7 posts were merged into an existing topic: House building
Well iv started buying a few more. I’m thinking to hold 10years minimum as buying for the baby for when he’s older to try and give him a step up. They may well drop more and il keep buying a few more with spare cash. I’m not expecting to be back in the green anytime soon but guess may be a good long term opportunity.
Let’s hope the dividends keep coming for a while…
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Think this conversation has gone on to people’s views instead of the actually reason the spare price the dividend, not if there an iPad built into the kitchen oven in a smaller house!
Let’s bring it back to Taylor wimpey share price or like people do to me it’s getting flagged 
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Great price, that dividend is ridiculously high
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That’s what I’m hoping will be maintained. I’m sure will be more dips along the way but hopefully long term be ok.
The next Taylor Wimpey dividend will go ex in 16 days for 4.62p and will be paid in 2 months.
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Yea that’s not good 
if too high it’s gonna be cancelled
I bought into this and a couple other REIT stock today
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Let hope the market has priced this in
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Every day there’s a different forcast for house prices. Keep seeing between 5-40% drop. Then see different views on building costs drops. Then read not enough houses to go round. Then rent freezes? EPC changes? All makes for a very interesting time. Interesting to see what happens.
Approximately 6% mortgages for first time buyers. Borrow £160,000 repay £130,000 in interest…
You’ve probably seen the lower salaried positions totally priced out and become/stay renters. That trend is a likely contender.
First time buyers, borrow £370,000 (+ £100k deposit) pay back £270,000 in interest alone. It’s simply too much.
Any house price drop below 30% barely scratches the surface when looking at these figures.
Go all out in your career, stack & invest for a decade and buy a property outright. Paying £270,000 in interest is simply too far fetched at the already inflated price of these homes. That last sentence rings pretty true.
This is the cost of borrowing if you don’t have the funds to buy a house.
I would never buy a new build house. You’re likely to end up in negative equity as soon as you buy it. Plus all the snagging issues, cheap materials and poor quality. (I know I’m generalising before people come rushing to defend new builds)
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I brought a new George Wimpey house… never ever ever again , the quality is so bad, ended up selling 10 years later for the same price I paid for it
a reason I dont invest in Wimpey 
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Sometimes you have to take a few risks when buying a property. I was in the process of buying just before Covid hit. I low-balled the vendor by 20k on the asking price. He accepted.
Then everything closed down and when it did reopen I was concerned house prices would drop so went back to the vendor and said I wanted a further reduction of 15k we agreed on 10k.
Sale went through and boom house prices rose. I’ve made 100k in two years.
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Just to balance the reviews out a little I’ll throw in the mix that we brought a TW house Dec 2020 and havnt had any problems at all barring a few cosmetics. TW were great to deal with too whilst Barclays dragged their heels on the mortgage.
So many factors at play when it comes to buying new build as to whether it turns into a nightmare. It shouldn’t be like that but sadly it is, that goes for all the volume builders.
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Very high dividend yield at the mo…I think it goes ex this week…
But you’re here still commenting on it?
Hi @JohnWick All topics are open to all commenters, if threads were only available to people who held that company it would become an echo chamber.
It’s worth noting that George Wimpey hasn’t existed since the mid-2000s before the merger with Taylor Woodrow.
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sounds right, brought in 2008, did the merger make their house building quality any better?
I doubt it 
Just never trust Wimpey, same as I dont trust their burgers
A lot of people expect a house to be perfect when they move in, akin to buying a new car. In construction that’s just simply not the case and a lot of people can’t understand that.
Quality standards vary around the country based on site managers; Neil may have a ranking list of who he believes are the better-quality builders in his area, and my opinion may differ based on where I live.
Neil has worked for a lot of these companies, and I have spent a lot of time on all the different companies sites.
This is why I take everyone’s opinions on house builders (including my own) with a pinch of salt.
I still feel confident there is a place for UK housebuilders in a balanced portfolio, next few years may be rough though.
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I’m not being funny be if a first time buyer can afford £370k house I don’t think they will be bothered about rates interest deposit think they are doing ok 
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