Didn't house builder type shares plummet around the type of the referendum or am I thinking of something else? How are they now compared to back then? (Genuine interest, not leading to some intellectual conclusion of any sort )

Well, I'm no expert nor wheeler-dealer in shares (hah!), but quick googling Persimmon reveals a big Brexit crash and subsequent recovery to at, or very close to pre-Brexit levels. So as far as the Market is concerned, they appear to be pricing Brexit as "meh, so what".

Ta

we're not just going to boot millions of people out of the country and suddenly have a huge housing surplus.

A quick Google reveals that the stock prices were:

Pre-Brexit - 2098
End of year - 1760 (more than 17% of value lost)
Today, following government announcement of more homes to be built - 1934 (still around 8% down)
Rough price expected had Brexit not happened had Persimmon moved in the same direction as their long term trend line - 2400 (so they are over 19% down on what they would have expected).

So, even on a good day, not a great position.

That's not to say that I think Brexit is killing housing or anything. I would have thought it to be particularly resilient to be honest. We still have massive demand outstripping supply by a considerable margin. I would expect builders to do well; we're not just going to boot millions of people out of the country and suddenly have a huge housing surplus.

Or click the five year tab and see how the long term trend stops dead in the past year.

If this was a global warming chart you'd say it was proof positive that it's stopped.

Or click the five year tab and see how the long term trend stops dead in the past year.

If this was a global warming chart you'd say it was proof positive that it's stopped.

...Brexit which was June this year btw....

But that's a ridiculous analysis.
Taking the absolute peak that occurred the very flipping day before Brexit and saying that's your benchmark is pretty daft, and hardly objective now, is it? Jem's me asked a straight, unloaded, friendly question (breath of fresh air) and wanted a straight answer, which I've attempted to give. Clearly, you're not doing that because, as per, you have your agenda, Curio.

For anyone who's actually interested, here's a link to the Persimmon share price time history graph. Click the 1-year tab.

https://www.google.co.uk/webhp?sourceid ... %20history

Any fair-minded person would have to conclude that the current share price is pretty typical, or very close to the pre-Brexit price (and actually higher for some periods). They started the year with a share price of 1969, and, a year later, they're now on 1937 - yowzers. big deal.

Just to be clear (again ), I have no agenda here since I was - and still am - anti Brexit. However, I'm interested in facts, not distorted spin to suit a given political argument (either way), and I suspect Jem is too. Besides which, I work in Construction as I've said, and it's booming from where I am sitting.

Probably worth trying to stick to what was actually asked, I'd say, rather than answer a question that nobody asked (5-year share prices/trends), then put a bunch of condescending words into the mouth of a guy who freely admitted from the off to knowing nothing about shares and suchlike, and was just trying to be friendly/helpful.

That's fine Curio, appreciated. Sorry if you're having a shit time.

I was genuinely just trying to answer Jem's question (my own take on it), certainly not spinning it one way or the other. Don't forget also, that as it goes, I'm far from enthusiastic about Brexit - to say the least. But that doesn't mean we can't question the pre-poll analysis and predictions (of both sides) now, in the light of stuff actually playing out.

Anyway, have a nice weekend mate.

There's probably no god after all.