AsleepInYorkshire wrote:BullDog wrote:And the shares go up. I am never going to understand this stock market stuff. Obviously.
Check the book value of the company
AiY(D)
Can it be believed?
(Carillion?)
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AsleepInYorkshire wrote:BullDog wrote:And the shares go up. I am never going to understand this stock market stuff. Obviously.
Check the book value of the company
AiY(D)
BullDog wrote:AsleepInYorkshire wrote:Check the book value of the company
AiY(D)
Can it be believed?
(Carillion?)
AsleepInYorkshire wrote:Bellway to cut volume by a third as firm axes around 150 staff
Housebuilder says it expects to build just 7,500 homes this year and has let go of around 5% of staff
Housebuilder Bellway has said it is expecting to cut build volume by a third and see a near halving of profit in its current financial year, given weak demand for new homes prompted by high interest rates.
The listed builder, reporting results for the full year to July, said it expected completions to drop to around 7,500 in the current year, from 10,945 in the year just gone, and for its profit margin to drop by at least six percentage points.
AiY(D)
AsleepInYorkshire wrote:Bellway to cut volume by a third as firm axes around 150 staff
Housebuilder says it expects to build just 7,500 homes this year and has let go of around 5% of staff
Housebuilder Bellway has said it is expecting to cut build volume by a third and see a near halving of profit in its current financial year, given weak demand for new homes prompted by high interest rates.
The listed builder, reporting results for the full year to July, said it expected completions to drop to around 7,500 in the current year, from 10,945 in the year just gone, and for its profit margin to drop by at least six percentage points.
AiY(D)
squareofthewicket wrote:A very naive question:
If all of the house builders reduce the numbers they build during a housing market downturn, why do governments (even one that is expected to form the next one) then promise / add to their manifestos that they would build x-thousands of units/houses per year? Does the government / local councils have builder(s) that they can dictate to, so that certain number of supposedly low cost housing units are built? They seemed to have failed on this every single year over the last 15 odd years.
TiA
squareofthewicket
Lanark wrote:a time when nobody is buying
Lanark wrote:The only way that private companies are going to ramp up their building at a time when nobody is buying is if:
1) The govt dream up some scheme to dupe the public into buying them i.e. Help to Buy.
2) The govt just agree to buy them all and rent them out, which will no doubt involve paying peak prices in a falling market and handing huge wodges of taxpayer cash to a bunch of housing associations.
1) has already been tried, so my guess is it will be 2)
Tara wrote:Whether the migration is legal or illegal, the government still have no intention of ever building the required number of houses.
Lootman wrote:Tara wrote:Whether the migration is legal or illegal, the government still have no intention of ever building the required number of houses.
Why is it the job of the government to decide how much housing should be built? Surely the market can determine that?
Mike4 wrote:Lootman wrote:Why is it the job of the government to decide how much housing should be built? Surely the market can determine that?
It can and it does.
When the price of housing goes down comfortably-off people simply buy and consume more of it, thereby supporting the prices.
My own hovel could easily accommodate 4 or 5 people if push came to shove. Or ten or more in extremis. Probably 20+ if the out-buildings were pressed into service.
Lootman wrote:Mike4 wrote:It can and it does.
When the price of housing goes down comfortably-off people simply buy and consume more of it, thereby supporting the prices.
My own hovel could easily accommodate 4 or 5 people if push came to shove. Or ten or more in extremis. Probably 20+ if the out-buildings were pressed into service.
If there is a shortage of housing in the UK then that is not because the government has failed to intervene. It is because the government has intervened too much, through planning controls and other restrictions on the market.
Lootman wrote:Mike4 wrote:It can and it does.
When the price of housing goes down comfortably-off people simply buy and consume more of it, thereby supporting the prices.
My own hovel could easily accommodate 4 or 5 people if push came to shove. Or ten or more in extremis. Probably 20+ if the out-buildings were pressed into service.
If there is a shortage of housing in the UK then that is not because the government has failed to intervene. It is because the government has intervened too much, through planning controls and other restrictions on the market.
Tara wrote:Whether the migration is legal or illegal, the government still have no intention of ever building the required number of houses.
Keep housing supply low, and keep housing demand high through mass immigration of legal or illegal migrants. That is the scam to keep the UK housing Ponzi scheme going.
dealtn wrote:Tara wrote:Whether the migration is legal or illegal, the government still have no intention of ever building the required number of houses.
Keep housing supply low, and keep housing demand high through mass immigration of legal or illegal migrants. That is the scam to keep the UK housing Ponzi scheme going.
Housing supply isn't low, and the market happily corrects if it were. There are sufficient places to live for all the people that are in the country.
Tara wrote:Whether the migration is legal or illegal, the government still have no intention of ever building the required number of houses.
Keep housing supply low, and keep housing demand high through mass immigration of legal or illegal migrants. That is the scam to keep the UK housing Ponzi scheme going.
dealtn wrote:Housing supply isn't low, and the market happily corrects if it were. There are sufficient places to live for all the people that are in the country.
servodude wrote:dealtn wrote:
Housing supply isn't low, and the market happily corrects if it were. There are sufficient places to live for all the people that are in the country.
...as long as you don't get a choice?
As far as I'm aware you don't have enough places for prisoners let alone a functional housing market.
Can you possibly let us see your working?
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