£95K per hour £95K per hour
Posts 1 to 10 of 10

Thread: £95K per hour

  1. #1

    Richer than sasguru

    DimPrawn is a fount of knowledge

    DimPrawn's Avatar
    Join Date
    Jul 2005
    Location
    Brexit Britain
    Posts
    34,551

    Default £95K per hour

    Builder Barratt Development banks £95k an hour as it cashes in on Help to Buy | Daily Mail Online

    Britain's biggest housebuilder is celebrating a record year after cashing in on the taxpayer-funded Help to Buy scheme.

    Barratt Developments raked in profits of £835.5million in the 12 months to June 30 – up 9 per cent on the previous year and the equivalent of £95,000 an hour.

    The company sold 17,579 new build homes, just 184 more than a year earlier, generating revenues of £4.9billion.
    You see, Britain is booming. It just needs less spend on health, infrastructure, education, policing and more on tax-payer bungs to house builders.

    What price that 50 square metre executive 5 bedroom linked detached house in Milton Keynes.
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  2. #2

    Fingers like lightning

    TwoWolves is NOT a disguised employee

    TwoWolves's Avatar
    Join Date
    Aug 2005
    Location
    Gloucestershire
    Posts
    861

    Default

    It's easy to make money when the government have your back and all your competitors have been liquidated.

    House builders' profits explode 5x in 6 years - OurCity.London

  3. #3

    Super poster

    meridian - scorchio!

    meridian's Avatar
    Join Date
    Feb 2006
    Posts
    4,208

    Default

    Sounds like jealousy to me, the same people that are complaining that the London mayor isn’t building enough affordable housing.

  4. #4

    Fingers like lightning

    TwoWolves is NOT a disguised employee

    TwoWolves's Avatar
    Join Date
    Aug 2005
    Location
    Gloucestershire
    Posts
    861

    Default

    The houses that are currently being built are extremely poor quality, worse than even the '70s and '80s with profit margins that are eye-watering by any industry standard. They can do this because the government has, through favour with the larger builders put most of the smaller competition out of business.

    My father ran his own civil engineering company and after he retired he worked for the local council. He was flabbergasted at the corruption.

  5. #5

    Contractor Among Contractors

    Yorkie62 is NOT a disguised employee


    Join Date
    Nov 2015
    Location
    Omnipresent
    Posts
    1,813

    Default

    Quote Originally Posted by TwoWolves View Post
    The houses that are currently being built are extremely poor quality, worse than even the '70s and '80s with profit margins that are eye-watering by any industry standard. They can do this because the government has, through favour with the larger builders put most of the smaller competition out of business.

    My father ran his own civil engineering company and after he retired he worked for the local council. He was flabbergasted at the corruption.
    Corruption is rife within most councils, particularly their planning departments, and especially those within the South-East of England where a private swimming pool takes precedence over a protected species such as the Great Crested newt.

  6. #6

    Should post faster

    fiisch is a permanent contractor


    Join Date
    Dec 2017
    Posts
    192

    Default

    Time to put my day rate up me thinks....

  7. #7

    TykeLike

    SimonMac is a fount of knowledge

    SimonMac's Avatar
    Join Date
    Aug 2010
    Location
    God's Own Republic Of Yorkshire
    Posts
    23,165

    Default

    Quote Originally Posted by TwoWolves View Post
    It's easy to make money when the government have your back and all your competitors have been liquidated.

    House builders' profits explode 5x in 6 years - OurCity.London
    Which is why I have BDEV and Persimmon Shares in my SIPP
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

  8. #8

    Godlike

    BR14 is a fount of knowledge

    BR14's Avatar
    Join Date
    Jun 2017
    Location
    Under your kitchen sink
    Posts
    7,308

    Default

    Quote Originally Posted by SimonMac View Post
    Which is why I have BDEV and Persimmon Shares in my SIPP
    Did you have Carillion, too?
    Entropy is NOT what it used to be.
    Inertia, however........................

  9. #9

    Richer than sasguru

    DimPrawn is a fount of knowledge

    DimPrawn's Avatar
    Join Date
    Jul 2005
    Location
    Brexit Britain
    Posts
    34,551

    Default

    Quote Originally Posted by SimonMac View Post
    Which is why I have BDEV and Persimmon Shares in my SIPP
    Might be time to sell them soon, rumour has it "Help to Make Big House Builders Billionaires with Tax-Payers Money" might be coming to an end.
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  10. #10

    Super poster

    Hobosapien - scorchio!

    Hobosapien's Avatar
    Join Date
    Feb 2016
    Location
    LA - la la fantasy land
    Posts
    2,584

    Default

    We'll see what happens in the Autumn Budget in November, but those 300,000 'promised' new houses a year aren't going to build themselves, so I wouldn't bet against more government subsidisation just yet.
    Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •