Purplebricks Share Discussion Threads

[tallrugbyguy] 10/11/2017 15:56

Lucky to get in at this price! Purple Bricks selling loads of houses near me, signs not up long before the sold sign is on them, it's the way forward

[andy] 10/11/2017 13:23

elc,

It will be in a stagnating market!

Once a few stories hit the press of people paying and then not selling it will kill the model,IMO.

I think regular agents will respond with a similar service at a similar price, and they are on the high st. and accessible.


Even BA is going like Easyjet now, charging for drinks and different number of bags.

[elcapital2017] 10/11/2017 12:19

I dont think other agents would want to be associated with it, but they could do it anonymously or via proxy. I dont think purple bricks is enough of a threat, im starting to think it will be a fad. I think agents will offer a similar alternative which kills off PB, but the upfront payment/loan is the killer here I think

[tonybaloni] 10/11/2017 12:16

You can't return what's never been paid, these are only pledges which can be withdrawn at any time. The fact that no big names have thrown their hat and £'s in shows they all may have something to hide in the dirty tricks department. Everyone's at it !!

[elcapital2017] 10/11/2017 11:46

To be honest, as a bear of purp, i cant see that the crowdfunding will work for legals. UNLESS a competitor comes in a goes there you go, anonymous 34 grand. Thye have to raise the full amount or it gets returned

[bbmsionlypostafter] 10/11/2017 11:33

It's not my goal, mate, nothing to do with me. I'm just reporting what AllAgents post on their crowdfunder site & posting updates of the amount raised.

TBH I don't think AA need anywhere near £50K to knock PURP's threatened legal action on the head. P will cave at the first opportunity. Imagine the PR disaster that awaits when PURP's Trustpilot reviews are forensically examined & the huge negative publicity in the national press (& maybe international now)!

It's a road PURP dare not travel.

[tonybaloni] 10/11/2017 11:23

Good luck with that BBM,You need to raise the remaining 65% of your goal in approx 33% of the total crowd funding period. Have you considered silly costumes etc, that seems to work for other charitable cases.

[bbmsionlypostafter] 10/11/2017 10:58

£17,283 raised.

[elcapital2017] 10/11/2017 10:44

Good to see an insti buying......theyre as stupid as numb nuts.

[ntv] 10/11/2017 10:31

LOL @ old mutual

[elcapital2017] 10/11/2017 10:06

Can i thank you numb nuts for pointing out you are long here. Nice profit thanks to you by going long. You really are an albatross!

[andy] 10/11/2017 08:25

Rog,

I agree, but the problem is in a falling/stagnating housing market volumes decrease as some people reufuse to sell at a lower price and buyers wait for prices to fall.


It will hit home improvement retail shops like B & Q and Carpetright badly too, as people don't invest so much in their homes during a downturn.

[bulltradept] 10/11/2017 08:20

On a different note, anyone else having trouble getting a market order for PURP?

They keep routing me to dealer, this week it's happened more and more. Mmmmm

[rogthepodge] 09/11/2017 22:48

ok Andy

PURP will do well when volumes increase, for whatever reason

[andy] 09/11/2017 21:33

rog,

I know people trying to sell and they say no buyers! In London too.


Stamp duty doesn't help in a high price environment for sure, but the real issue is prices are too high for generation rent, they need to come down, and let the market find a true level of supply and demand.

[elcapital2017] 09/11/2017 15:19

gum up....lol

Trust you to use words like that!

[rogthepodge] 09/11/2017 14:50

high rates of stamp duty is helping to gum up the market

now we have high prices, but no sellers!

Govt would raise more stamp duty revenue by cutting it

'cause they would have more transactions

[andy] 09/11/2017 14:37

Rog,

I don't think it's even iced up yet, a long time to go for the "thaw" IMO.


To be fair they don't tax profits on your main home, unlike many other countries, although stamp duty is a way of taking a bite out of it.

[rogthepodge] 09/11/2017 13:53

I agree that policies like Help to Buy subsidies distort the market, but then so do very high stamp duty rates and punitive taxes on residential property investment.

The market needs to be freed up, and as you say, 'let the market sort itself out'
Affordability is not the problem, with mortgage rates at such low levels (so far)

It is political uncertainty and Mr Osborne's policies that have caused the housing market to freeze.

When it thaws and volumes increase, PURP will reap the benefits more than bricks and mortar estate agents.

[andy] 09/11/2017 13:35

Rog,

The government should not play with the housing market, just et market forces prevail. Otherwise they're only kicking the can down the road, affordability is the problem and prices need to fall to allow some some new buyers to enter the market. Then the forces of demand and supply will even out.


Their BTL tax changes have had their desired effect, the only problem is that around 50% of sales were BTL, so they have slowed down sales! OOOps.....


They should let the market sort itself out, they cannot and should not run a support operation for HOUSE prices with taxpayers money.

[andy] 09/11/2017 13:28

NTV,

They won't do that, we can stand 0.5% IMO.


If they move up again that might start to have an effect as people would then assume higher rates are coming, and 'might' budget accordingly, IMO.

[rogthepodge] 09/11/2017 13:01

boofay you are talking your own book! Get three quotes, including PURP

[rogthepodge] 09/11/2017 12:58

no chance NTV

and the housing market is frozen

the govt. will have to free it up to increase volumes. Nobody is moving, and BTL ers have been taxed out of the market

badly needed new govt. policy will only help PURP

[ntv] 09/11/2017 12:29

still think BoE made a mistake raising rates as retail sales fell a lot in October
I reckon he could be cutting rates at the next meeting!