TheCountOfNowhere Posted May 16, 2014 Share Posted May 16, 2014 After being trumpted a day or so ago as driving the FTSE to a 14 year high we see big drops today of 4/5 % at present for some of the big boys. What's occurring ? has someone noticed their prices are too high and no one's going to buy them now that MMR has hit ? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted May 16, 2014 Share Posted May 16, 2014 It's been proved that you can't actually fit a human being inside any of the stuff they're building. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 16, 2014 Author Share Posted May 16, 2014 It's been proved that you can't actually fit a human being inside any of the stuff they're building. I'm amazed anyone is buying from them. Would you pay Mercedes prices for a Kia ? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 16, 2014 Author Share Posted May 16, 2014 (edited) Just come across these gems: http://citywire.co.uk/money/house-builders-have-further-to-go-says-mercantile/a743919 "House builders are not yet near the top of their cycle, says Guy Anderson, co-manager of the Mercantile investment trust." http://www.ft.com/cms/s/0/a90c3a3c-da73-11e3-a448-00144feabdc0.html#axzz31sVx1EtE " Housebuilders hit top of London’s indices" And my favourite from Feb: http://www.ibtimes.co.uk/share-prices-uks-biggest-house-builders-soar-amid-housing-recovery-1437277 Share Prices of UK's Biggest House Builders Soar Amid Housing RecoverySo now they are falling what does that mean for the housing recovery ? Caveat Emptor. Edited May 16, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted May 16, 2014 Share Posted May 16, 2014 Perhaps they have realized lending on tiny new build ghetto houses is not such a secure investment- hence the need for government intervention. IMO banks would be much better off if the government planning allowed for spacious new builds, as they will hold their value better than the tiny cramped Barrets slave boxes which sit on tiny plots. After all it's the land that holds it's valud not the bricks n windows. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 16, 2014 Author Share Posted May 16, 2014 (edited) Perhaps they have realized lending on tiny new build ghetto houses is not such a secure investment- hence the need for government intervention. IMO banks would be much better off if the government planning allowed for spacious new builds, as they will hold their value better than the tiny cramped Barrets slave boxes which sit on tiny plots. After all it's the land that holds it's valud not the bricks n windows. It shoudl be noted that if you'd invested in new build builders shares in 2009 instead of buying a house you'd have trippled your money. Buying REALY IS..... DEAD money. Edited May 16, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 16, 2014 Share Posted May 16, 2014 Nice sell off on Wall St yesterday looks like being replicated today. Quote Link to comment Share on other sites More sharing options...
sf-02 Posted May 16, 2014 Share Posted May 16, 2014 About time the big house builders cut back on building and land bank a bit more then to push up prices. After all, the building levels are only 5% above 100 year lows. Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted May 16, 2014 Share Posted May 16, 2014 It's been proved that you can't actually fit a human being inside any of the stuff they're building. Quote Link to comment Share on other sites More sharing options...
DabHand Posted May 16, 2014 Share Posted May 16, 2014 House builder shares are a predictor of future hpi trends. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted May 16, 2014 Share Posted May 16, 2014 After being trumpted a day or so ago as driving the FTSE to a 14 year high we see big drops today of 4/5 % at present for some of the big boys. What's occurring ? has someone noticed their prices are too high and no one's going to buy them now that MMR has hit ? ...compliant mortgage approvals , which means less ...and if you take the flame away from the bottom of the fire ...it will eventually burn out...maybe investors are reading signs.... Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted May 16, 2014 Share Posted May 16, 2014 It's been proved that you can't actually fit a human being inside any of the stuff they're building. Wrong! This is a typical 3-bed new-build slavebox. Quote Link to comment Share on other sites More sharing options...
vin rouge Posted May 18, 2014 Share Posted May 18, 2014 I don't know why they are called housebuilders as most of their profit is derived from land value rather than construction, and continuing the shortage by not building only increases it's value. Builders should build houses not speculate on land. Quote Link to comment Share on other sites More sharing options...
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