Taylor Wimpey Share Discussion Threads

[jugears] 05/7/2022 21:34

Midnight farmer,what was/is your previous user name/names on here? I wonder what happend to up yours, I mean up 10? Probably left school by now!

[spawny100] 05/7/2022 21:03

I don't think you're right saying you're tied into a 2 year fixed rate for 3 years Sikh. Think you're making that up. You're only tied into a fixed rate as long as the period the rate is fixed for.

[jugears] 05/7/2022 20:52

No but bloody good for bargain hunters & long term investors like me. I see my investments at least doubling in the next few years may be sooner, we have been here before , be carefull not to read to.much into market gloom or you may miss the boat!

[sikhthetech] 05/7/2022 19:08

Chancellor and Health Secretary both resign... Not a good time for the ftse... markets hate uncertainty..

[rwlly1] 05/7/2022 18:41

Ill stick with my 50p target, we are entering a different era. Higher food and energy prices, lower property prices.

[beckers2008] 05/7/2022 17:35

Jugears, That's the Buffet rule, Buy when others are fearful. Carful communicating with the 'Sikhthetech' the clueless troll about interest rates. He doesn't know the difference between the BOE base rate and the bank to bank lending rate, lol! He's been calling a house price crash for over two years, lol! He has Zero credibility and is an idiot, lol, just lol!

[jugears] 05/7/2022 17:06

Very good day bought share in 6 of my favourite companies, this time I am going to try trading should see a good 5% profit this week after today's manipulated falls, you have to laugh at the stupidity of it really but hay ho at least when the markets do turn I'm going to see very substantial profits. IMO as of today the entire stock market is exceptionally under valued DOYR. ST What you under estimate is how many people buy houses that don't need a mortgage, Higher rates don't effect everyone in fact its very beneficial to people with savings & there are more people with savings than borrowers, judging by the amount of people queuing to get into my local retail park(one of the biggest in the uk) on Sunday an hour before shops opened & the long ques in the shops really looks like people are cutting back, N0T ! IMO as per usual the markets have completely blown higher interest rates & inflation out of the water, nothing new there then! "While 83.1 per cent of existing mortgage holders are on fixed-rate contracts, as many as 32.7 per cent of this group are on short agreements" Sikh what it fails to mention is how near to the end of there mortgages are the 32.7%? & just because people took out fixed rate mortgages they were paying a lot more than a tracker mortgage so wont hit them as hard plus like your chummy st you assume that people wont be able to afford higher mortgages but you don't no every ones individual circumstances do? just like the rest of the market doesn't either, I think I will stick with my investing plan, never failed me in nearly 50 years, how many times has Tw defied the markets in the last 13 years, many many & I have know doubt they will again.

[sikhthetech] 05/7/2022 17:04

gay, According to the FT 32% are on short term fixed rate agreements, so when their fixed term ends, they are in for a shock as they move to svr. Most short term fixed rate mortgages have a tie in period as well, so a 2yr fixed would usually have 3yr tie in at svr!! There's also the first time buyers who are looking to get on the property ladder who don't have any mortgage at the moment.. "While 83.1 per cent of existing mortgage holders are on fixed-rate contracts, as many as 32.7 per cent of this group are on short agreements" https://www.ft.com/content/750b9ce8-ca4d-41f0-8d44-03f07bb381ff

[sunshine today] 05/7/2022 16:58

Yep for two years, and average of a two year fix at any one point in time, has to be 1 year. It takes just a handful of distressed sales to kill the market.

[gaygay3] 05/7/2022 16:55

Lot of people in fixed rate mortgages

[sunshine today] 05/7/2022 15:01

BOE to lift rates 50 basis points in just a single month. Have TW investors any idea what means. Lots of mortgages were at 1.5% That’s 25% plus in 31 days.!!

[sikhthetech] 05/7/2022 14:57

Martyn, You too, good luck.. re Cairns Homes, the Irish builder. The builders were also positive pre-the previous housing market crash. Oh look, prices crashed more than the 40% in Dublin... lol And oh look, it doesn't take a majority of homebuyers/b2l investors to be in trouble for a housing market crash... ;-) "The collapse of the property bubble was one of the major contributing factors to the post-2008 Irish banking crisis. House prices in Dublin, the largest city, were briefly down 56% from their peak and apartment prices down over 62%.[3] For a time, house prices returned to twentieth century levels and mortgage approvals dropped to 1971 levels.[4] As of December 2012, more than 28% of Irish mortgages were in arrears or had been restructured and commercial and buy-to-let arrears were at 18%" https://en.wikipedia.org/wiki/Irish_property_bubble#:~:text=The%20collapse%20of%20the%20property,apartment%20prices%20down%20over%2062%25

[sunshine today] 05/7/2022 14:52

Martyn9 Others on this BB have been talking about British Land. It has and is, suffering from structural change. The U.K. housing market is so outrageously out of kilter with average earnings, one could a massive 3/4 decline in house prices over the next 15 plus years. Just like the Roman Empire some here are in for a massive shock. Odd though it might seem today, in 2041 the U.K. law could be changed to prevent lending over 3 times income. Maximum prices on a 1, 2, 3, 4, bed homes depending on location .

[martyn9] 05/7/2022 14:44

Sikh, well good luck with your short then, perhaps these could fall to sub £1 and if they do i will buy more for the long haul.

[sunshine today] 05/7/2022 14:44

You buy at the bottom not just shy of the top. You also require increased EPS and dividends to attract new buyers into ANY share. Who wants Profit decline Loss New funding at huge discount Bust. A very real chance of the above.

[sikhthetech] 05/7/2022 14:29

Martyn "The general market getting hammered dow and ftse dragging everything down, nothing more." Apart from the drop/rise because of the 'several uncertain events during Q4-2020 (as predicted), the trend has been down since before the pandemic... Post the covid bounce, the downtrend has been there over the past 18months. Don't take my word for it, look at the TW graph for yourself. Look at the share price Feb 2019. Look at the share price Mar/Apr 2021, post covid bounce.

[tuftymatt] 05/7/2022 14:15

What about the BOE statement today? Have to hope there is a short sharp dip this summer now before a rebound in the Autumn Credit Suisse talking of 4,300 on the S&P still this year, down from 4,900, but still a big leap from circa 3,800 now.

[martyn9] 05/7/2022 13:24

The general market getting hammered dow and ftse dragging everything down, nothing more.

[sunshine today] 05/7/2022 12:01

It that a new TW low .??

[sunshine today] 05/7/2022 12:01

British Land has some property in good locations. I can go along with that. It’s valuations that are a hangover of previous decades. ( way to high for agile growing companies ). The world, and working practices have moved on.

[sikhthetech] 05/7/2022 11:42

ghh "Most investors are like sheep whereas, as Buffett says, they should be contrarian. This means being governed by risk:reward, not the herd mentality and BB trolls." Exactly what I've been saying for ages and following my conviction... Be contrarian, look at risk/reward, don't be a sheep and wait for the herd. Glad you agree...;-) If the bull points can be countered then it makes the bear case stronger. If the bear points can be countered then it makes the bull case stronger.

[ghhghh] 05/7/2022 11:37

Sunshine As always, this boils down to location. Good green offices will continue to attract tenants. Poor locations/no green will be dead meat and likely end up as residential. Brit Land and LS have seen this coming for years. BL now focused on campus incl residential 40% discount covers a lot of warts. sikh Markets are like a pendulum, always swinging between irrational extremes thanks to greed and fear. Most investors are like sheep whereas, as Buffett says, they should be contrarian. This means being governed by risk:reward, not the herd mentality and BB trolls.

[sunshine today] 05/7/2022 11:33

13 times average wage . To purchase average house. Nuts !

[sikhthetech] 05/7/2022 11:25

ST, exactly. As I've been saying since 170-180p days, why would I buy any asset/shares if I believe it's going to be significantly lower