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Calling the top

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Not sure if anyone on the forum had all this in one place.

Apr 4 - Berkeley Tony Pidgley cashes in £31m shares
http://www.thisismoney.co.uk/money/news/article-4380728/Berkeley-boss-Tony-Pidgley-cashes-31m-shares.html

Apr 21 - Crest Nicholson chief Stephen Stone cashes in, £2.2m from shares
https://www.ft.com/content/805cd456-25ee-11e7-a34a-538b4cb30025

Sep 8 - Berkeley bosses make £40m from shares
https://www.thetimes.co.uk/article/defiant-berkeley-bosses-make-40m-from-shares-kw207thjn

Sep 12 - Redrow chairman Steve Morgan offloads £153m stake
http://www.belfasttelegraph.co.uk/incoming/housebuilders-suffer-share-falls-after-redrow-chairman-offloads-153m-stake-36124488.html

Sep 25 - Barratt boss David Thomas makes £3.6m selling shares
http://www.thisismoney.co.uk/money/markets/article-4918764/Barratt-boss-makes-3-6m-selling-616-000-shares.html

Oct 2 - Taylor Wimpey directors sell nearly £3.2m shares 
http://www.constructionenquirer.com/2017/10/02/taylor-wimpey-directors-sell-nearly-3-2m-shares/

Oct 20 - Barratt David Thomas and Steve Boyes sold £1.6m shares
https://markets.ft.com/data/equities/tearsheet/directors?s=BDEV:LSE&mhq5j=e7

Oct 27 - Berkeley Group's bosses just sold £50m of shares
http://www.cityam.com/274692/berkeley-groups-bosses-just-sold-gbp50m-shares

Just a coincidence, and some smart people making money? Or...

rats2.JPG

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5 hours ago, Maximus Skepticus said:

No....THIS signals the top....D.E.S.P.A.R.A.T.E beyond belief.....

It must be all over...

http://www.telegraph.co.uk/personal-banking/mortgages/rising-house-prices-inheritance-tax-fuelling-middle-class-equity/

 

it is...

I particularly like this one in the comments section; 

“Printing money from a ponzi scheme built on money printing.

These parasitical equity release companies we’ll start to give out less and less for higher compounded interest rates, as the property market heads into the downturn.

They are no longer allowed to take the person into negative equity, but I see storm clouds on the horizon in a repeat of the 90’s.

Why a person would not just downsize instead of rattling around in large house would be a far more sensible, but that’s boomers for you.

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Not just boomers but old people in general, it's always been like that. It starts with them owning a house and it ends up with the house owning them.

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boomers only know free money at the expense of their children. its their reality and its reinforced whichever direction they turn, it takes a supremely self aware boomer to see anything through the eyes of their children as it fractures their entire reality

 

much the same if you try and suggest to a fan of scientism that the sixties moon landings might be just a teeny bit suspect - full on triggered right there

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If you think the response to the moon landings is bad try telling some members of this forum that their attempts to time the housing market have left them out of pocket and the 70% fall they need to 'break even' isn't going to happen! 

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4 hours ago, sideysid said:

I particularly like this one in the comments section; 

“Printing money from a ponzi scheme built on money printing.

These parasitical equity release companies we’ll start to give out less and less for higher compounded interest rates, as the property market heads into the downturn.

They are no longer allowed to take the person into negative equity, but I see storm clouds on the horizon in a repeat of the 90’s.

Why a person would not just downsize instead of rattling around in large house would be a far more sensible, but that’s boomers for you.

In my mother's case, my father died and my sister and I moved out, although my sister is back in now and one of my mates rents a room. She's lived in the house for 30 years and I can't see her moving out. There's a lot of inertia there.

I don't see anything wrong with multiple generation living in the same property as it gets passed down; it's how it used to work, but I guess that was too stable and pleasant for Communists to allow.

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7 minutes ago, Locke said:

In my mother's case, my father died and my sister and I moved out, although my sister is back in now and one of my mates rents a room. She's lived in the house for 30 years and I can't see her moving out. There's a lot of inertia there.

I don't see anything wrong with multiple generation living in the same property as it gets passed down; it's how it used to work, but I guess that was too stable and pleasant for Communists to allow.

It's a problem created by capitalism, and you're blaming communism?

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47 minutes ago, Locke said:

In my mother's case, my father died and my sister and I moved out, although my sister is back in now and one of my mates rents a room. She's lived in the house for 30 years and I can't see her moving out. There's a lot of inertia there.

I don't see anything wrong with multiple generation living in the same property as it gets passed down; it's how it used to work, but I guess that was too stable and pleasant for Communists to allow.

I suspect your argument against Communism is more complex than you have outlined here but most of the UK's problems are related to a hideously cosseted version of Capitalism.

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I think Tony Pidgley's dumping of stock in Berkeley is an interesting one. He's sold 2.5m shares in the last 6 months, raising over £85m in the process. Berkeley had a gross profit margin of over 30% last year, which is ridiculous. To me it's a sign that he knows things are unlikely to get any better.

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1 hour ago, dougless said:

I suspect your argument against Communism is more complex than you have outlined here but most of the UK's problems are related to a hideously cosseted version of Capitalism.

Capitalism is where the individual owns themselves and their property.

Communism is where the State claims to own all property, including the citizens' bodies.

 

In this country

  • You may not sell your own organs
  • You must pay rent to the State for any land/buildings you "own". This shows that the State owns that property, even if you think you do.
  • Every transaction, by law, must be recorded and tax paid on it
  • You may not provide or buy many services such as healthcare without special permission from the State. This means you do not own your own body.
  • Behaviour is enforced by the State. You can be locked in a rape cage for behaviour which is not immoral, or even moral, if it contravenes the arbitrary dictats of the State
  • You must declare, under threat of death, your income and relinquish an arbitrary portion of it to the State.

We live in a Communist system. Perhaps less overt than the USSR, but Communist nonetheless.

Strong family structures reduce dependence on the Ersatz-family which the State represents. Therefore, it had to be destroyed. All of the misery-generating booms and busts and destruction of productive industry in favour of financialisation of the past 100+ years have been 100% down to State intervention to this end.

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Not every director/board member is so lucky.

I used to work for a guy with a significant property portfolio who was very close to the directors of a local property developers - they built high rise executive flats  on the leith shore.

In the run up to the last crash they were struggling to shift their penthouses as the market began to atrophy so the three senior directors in the company had to buy one each to keep up the pretense that the market was booming...cue articles about their confidence in the market, how the penthouses were such great buys they couldnt possibly say no to such an amazing property, wineing and dining off plan investors in their penthouses...then the **** fell out of the market leaving them in negative equity and their business on the ropes....

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12 hours ago, thewig said:

boomers only know free money at the expense of their children. its their reality and its reinforced whichever direction they turn, it takes a supremely self aware boomer to see anything through the eyes of their children as it fractures their entire reality

And they have branded millennials as entitled and snowflakes. When they effectively lived through a golden era, dropped 2 massive time bombs: national debt and climate change.

No offense to the boomers lurking here, some of you are a bit more aware than others.

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20 hours ago, Freki said:

And they have branded millennials as entitled and snowflakes. When they effectively lived through a golden era, dropped 2 massive time bombs: national debt and climate change.

No offense to the boomers lurking here, some of you are a bit more aware than others.

Thanks.  Most parents think the next generation is a bit crap......maybe.....certainly in my case (about me that is).

Golden era?  You have the lovely iPhone.  We had a red telephone box down road.  Just joking.  I blame those Victorians for climate change and Napoleon for the debt.

Really though c'mon, it takes all sorts.  I see youth walking in my footsteps as I see myself in my father's.  There's a lot more that bonds us.

Thanks to the politicians and their friends everyone's getting their pockets picked while fighting each other.  They are the masters of distraction.

Hopefully at least your generation will have some time left to re-build.

The older I get, the less I know, but the better I want to be.

 

Edited by Fence

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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