Housebuilder Shares Soaring since budget....

twadge_face

ILW wrote: »

They will probably be able to buy their first house when they are in their sixties. That is if the inheritance doesn't all go on care home fees.

This is strictly "I'm alright Jack territory."

In the same way the supposed "crashaholics" wanted the over-leveraged/over-extended to suffer, certain others want to maximise the appreciation of their precious, auspicious circumstances of birth (or rather the timing thereof).

And, as you can see, they are very precious.

Why not guard your spoils of speculation?

No-one gives a $h1t about the kids. Let's not pretend otherwise. Especially as the oldies are set to outstay their welcome longer than ever longer than before, lol!!

Incidentally, I liked that in the photos there was not a single smiley person holding the budget box!

<sorrow> Ah, the public PAIN. </sorrow>

"My precious..."

twadge_face

Originally Posted by HAMISH_MCTAVISH
:rotfl:

My nieces and nephews will be delighted, as we're leaving everything to them. :cool:

Death. The ultimate redistribution of wealth from the old to the young.;)

treliac wrote: »

Watch your back Hamish. They may already be busy plotting. :rotfl:

Yes, we are.

LOL.

HAMISH_MCTAVISH

ILW wrote: »

They will probably be able to buy their first house when they are in their sixties. .

Well, considering they are in primary school just now........ And I have a weakness for good food, good wine and good cigars...... Mid thirties is probably more like it.;)

Procrastinator333

HAMISH_MCTAVISH wrote: »

Housebuilders up sharply since the budget:

Barratt 4.91%
Taylor Wimpey 4.19%
Persimmon 3.69%

Not good news for the crashaholics......

Or another way to look at it:

All of those are listed on the FTSE 250.

In the last month, the FTSE 250 has risen from 9450 to 9850 (4.2% rise)

Yet:
Barrat has gone from 110p to 108p - a 1.8% drop
TW has gone from 34 to 32.5p - a 4.4% drop
Persimmon has gone from 410p to 382p - a 6.8% drop

Imo, when the index outperforms shares within the index, it is showing that the markets consider them to be the runt of the litter.

I'm not saying the markets are implying a crash - simply that they are not giving the ringing endorsement your selective data portrays.

Generali

Euphoria1z wrote: »

why would there shares go up coz of the budget?

Most likely because reducing the deficit has meant that interest rates will remain lower longer. That has 2 effects on housebuilder shares:

1. Building a house is expensive and your costs are up front. Lower interest rates reduces the cost of financing this, increasing potential profits.
2. Instead of buying shares you can decide just to stick your money in a savings account. Lower interest rates make dividends more attractive so increase the price people are willing to pay for shares.

chucky

Procrastinator333 wrote: »

Or another way to look at it:

All of those are listed on the FTSE 250.

In the last month, the FTSE 250 has risen from 9450 to 9850 (4.2% rise)

Yet:
Barrat has gone from 110p to 108p - a 1.8% drop
TW has gone from 34 to 32.5p - a 4.4% drop
Persimmon has gone from 410p to 382p - a 6.8% drop

Imo, when the index outperforms shares within the index, it is showing that the markets consider them to be the runt of the litter.

I'm not saying the markets are implying a crash - simply that they are not giving the ringing endorsement your selective data portrays.

the markets factored in a worse budget for the housing market.
it didn't materialise so the shares have re-adjusted.
there isn't really anymore to it

crusty_toenail

HAMISH_MCTAVISH wrote: »

:rotfl:

My nieces and nephews will be delighted, as we're leaving everything to them. :cool:

Death. The ultimate redistribution of wealth from the old to the young.;)

look out for soap at the top of the stairs:eek:
Well Hamish prices here in N Ireland are still falling, I'm so pleased I sold to rent over 2 years ago!!!! Just recently bought a property but only at a rock bottom price, falls in England/Scotland and Wales over next couple of years, good news for all those first time buyers.

Dirk_Rambo

ravenfield wrote: »

Great, so they want you to die asap so they can own your house.

I don't want hamish to die (not yet anyway), but i do want him to go and boil his own head.

doire_2

HAMISH_MCTAVISH wrote: »

Housebuilders up sharply since the budget:

Barratt 4.91%
Taylor Wimpey 4.19%
Persimmon 3.69%

Not good news for the crashaholics......

https://forums.moneysavingexpert.com/discussion/2550405

chucky

maybe some of the usual frothers should have taken notice of threads like these...

https://forums.moneysavingexpert.com/discussion/comment/22973805#Comment_22973805

or even the good advice given here
http://forums.moneysavingexpert.com/showpost.html?p=24527165&postcount=12