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shindigger

Endless Interviews With Mds Of Building Firms

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On and on and on it goes.

Not one TV journo mentions cutting prices to them.

Not one journo mentions the banks are skint and crapping themselves.

Not one journo mentions LIAR LOANS in their reportage.

ALL tv journos continually mention demand is there but buyers cant get funds.

BUYERS DONT WANT THEIR ******ING MONEY ANYMORE. THE PENNY HAS DROPPED.

Theyre just not bloody doing their jobs these people.

Matchbox costs £250,000. Bad for FTBs.

Matchbox costs £100,000. Still too much, but better for FTBs.

Why do they have a problem with this?

Theres a clear agenda here. Any fool could spot the VI effluent dripping through their tv screen.

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Yes, no one says to the builders: "banks are still lending, but they're not going to give a guy who works at the supermarket £250k to buy your overpriced tat because they have realised that is a pretty sure fire way to lose a lot of money."

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Yes, no one says to the builders: "banks are still lending, but they're not going to give a guy who works at the supermarket £250k to buy your overpriced tat because they have realised that is a pretty sure fire way to lose a lot of money."

aw. !!

we will have to rent council houses instead.

aw !!!

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What they actually want is for the banks to start sub prime lending again, but if they were to mention the "s word", they'd be finished.

Sub-prime isn't necesarily bad, provided it is done carefully. If you had never had a credit card or any other credit and bought a house you would probably need to start with a sub-prime deal because you would have no credit history. The problem is when you lend to sub-prime customers on 6x income and self-cert etc....

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They still havent asked 1 key question

WHERE IS THE PROFITS YOU HAVE MADE OVER THE LAST DECADE??

So now going to stop building houses in the hope of squeezing the market by killing supply

Just as bad as freaking OPEC then...

Government should just let the planning process slip so people can build their own houses and stop this bully tactics

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I did hear one attempt on radio four this morning;

After a two minute VI rant about how the goverment should intervene to prop up the market, the interviwer says," Why don't you just drop your prices?"

"Well, it's not the developers who set the prices, we just follow the market."

"But you just said you wanted the government to intervene in the market."

Silence, quickly filled with more VI waffle.

These guys are such sitting ducks, I don't belive the interviewers are incapable- I think they've been told to back off when it comes to the whole HPC issue, lest they be accused of talking the market down.

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Sub-prime isn't necesarily bad, provided it is done carefully. If you had never had a credit card or any other credit and bought a house you would probably need to start with a sub-prime deal because you would have no credit history. The problem is when you lend to sub-prime customers on 6x income and self-cert etc....

Once upon a time you had to save with a lender for a couple of years before they would consider you for a mortgage. You built your own credit history with the lendery by bunging a regular amount in every month - so they could see you could budget and save. They checked how much you earned - thoroughly - and lent you what they thought you could prudently afford to repay.

Ahh, happy days.

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On and on and on it goes.

Not one TV journo mentions cutting prices to them.

Not one journo mentions the banks are skint and crapping themselves.

Not one journo mentions LIAR LOANS in their reportage.

ALL tv journos continually mention demand is there but buyers cant get funds.

BUYERS DONT WANT THEIR ******ING MONEY ANYMORE. THE PENNY HAS DROPPED.

Theyre just not bloody doing their jobs these people.

Matchbox costs £250,000. Bad for FTBs.

Matchbox costs £100,000. Still too much, but better for FTBs.

Why do they have a problem with this?

Theres a clear agenda here. Any fool could spot the VI effluent dripping through their tv screen.

Romania 1990. Ceacescu was taken round the back and shot for spending years ruining the country at the expense of the masses. These Md's should be reminded of this and that if they keep pi55ing off the people with their propaganda and lies their turn will come.

Edited by campervanman

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They still havent asked 1 key question

WHERE IS THE PROFITS YOU HAVE MADE OVER THE LAST DECADE??

So now going to stop building houses in the hope of squeezing the market by killing supply

Just as bad as freaking OPEC then...

That is the question I want asked too.

As for the builders they cant just stop building can they ? What will their business be if that happens ? They may as well just give up now if that is their plan.

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Sub-prime isn't necesarily bad, provided it is done carefully. If you had never had a credit card or any other credit and bought a house you would probably need to start with a sub-prime deal because you would have no credit history. The problem is when you lend to sub-prime customers on 6x income and self-cert etc....

Well, that sums it up for me. FTBs who use credit usually cannot save money. Captain Manwairing would not lend money to someone who borrowed regularly to purchase consumer tat, would he?

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They still havent asked 1 key question

WHERE IS THE PROFITS YOU HAVE MADE OVER THE LAST DECADE??

[...]

I suspect that the bosses and shareholders have already made off with the profits. FWIW, I don't think that's necessarily unfair - IMHO it's the ones who bought in to the "permanent boom" myth that should be the ones feeling ashamed.

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John Slaughter. Head of house builders association.

That name again. John Slaughter.

"Demand is out there". It just doesnt stop.

Just been on Sky spouting more utter utter shyte.,

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Matchbox costs £250,000. Bad for FTBs.

Matchbox costs £100,000. Still too much, but better for FTBs.

Why do they have a problem with this?

When the price of property is at a level were lenders know they will get thier money back there will be money to be borrowed.

WE ARE NOWHERE NEAR THAT LEVEL YET.

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  • 395 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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