Barratt Developments Share Discussion Threads

[rwlly] 12/9/2015 18:47

Yes and this is one reason there is a shortage of properties coming onto the market at the moment, everybody thinks that they will rise above inflation indefinatley so there is no insentive to sell

[ariesr] 12/9/2015 18:38

And besides, these valuations (particularly housing) are based fundamentally on a game of pretend.

Everybody is pretending these things have some sort of value. As long as people keep believing then its ok.

Pensions only make decent money for Governments and pension companies. An old fashioned con that many wake up to.

[ariesr] 12/9/2015 17:42

Some recent purchasers will have some protection in the form of a fixed rate for the next 3-4 years.

[cockneyrebel] 12/9/2015 16:17

taffee my dear muppet

"do bulls realise we have £1.5 trillion on debt?"

Are you aware that private pensions in this country are worth £2 trillion?

And residential property is worth £6 trillion.

Never gets mentioned does it?

CR

[taffee] 12/9/2015 14:34

Isn't that the point though bulls think it's time to party bears thinks it's
Unsustainable and will change btw it's only up 10% if you sell...prices could fall
And rates rise and 'these people's are stuffed..prices fell in Japan for 23 years
And are still far lower than 1992 peak even with zip and qe

[redartbmud] 12/9/2015 14:11

rwlly

What about those in recent times who have taken out mortgages where the interest rate has been minimal, whilst the hose price has increased 10%+ per annum?
I think that they have had a good deal.

[taffee] 12/9/2015 13:15

And if you couldn't buy then you could go on a council list based on time and get
A roof over your head potentially for life...1 of 6 million properties thus controlling housing benefits effectively...roll on 2015 and everything seems totally out of control....do bulls realise we have £1.5 trillion on debt?...run a huge deficit and pay astonishing amounts of housing benefit to landlords?

[rwlly] 12/9/2015 12:48

Rents were sensible in the 70s,+ if you were fortunate to have bought one at the start of the 70s inflation had almost bought it for you by the end.

[taffee] 12/9/2015 11:38

Let's take away all the props and property will be affordable..sounds sensible to me.there is always Huge demand for a roof over your head government job was to control it...effectively linking it to wages giving all a fair chance.what we have
Now is a credit/housing bubble of monumental proportions ala japan 1990s...what
Amazes me is seasoned investors can't see it which perhaps is the nature of bubbles
Which historically all burst.

[cockneyrebel] 12/9/2015 11:14

Hmmm - what is this about taffee? Years ago it wasn't seen as a 'right' to own a home. Most people rented and it was the select, wealthy few that could afford to buy. That's normal market forces.

Don't you find it strange that despite all your pontifications about the price of houses there's still all these people that want to buy a home?

Any other business where you had people queuing and sacrificing and begging to get the money together to buy your product then it would be regarded as a fantastic Apple like business. You've just missed the bigger picture imo.

In the 70's I remember my dad saying the price to buy a house was way out of his ability to pay for it - the average house was about £2k or so back then.

Would you say that was expensive now?

CR

[taffee] 12/9/2015 10:43

Lol...as if bears are sitting around waiting for a housepricecrash...we're just
Commenting on the housing situation on this excellent free discussion board..imo
Over leveraged property owners btl portfolio owners are risking bankruptcy and
Have so far been very very lucky...how long can this madness continue?

[william_quinn] 12/9/2015 09:27

Comfort thy brother but dont attempt to become his keeper. Unless your in the Labour party of course.

[cockneyrebel] 12/9/2015 09:08

Most peoples lives end with tears rwlly, you can't spend your life waiting to live. Are you going to wait for a lifetime to start living, for fear of tears at the end?

CR

[rwlly] 12/9/2015 08:11

One thing i know for sure taffee is this housing market will end in tears.

[taffee] 11/9/2015 15:02

Stu

I'm a free marketeer....what you have presently is more like communism...a totally
False market full of crazy government props....for their own warped ends...likely
To end in tears....tears of joy for me

[shutittrev] 10/9/2015 17:44

Taffee....you are an utter disgrace....all time high?........you should be ashamed of yourself. You are a complete loser....you are a failure. Catastrophically wrong on calling this. Nothing personal pal.

[stuart37] 10/9/2015 17:26

Taffee,
If you're looking to recruit more comrades to the Socialist Workers party then you're probably on the wrong BB!

[cockneyrebel] 10/9/2015 16:37

The last laugh? That's funny Taffee - These have doubled in a year while you've sat and carped and they've paid great divi's too.

These would have to more than halve from here to get back just to last Aug and you've been calling them down for a couple of years or more!

Pretty soon most investors of a few years in BDEV will have had all their investment back in divis alone.

Sorry but you is avin a larf innit!

CR

[taffee] 10/9/2015 16:30

Hi guys....Think I will have the last laugh on builders..I mean it's just not sustainable...Like the dotcom boom