It's not unusual to get mortgages for 49 (forty!!) years, and that's before the loosening of mortgage criteria.This share has everything ready now, for a pre dividend rise. |
Be interesting to know what percentage of 2024 new build owners are now mortgaged up to the max with next to no disposable income . And what percentage of that lot are unwell with financial worries.
And how do you maintain that financially maxed out state of worry and hold down a job for 25 years? |
Meanwhile TW still continue to build & sell houses that are not unaffordable to everyone! |
Hmmmm. Sorry but I feel it would need to be two homes.
Oh. Look what the HomeOwnersAssociation say :
“ The private estate model is just awful, its a total betrayal by the govt’s of today and yesterday who are happy to take our money in the form of council tax, but are also very happy for us to pay for those same services again in the form of estate rent. Only the very wise see it for what it is BEFORE they purchase. “
Yes I agree, only the very wise. Sorry Bugs |
Question for the village idiot, Sikhthetech...
Was the UK average house price in Octoer 2018 lower or higher than in October 2024?
You went short in October 2018 and lost your shirt! Lol, just lol |
“ Again, when interest rates were rising you claimed that they make no difference as majority of homes are bought with cash. Now you're claiming it's a "key factor"”
Outrageous Jugs |
Jugears
"What I think is that when interest rates fall this will be a key factor in house sales picking up"
Again, when interest rates were rising you claimed that they make no difference as majority of homes are bought with cash. Now you're claiming it's a "key factor". Make up your mind!!!!
This is why majority of posters think you/becky/bara etc are clueless and post BS.
The KEY factor is affordability. Huge tax rises negate smaller changes in interest rates. Interest rate can go down but there's limited amount they can go down from 4.75%. Whereas given the huge debt, there's likely to be a need to raise more taxes, as well as council taxes, water, energy etc...
There's already been 2 cuts over the past 6 months. Remember my short @168p, after the 1st one last August!!!
Huge tax rises announced in the budget have yet to hit. |
“ TBF every down turn that I have been through was always good for my business.”
Normalcy bias |
Well spotted kreaps it was 50 years, must have been thinking of my bank account lol
I'll have you know I planted over 3k trees on my land!!
Sikh Im not sure what you are getting at, Tw are still selling houses end of. |
What I think is that when interest rates fall this will be a key factor in house sales picking up, stamp duty has only gone back to where it was before & only an additional 2.5k for some buyers, which is nothing compared to how much a quarter point cut in interest rates saves you over the length of your mortgage. I have No plans to sell any of my holdings as all are currently increasing (as I expected they would) at the end of the day it doesn't matter who is in power, life goes on, business's carry on, TBF every down turn that I have been through was always good for my business. |
“ The new owners of myy old company that I sold out recently after running it for nearly 50 million”
That’s peanuts tbf jugs. And I hope you paid your capital gains tax. Need that to buy a couple of trees to make up for the carnage you’ve caused to the environment over the last 150 years or however long you said it was…. |
fletcher,
Incentives. Good spot.
I and others have mentioned the increased use of enhanced incentives for ages.
Incentives cost HBs money and therefore reduce HBs profits.
More Black Friday Offers...lol
This from 2022:
sikhthetech - 17 Nov 2022 - 14:38:09 - 11305 of 21287
The energy price cap for typical users is rising by 20%, so still more affordable problems ahead.
Jugears,
I agree if, and I'd expect, HBs to offer incentives such as 5% discount but again that's the initial cost and not ongoing payments. I'd expect most potential homebuyers to wait for mortgage rates fall or house prices crash.
Incentives reduce HBs profits.
Maybe a Black Friday event, offering 10-15% off plus free flooring plus lifetime guarantees plus free home insurance plus £10k cashback would make more sales!! |
sikhthetech ; ok good spot, management fee £114 I assume a year. but did you also notice just under the At A Glance the read more link.
"This home benefits from an upgraded kitchen with spotlights and all white goods appliances included. Upgraded flooring is also included throughout."
benefits from upgraded ... not sure what the spec was, but looks like I said HBs throwing in extras rather than reducing prices. |
There 1 question that you should be asking yourselves;
Do you believe that Starmer, Rachel from accounts, and Rayner will trash the economy?
If the answer is yes, then why are you talking about buying / holding any House Builder shares. Remember housing is the first to suffer in a economic downturn.
If you think they are capable of managing the economy then keep talking up the house builders.
Not for me I have now sold all holdings (not just TW.) and will sit on the cash until late spring, and watch how budget changes kick in. I wont any money but there again I wont lose any.
And by the way whats Rayner up to,she seams to have gone very quiet. Thinking of excesses why the extra 400'000 houses wont be built. or working on employe rights that will discourage employers taking on staff. |
Not very well by the look of it lol. Makes you laugh doesn't it, posts constantly on here spouting rubbish and yet Silk totally gets it wrong with a dog like TLY lol. ? |
Oh look, Taylor Wimpey development nr Derby, so your area.
Estate management fees!!!
More evidence then that you repeatedly talk BS. |
Oh dear, rattled because evidence posted proving you talk BS.
How are TW doing?
For someone claiming to be a multi-millionaire, owning lots of property, £5m share portfolio, busiest for many years etc, you do spend a lot of time posting on a BB posting BS...
lol |
How are TLY doing? |
Jugears
"I can honestly say that I do not know of any estates with management fees."
I thought you claimed to be a small supplier to several builders? As part of that, why would you then need to know if the development has management fees or not?
After evidence is published, you change your mind and claim "Not all".
Yet again, changing the goal posts after evidence is posted!!!
You/Baracuda/Becky etc etc are clueless and have no idea how the housing market works nor how economic/political/sector newsflow impacts HBs.
You all make things up as you go along and move the goal posts to suit your agenda.
Try being consistent.
JUGEARS30 Jan '25 - 23:05 - 21267 of 21277
Well I've worked on thousands in the last near 50 years if that helps, my children live on newish estates & have never paid any but then there roads were adopted by the council.
JUGEARS31 Jan '25 - 09:16 - 21273 of 21277
Not every new build |
Anyway trolls, why is this being discussed, doesn't affect anything does it! |
The new owners of myy old company that I sold out recently after running it for nearly 50 years supplying to the housing & construction industry ( amongst many other sectors) are building another new production facility to meet demand, I am currently back there setting it up for them,I have many friends in the industry from site staff to higher management/CEO's, the last few months have been quite buoyant & should continue once rates fall further IMEO & yes I have dealt with highways on many occasions whilst building houses & commercial property for my rental portfolio.#
Meanwhile Tw continue to build & sell houses! |
 Baracuda2 ; "I really don’t know where these trolls get this rubbish from."
How about 37 years of putting together viabilities for land acquisitions, finical updates throughout the planning process and long term financial forecasts,all for major house builders.
Jugears; "I do not know of any estates with management fees" obviously you dont know that many people on new estates. And if your knowledge of planning was a bit better you would know that on some estates there are no management fees, your quite correct. But chances are that on these sites through S106 / CIL the developer will have made serious contributions for off site POS, sport pitches and play areas, normally to the LA. Hence theres no management fees for purchasers. But a lump sum management fee in effect has been paid,
And Jugears; "I've worked on thousands in the last near 50 years" work in what capacity, to work on "thousands" of sites??? Those working on sites tend to know every little about intrigersies and responsible for setting out and ongoing maintenance of open spaces, play areas, management companies etc.
And "but then there roads were adopted by the council" house builders reluctantly go for highways adoption, and it cost them a fortune in maintenance to get them adopted. Have you tried dealing with Highways Agency. Developers can use APCs and make the roads private, but its a major NO NO as from a marketing point, as the maintenance costs for purchasers could be prohibitive, along with all the technical and legal issues; bins are normally collected only from public highways, does it mean that no one can park out side your house - 'thats my piece of road', on a private road does your car insurance cover you and if theres an accident due to road conditions whos liable (the residents) ??
"Trolls" you 2 appear to have very limited knowledge of how housing developments work. I wonder whos the Troll are.
And just for your information talking to old contacts in the business. September through to December developers were quietly discounting prices. Not through reduced prices but the price now includes carpets or an upgraded kitchens, extra wall tiling etc etc. |
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