Life after Brexit
#12


A good friend of mine is a contracts manager for one of the mainstream house builders. As of Friday they were given instructions to stop digging new footings until further notice and start making plans for a 25% reduction in workforce.
#13


If your friend works for a significant player in the market that level of cuts will be measured in thousands and should make headline news. Obviously if they are Polish on zero hours contracts no will hear about it.
What's the sector (e.g retirement homes)? I'm not aware of how Brexit would affect projected population growth, ageing or anything else in the short to medium term.
Seems an odd decision unless future profits were predicated on unrestricted immigration. We know there aren't enough homes for British people as it is.
Those 20,0000 (minimum) Syrians will all need somewhere to live as well and then we've got the 1.2M Turkish visa recipients to factor into the equation.
#14

#15


Originally Posted by lower' timestamp='1467027506' post='24003189
A good friend of mine is a contracts manager for one of the mainstream house builders. As of Friday they were given instructions to stop digging new footings until further notice and start making plans for a 25% reduction in workforce.
If your friend works for a significant player in the market that level of cuts will be measured in thousands and should make headline news. Obviously if they are Polish on zero hours contracts no will hear about it.
What's the sector (e.g retirement homes)? I'm not aware of how Brexit would affect projected population growth, ageing or anything else in the short to medium term.
Seems an odd decision unless future profits were predicated on unrestricted immigration. We know there aren't enough homes for British people as it is.
Those 20,0000 (minimum) Syrians will all need somewhere to live as well and then we've got the 1.2M Turkish visa recipients to factor into the equation.
The initial staff losses are contractors so they're not actually laying off, just halting work at the moment.
The reasoning was given that there is going to a lot of uncertainty amongst home buyers for the next 6 months and they wanted to avoid the oversupply that might drive prices down.
#17

So, if housebuilders have over-supply, they'll need to offer discounts to shift them?
So, that's a benefit for buyers, especially the gov't-subsidised FTBs.
Then, a shortage due to lack of new starts will force-up prices, so they'll win again, by losing less of their new-build premium.
So, that's a benefit for buyers, especially the gov't-subsidised FTBs.
Then, a shortage due to lack of new starts will force-up prices, so they'll win again, by losing less of their new-build premium.
#19


So, if housebuilders have over-supply, they'll need to offer discounts to shift them?
So, that's a benefit for buyers, especially the gov't-subsidised FTBs.
Then, a shortage due to lack of new starts will force-up prices, so they'll win again, by losing less of their new-build premium.
So, that's a benefit for buyers, especially the gov't-subsidised FTBs.
Then, a shortage due to lack of new starts will force-up prices, so they'll win again, by losing less of their new-build premium.
They must make huge profits indefinitely.
Anything less is unfair.
Not too many people will be shedding tears for house builders.
#20

Join Date: May 2012
Posts: 142
Thanks: 0
Thanked 0 Times
in
0 Posts

Just curious how it will pan out