Wrong on both counts I'd suggest: (A). NO. Unless they are trying to finance the purchase of a new home in Knightsbridge or a penthouse apartment overlooking Central Park in N.Y. by using an unscrupulous lender who accepts a half an acre of swamp land in Florida, or a bombed out shack in a Rio favella to push the deal through. (B). On the contrary. It's usually people who have very high levels of financial acumen who utilize the availability of "bridge financing" to ensure they do not miss a good opportunity ( the availability of the new home they desire to purchase - it'll usually be snapped up quickly). Let me try to explain. As you were the first person (I believe - too many posts to troll through to be certain) to bring up the analogy of selling & purchasing a home in comparison to buying/selling football players. I think the analogy is shaky, or at least a little misleading. Real estate tends to continue to be an appreciating asset...at least in the last hundred years it has been. I'd go so far as to say ever since the first bricks & mortar homes were built. The occasional global financial slump, war, or bursting bubble may cause a temporary slowdown (reversal sometimes) in that general trend. Has always bounced back. Football players may start out as potential appreciating assets. In a very short time they peak and rapidly revert into a depreciating asset. In our situation, as supporters in this transfer window, we can see this happening. We seemed to want to buy Gray ( maybe an appreciating asset, maybe not..no-one can say for sure). What seems more certain is that the market apparently views Jelavic & Hernandez as depreciating assets, or certainly overvalued assets that would certainly drop in value. They (NJ & AH) clearly are, demonstrated by no concrete offers materializng or the beating down of our doors. They do, however, have very high carrying costs associated with them. The difference between a real asset (a home) and a footballing asset (player) is compounded by this artificial closing of the transfer window. No such thing exists in Real Estate markets. Homes continue to appreciate in value,whether "upgrading" to a bigger one in a more prestigious neighbourhood, or downsizing to free up capital for other reasons.This applies the home someone may wish to sell. Footballers (in our case) depreciate through that period. Lining up (presume you meant getting the deal formalized & financed) a new home and selling an existing one first is not a major financial hardship in today's market. Lining up a footballer (paying for him to sign the contract) may well be if you can't sell your assets ( Jelly &/or Fernandez ) and need to wait for the next transfer window to open. That seems to be what City's management are saying/have said. Different markets, different parameters/governing factors. Substitute" football player" for "house" in my response and your original analogy is all I was saying. Chalk & cheese.
"The difference between a real asset (a home) and a footballing asset (player) is compounded by this artificial closing of the transfer window. No such thing exists in Real Estate markets. Homes continue to appreciate in value,whether "upgrading" to a bigger one in a more prestigious neighbourhood, or downsizing to free up capital for other reasons.This applies the home someone may wish to sell. Footballers (in our case) depreciate through that period." Why do you say they depreciate through this period?
More **** about the housing market. Makes a change from the 10 pages about how to class cocaine I suppose. Any transfer news?
They are ageing, their contracts are running down, and no-one seems interested at the prices we seem to be holding out for - in this case their buy-out valuations. No ?
Autocorrect I was skiing last year and the Mrs was in the resort. Sent her a text to say I had stopped for a hot choc - autocorrect made choc into Chick. I wasn't popular when I got back to base
Jelavic never. Fernandez maybe. No-one else seems to be rushing to take a punt . We're not talking about unknowns here.
I think you are a bit confused. I was talking about football somebody else was talking about the housing market and the relevance was how you couldnt use analogies between the two
Different players. The market dictates. Nobody is sniffing. Do you think the examples I am giving are appreciating in value ?
No I dont but I thought your analysis was more of a general one and I pointed out the flaws. You then gave a couple of examples but that doesn't prove your theory. It's exactly the same with houses - there's a lot of properties in mablethorpe depreciating in value
Hdm says vydra could be available for £6 million, I didn't realise he's only 23. If this is true I think he's the best option available to us and I think probably a better buy than gray.
My theory ( nice of you to call it that Peter), was to debunk the shaky analogy between real estate and footballers general trajectory in their values. The upward trend in footballers asset value is limited. Real estate is generally not - except for war, insurrection, natural disasters or financial meltdown etc - Wall St crash, sub-prime shenanigans and other such rarities. Presumably the Mablethorpe example you give is due to a severe economic downturn in the area ? Footballers always end up valueless. SydneyTiger seemed to be the one with an ardent generalization. My theory substantiates both the general situation, and more specifically the one City are facing as we speak. Plus he suggested selling a house first before signing on the dotted line for the purchase of another was necessary.That is far from the truth. In fact it's a superb strategy if you have access to credit & wish to make a fortune. Even buying up Mablethorpe properties will be an opportunity for some smart businessman/corporation with foresight and a decent time-horizon I suspect. PS. Cue Cambtiger...
In other news, Maloney is booked in for a medical tomorrow morning, should be announced tomorrow and should feature against Rochdale Tuesday night.
