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Persimmon Homes

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Guest AuntJess

Persimmon Homes, that well-known construction company, announce that house prices are stabilising and that prices will not be going up by much now. ;)

You can say that again! :lol:

Methinks they can't move their 'merchandise' and are trying to reel the punters in to buy.

( wanders off singing " Happy days are here again.....!" :D )

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Persimmon Homes, that well-known construction company, announce that house prices are stabilising and that prices will not be going up by much now. ;)

You can say that again! :lol:

Methinks they can't move their 'merchandise' and are trying to reel the punters in to buy.

( wanders off singing " Happy days are here again.....!" :D )

I wander whether we will see if the same happens to the new builds over here that happened in Florida where a new property was worth $300K one day and then $150K the next day. The developers don't care but the neigbors who bought at $300K a few months earlier did.

Enjoy :lol::lol::lol::lol::lol:

Video link for those that missed it shown a few weeks ago

http://www.winknews.com/news/local/7896352...deo=YHI&t=a

News article

http://www.winknews.com/news/local/7896352.html

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I wander whether we will see if the same happens to the new builds over here that happened in Florida where a new property was worth $300K one day and then $150K the next day. The developers don't care but the neigbors who bought at $300K a few months earlier did.

Enjoy :lol::lol::lol::lol::lol:

Video link for those that missed it shown a few weeks ago

http://www.winknews.com/news/local/7896352...deo=YHI&t=a

News article

http://www.winknews.com/news/local/7896352.html

But what can those who paid a stupid price do about it? Sweet Fanny Adam.

They are saddled with a $300,000 mortgage on a property worth only $145,000.

Caveat Emptor.

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But what can those who paid a stupid price do about it? Sweet Fanny Adam.

They are saddled with a $300,000 mortgage on a property worth only $145,000.

Caveat Emptor.

Leverage=risk. A lot of peopel have forgotten this.

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( wanders off singing " Happy days are here again.....!" :D )

Perhaps the stock market's realised the stuff Persimmon chuck up these days is tat.

Actually this is significant since there's no way on planet earth that joe punter is going to sell his house when persimmon are selling off identical ones 10% lower than his.

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nearly 20% down in 6 months... lets hope that such a fall is reflected in houses themselves (although I very much doubt it!)

Don't bet against it.

My advice: Wait until June 2009. Go to your local barratts (it is their financial year end). Offer 50% of the 2007 value and you've a very good chance of bagging it as they'll just want to cut the stock (like in Florida).

I'm not sure I want to live in New Build, but at that price I'd have to consider it.

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Persimmon Homes, that well-known construction company, announce that house prices are stabilising and that prices will not be going up by much now. ;)

You can say that again! :lol:

Methinks they can't move their 'merchandise' and are trying to reel the punters in to buy.

( wanders off singing " Happy days are here again.....!" :D )

.....yeah.....and the OFT review will not be helping.......!

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