Persimmon Share Discussion Threads

[johnkidd1] 31/10/2024 16:34

Knee jurk reaction by investors. Stamp duty for first time buyers still 0%.No stamp duty on first property under £300000.Extra cost for landlords and second homes. This should help release some more properties for buyers. It's interest rates that will drive demand. Still shortage of housing and gov encouraging more building. All positive for builders.

[pander45] 31/10/2024 13:52

Apocalyptic

[jaf1948] 31/10/2024 13:08

sikh,

I apologize - I misread the date.

[ricardo montalban] 31/10/2024 13:04

“ more cheaply “ Thicko.

[time 2 retire] 31/10/2024 12:46

Agreed and with divi dropping next Friday we get to buy more cheaper.

[jugears] 31/10/2024 12:38

But their aren't many consequences if your a private home buyer, buying a house to live in? unfortunately the markets get spooked by a puff of wind these days, nothing more than great buying opportunity IMEO.

[sikhthetech] 31/10/2024 12:33

JAF,

My post from yesterday was when share price was rising, lol
As gullible investors didn't understand the consequences of the budget.

The budget is great for the NHS (and TLY) but not for housing market and HBs.

[jugears] 31/10/2024 12:29

Sicktit has copied & pasted the same post on all hb's BB's, meanwhile the hb's carry on building & selling houses lol most 2nd home owners buy an old terraced house or a cottage by the sea, why would anyone buy a new build for A. a second home or B. a property to let out (unless you are paying cash in the first place) as you would never cover the repayment cost from rents if you had a mortgage.

[jaf1948] 31/10/2024 10:43

Share price drops, sikhthetech posts.

You could almost set your clock by it.

[sikhthetech] 30/10/2024 14:15

Budget.


CGT up. Not good for investors.

Significant rise in Stamp duty on 2nd homes from 2% to 5%.

No replacement for "help to buy". No significant help for FTBs.


Budget not good for b2l/2nd property owners.

[rich1967] 28/10/2024 21:46

I agree, it’s crazy. The company I work for has a share scheme, but I’m definitely a “working person”. When I retire, hopefully in few years, all my income will come from shares, by way of a defined contribution pension scheme (no gold plated final salary scheme unfortunately). I may not be working any more, but everything I have will be the proceeds of decades of work and saving.

[beckers2008] 26/10/2024 08:40

"Starmer pressed of whether his definition of a “working person” includes those who earn part or all of their income from property or shares.

Mr Starmer said: “Well, they wouldn’t come within my definition.” END

I thought company staff who are part of a share save scheme are defined as 'Working People'

The PM should make his definition 'Working People' perfectly clear to his electorate.

[beckers2008] 24/10/2024 09:32

"Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 5676
Well I'm shorting the lot PSN, BWY, RDW"

Lol, just lol!

[meanreverter] 20/10/2024 19:00

Sure, there are plenty of empty houses in places where there are no jobs and no-one wants to live. The housing shortage is where houses are in demand.

[sikhthetech] 20/10/2024 16:24

Target the current issues around empty homes, buy to let, Air BnB oversupply and this will go a long way to resolving housing issues.


There won't be a need to build 1.5m new builds.


If empty properties are brought back into use then this would go a long way to solve housing issues.
The govn wouldn't need to build hundreds of thousands of new builds.

Tackle buy to let, as evidenced by landlords using platforms like Air BnB. Tackle empty homes.


Why are we building homes when so many are standing empty?

"There are just short of 700,000 empty and unfurnished homes in England, according to the most recent government figures, external. Of those, 261,471 are classed as “long-term empty,” meaning no-one has lived there for six months or more.

If all empty homes were brought back into use, the housing crisis would be solved at a stroke and, arguably, the government would not have to build 1.5m new homes."

[beckers2008] 19/10/2024 09:54

"Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 5676
Well I'm shorting the lot PSN, BWY, RDW"

Lol, just lol!

[kreature] 19/10/2024 06:19

Budget looking like it might be daylight robbery,,,,, Last thing anyone will be doing is splashing out on a waste of money. IMO

[adamb1978] 18/10/2024 09:32

Mortgage rates are continuing to come down - best 5 year fixed mortgage rate is 3.74% (via First Nationwide).

Once we get through the budget, you'd expect these improved mortgage rates to really improve transaction volumes

[beckers2008] 17/10/2024 09:43

Inflation falls to 1.7%

Am I going to be correct yet again about a BoE base rate cut in Q4 2024?

"Beckers2008 - 19 Sep 2024 - 15:54:19 - 19085 of 19113
Remember my statement...

BoE base rate at 6%
Absolutely no chance.

Q3 2024 interest rate reduction?
Absolutely every chance.
I was correct yet again!

I expect the UK's next rate cut to come in Q4 2024 followed by four quarterly cuts in 2025 and one cut in 2026 resulting in a 3.5 per cent base rate by the middle of 2026.

Watch and learn trolls, you have lost the argument as I told you over a year ago.

Now when is the UK house price crash going to happen, lol, just lol!"

[jaf1948] 16/10/2024 15:17

Sikh,

I don't think I exactly said that, but if it makes you happy, then OK.

[sikhthetech] 16/10/2024 11:56

Jaf1948,

It's good you and your mates value my input, especially as the newsflow has been as expected.

Inflation down to 1.7%, so should get another interest rate cut soon. As expected, rates were kept higher for longer and I wasn't expecting cuts until the summer.

However, the govn is planning huge tax rises. Tax rises will negate some or all decreases in interest rates.


sikhthetech - 11 Jun 2024 - 13:35:13 - 5575 of 5586
Time 2 retire,

The company/sector newsflow has ALREADY been as predicted, hasn't it????.

The prediction was also that the BoE won't start to reduce interest rates until summer... My calendar says it's June!!!



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