If we vote for Brexit what happens

The_Last_Username

baza52 wrote: »

http://uk.reuters.com/article/us-britain-eu-petition-idUKKCN0ZP0D4

Also:
http://www.unilad.co.uk/news/the-government-responds-to-calls-for-a-second-eu-referendum/

Crashy_Time

cashbackproblems wrote: »

i have been looking for about 8-12 months, post stamp duty i saw things substantially quieten down in SE London and was waiting for the eu vote which has worked in my favour. I am still actively looking and have an offer on the table for one place which is much lower than asking but fair considering how the market is going and won't be increasing

I have no interest in a big crash as my partner is an EA and heavily commission based pay, but i am predicting a 20% slow fall over the next 12-18 months and even she is seeing the market move this way

Surely EA`s still make money as prices fall?

BobQ

We still have no plan though.

Thrugelmir

gfplux wrote: »

Perhaps India would like free movement between India and Britain as part of the deal?

The UK is the largest export market for Indian clothing manufacturers. India receives less favourable treatment than other developing countries in terms of import tariffs. Bangladesh imports for example are 0%. There's a far more complex picture that's going to unravel. Countries want to trade with the UK. The UK market is simply too big to ignore.

cashbackproblems

Crashy_Time wrote: »

Surely EA`s still make money as prices fall?

yep but not as much as its based on the sale price.

Plus as prices fall less people sell and much lower turnover of properties.

Mistermeaner

Thrugelmir wrote: »

The UK is the largest export market for Indian clothing manufacturers. India receives less favourable treatment than other developing countries in terms of import tariffs. Bangladesh imports for example are 0%. There's a far more complex picture that's going to unravel. Countries want to trade with the UK. The UK market is simply too big to ignore.

It just got a whole lot smaller

ruelle

cashbackproblems wrote: »

i have been looking for about 8-12 months, post stamp duty i saw things substantially quieten down in SE London and was waiting for the eu vote which has worked in my favour. I am still actively looking and have an offer on the table for one place which is much lower than asking but fair considering how the market is going and won't be increasing

I have no interest in a big crash as my partner is an EA and heavily commission based pay, but i am predicting a 20% slow fall over the next 12-18 months and even she is seeing the market move this way

Good luck!

This is interesting for all those of you who say with low interest rates etc etc there can't be a slump.

http://scienceblogs.com/cortex/2008/07/25/loss-aversion-and-real-estate/

jimpix12

Cashback reveals he has a vested interest in prices going down but not too quickly as his partner would suffer. Diddums.

The plot thickens....

cashbackproblems

spunko2010 wrote: »

Cashback reveals he has a vested interest in prices going down but not too quickly as his partner would suffer. Diddums.

The plot thickens....

:rotfl:

ultimately i am looking to buy so any drop is in my favour and will outweigh any loss to my OH. But i am seeing things fall and predicting it will continue.

jimpix12

Did seem a slightly odd thing to admit though.

I'm predicting 20pc drops in the next year. I hope it's double that though.