Taylor Wimpey Share Discussion Threads

[danvandan] 14/7/2024 13:57

beckers, from the standard of your writing (barely semi-literate) it seems obvious that YOU ARE WORKING CLASS, you berk. Middle class families educate their children. You clearly missed out on a half-way decent education. Do YOU have a house?

Working class people are the ordinary people of this country, state educated, and working for a living without the benefit of substantial inherited wealth.

And as for reading any of your previous posts, please explain who exactly would be interested in seeking out your boring gibberish?

[sikhthetech] 14/7/2024 13:07

Soldier

"Since 2008, underwriting criteria have continuously changed. Lenders have become more and more reluctant to fall into a negative equity situation."

Exactly. Trying to protect the lenders but without considering the problems homeowners and potential homebuyers face.
More and more are getting into severe mortgage debt. Those hundreds of thousands on 2-5fixed rate mortgages taken out when rates were low, now face double mortgage interest. That's on top of credit cards, loans, tax rises etc.

Homeowners with severe mortgage debt debt are increasing as are repossessions.

[beckers2008] 14/7/2024 07:48

K or should I say Cretin,

The working class have never been able to purchase a property, except Maggie's great give away, please read my post history and learn.

You really should try and not get so emotional (Gfy), lol!

You stated...
""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW"" END.

Oh dear, it seems you are in the troll losers club along with the other village idiots, including Sikhthetech whose been wrong for 6 years, lol, just lol!

[kreature] 14/7/2024 02:42

The issue is affordability and scamming, not your nerd lessons. Gfy, ATB

[beckers2008] 13/7/2024 22:39

K or should I call you Cretin,

The average house price in the UK as stated by the ONS was £283k in May 2022.
Not £295k as you have stated!
You haven't made another mistake, haven’t you, lol!

Seems you are misleading, yet again, lol!

Tell me, when is the house price crash going to happen 40% peak to trough?

Tell me... Will the BOE Base Rate hit 6%?

[kreature] 13/7/2024 21:41

You forgot to factor in inflation becks, which inflates 295k to 325k over the 2 yr period, May 2022 to May 2024.

[beckers2008] 13/7/2024 19:32

Its 15% numpty.
If buts and maybes, but your figures are wrong.
The latest average house price is the highest ever, do keep up!

How's your short from the 10th November going, lol, just lol!

[kreature] 13/7/2024 17:58

Well if you sunk 295k (average house price at the time) into a house in May 2022 then sold it in May 2024 for 265k (average house price at time), then you lost £60,000 in real terms, which is nearly 20% so gfy. ATB

[kreature] 13/7/2024 16:08

Peak to trough is already minus 20% adjusted for inflation.
40th anniversary of Orwell 1984 anyway, so no doubt they got something planned

[beckers2008] 13/7/2024 13:49

K,

So you agree with me, TW. results will not be amazing.
You getting as bad as sT, banding stupid figures around.

Tell me... Will the BOE Base Rate hit 6%?
Absolutely no chance!

Over 30% of house purchasers are Cash. Do you think house prices are going to crash 40% peak to trough as the village idiot Sikhthetech believes?
Lol, just lol!

[kreature] 13/7/2024 12:26

Becky, prob irrelevant when average mortgage cost remains around 5%……R30;.and when food prices are officially up 31% in the last 3 years. Or more like 100% up at co-op imv……. Net result appears to be affordability issues. Silly house builders are offering ‘price reducer’ mortgages which of course are only temporarily low rates and will prob end in home owner being fked from all financial angles down the line

[kreature] 13/7/2024 08:46

Half Year results 31st July. Should be amazing

[soilderboy] 13/7/2024 08:39

You are probably close to the truth here. Since 2008, underwriting criteria have continuously changed. Lenders have become more and more reluctant to fall into a negative equity situation. This is why, no matter how many houses we build, we will struggle to put low income first-time buyers on the map. It's a no-win situation in a way. Looks like the £1.80 days may be coming back!

[beckers2008] 13/7/2024 08:09

Sikhthetech,

I told you the UK housing market has changed, evidently the market views my opinion, correctly.

You being the village idiot chose to ignore my buy recommendation at 86p!

At least 30% pay cash for their properties in the UK and those remaining have less than a 95% LTV ratio.
As your always banging on about an affordability crisis, lol!
Please provide a breakdown of the figures because you seem to imply that you know every individual's debt value, lol!

Now, when is your each and every year's (for the last 6 years) house price crash gonna happen?
Lol, just lol!

[sikhthetech] 12/7/2024 18:52

Look at the timing. All HBs rising around time US market opens.

Best to trade hyped sectors.



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.

[kreature] 12/7/2024 18:47

Beautiful 157p shortly before the glorious results.

[beckers2008] 12/7/2024 18:07

DvD,

"my last increase was 149p" lol, yeah course it was!

SP breaking through resistance at £1.55 on strong volume today.
Support at £1.50 and strong support at £1.40.
Now, did I get that right DvD, lol!

How's DvD's pitiful short at £1.3335 doing, lol, just lol!

[danvandan] 12/7/2024 16:24

beckers has finally made a post worth discussing! Sandwell council's continued opposition to a new housing estate by Wain Homes (the Peak House Farm development) is in the news and will be an excellent test of Labour's commitment to new housing. The council have rejected an earlier development with a particularly thin argument, and the local Labour MP is speaking up for her nimbys, which is expected.

An interesting point to note - there are hundreds of smaller house-builders who, if successful in these new applications, will bring further competition to the big listed house-builders and erode pricing for the sector. TW will not be delighted - don't forget, it's not a lack of planning consent that's holding back TW production; it's the affordability issue and maintaining profits. More building means the big builders' stranglehold on supply could be thoroughly broken.

The TW shareprice continues to rise on 'irrational exuberance'. I'd been kicking myself for missing out on increasing my short around 153p (my last increase was 149p) but now I'm wondering if the price actually might keep going even further, so am keeping plenty of dry powder. I might make this a larger short if we get high enough. Longs, enjoy it while you can. GLA.

[danvandan] 12/7/2024 16:12

Market sentiment is certainly behind the house-builders right now, bouyed by Labour's loudly trumpeted plans to increase house-building (but not by very much). Intriguingly, Crest seems to be seeing off the shorters - several have exited over the last few days, and whilst there's still a substantial short on the shares (about 2% reported), others have given up for now. At Barratt, the shorters are showing stronger resolve and a very small reduction still leaves the reported shorts at 4.16%, one of the highest on the LSE. Despite Barratt's dire reported results, the share price continues to defy gravity.

We await developments.

[craftyale] 12/7/2024 14:34

A good ending to a nice few weeks. Loving it.

[cupra kid] 12/7/2024 13:41

2 year high