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Housing Crash Coming
So MoneySupermarket shows Fixed rate mortgages to be the cheapest at the moment, which is unusual, normally it's trackers, so the banks obviously expect rates to be cut either due to a recession or a No Deal Brexit or both. If a recession comes so will job losses and default rates on mortgages will increase, probably…
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Houses are affordable for first time buyers
Every now and then I get fed up with millenials moaning on about nevr buying a house, so a quick check shows I can afford a mortgage of £125,000 when I earn £25k - what people get to after a couple of years at the place I work - and these are youngsters with a few GCSEs So that's the mortgage sorted. Right move shows there…
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London price surge breaks records
Seems that buyer enquiries in the month since the election are dramatically up: https://www.cityam.com/post-election-property-price-surge-breaks-records/
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Rightmove.. up yet another 2.8% MOM
It just gets worse for the doomsters :rotfl:
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In work poverty due to overpriced housing costs
There is so much in work poverty now due to the discrepancy between wages and housing costs. There can never be an end to help to bubble or other schemes until property comes down to meet wages or wages go up to meet property. Either way there needs to be a correction or continue to inflate the bubble with housing benefits…
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RICS - sales expectations up
https://www.bbc.co.uk/news/business-51127329 Personally I think this is generally good news. Those looking to buy may disagree but they've had a chance to get a bargain during uncertain times which brings up an important point. when everyone is confident you won't get a bargain and if you want a bargain you need to take a…
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Get your overdrafts paid by March
Just a reminder to those with overdrafts, get them paid off by March. I have a £7000 arranged overdraft that I rarely use, just use the occasional few £100 quid at the end of the month or use a few £1000 tops on the very rare occasion when I take a last minute holiday. Rates are jumping from 15% apr to near 40% apr, as…
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Ireland population boom post Brexit?
If an EU national wants to move to an English speaking country most moved to England Post Brexit their only option is Ireland Could Ireland see EU migration levels spike post Brexit can they cope? The UK accepting 100,000 a year is one thing, a country 1/14th the size accepting 100,000 is totally a different scale Go long…
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National debt clock.. surprised me
http://www.nationaldebtclock.co.uk/ I remember the big fanfare when it went over the £1 Trillion market, I was totally unaware it had crossed the £2 Trillion mark, there was nothing in the media. Good or Bad? No idea
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[The Economy] 6.2% living wage increase
Not sure if this is the correct sub forum to put this in but here goes. So the government just announced the "biggest cash increase ever" a 6.2% rise to the national living wage and immediately in the Federation of Small Businesses are basically saying they're doomed because they can't afford to pay people a living wage!…
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And this shows the mindset of negative people
https://www.housepricecrash.co.uk/forum/index.php?/topic/235596-whatwho-will-collapse-first-in-2020/ Here is the typical mindset of a HPC'er, they are following yet again their tradition of what will fail in 2020, seriously. How many people last and today will be drawing up lists on what positive things they can do this…
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Happy New Year
Happy New year everyone :) I sincerely mean that to everybody, whether you are homeowner or someone who wants to be a homeowner, I hope you find peace in 2020.
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Could another political party evolve?
I am by no means a right winger, I have even been one of the old boys from the black stuff, GBH type lefty sympathiser in my time, old Labour values of protecting the old working men's wellbeing I have a lot of time for some might be shocked to hear. But I had an article pop up on my Facebook that highlighted the problems…
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Massive majority for the Tories, Goodbye housing crash for now
There will be a correction one day, all of us "perma bulls" know, but not for another 5 years :) :)
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Will the EU without Britain affect house prices in Britain
Many Brexiters are keen to discuss the economy of the EU without Britain. Here is the perfect place leaving the thread titled “Brexit the economy and house prices” to concentrate on the British economy.
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Prime Minister after Boris Johnson prediction
Without a shadow of a doubt, Corbyn was the reason the Tories have got back in. I'm predicting that the Labour will realise this and dump JC(along with momentum) and that their new leader will also be the country's next prime minister after BJ when the result of brexit starts to dawn on the public in a few years time.
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No deal Brexit or Corbyn government?
Daniel Finkelstein argues convincingly in The Times today that the only realistic options for the country are either a no-deal Brexit or a Corbyn government. At the end of the day it’s a no-deal Brexit or Jeremy Corbyn (behind paywall) In brief, the argument is that (notwithstanding delusions to the contrary involving…
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Can’t believe you lot are still here
Hello old timers, hows it going ? So, still no crash huh ? :)
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Will the next generation be able to buy their own house?
The generation in school at the moment, will they be able to buy a house with a normal job and normal income? The generation in their 40s or 50s could buy a house when they left school with a normal job. A normal job let’s just say is min wage x 40 hrs or thereabouts. Last few generations the ratio of house prices to…
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At what point do you just swallow your pride and admit you was 100% wrong
It's now 20 years on and housepricecrash.com have called the property market drastically wrong on so many hundreds of occasions, when do you just give up and swallow your pride and admit you got it so badly wrong? 20 years ago and then 20 years before that, people purchased property, some could not afford to or never had…
