its laughable27 Sep 2018 09:42
how "pundits" and their media sidekicks are able to undermine sentient in a sector during the times between reporting periods. Time and time again we are told we are at "peak cycle" and "valuations are stretched" "the market is saturated ", "margins have come under pressure" only to be told by the companies themselves that earnings are up voiumes are up , land banks are up, sales are up, over books are up, margins are up. cash is up returns of capital are up, dividends will be up. Its obvious to all that the financial media believes house prices must fall. They of course have been saying this for the best part of a decade and the reasoning is subjective to say the least. Its a simple business, buy a plot of land and build a house. Nothing more nothing less. What is so hard to grasp.