RE: What is the fair value here?3 Jun 2023 09:56
House prices won’t come down, there’s too much demand and unemployment is very low. It will just curb the crazy 10% increases per year. Mortgages have only gone from about 3.5% last year to 4.5% now. It’s nowhere near as bad as the media would have you believe.
Anyway, we digress. What makes people think this is cheap at over 3x the price of marstons? I’m not recommending marstons btw, it appears to be in free fall having fallen another 10% since the director buy last week. Good opportunities eventually but where is the bottom?