SaraRacano
22 Oct 2018
Not Looking Good For Housebuilders Or when they go into serious negative equity. I doubt whether it´s a fantastic feeling when you know you have grossly over paid for something.
J_Westlock
20 Oct 2018
Not Looking Good For Housebuilders IAmShareCrazy: Have housebuilders inflated the price of houses so they could take advantage of home buy scheme? Well, I guess Supply and Demand suggests Yes to that. If they have sufficient numbers with access to loans inflated 20-40% over a ‘normal’ loan then it’s ripe pickings for overpricing… as they’ll find out when they come to sell.
IAmShareCrazy
20 Oct 2018
Not Looking Good For Housebuilders I was making a general comment! I am short selling at the moment and none of those actually fall into my criteria at the moment.
PrefInvestor1
20 Oct 2018
Not Looking Good For Housebuilders Hi Again @iamsharecrazy, Hmmmm guessing we arent on the same wavelength here, pretty obviously housebuilders generally only build new homes. And HTB is only available on new builds. From a general house purchasing perspective you are correct to say that you get better value buying a second hand property, but in terms of a discussion pertaining to housebuilder share prices your comment makes little sense to me ?. ATB Pref
IAmShareCrazy
20 Oct 2018
Not Looking Good For Housebuilders Well they are mugs for paying more! You’re not forced to buy new.
PrefInvestor1
20 Oct 2018
Not Looking Good For Housebuilders Hi @iamsharecrazy, I am sure that many people think that what you say is true. But the real point here, as far as far as I am concerned, is that without HTB most people can’t afford to buy a new property (especially in London and the south east). Even with HTB it’s all a bit of a challenge. If it were to end, or even just not be extended past 2020 which I think is the end date right now, then sales of new houses are likely to drop significantly. The implications for housebuilder share prices is pretty obvious… Guessing there will be something about housing in the upcoming budget which I see is scheduled for the 29th October. ATB Pref
SaraRacano
20 Oct 2018
Not Looking Good For Housebuilders It´s not just the housebuilders that have a vested interest but the banks as well. Banks never complain about over inflated asset prices. Since 2013, UK house prices have been grossly manipulated. Ultra low % rates of the late 90´s with buy to let.
IAmShareCrazy
20 Oct 2018
Not Looking Good For Housebuilders Have housebuilders inflated the price of houses so they could take advantage of home buy scheme?
J_Westlock
19 Oct 2018
Not Looking Good For Housebuilders It don’t help does it… BBC News £75m bonus boss walks off over pay question Persimmon boss Jeff Fairburn has walked off camera during a BBC interview after being asked about his £75m bonus. Still at least he’s doing OK. A fair day’s pay for a fair day’s work.
SaraRacano
19 Oct 2018
Not Looking Good For Housebuilders Perhaps just another potential threat are the burnt out consumer. Help To Buy, is only going to be beneficial for so long it cannot last forever. Like in meteorology an upper level low (just a little pocket of high cold air) eventually the ground warms the air & it dies, help to buy´s energy rescinds over time, especially when house price start to fall. Once the expectation that house prices are going to fall buyers very quickly get shaken. Who wants to pay over the odds exactly the same principle as who wants to miss out in rising markets.
PrefInvestor1
19 Oct 2018
Not Looking Good For Housebuilders Well as expected PSN, TW. & BDEV all dropping. CRST has recovered a bit, but not much. Budget next week… Pref
PrefInvestor1
18 Oct 2018
Not Looking Good For Housebuilders Hi All, Well I sold all my PSN, BDEV and TW. yesterday when I read the Crest Nicholson trading update. I know they operate predominately in London and the South East but their poor trading experience and perception of the market for new homes must read across to all of the other housebuilders IMV. I have been holding on for the capital return plans/dividends that they offer but their SPs could all be due for a major bath if CRSTs experience is anything to go by (down 8%+ yesterday). The budget next week is also a potential threat if PH chooses to make changes to Help To Buy, or even if he does nothing given that all the hiusebuikders are desperate for it to be extended beyond 2020. GLA holders, I wish you luck. I fear you may need it. ATB Pref
In_the_dark_yet_again
13 Oct 2018
Persimmon Plc the housebuilder So there is life out there! For a while I was beginning to think I was last man standing. I agree - Brexit creates huge uncertainty. Markets hate uncertainty. But on core fundamentals PSN looks pretty solid to me, still the most solid of the quoted mainstream house builders. Even if we have the worst Brexit possible I very much doubt house prices will collapse (they might not go forward very fast, probably a good thing given my kids are struggling to afford anything, for quite a long time but not collapse) which is the only thing that can really hurt PSN. Regards, ITDYA
aspace
13 Oct 2018
Persimmon Plc the housebuilder Hi ITDYA, I’m also struggling with these new boards. This is my first message after a long absence. PSN continues in the doldrums but remains fundamentally sound as far as I can see. Lots of negative sentiment about brexit and our troubled world - but it was ever thus. Happy to sit tight and collect the dividends.
In_the_dark_yet_again
22 Aug 2018
Persimmon Plc the housebuilder Sorry, me old iii discussion guy but still struggling with the new discussion pages. How did you start the topic? I bought some AVST at 215 back early June but no LSE:AVST ‘topic’ as such. Did label my post but ii doesn’t pick it up properly. Curious how you started the thread. Would like to get a pure, clean LSE:AVST up and running just in case anyone else is the least bit interested. LSE
SN. My 1st dabble with PSN was 10/03/2008, got 1448 shares at 686 for my £10k. Bought another 1780 at 335 for £6k 24th June; horrible times but the best of the bunch at that moment (IMO) with a whole sector completely out of fashion. Problem(?) is I have done some profit take in the meantime so not running the full load - bugger! but cash in the bank is cash in the bank, and I had just doubled up (very rare for me) so I always get the original chips off the table when the chance is that sweet. Still got 1700 left so still very curious. Anyway, PSN seems to go from strength to strength… just these discussion boards are so quite these days. Regards, ITDYA
