If we vote for Brexit what happens

Thrugelmir

danothy wrote: »

No, that would be protectionist.

How the majority of the world works in reality. Regulations or not.

SG27

The housing market doesn't change in two weeks. If prices are falling now then its nothing to do with brexit. Two months will see if there has been an impact. And the only impact will be from buyers there luck due to the headlines.

Hopefully prices will fall. But Britain leaving the EU wont be the reason.

ElsieMonkey

brit1234 wrote: »

So how have you added £195k value to your property?

1. Have you added an extension which doubles the size.
2. Have you completely gutted a low value interior and finished it it marble with an added swimming pool?

If you haven't done anything and its gone up with funny money (QE, low interest rates, funding for lending) and mass frenzy panicking speculation to cause a housing bubble which can pop at any time like 2007-8.


Many people think they are now rich because their houses have gone up so much but in reality you need to sell to capitalise these gains. If you haven't done anything tangible to the property then these gains can simply evaporate in an economic downturn.

Some people say that won't happen due to supply and demand. All I need to say is did the population suddenly drop in 2008 when they fell? Did the population of Japan suddenly drop when they had their economic meltdown?

No, the bubble was caused by cheap credit, irresponsible lending and fraud.

It did need complete refurbishment when I bought it. I've spent about 30k completely renovating it. It's a flat so no extension.

Who knows why prices have risen so much since, but they have. Like I said, if prices do drop, I'm not personally concerned because it won't impact my ability to sell and move on, if mine drops in value, so does everyone elses. But my point is it's not going to drop that drastically, I'm in a high demand London suburb. There always has and always will be people who want to live here, and will pay to live here, for the transport links, Outstanding schools, cafe culture on the door step etc. At the moment interest rates are low, supply low and demand high. The only wobble is the market having gone a little stale since everyone rushed to sell pre-BTL rise in tax and some waiting it out/concerned post-referendum. Since the result there's been an increase now in properties coming on the market where I am. Only a couple have returned to the market and who knows why that really is. Prices are higher than they were this time last year although the increases aren't as high as I have seen over the past few years obviously, but they are still rising slowly and surely.

I don't now think I'm rich by the way! Completely aware that it requires a sale to pocket the money! And I don't doubt the value can evaporate in a downturn, BUT i'll say again, if mine does so does everyone elses. It's all relative so I wouldn't worry (unless I was someone who had built up no equity and had bought the place with a tiny 5% deposit - which I am not).

Thrugelmir

ElsieMonkey wrote: »

It did need complete refurbishment when I bought it. I've spent about 30k completely renovating it. It's a flat so no extension.

With a flat there's always the length of the remaining lease to consider. Along with the service charges levied.

CLAPTON

danothy wrote: »

Well done both of you, you've both managed to implicitly come to the conclusion that giving people different fundamental rights based on their race or ethnicity - i.e. giving or restricting someone the right to live and work somewhere based on nothing more than where they were born - is racist. I will tell you for free that racism is wrong and you should be ashamed of advocating it in this form if you do so.

You are indeed an 'idealist' : you know the type that cheered the red guards as they killed and starved 40 million chinese and the sort that respectfully watched as the soviet empire killed 30 million and stood by as Pol Pot killed a quarter of the Cambodians. But you would have the consolation that you were well intentioned.

Save us from foolish well intentioned people who don't understand unintended consequences.

baza52

gfplux wrote: »

Hello Baza52,
When you say put British people at the front of the que for a job.
Do you mean that a British person gets the job even if they are less experienced or qualified than someone you define as foreign.

If companies can advertise a vacancy that is NOT open to a white british citizen and its not racist why is advertising a job to a BRITISH citizen racist?

You do realise a British citizen can have any colour of skin, and religious belief don't you and their ancestors can come from any part of the world?

I'm talking British people. British is NOT a race is it.
If I said No black people or no Muslims or no Americans or Spanish then I might get where your coming from.

Why does everything have to be racist these days.
It would enable more British to get back to work and that is a good thing for our country, less benefits means less taxes.

Yes someone from outside the UK would pay tax but nowhere near enough tax to pay for the British person claiming benefits.

I remember haring a few years ago that Sikh's living in the UK preferred and were encouraged to shop and do business in Sikh owned businesses.

Is it racist? no.

If I decide to only buy British goods is it racist? NO

Mistermeaner

If you're a white rapper can you still win a mobo?

kabayiri

Thrugelmir wrote: »

How the majority of the world works in reality. Regulations or not.

Agreed.

If we want to see protectionism operating in all it's glory we only need to see the patent wars, particularly how they play out in the USA.

I think you have to see jobs partly as a mechanism to build and support a community.

jimpix12

Breaking news: homeowner thinks prices won't drop. Says the most important economic event of the past 30 years doesn't mean anything.

You heard it here first. Buy buy buy!

ruelle

http://www.independent.co.uk/news/business/news/house-prices-cool-in-june-as-economist-predict-downturn-after-brexit-a7125126.html

5% drop forecast for this year. TBH I've been looking in London and have noticed a lot of reductions.