preferential rates and for long term fixed rates (15 to 25 yrs) would have, then their portfolio, unlike properties they have lent money on would be less risky as they have less reason to sell and can weather price dips. They are still renting out remember and in fact the renting market would be likely to increase as affordability to buy would have gone down. They cannot do that with a simple mortgage book as easily as they do not know when or if a property could be repossessed or it's saleability when that happens as they may be in a falling market. Selling for them in dribs and drabs is less attractive I would imagine.

Just a note, I seem to remember that last week you proposed that interest rates going up (so as to push up share prices) would not be any cause for alarm to the housing market, why have you changed your mind then?

MV. You're possibly correct, though I don't think that we will ever completely agree! :) one may say that her people are a countries most valuable infrastructure.................. LOL!
In the end, China is going to rule all, as compared to the west they have a continuity of purpose. It's depressing I know, but I think true. Other countries fragment and have divisive elements, the states are in real turmoil, it's very counterproductive.

MV, funny to say, I forgot that as a bank they would possibly borrow the majority of the money for purchases at long fixed terms and lower rates, so it may not actually be that cash intensive. One can go round and round in circles with this....As I said though, it's what management are paid for.

MV, I'm not sure that many illegals are able to afford the rents being charged by companies like Blackstone, they are middle income type places. I agree that it could all end in tears, but looking at a 25 year trend it's not too bad. If there was a share buyback this could fail if new banking entrants came into the area like PayPal, ApplePay etc have done, and caused share prices to drop. In effect they are diversifying are they not? In the end it's what we pay management for.

LTI. So you are saying that housing lets that presently has a return of between 4% and 6 % and house price inflation of around 3% to 5% (all annual figures) is more risky than other options? Or is your only other option that of returning the money to shareholders ?
I would say that you are incorrect regarding any cushion. As property owners and letters the company would have no real need to sell the properties in a downturn, (unless it needed the cash) unlike it would have to do presently if handed back the keys, as it then has to auction off the property cheaply. All of that is unless there is some reason that there is likely to be a house price crash.

MV, as we all know, in business mistakes can be made in many areas, just look at NWG as an example. I have no idea where the housing market will go, I have simply stated that private equity in the states is buying up housing at a big rate. If one looks at a long term graph houses seem to offer good returns, we all know that too and unless one has to sell, one can ride out some dips in the market. People have to live somewhere. In many respects LLOY and any lender is already exposed to risk in the housing market via their their loans, so what difference is it actually owning the property, it just requires 10% or so more capital.

Not in the least. I think though it would be safe to assume that one side had many experts (derided at the time I know as scare mongering) telling of the potential outcome and many also could see the disadvantages of things such as loss of freedom of movement etc. Why anybody mentions fishing I have no idea, it's a "red herring" of no real value to the economy compared to the finance industry, banking and tourism. I have seen nothing to say that they are doing anything other than abiding by the agreement. Are you saying that they are not doing that? Your maths seem incorrect regarding loss of exports, a percentage is just that, theirs is spread across 27 countries, ours is only to one so is probably more damaging. But lets focus on the advantages of brexit.

MOT. You may be aware that corporate home buying to let to tenants is growing at a good pace in the states, this is the latest thing for private equity firms, I think in some areas 10% of homes are being bought up. This is hugely capital intensive, it may be a reason LLOY has it's purse closed at the moment. Have they stated any budget for this move into property? Thanks.

There is only one thing worse that a sore looser.. It's a sore winner!