Persimmon Share Discussion Threads

[sikhthetech] 06/11/2022 19:55

HBs reporting updates this week.

The rise in markets is only good for traders. The outlook within HBs updates, the Chancellor's Autumn Statement will decide the direction.

Lenders forecasting 10-15% crash in house prices will not help sentiment within the UK housing market.

[winner31] 06/11/2022 16:47

Dow up 400+ points, Asia markets flying ,I feel this is going to be a good week for us long suffering holders !

[sikhthetech] 04/11/2022 20:24

Cupra
"All that negativity and yet share price up 2.7%"

Ftse up 2% and so HBs moving up, as expected.
HBs moving in sync.
(rolls eyes twice)
;-)

HBs due to report.
Chancellors Autumn Statement in couple of weeks.

Best to trade hyped sectors.
;-)



sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<...>
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price rises all impact affordability.

[cupra kid] 04/11/2022 19:26

All that negativity and yet share price up 2.7% (rolls eyes).

[mingo6] 04/11/2022 12:57

Me personally don't think there will be a complete housing crash I think that some sectors within the housing market may see a downturn such as the higher end but I do foresee a upturn on the affordable housing markets as people are either forced into this sector due to rising mortgages or are looking to downsize, so I can see this end of the market being very saturated with demand which will drive up prices for these types of houses.

[scobak] 04/11/2022 09:38

Does anyone know of a site that covers Persimmon? Thought I had found one but unfortunately not.

[jugears] 03/11/2022 16:05

Sikh,House prices will fall (MAY FALL, NOT WILL FALL) by up to 30% in next year, lenders warn

[kop202] 03/11/2022 16:01

......But the shorters are mindlessly doing their thing so hes not really wrong is he?Tories committed to building target of 300,000!!?? houses....or is it dwellings?Tories will do something to support HBs./first time buyers...what's the point of the Tory Party??

[beckers2008] 03/11/2022 15:51

'Sikhthetech' is getting so desperate it is posting yesterday's news, lol!

The village idiot strikes again and continuly posts negative BS.

Over 4 Years of being a wrongen, lol, just lol!

[sikhthetech] 03/11/2022 14:31

There you go, more and more media/lenders etc following, as expected.

Forecasting 30% crash in house prices...

Buy to let market worsening.

Watch the demand fall and supply increase

;-)


"House prices may fall by up to 30 per cent in a worst case scenario, a leading mortgage lender has warned, as higher interest rates and strict financial stress tests squeeze the market.

Financial experts giving evidence to MPs warned that the UK was likely to experience a contraction in house prices with a “very uncertain outlook” over the next 12 months.

They warned that banks and building societies were already imposing tougher tests on buyers that would restrict their borrowing, adding that conditions in the buy-to-let market were worsening"


House prices will fall by up to 30% in next year, lenders warn

[steveberyl] 03/11/2022 13:15

House prices falling ?? 3 million hong kong residents could be here very soon.

Illegal immigrants will live in Caves? no, House`s.

UK Economy has been destroyed, wilfully, imho. Recklishly.

Bring Johnson back ????? are UK People MAD ???

BIGGEST PROBLEM UK has,?? Box ticking for jobs. IT DONT WORK.

[horndean eagle] 03/11/2022 13:08

Love the way you are now qualifying your 40% fall in house prices. Still haven't responded to my previous post re your prediction and whether you are confident enough to put a wager on. Its free money isn't it given how confident you seem to be

[sikhthetech] 03/11/2022 13:01

Bookbroker,

The BoE has always been reactive. They did the same before GFC and previous housing market crash, so nothing new. A point I have previously mentioned.


Inflationary pressures were there early last year. That was the time for BoE to act.

With Nationwide forecasting 10-15% house price crash as well, the newsflow is pointing to GFC mk 2. GFC saw property prices crashed 40%, peak to trough, in some areas.

[bookbroker] 03/11/2022 12:55

That will totally screw this country, central banks have basically wrecked every economy through their inaction last year letting inflation take hold.

[horndean eagle] 03/11/2022 12:24

Obviously Sikh misses the most important part about the update in that rates are not going to rise where markets think they will. That again has been obvious. Just like house prices likely to fall modestly in coming years.

[sikhthetech] 03/11/2022 12:20

BoE raises interest rates by 0.75% to 3%.
Tax rises to come as indicated by Sunak and Hunt. 2 weeks until Autumn statement.





Very Challenging 2 year recession!!! and they still raise interest rates!!!

"The Bank of England raises interest rates by 0.75% to 3% - the biggest hike in more than three decades"

"It also forecasts that the UK is facing a “very challenging” 2 year recession - which would be the longest on record"

"The interest rate influences things like mortgages, repayments on credit card debt and the interest paid on savings accounts"

[petersinthemarket] 03/11/2022 10:03

Is this the persimmon thread or the sikh thread? for pity sake, get a grip. The filter works well.

[brucethegoldfish] 02/11/2022 21:01

Also Sikhthetech - what is your response to Horndean Eagle?

At least put your money where your mouth is.

[brucethegoldfish] 02/11/2022 20:59

“Watch the demand fall and the supply increase.“ Rather obvious that point Sikhthetech!

What would be much more informative would be for you to share your understanding and expectations on the imbalance of supply and demand in the housing market. Whilst in the short term supply may increase and demand may fall, demand for housing in the UK will still remain greater than the supply until new builds close that gap. We are many, many years away from that point.

[ammons] 02/11/2022 20:57

Sikh, you arent a guru. Although you think you are. Everyone knows that house prices are gonna fall. That, funnily enough, will mean that HB profits are gonna fall. Everyone knows that too. You are sounding like a badly scratched vinyl record. HB share prices have fallen too as a result. Well knock me down with a feather!!! I will be buying one or two of those collapsed shares myself. Not yet though.

[sikhthetech] 02/11/2022 20:24

BoE meeting tomorrow.

This is 2 weeks before the Chancellor's Autumn Statement so they don't know what impact the Statement will have.

House price falls so far forecast by banks/property experts:

Watch the demand fall and the supply increase.


These are for next year:
Lloyds house prices to fall 8%, worst case 18%
Capital Economics house prices to crash 12%
Credit Suisse house prices to crash 15%
Natwest house price falls 7%.

Nationwide house prices crash 10-15%

[jaf1948] 02/11/2022 19:43

sikh,

Thank you for your reply. I don't agree with most of it but that doesn't matter as you are perfectly entitled to post your opinions.

What I still don't understand why, having made your point, you feel the need to keep repeating it - as we say in Latin, cui bono ?

[horndean eagle] 02/11/2022 18:58

It seems like Sikh greatest achievement in life is predicting a 40% peak to trough fall in UK house prices during the GFC. Of course it is slightly tempered by the fact it only occurred in a very tiny percentage of areas but that is enough for him to feed his ego and believe he is ultimate soothsayer on housing. Can you please clarify what your expectations are of a 40% fall in prices this time around. Are you suggesting official land registry house prices will show a combined 40% fall across the country? If you are I am happy to have a very considerable wager at even money that not happening. Contact me off board and we can set up an escrow to make sure everything is above board.

[sikhthetech] 02/11/2022 18:43

Jaf,
I don't know about the Albanian Mafia but the Russian/Chinese/N Korean Mafias try desperately to suppress opinions which don't fit their agenda!!!!


All HBs share price are moving largely in sync. Look at the graphs for yourself.


I'm negative on housing market. My posts have been consistent and the housing market newsflow has been as expected.

During GFC I predicted 40% price falls, peak to trough, in some areas and they did fall. I think there'll be similar fall, peak to trough, in some areas this time.


I see the FED has raised interest rates by 0.75% today.

I see Nationwide are forecasting 10-15% crash in house prices... joining Lloyds,
Natwest etc.



Are you saying they are also part of the Albania Mafia????
;-)