Monday, March 10, 2008

Public demand ‘decisive’ house price cuts to stimulate demand

Bovis demands 'decisive' interest rate cuts as house sales slide

"Unless decisive action is taken now to reduce interest rates and more normal conditions return to the mortgage market, it is likely that volumes [in 2008] will be well below those achieved in 2007." ......try to sort out your business model/ PRICING and stop expecting someone else to get you out of your own mess. The banks and lenders won't drop rates even is the BoE do. OPEN YOUR EYES.

Posted by bystander @ 08:36 AM (1020 views)
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10 thoughts on “Public demand ‘decisive’ house price cuts to stimulate demand

  • mark wadsworth says:

    LOL.

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  • Bovis demands ‘decisive’ interest rate cuts as house sales slide

    WHAT ABOUT CUTTING THE PRICE OF THE HOUSES THEY HAVE BUILT?????

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  • Landedgentry says:

    Why does the Bank of England have to accomodate this cartel?

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  • I think this is a case of housebuilders trying to hold the government to ransom, in the same way as the finance industry tends to.

    Hardly a worrying threat though is it:
    “We’re warning you – you better do something quick or we’ll not make as much money!”

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  • yorkshireman says:

    Tinkering with intetrest rates will make no difference. Bovis you have had it too easy for too long, with a business model propped up imaginary money. In order to suceed in business you need to compete. There are two very easy ways to do this.
    1. Lower prices to attract more buyers, then volumes go up
    2. Improve the quality to attract more buyers, then volumes go up.

    If neither of these are effective, you make less profit or go out of business. Why should the taxpayer bail you out ?, because that is the question you are posing.

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  • I think the government should respond by imposing strict deadlines for them to develop their land banks.

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  • Hmm, I think I’m beginning to see a good idea here. What the Bank needs to do is inject a massive dose of liquidity into my bank account, at zero percent interest, so that I can make my contribution to maintaining a healthy and vibrant economy. These sums can then be written off, safe in the knowledge that I have helped support the sound fundamentals of this Brownonomic economy. Please write letters of support to your MPs now.

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  • Look,

    Prime Minister (Crash Gordon) Brown , Unelect. Here’s a secret.

    WHY DON’T YOU JUST TAKE THE WHOLE LOT LOCK STOCK AND BARREL INTO PUBLIC OWNERSHIP?

    They effectively nationalised house building in the 1930’s and 1940’s and look at the quality of most of the houses! (not flats/tower blocks), but then even flats can be good architecturally…

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  • Since when was a public company given the right to “demand” that the government use our taxes to try to bail out their sorry arses! Unless the government in question is in collusion with their whole scam. No, perish the thought, this could never happen. Not in this wonderful land of democracy, free trade and equal rights for all (as long a you own a home). No really, it simply could never happen.

    Oh look, there goes another pink elephant floating past my window. How nice!

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  • No no no no, lads you’re forgetting – sound economic fundamentals, undersupply of houses, immigration, new paradigm, blah blah blah. So volumes simply can’t crash…. ermm…….

    Interest rate cuts – good luck. And even if they do get them, just look at the USA for a shining example of a housing market rescued by aggressive rate cutting…… er…….

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