Credit Crunch officially OVER

Dan:_4

justpurchased wrote: »

I think the new definition is someone not wanting impending financial oblivion. (Apparently I am a bull even tough I expect prices to fall)
But you are right on mortgages, I met all the above and got a mortgage fine. Don’t know if I would if I had any debt.

I hope im not regarded as a bull, i fully expect prices to fall 10-15% and not 'recover' to 2007 levels until around 2017.

p.s. I DON'T want prices to rise.

justpurchased

pizzagirl wrote: »

Most building co. shares went down about 90% from their peak. At least that's what was said on Working Lunch a few weeks ago

They did, credit crunch, no one buying houses, land value falling etc. But they have been rising for the last month or so. Is that a problem for some people!

pizzagirl

You said or at least implied that no shares had fallen by 90%, did you not? That was factually incorrect then

justpurchased

pizzagirl wrote: »

You said or at least implied that no shares had fallen by 90%, did you not? That was factually incorrect then

My original post was on about the FTSE 100 not building shares. I said that most building shares had also gone up by 10+ today. This is true.
The OP can twist it how he wants to.

Generali

pizzagirl wrote: »

Most building co. shares went down about 90% from their peak. At least that's what was said on Working Lunch a few weeks ago

To pick some builders at random:

Bellway (BWY): now 692, peak 1690.
Persimmon (PSN): now 416.75, peak 1526
Bovis(BVS): now 482.25, peak 1204

So not down 90% but not exactly great investments unless you shorted them.

justpurchased

Generali wrote: »

To pick some builders at random:

Bellway (BWY): now 692, peak 1690.
Persimmon (PSN): now 416.75, peak 1526
Bovis(BVS): now 482.25, peak 1204

So not down 90% but not exactly great investments unless you shorted them.

True, some people would have made a lot of money on them over the last month or so. Also with there value going up it is a reflection on what the market thinks about them (EG they have now backed away from the cliff edge)

pizzagirl

justpurchased wrote: »

My original post was on about the FTSE 100 not building shares. I said that most building shares had also gone up by 10+ today. This is true.
The OP can twist it how he wants to.

You said: "Also have shares fallen 90%?" when the OP had never said they had. So I think it's you doing the twisting.

I find your posts a bit tiresome to be honest, they're at best attention-seeking and at worst provocative and childish. But I'm sure you'll continue.... YAWN!

fatpig_2

Generali wrote: »

To pick some builders at random:

Bellway (BWY): now 692, peak 1690.
Persimmon (PSN): now 416.75, peak 1526
Bovis(BVS): now 482.25, peak 1204

So not down 90% but not exactly great investments unless you shorted them.

From peak to low was around 90 per cent though

justpurchased

pizzagirl wrote: »

You said: "Also have shares fallen 90%?" when the OP had never said they had. So I think it's you doing the twisting.

I find your posts a bit tiresome to be honest, they're at best attention-seeking and at worst provocative and childish. But I'm sure you'll continue.... YAWN!

Try this thread belive it or not mine came before his.
http://forums.moneysavingexpert.com/showthread.html?t=1143415
How have I been childish! Sorry you have all converted me I am now agree with you all!
Sorry how I have been provocative today? Surely this thread is!
Also I said Shares your right I was never talking about one company, I was talking about the market as a whole as the OP did not state a sector!

Chris2685

I think the credit crunch is what you make it... For the ones amongst us who have been living within our means, it is quite a blessing.
It has meant for me getting great rates on my savings, and given me the ability to buy a house much more cheaply than I could have done a year ago...