Taylor Wimpey Share Discussion Threads

[spawny100] 27/6/2022 12:20

And BTW it's "your" ignorance not "you're". Your welcome.

[wfl1970] 27/6/2022 12:19

Meanwhile...

[spawny100] 27/6/2022 12:18

I've given evidence to support my numbers. I'm waiting for yours.....

[sikhthetech] 27/6/2022 12:09

"There's never a 25% gap between asking and selling prices."
lol

That shows you're ignorance. If a property takes months or years to sell then the asking price can easily be dropped 25% from peak to trough.

Aside from that new builds can command a 20% premium, which reduces after the property is moved into. That new build premium also disappears in a property market crash, so easily 25% lower, peak to trough.


So where's your evidence of only 15-20% drop in asking prices during the last housing market crash?

[spawny100] 27/6/2022 12:06

Yes I won't bother any more unless he can provide evidence of 40%.

[beckers2008] 27/6/2022 12:04

Spawny100,

Your wasting your time with Sikhthetech, he argues for the sake of it, a sad individual and a proven fool.

[spawny100] 27/6/2022 12:00

Don't be daft. There's never a 25% gap between asking and selling prices. Your turn to provide evidence for your made up 40%.

[sikhthetech] 27/6/2022 11:58

That's average UK price, which is completely different from asking prices, which was in your post. Can you provide evidence that asking prices fell only 15-20%?


"According to the Office for National Statistics, the average UK house price dropped by 15% from January 2008 to May 2009."






spawny10027 Jun '22 - 07:58 - 7404 of 7407
Well sikh if you're not able to produce any proof that asking prices dropped 40% you'll have to forgive me if I choose not to believe you. Was possibly 15 to 20% max where I live.

[spawny100] 27/6/2022 11:53

Yes I can Sikh. 15% according to ONS data. Now, let's see evidence for your alleged 40%.....

[beckers2008] 27/6/2022 11:49

Sikhthetech,

You were asked the question first, provide the evidence.

You purport to carry out research, however you fail to understand the difference between the BOE base rate and the bank to bank lending rate.
You have Zero credibility and you are an idiot, lol, just lol!

[sikhthetech] 27/6/2022 11:35

spawny,

Can you provide evidence that prices fell 15-20% during the previous housing price crash?

How does that compare to the experts who, in 2006-07, were predicting no crash, only a slowdown???

[spawny100] 27/6/2022 07:58

Well sikh if you're not able to produce any proof that asking prices dropped 40% you'll have to forgive me if I choose not to believe you. Was possibly 15 to 20% max where I live.

[disneydonald] 27/6/2022 07:51

Just in time for closing of first half books. Assuming an increased dividend announcement of 0.05p, the buyback has saved around £5.8m each half year going forward. Which is compounded as dividends increase. Plus a slight strengthening of balance sheet for all metrics impacted by shares in issue, eps etc.

Remains to be seen what effect buyback ending has on sp, as false market in Wimps shares now ended.

[buywell3] 27/6/2022 07:36

Buybacks ended

Leaving 3,531,985,103 shares in issue

Plus loads more in Treasury following the buybacks

[beckers2008] 26/6/2022 23:56

Sikhthetech,

Your letting yourself down fella. You have been banging on about a HB crash for over two years, in this regard you are a proven idiot, and also...

You don't even know the difference between the BOE base rate and the bank to bank lending rate!! You are a proven fool!

You have Zero credibility and you are an idiot, lol, just lol

[sikhthetech] 26/6/2022 23:27

Consistent opinion:


sikhthetech20 Feb '22 - 15:26 - 5884 of 6935 Edit
<...>
When house prices crash, the asking price sees the biggest falls, as buyers ask for bigger discounts.

<...>

[fenners66] 26/6/2022 23:23

Troll preaches the other day that asking prices are not relevant as only selling prices matter.
Now claims the 40% it referred to was..... asking prices.

Please do not engage , its only here for an argument.

"That's not an argument , its contradiction"
" No it isn't."

[sikhthetech] 26/6/2022 23:04

spawny,

No not making it up, my prediction was for 40%, peak to trough, whereas 'the experts' were saying no crash or a slowdown as lack of supply. Crash happened, didn't it???
Supply increased, demand decreased.

Sheep 'experts' followed and same is happening again now.. The sheep are wise in hindsight... ;-)

Obviously, house prices don't crash at same rate in every town, region or street. Many so called 'Jugears' type experts were caught out..

Asking prices fall the largest, peak to trough, and some were >40%

;-)

[spawny100] 26/6/2022 22:44

40%? You're making that up Sikh. Nowhere near 40% in the last "crash".

[beckers2008] 26/6/2022 22:35

Jugears,

Case in point, because of significant demand, market forces are driving rents ever higher.
Forcing people to buy as their mortgages are cheaper than their prospective rent pcm.

Added pressure is our Ukrainian friends now being processed and their accommodation paid for by their respective local authorities up and down the country.
Just checked on Rightmove and a 3 bed terrace house in Basingstoke near the lovely Taylor Wimpey development in Spencers Wood is renting for no less than £1,300.0 pcm, two years ago, you could rent one for £995.00 pcm.

Housing crash, yeah right!

[jugears] 26/6/2022 21:25

Which area & dates were this forty percent,not in my life time or area! Where I live prices dropped by 15-20% but have since.gone up by 100%, I bought several properties for rental 2008/9/10 all have since doubled, People tend to forget both with houses & shares that prices go up & down, but 99.9% of the time long term thet only go up, you dont loose on either in a falling market unless you sell !

[sikhthetech] 26/6/2022 20:16

Jugears

Around 2006, just before the last housing market crash, similar comments as to why there won't be a crash were given... lack of supply, growing demand, low interest rates, btl etc

I, on the other hand, looked outside the box and predicted the house prices will crash around 40%, peak to trough. And they did.

You're still narrow minded and haven't a clue as to the indicators of a housing market crash..

Based on my experience of stockmarkets and my research etc, I made 10,000% on qxl within a 4 yr period, whereas many were commenting that they would go bust. My opinion was based on the huge expected influx of East Europeans after several East European countries joined EU. After Brexit, there is no such movement significant movement of people from EU. Therefore during previous housing market crash there was still a huge demand from EU. Post brexit that huge EU influx no longer exists.

[jugears] 26/6/2022 19:58

Sikh the number of houses coming to the market did not dry up before the financial crisis, the country were building house on spec every where, I wouldn't say hb's rose on Froday, not compared to the rest of the market! It does appear that interest rates may not be going up as quick & as high as expected & quite a lot if brokers are now say hb's oversold, as we all know anyway, the comments you make will affect the lower/ lowest paid these are very rarely home owners they are renters, I really do think you have very little understanding about wages in the uk especially at levels above lower paid! I'm not really sure what your are expecting from the housing market?

[beckers2008] 26/6/2022 19:16

More pressure on demand,

Record number of landlords raising their rents
Fevered demand from tenants and more investors leaving the market is giving landlords room to charge more

By
Rachel Mortimer- Telegraph
26 June 2022 • 7:00am