Taylor Wimpey hit by massive loss

WTF?_2

justpurchased wrote: »

No but a sucessfull company will survive a dowturn in its sector. it happens to all companies but you would not know yet being a uni boy.

I guess I haven't lost enough money to be considered successful (by you) :rotfl:

justpurchased

!!!!!!? wrote: »

I guess I haven't lost enough money to be considered successful (by you) :rotfl:

I take you have a job so what are you sucessful in! Posting on a business you clearly know nothing about (or business in general) !!!!!! suits you..

Max_Headroom_3

alared wrote: »

We`ve just had an eight year run of boominig house prices with the greedy builders forcing up prices and their profits at every chance.

How can this lot whine about loss of profits when they`ve made record profits for the past seven/eight years by ripping off Joe Public.
My heart beeds for them.

I'm sorry, but that's business. When you sell your house, or your car, or your whatever, do you not try to get as much as you can for it, or do you think "my Ford Focus will sell at £5,000 so I'll sell it for £2,000 because that's fairer".

And how is that any different from a buyer paying as little as they can? Do you hear people on here saying "I have seen a house I can negotiate down to £150,000" only for others to say "no, pay £175,000, that's fairer".

The seller sells for as much as possible, the buyer buys for as little as possible (contained of course by what he can pay) and the end result (the balance between the two pulling in opposite directions) is the market price.

Where the system has fallen over is that banks have given the buyer far too much spending power, more than in many cases can be paid back, and certainly more than is sustainable. Give everyone twice as much money and they don't all end up with twice as big a house, they end up with the same house at twice the cost as the market adjusts. That balance between buyer and seller pulling in opposite directions again.

Now the banks have run out of cash so the public has less spending power so prices must drop.

Not defending the builders here, but trying to give a little perspective. Suggesting "well they should have just sold the houses for less than they could have got, it's all their fault" is naive in the extreme!