Persimmon Share Discussion Threads

[kreature] 29/2/2024 03:33

Desperate ?



Personally I would just cut house prices by 99% , if they weren’t still overvalued after a 99% discount…..

[beckers2008] 28/2/2024 13:03

""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW""

Oh dear, 'Lol, just lol!

[ymaheru] 26/2/2024 21:48

@Porsche1945, you told us to quit UK market a year ago, and sadly I didn’t. US has definitely done better.

I’ll reassess in Summer when I have time, but might well be moving a lot of my UK pension to US shares.

[kreature] 26/2/2024 21:31

I reckon buyers of most new builds are like lambs to the slaughter, with less rights than leaseholders over escalating management fees

If anyone genuinely gave a hoot, they would maybe standardise the TP1 deeds to exclude all holds over the freeholder

[sikhthetech] 26/2/2024 20:46

The CMA report clearly shows that Estate Management fees are questionable. HBs have gone from onerous ground rents, which were investigated and HBs forced to correct, costing millions, to onerous Estate Management fees.

Not good.

[kreature] 26/2/2024 17:27

Might not apply to Persimmon, but as I understand in general, you’re typically jointly liable with the other estate residents for the public grass areas and roads that anyone from anywhere can use. So say there’s a drain cover missing that a horse falls into and the rider is injured and the insurance isn’t good enough…. Guess who is liable.

That’s why in my opinion, new estate houses in general with escalating estate charges and public liabilities, have highly questioable values over the long term, unless you have nothing to lose perhaps, or if you just need a place to get out of the snow as a last resort maybe ?

[beckers2008] 26/2/2024 16:20

""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW""

You clearly are the idiot, lol, just lol!

[kreature] 26/2/2024 15:44

Becky, only an idiot would buy a new build house with covenants in the deeds that effectively make the place imv not a freehold. It’s horrible and personally I think the new builds are worth far less than zero due to that, and due to the liabilities attached to the public spaces. IMO, ATB

Ps, I reckon the only thing new builds are good for are social housing where an owner has nothing to lose.

[beckers2008] 26/2/2024 14:05

""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW""

Did you or didn't you Short PSN, BWY, RDW?
Your lack of clarity speaks volumes.

PSN was £11.49 on 10th November, lol!
Only an idiot would have shorted at that price and when it was clear that interest rates were never going to 6%.

Remember my statement...

BoE base rate at 6%?
Absolutely no chance

[kreature] 26/2/2024 13:48

Tbf, how can new build houses be marketed as ‘freehold̵7; when they are simply and obviously not free from the hold of a management company ? Surely that’s a breach of Consumer Rights ?

[kreature] 26/2/2024 13:26

Don’t worry Becky, this is extremely overpriced imv

[kreature] 26/2/2024 13:24

‘ These charges are often high and unclear to homeowners.’

Very soft report imo, not addressing home owners being bent over a barrel n deeds by management company?. Surely the fact is that the management charges are uncapped and unregulated in law, so you are bent over a barrel? Never mind being unclear, they deeds are totally one sided towards dilution of freedom of hold ……thus having the potential to devalue your home in the future

Imo only

[beckers2008] 26/2/2024 13:21

""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW""

Did you or didn't you Short PSN, BWY, RDW?

PSN was £11.49 on 10th November, lol!
Only an idiot would have shorted at that price and when it was clear that interest rates were never going to 6%.

Remember my statement...

BoE base rate at 6%?
Absolutely no chance

[kreature] 26/2/2024 13:17

‘ 80% of new homes sold by the eleven biggest builders in 2021 to 2022 subject to estate management charges’

Dear oh dear. Obviously I wouldn’t pay 10p for a new build with such uncapped unregulated estate management charges. They can of course fkright off with their schemes.

[porsche1945] 26/2/2024 12:54

UK listed shares are now known in the city as the “ bug zapper trade “ 😂😂 Does anyone actually buy dosgshyt uk shares anymore really? Stick to S&P trackers and buy growth, dividend dross like this the fast way to lose ( most ) your capital.

[sikhthetech] 26/2/2024 12:36

Well done Kreature for highlighting Management fees and build quality as major concerns.




Concerns around estate management charges and the build quality of some new homes.
New Competition Act investigation opened into 8 housebuilders following evidence suggesting information sharing.

"The study also found substantial concerns about estate management charges – with homeowners often facing high and unclear charges for the management of facilities such as roads, drainage, and green spaces. Concerns have been found, too, with the quality of some new housing after the number of owners reporting snagging issues increased over the last 10 years."

"Our report – which follows a year-long study – is recommending a streamlining of the planning system and increased consumer protections. If implemented, we would expect to see many more homes built each year, helping make homes more affordable. We would also expect to see fewer people paying estate management charges on new estates and the quality of new homes to increase. But even then, further action may be required to deliver the number of homes Great Britain needs in the places it needs them.

The CMA has also today opened a new investigation into the suspected sharing of commercially sensitive information by housebuilders which could be influencing the build-out of sites and the prices of new homes. While this issue is not one of the main drivers of the problems we’ve highlighted in our report, it is important we tackle anti-competitive behaviour if we find it."


"Private Estate Management: the CMA found a growing trend by developers to build estates with privately managed public amenities – with 80% of new homes sold by the eleven biggest builders in 2021 to 2022 subject to estate management charges. These charges are often high and unclear to homeowners. Whilst the average charge was £350 – one-off, unplanned charges for significant repair work can cost thousands of pounds and cause considerable stress to homeowners. The report highlights concerns that many homeowners are unable to switch estate management providers, receive inadequate information upfront, have to deal with shoddy work or unsatisfactory maintenance, and face unclear administration or management charges which can often make up 50% or more of the total bill.
Quality: housebuilders don’t have strong incentives to compete on quality and consumers have unclear routes of redress. Analysis also suggests that a growing number of homeowners are reporting a higher number of snagging issues (at least 16). The CMA’s consumer research and other evidence revealed that a substantial minority also experienced particularly serious problems with their new homes, such as collapsing staircases and ceilings."

[meanreverter] 26/2/2024 12:14

CMA investigation started:

[beckers2008] 26/2/2024 11:25

""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW""

Did you or didn't you Short PSN, BWY, RDW?

PSN was £11.49 on 10th November, lol!
Only an idiot would have shorted at that price and when it was clear that interest rates were never going to 6%.

Remember my statement...

BoE base rate at 6%?
Absolutely no chance

[kreature] 26/2/2024 08:47

Your post mocking shorters doesn’t really work as mortgage rates rise and share prices plummet. Tbf like

[beckers2008] 25/2/2024 14:01

""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW""

PSN was £11.49 on 10th November, lol!
Only an idiot would have shorted at that price and when it was clear that interest rates were never going to 6%.

Remember my statement...

BoE base rate at 6%?
Absolutely no chance

[sikhthetech] 25/2/2024 13:43

If introduced, 99% mortgages would put more homebuyers into negative equity.

It's a headline grabbing plan but ill thought as the consequences can be disasterous for those taking out these mortgages.

It makes the huge debt crisis even worse.




"What 99% mortgages could mean for first-time buyers... and the housing market
Government reportedly considering 1% deposit scheme for aspiring buyers
It could help those struggling to save - and perhaps boost housing market
Repayments on small-deposit mortgages are high - and negative equity a risk"


"However, critics argue that 99 per cent mortgages would be irresponsible and put borrowers at risk of negative equity in the future, if house prices fall.

UK house prices fell by 1.4 per cent last year, according to the Office of National Statistics.

Negative equity is when a home becomes worth less than the remaining value of the mortgage.


If that happens, the owner may be left unable to remortgage, and in some cases be forced to sell their home to pay the bank.

Peter Stimson, head of product at MPowered Mortgages says: 'The Chancellor's move to introduce 99 per cent mortgage loans is an irresponsible attempt to grab headlines rather than create solutions and is indicative of a government that has run out of ideas.

'A 99 per cent mortgage is, in essence, a 100 per cent mortgage – the 1 per cent deposit hardly contributes to preventing losses.

'This approach puts borrowers at significant risk of falling into negative equity and encourages poor financial decision-making.

'As such, this appears to be a particularly surprising decision from a government promoting a nation of investors and savers.

'At a time when climbing the housing ladder is already a struggle, should we really be saddling first-time buyers with even more debt?'"

[kreature] 24/2/2024 22:38

I dunno if I can take these MPs seriously ? What d’you think ? Is this a matter of public interest ? :



“The large property developers…..are scamming people from the start”

[beckers2008] 24/2/2024 14:54

""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW""

PSN was £11.49 on 10th November, lol!
Only an idiot would have shorted at that price and when it was clear that interest rates were never going to 6%.

Remember my statement...

BoE base rate at 6%?
Absolutely no chance.

[kreature] 24/2/2024 13:01

What does the expression ‘lamb to the slaughter’ mean ? Kind of reminds me in gereral of new build ‘freehold̵7; (lol) title deeds with uncapped unregulated management fees. Is it best not to mention the TP1 title deed here just in case he general public read it ? Any advice would be appreciated.