tallim Posted February 28, 2012 Report Share Posted February 28, 2012 Now the builder have so much cash, they're giving it back (to investors). http://uk.finance.yahoo.com/news/persimmon-return-1-9bn-investors-104303792.html ... A bit worrying for those pushing for an increase in housing supply, who is going to build these extra houses if a cash rich company that controls more than 60,000 building plots has so little appetite to build volume, or foresees such a poor rate of return that they give cash back to shareholders? Link to comment Share on other sites More sharing options...
borassic Posted February 29, 2012 Report Share Posted February 29, 2012 Haarts est agts in Chesham, biggish unit at least four staff has just closed. Chesham - 1 hr to London, tube line, popular for schools, typical busy town in Chilterns. Link to comment Share on other sites More sharing options...
John Doe Posted February 29, 2012 Report Share Posted February 29, 2012 It's the old spring ..... (can't bring myself to say it). January mortgage lending posts surprisingly strong rise http://uk.finance.yahoo.com/news/january-mortgage-lending-posts-surprisingly-093435925.html Link to comment Share on other sites More sharing options...
LauraB Posted February 29, 2012 Report Share Posted February 29, 2012 It's the old spring ..... (can't bring myself to say it). Flounce? Obsession? Link to comment Share on other sites More sharing options...
John Doe Posted February 29, 2012 Report Share Posted February 29, 2012 Flounce? Obsession? Trap? Link to comment Share on other sites More sharing options...
LauraB Posted February 29, 2012 Report Share Posted February 29, 2012 Trap? and not just monetarily. Dying for their house price to be restored. Can there be a more hollow acheivement for a divine soul? The dye is cast. If it matters to them that much, then they are lost. Link to comment Share on other sites More sharing options...
stunlee Posted February 29, 2012 Report Share Posted February 29, 2012 It is easier for a camel to pass through the eye of a needle than it is for someone with a house worth less than a quarter of a million pounds to enter heaven. Link to comment Share on other sites More sharing options...
LauraB Posted February 29, 2012 Report Share Posted February 29, 2012 "Listen Fergus. We don't care how many hundred 2 bed houses you once 'owned'. It's quality that's important up here and you are obviously not even Chelsington material! Morning Sir Tony. What is it today sir? Scaling Everest again? ............ Oh right you are sir. Paradise beach with your own favourite speeches. Perfection!" Link to comment Share on other sites More sharing options...
stunlee Posted March 1, 2012 Report Share Posted March 1, 2012 Entering heaven has got slightly easier today, with the latest Nationwide HPI figures released today, prices 0.9 percent higher than last year and up 0.6 on the month. All ready for the Spring Flounce? http://www.nationwide.co.uk/hpi/review.htm Link to comment Share on other sites More sharing options...
drbubb Posted March 1, 2012 Report Share Posted March 1, 2012 THREE WAY INTERVIEW I have just done a three way interview with the "celebrity Financial Adviser" Jonathan Davis and Dominic Frisby. I believe it should be available later today on: http://FrisbysBullsAndBears.com Link to comment Share on other sites More sharing options...
stunlee Posted March 1, 2012 Report Share Posted March 1, 2012 Is that Financial Planner/ Killer Bunny from HPC or the Jonathan Davis who was on Bulls and Bears a few weeks ago? There have been some very good interviews on B and B recently. Link to comment Share on other sites More sharing options...
drbubb Posted March 1, 2012 Report Share Posted March 1, 2012 Is that Financial Planner/ Killer Bunny from HPC or the Jonathan Davis who was on Bulls and Bears a few weeks ago? There have been some very good interviews on B and B recently. Is there more than one? Perhaps there is. I always thought this one was THE Jonathan Davis: Link to comment Share on other sites More sharing options...
stunlee Posted March 1, 2012 Report Share Posted March 1, 2012 There was a different Jonathan Davis on the 25th Jan 2012 episode of F B and B. Just downloading the podcast now. Link to comment Share on other sites More sharing options...
drbubb Posted March 2, 2012 Report Share Posted March 2, 2012 There was a different Jonathan Davis on the 25th Jan 2012 episode of F B and B. Just downloading the podcast now. I did notice that after you asked. This JD will be best know to those who came from HPC, as he has been outspoken on his bearish-on-housing view for a long time. He's been mostly right on the UK as a whole, but nit so right on London where prices are hanging up at record highs. We considered why that is the case in the discussion Link to comment Share on other sites More sharing options...
drbubb Posted March 2, 2012 Report Share Posted March 2, 2012 ...I do have to agree that this looks like a major breakout for Barratt It is impossible to know where it will stop, because it has moved into a fresh range, and BDEV will need to form its own top ... in its own time. X : 069.20p : 01.Dec.2010 A : 120.60p : 13 May.2011 B : 064.91p : 19.Aug.2011 ? : 146.90p : 23 Feb.2012 (so far) X-to-A : 51.40p B-to-? : 82.--p (159.5%) Target : 83.--p (161.8%) : 148p ?? A few days later, we look back and see: 52 Week Range: 64.912 to 150.00 Best closing high? 149.20- 2.28 Now at: 146.20 Change: -1.00 Open: 147.40 High: 148.60 Low: 145.00 Volume: 6,990,423 Percent Change: -0.68% No Runaway so far Link to comment Share on other sites More sharing options...
BoldAsBrass Posted March 2, 2012 Report Share Posted March 2, 2012 I did notice that after you asked. This JD will be best know to those who came from HPC, as he has been outspoken on his bearish-on-housing view for a long time. He's been mostly right on the UK as a whole, but nit so right on London where prices are hanging up at record highs. We considered why that is the case in the discussion I'd say he has been consistently wrong on house prices since 2002/3 when hpc started up. Interesting to think a web site called housepriceCRASH must be about to celebrate its 10th anniversary. In much of the country - London, South East, Norfolk, Suffolk, Cambridge, the West Country, nice parts of the Midlands and nice parts anywhere - house prices have held up from the days in 2003 when the founders of HPC first started predicting a crash. Saying dogmatically that house prices will crash 50% imminently - and getting a house price correction of 50%, courtesy of general inflation, over 20 years - makes him wrong. Glad he's not my financial advisor. Link to comment Share on other sites More sharing options...
Manual labourer Posted March 2, 2012 Report Share Posted March 2, 2012 I posted on here a few weeks ago, a director from Redrow saying to me they where on fire and doing very well!! Do you think BDEV will fill the gap DB? Regards ML Link to comment Share on other sites More sharing options...
stunlee Posted March 2, 2012 Report Share Posted March 2, 2012 I'd say he has been consistently wrong on house prices since 2002/3 when hpc started up. Interesting to think a web site called housepriceCRASH must be about to celebrate its 10th anniversary. Indeed. Housepricetentofifteenyearsofslowrealtermsfalls.com isn't a particularly catchy website name though. Link to comment Share on other sites More sharing options...
halight Posted March 2, 2012 Report Share Posted March 2, 2012 Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers - and Halifax could be next It's a signal banks are starting to pass on the rise in cost of borrowing on wholesale money markets Comes as 7/10 Britons are in debt sparking fears they will struggle to make monthly payments Read more: http://www.dailymail.co.uk/news/article-2109335/Fears-thousands-homeowners-face-repossession-taxpayer-backed-NatWest-hikes-mortgage-prices-200-000-customers.html#ixzz1nyovccPg Link to comment Share on other sites More sharing options...
Van Posted March 3, 2012 Report Share Posted March 3, 2012 The Consumer Credit Counselling Service said: ‘Households are being hit by a double whammy. ‘High interest rates and the squeeze on household budgets across the board are combining to make it even harder for people to repay their debts, and many are at risk of falling even further behind.’ High? HIGH? ROFL! Link to comment Share on other sites More sharing options...
John Doe Posted March 3, 2012 Report Share Posted March 3, 2012 Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers - and Halifax could be next It's a signal banks are starting to pass on the rise in cost of borrowing on wholesale money markets Comes as 7/10 Britons are in debt sparking fears they will struggle to make monthly payments Read more: http://www.dailymail.co.uk/news/article-2109335/Fears-thousands-homeowners-face-repossession-taxpayer-backed-NatWest-hikes-mortgage-prices-200-000-customers.html#ixzz1nyovccPg A 3.5% SVR raised to 4%, works out about £28 a month for the average £100,000 (repayment) mortgage. Less than £1 a day. Not nice if you're struggling, but hardly a time bomb (and some are only expected to change by half of this, i.e 3.5 to 3.75). Wouldn't be surprised to see the chancellor give a similar amount back to households in the budget. High? HIGH? ROFL! Exactly, they'll need to double before real problems begin. Even those with the crazy mortgages put in the bad bank (NR and B&B ) are managing to pay back way better than expected, so much so that the "bad banks" together just announced a huge increase in profit to over a billion quid! Link to comment Share on other sites More sharing options...
Van Posted March 3, 2012 Report Share Posted March 3, 2012 I'd say he has been consistently wrong on house prices since 2002/3 when hpc started up. Interesting to think a web site called housepriceCRASH must be about to celebrate its 10th anniversary. In much of the country - London, South East, Norfolk, Suffolk, Cambridge, the West Country, nice parts of the Midlands and nice parts anywhere - house prices have held up from the days in 2003 when the founders of HPC first started predicting a crash. Saying dogmatically that house prices will crash 50% imminently - and getting a house price correction of 50%, courtesy of general inflation, over 20 years - makes him wrong. Glad he's not my financial advisor. My own view on this is there is a "flight to safety" in London; people are of the opinion that London will be more resiliant because of population density, so therefore they are less fearful of prices falling in the capital, and it becomes a self-fulfilling prophecy. Exactly what we are seeing in the bond market between different countries. People will lend to the US & UK at negative real rates, but demand 6% or 7% to the PIIGS, when all these countries are technically as insolvent as one another. Link to comment Share on other sites More sharing options...
fexx Posted March 3, 2012 Report Share Posted March 3, 2012 Is the mortgage timebomb about to go off? RBS and NatWest hike home loan rates for 200,000 customers - and Halifax could be next "The UK's biggest mortgage lender, the Halifax, is expected to raise its standard variable mortgage rate (SVR) from 1 May." http://www.bbc.co.uk/news/business-17234257 Link to comment Share on other sites More sharing options...
John Doe Posted March 3, 2012 Report Share Posted March 3, 2012 "The UK's biggest mortgage lender, the Halifax, is expected to raise its standard variable mortgage rate (SVR) from 1 May." http://www.bbc.co.uk/news/business-17234257 Seems its average mortgage (on SVR) is less than £70k, so adds up to less than £5 a week difference. In fact it just brings them into line alongside Nationwide etc. RBS also now saying their 0.25% rise in NOT on its SVR. Just the offset and one-account mortgages. Ah well. One day the rates will rise properly. But not today. Link to comment Share on other sites More sharing options...
geisaver Posted March 4, 2012 Report Share Posted March 4, 2012 My own view on this is there is a "flight to safety" in London; people are of the opinion that London will be more resiliant because of population density, so therefore they are less fearful of prices falling in the capital, and it becomes a self-fulfilling prophecy. Exactly what we are seeing in the bond market between different countries. People will lend to the US & UK at negative real rates, but demand 6% or 7% to the PIIGS, when all these countries are technically as insolvent as one another. What we are seeing in the bond market is not a flight to UK safety. We are seeing the B of E print money to buy our own debt to suppress the yield. The PIIGS yield has now dropped because the LTROs have meant they can do the same via their banks. Their other problem was they had more debt maturing earlier. Link to comment Share on other sites More sharing options...
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