Hard time in business

[nickliv]

I was speaking to a builder just this morning, and he said that for a builder like barratt or wimpey, About three years ago, on a prestigious development in the North East of Scotland (Prestigious that is, for the north east of Scotland) timber kit houses for sale at just over £200K. every third house was profit.

As someone just beginning a self build, tradesmen certainly seem to be easier to come by now.

[landman]

That might apply to NE Scotland, but down here in Hampshire it's half of that at 15%.

Just look at the average profit on turnover for any of the top 10 plc builders.

All available online for inspection.

Roll on Monday, let's get this over & done with.........

Landman - Kronenbourg & Stella are my best friends tonight.

[nopanic - neil]

That might apply to NE Scotland, but down here in Hampshire it's half of that at 15%.

Just look at the average profit on turnover for any of the top 10 plc builders.

All available online for inspection.

Roll on Monday, let's get this over & done with.........

Landman - Kronenbourg & Stella are my best friends tonight.

Good luck tomorrow, hope it all sorts out.

HAving a Stella right now for you!

[redstu]

Hope it goes well for you tommorow Landman.

The way things are looking though the next few years look a bit difficult for housebuilders, as the ratio of prices to earnings reduces.

Its just taken a while to arrive and was brought about by the crazy lending over the water becoming apparent and loose lending here as well.

[nickliv]

The scottish system places heavy financial penalties on buyers who fail to complete at the agreed price, within the agreed timescale, and secondhand houses tend to use the murky offers over system, so the housebuilders have (within reason) been able to determine their own prices, as new houses are generally sold at a fixed price.

I sincerely hope Monday doesn't hold what you expect Landman. Fingers crossed. It's a s**tty situation that's brought about by the banks lending to the wrong people, then having to protect themselves by f**king over the people they should have lent to in the first place.

[Leftie]

Hope you have a result Landman.

As an engineer, I've have pulled from under my feet two seperate contract worth £7.5m (not to me ofcourse)because the excuse is lack of sales etc.

So they 'pulled' the projects.

For me thats 2 years work panned all because of sub-prime loans. I don't blame the yanks for this although they started it. Buct the money grabbing imbeciles that run the UK banking industry.  Northern Rock should have gone to the wall.

If it was called Southern Rock, it would have closed 12 months ago and nobody been any wiser.

I could go on but..............reason I don't vote lbour.

[Lazy B'stard]

The upshot of all the housing doom and gloom is that investors are looking elsewhere. The classic car game is looking rosy at the moment. Whilst less than perfect stuff is not shifting, good cars are flying out of the door. I just sold a really nice matching numbers 67 Mustang Fastback this week for a cracking price on the first day it was advertised and have 3 blokes wanting the Interceptor that I'm finishing off this week. The restoration side is booked solid for the next 18 months too. Happy days!

[Nordic]

Despite Gordon 'the tosser' Browns best efforts the credit crunch deepens in the UK.

[Andy Zarse]

Take that mask off; you don't fool me!

What have you done with Nordic?

[Martini...LB]

The upshot of all the housing doom and gloom is that investors are looking elsewhere. The classic car game is looking rosy at the moment. Whilst less than perfect stuff is not shifting, good cars are flying out of the door. I just sold a really nice matching numbers 67 Mustang Fastback this week for a cracking price on the first day it was advertised and have 3 blokes wanting the Interceptor that I'm finishing off this week. The restoration side is booked solid for the next 18 months too. Happy days!

That will be the wife's Interceptor then?!

How are the snorkelling lessons?

>Martini...LB

[nopanic - neil]

I know its very hard out there, found this on the web. Help to save those pennies

Old idea, but still helpful for all smokers.   

[Lord Pig-Pen]

The Housing Association I am currently working for announced today that they are taking on another 200 plus units from developers in various areas.
The finish quality of ones I have snagged is awful and they were meant for the private buyer so there was not even the excuse of "its only social housing".
My old boss, who runs a very well known retirement home building company told me yesteday that they are now registered as an RSL (Registered Social Landlord) and are looking to shift a retirement block in the midlands with no sales to HA.

Its hitting hard.

Times like this make me sooooooooooooo glad I ended up working in this sometimes hateful field of work.

[Andy Zarse]

[Kev_mk3]

well my job huntings gone right up sh*t creak with this at the moment

[Rusty]

The finish quality of ones I have snagged is awful and they were meant for the private buyer so there was not even the excuse of "its only social housing".
Its hitting hard.

The build quality of the old Council housing was superb, built to last, and not for profit. Look what happens when you get the 'fill your pockets' boneheads in town, bolstered by 'the lend them anything' businessmen now retired in the Cayman Isles. Meltdown dude.

Where's my f**k*ng beer and my f**k*ng gun !!!

Rusty