If we vote for Brexit what happens

jimbog

smile88egc wrote: »

2 houses in my town dropped their asking price today (south west). So it begins!

Yep. A one bedroomed flat no more than 10 miles from me was reduced in price yesterday

Crashy_Time

sheff6107 wrote: »

BTL is more geography dependent though. It's more relevant for city centre flats (for example) than high end rural properties.

The assumption is that EU exit = job losses, but even if that is true, when would that occur? We won't even leave the EU for at least 20 months. Nobody is really explaining why a recession is supposed to occur - the assumption is that big multinationals will simply move out of the country but what evidence is there?

Tax changes apply to all BTL I believe. Don`t know what your point is about rural properties, in a crash everything gets priced down. Headlines like this only a few days after the vote don`t bode well for the ever so important sentiment IMO.


http://www.standard.co.uk/news/london/london-house-prices-slashed-after-brexit-vote-a3285731.html

Crashy_Time

http://www.cityam.com/244591/easyjet-talks-eu-governments-moving-its-headquarters-out

kinger101

Crashy_Time wrote: »

http://www.cityam.com/244591/easyjet-talks-eu-governments-moving-its-headquarters-out

This topic is already on the wrong forum. If you want to post any and every news item related to brexit, other fora are more suited.

Crashy_Time

kinger101 wrote: »

This topic is already on the wrong forum. If you want to post any and every news item related to brexit, other fora are more suited.

This was in reply to post #50, about companies leaving the UK post Brexit, it relates to jobs and house prices. A newspaper headline relating to Brexit and house prices, and this are not "every news item related to Brexit".

cashbackproblems

I think a lot of people will be influenced by stories like the london standard did yesterday, i have been saying it will take time for sentiment, instability and potential job losses to feed down to house price reductions and we are already seeing it. Pre April the kinds of places i was looking to buy were going in days...now they are staying unsold, EA's and vendors will slowly cut prices but there is still some delusional mindsets by vendors who are upset they didnt sell earlier in year or 2015 when the london commuter belt was totally booming

I personally dont see a "crash" happening, due to cheap credit and domestic demand for good condition properties, but without doubt there will be reductions and even if you are buying long term home, if you can get it for 15% less which could equate to a 50k saving why wouldnt u wait. Also my partner who is an EA has seen more ppl last week renegotiate down by 10-20% and some vendors have accepted as they realise they could wait and get lower and they need to sell

Anyone who offers high asking prices in todays market is a fool

posh*spice

wotsthat wrote: »

Here's a Guardian article about it.

Quite a different take on what is possible to reduce/ deter immigration and still stay within EU rules. If some of these ideas had been implemented remain would've won by a landslide.

She said reducing net EU migration need not mean undermining the principle of free movement. Well yes so why didn't the government do something about it earlier - it was obvious immigration was people's biggest concern. It's not even as if they argued how brilliant it was because they set such a low migration target.

They could have done UKIP without a referendum if they thought this version of free movement was correct and acted upon it.

http://www.theguardian.com/politics/2016/jun/29/working-eu-uk-free-movement-permit-easy-entry-migrants-jobs-automatic-rights-

That reaaly looks an unacceptable outcome to me. Those numbers would still be way to high for people who voted Leave.

If the Tory party fudge this people will vote them out of and we wil get UKIP in power. That would be a terrible outcome.

wotsthat

posh*spice wrote: »

That reaaly looks an unacceptable outcome to me. Those numbers would still be way to high for people who voted Leave.

If the Tory party fudge this people will vote them out of and we wil get UKIP in power. That would be a terrible outcome.

What were leave voters expecting?

Gove seemed to indicate during the referendum campaign that the current government target (100,000) was reasonably sensible but couldn't be achieved before 2020. Is that too many? Too late?

Of course he said a lot of things during the campaign and some of them weren't true, and, apart from a pledge to reduce numbers, he's not said what those numbers should be so far as he bids to be PM.

Rinoa

Off topic, well sort of.

Were the Referendum betting markets rigged by FX traders?

Controversial stuff, rumour Sunday Times investigating.


http://alberttapper.blogspot.co.uk/2016/07/libor-mk2-were-betting-markets-on-eu.html

posh*spice

wotsthat wrote: »

What were leave voters expecting?

Gove seemed to indicate during the referendum campaign that the current government target (100,000) was reasonably sensible but couldn't be achieved before 2020. Is that too many? Too late?

Of course he said a lot of things during the campaign and some of them weren't true, and, apart from a pledge to reduce numbers, he's not said what those numbers should be so far as he bids to be PM.

The Govt manifesto promise was tens of thousands. Now that the HoC has control of immigration, it must do that or it'll get voted out of office. That's how democracy works.

I was wondering if the government will trigger an emergency brake on Free movement when they trigger Article 50? I know it's against treaty agreements but what are the EU gonna do about it?