Affordability is a major issue, despite what Jugears/Beckers tell you.
UK house price growth slowed in January |
Kreaps, at 7 o'clock this morning I had a little wager with my self as to who would be first to mention CRST, lol I got it wrong I was expecting it to be sikh, I assume you fully understand about the issues they have had before trying to compare the company to TW in any way,shape or form? All credit to you though for volunteering to help depopulate the world, when are you popping off????? |
Oh dear
‘Crest Nicholson has reported a £144m loss amid increased building safety costs and falling completions.’
Oh dear, now what Mugs ? |
Jugs why worry….. Depopulation will solve housing and hospital shortages. I’m assuming you’ve been primed with jabs ready for the next pandemic, so all good imo |
 Sicky, all might do's, meanwhile I see the share price has gone back up. If uk government come under pressure that will mean a lot less money for the NHS, we are already seeing new hospital builds delayed by 5 years that doesn't sound good to me, the country has a huge shortage of houses sooner or later they will need to be built, the government wont be building any, that will be up to the house builders, I have no doubt that we are in for a bumpyish ride for the near future but I don't lose sleep over it, if TW's share price goes down I will buy more, if it goes up I wont, I don't need to sell any shares & I don't need the income either, life has always been a challenge but its about how you manage those challenges that's important, the country has survived Wars, Covid, leaving the Eu, higher interest rates, cost of living crisis etc etc & I'am sure we will survive Trump & Starmer, what will be will be, can't do F all about it, I am thinking of starting a new enterprise building Nuclear shelters, I think you could be the ideal candidate to be my first customer????? |
Again...
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 |
Jugears
"FFS Whatever Trumpton does will not effect everyone"
What the most powerful person on Earth, who's mate Musk owns X doesn't impact everyone? Again, it doesn't need to impact "everyone" but a lot of govns, thousands of organisations/companies and millions of people will be impacted by Trump's policies.
I suppose TW are immune if there's inflationary pressures? I suppose TW are immune if huge debt crisis increases and govn has to increase taxes? |
Sickly,FFS Whatever Trumpton does will not effect everyone, you over worry & over think to much! |
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 |
Jugears,
"I can't see how trumps tariffs are going to effect a uk house builder?"
If you believe US markets, US policies etc don't impact UK markets then you really are clueless.
Trump is in power for 4years.
Labour are in power for 4+ years.
From 3 years ago:
sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<..>
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.
Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price rises all impact affordability. |
As far as I am aware ISG didn't build houses???, I haven't said hundreds of thousands will buy homes if interest rates fall< 10k alone would significantly improve the market. |
Gawd, you lot are boring. Now I’ve filtered you all, only the sensible posts will get through |
Jugears
"I know a large construction company that won a billion pounds worth of work but still went bust"
Good to see you now agree, it's not all 1 way for HBs.
"Not everyone has an affordability problem buying a home though"
No one has ever said everyone. Not everyone was forced to sell their home or went bankrupt during GFC. Not every home needs to crash 40%++.
"for starters over 30% pay cash"
Hypocrite again. You're back to suggesting a small interest rate fall will result in hundreds of thousands to buy a new build!!!! |
Sikh I know a large construction company that won a billion pounds worth of work but still went bust, what is the bottom line on 27 million, I would expect at least 4 or 5 million but in reality it will be more like a few hundred k!
Not everyone has an affordability problem buying a home though, for starters over 30% pay cash,Lets be clear some people will always find buying a house out of their reach, others will struggle but not everyone & that is my point, you are say that houses are unaffordable to everyone which is not the case.
You've made a substantial loss on TLY so why include that? I have made very good gains on other shares as well thanks, as you know RR is just one of those, which TBF probably beats all of yours lol.
Why would I pay for ADVFN when its free to use? what benefits would I get?
It's not a competition! |
How's TLY doing? I don't think buyers will hold off & wait at all, once rates fall demand will pick up & so will prices, there is already fewer houses on the market, my area alone is down nearly 30% on Pre Covid Levels, with the number of new home being built at a decade low as well, buyers will be more worried about missing out rather than waiting for lower rates IMEO
Affordability effects many people in different ways, not everyone will be effected coming of fixed rates, some of those may be coming to the end or only have a small mortgage left, None of us know!, some people have affordability issues buying a washing machine others a Bentley, absolutely anything could happen but most likely wont, I don't know what is going to happen in my life in the next 10 seconds so there is no point trying to predict the future & life is way to short to even worry about it, I've bought some nice cheap shares today, that is all that I'm concerned about, once again just another storm in a tea cup. |
Affordability is a major problem, the HBs themselves have said so. Interest rates have already been cut twice over past 6 months, yet HBs shares have fallen.
Huge tax rises negate small decreases in interest rates
sikhthetech - 15 Jun 2023 - 20:14:39 - 13970 of 20875
UH,
Of course interest rates will eventually come down. However, potential homebuyers holding off for lower rates means lower sales for HBs. These potential homebuyers could hold off for months or more than a year, if prices continue to fall.
Interest rates coming down maybe good for those about to buy their 1st home but the problem is interest rates are expected to be higher for longer. Those waiting may have to wait a long time.
In the meantime, the hundreds of thousands who are coming off the fixed rate deals taken out over the past 2-5 yrs will face significantly higher mortgage payments and possibly for many years..
That's on top of credit cards, loans and higher taxes and energy bills.
Affordability is a major problem. |
All 10k of them know less, lol oh lol, you have to laugh really but could seriously improve relationships between the UK & Europe, Tbf though we manufacture the best products in the world in the UK, even if Trumpton does impose tariffs I think it will make little difference to uk exports. |
BedBug, “ I can't see how trumps tariffs are going to effect a uk house builder?”
Probably the potential customers of the UK house builders that are affected by more global and UK economic uncertainty ? |
Meanwhile Tw continue to build & sell houses.I can't see how trumps tariffs are going to effect a uk house builder? note how he includes uk in his comments about Europe & then backs down, You can understand where he is coming from but there is a good reason why we don't buy goods from America, mostly because they are to bloody big especially cars although TBF we buy Ford & Chrysler & as the UK is 40 times smaller than the US then it stands to reason that we will buy less than we export, IMEO I don't think trump will impose tariffs on the Uk. |
Think I’ll have to forget about 123p Slugs. Market looking negatory |
Tariffs. Ftse100 stock futures plunge apparently. Um oh ah err now what |
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