If we vote for Brexit what happens

Crashy_Time

For most people things (houses) will sell for what banks are willing to lend. Anyone buying at the moment needs to let the dust settle and see where the banks/financial industry end up after the negotiations to leave the EU are finalised. IMO.

ukcarper

Crashy_Time wrote: »

For most people things (houses) will sell for what banks are willing to lend. Anyone buying at the moment needs to let the dust settle and see where the banks/financial industry end up after the negotiations to leave the EU are finalised. IMO.

If they are buying for an investment I would agree. If they are buying a home and can afford it I would say buy, with the understanding that prices might fall but equally they could stay the same or increase. I believe that's Martins advice.

Thrugelmir

cashbackproblems wrote: »

Standard Life property fund suspension just today shows what the markets think is going to happen in the property market :rotfl:

Actually shows how little people understand despite their being more information than ever freely available. Spending a little more time reading the details rather than just the headlines is advisable. :cool:

Crashy_Time

ukcarper wrote: »

If they are buying for an investment I would agree. If they are buying a home and can afford it I would say buy, with the understanding that prices might fall but equally they could stay the same or increase. I believe that's Martins advice.

"Stay the same or increase" are now in doubt though, isn`t that the point of the thread? Not sure why even someone who can "afford it" would want to lose money by rushing in?

ukcarper

Crashy_Time wrote: »

"Stay the same or increase" are now in doubt though, isn`t that the point of the thread? Not sure why even someone who can "afford it" would want to lose money by rushing in?

I though I made it clear I don't know what prices are going to do if your buying a home you will most likely keep the property for a reasonable length of time so the money you save on rent will iin all probability offset any losses. What if you are wrong and prices increase or stay the same in that case you will also be worse off in the worse case it could be that the property you like could become unaffordable.

Crashy_Time

ukcarper wrote: »

I though I made it clear I don't know what prices are going to do if your buying a home you will most likely keep the property for a reasonable length of time so the money you save on rent will iin all probability offset any losses. What if you are wrong and prices increase or stay the same in that case you will also be worse off in the worse case it could be that the property you like could become unaffordable.

Yes, but a historic vote and the threat of banks based in London losing the licence to operate in the EZ make the old beliefs and arguments about property, if not quite redundant, just something to pause and think about for a while. IMO.

jimpix12

https://www.fundstrategy.co.uk/aviav-investors-suspends-trading-propert-fund/

ukcarper

Crashy_Time wrote: »

Yes, but a historic vote and the threat of banks based in London losing the licence to operate in the EZ make the old beliefs and arguments about property, if not quite redundant, just something to pause and think about for a while. IMO.

I'm glad you put IMO as that is just what it is. You have put off buying for the best part of 20 years and missed buying at prices unlikely to return. Most people think it's best to get on with thier lives rather than trying to guess the property market. I though my daughter had made a mistake buying in 2007 but last year she sold her house for 30% more than she paid for it.

michaels

mwpt wrote: »

Errr, isn't this what I have said multiples times on this forum and been either shot down or ignored by the leave voters?

Wage suppression is a global phenomenon. It was not caused by the EU and it isn't going to be solved by leaving the EU. We have chosen a very difficult economic path because a !!!!ing stupid YES/NO type vote allowed people to tick a box meaning "NO, I am not satisfied with life".

Vast majority, especially lowest paid, are employed in services which are not traded internationally - or will you ship your great grannies bottie to china to have it wiped?

jimpix12

I'm not going to bother trawling through users posts but I bought in 2013, but I still want a crash. 40% in the SE minimum. Bring it on.