Thanks for digging that post out again, Benny – the bit I keep coming back to is the test rather than the arithmetic: is the discount measured against what comparable stock nearby actually settled for, or just against the vendor’s asking price? If it is only against the asking price, then the whole return-on-cash case rests on the refinance…[Read more]

Tangential but useful for anyone also investing in US equities alongside property – I screen stocks by typing plain English rules instead of fiddling with filter builders. Free tool: https://relaxfolio.com

Slightly off-piste from bricks and mortar — I’ve been screening US stocks in plain English instead of building filters by hand. Free if anyone’s curious: https://relaxfolio.com