If we vote for Brexit what happens

Crashy_Time

ukcarper wrote: »

I can't think of anything worse than living in a house share in my 40s or 50s.

Neither can I.

AnotherJoe

buglawton wrote: »

...Really?



Courtesy of:
http://www.housepricecrash.co.uk/indices-land-registry-national-monthly.php
Other years have a very similar Volume of Sales distribution.

That show's the truth of lies, damn lies and statistics. You'd need to work back about three to four months(average length of a purchase process ?) from those registrations to see when people were starting the sales / purchase process. And as you see there's a drop off around Nov/Dec which feeds back to what was said, a drop off for both sellers and buyers looking in August or so. Hardly surprising with so many away for holidays.

ukcarper

Crashy_Time wrote: »

Neither can I.

I though you were oh no you live in that strange land where you can rent a flat for less than you could rent a room for 20 years ago.

Crashy_Time

In fact I can`t think of anything worse than owning a house, and being so scared that the price will drop that you need to spend most days and nights on the internet policing threads that suggest prices are dropping.....:rotfl: That is the true definition of hell!

Generali

HAMISH_MCTAVISH wrote: »

Fixed that for you.

Made all the more appealing by the British Pound's sudden resemblance to a Banana Republic currency.:rotfl:

We're back to having the North Atlantic Peso.

The macroeconomic data over the next year will be interesting to follow. The first dataset to show any changes should be the retail sales data. FDI will follow behind. Anyone that thinks that Wells Fargo went from Due Diligence to completed puchase in the few weeks since the Brexit vote is dreaming.

For those that are interested in these things, the purchase of this building will result in the sale of 4 others across London in which Wells Fargo are currently located. It seems unlikely that there is going to be much in the way of net investment that comes out of this deal.

Crashy_Time

ukcarper wrote: »

I though you were oh no you live in that strange land where you can rent a flat for less than you could rent a room for 20 years ago.

No, I think you are confused, probably on purpose, but maybe just confused.

Kohoutek

Not a great day for David Davis - amazing to think this buffon is in charge of the UK leaving the EU (at least nominally)...

Pity poor David Davis, who has been made Secretary of State for Exiting the European Union without, apparently, knowing the Republic of Ireland exists.

Appearing on Sky News' Murnaghan programme to discuss the possibility of Scotland remaining in the EU while the rest of the United Kingdom leaves, Davis told viewers that "one of our really challenging issues . . . will be the internal border we have with southern Ireland".

http://www.newstatesman.com/politics/uk/2016/07/brexit-minister-david-davis-thinks-republic-ireland-part-uk

David Davis, the new minister for Brexit, may have been in the job less than a week, but he is certainly ambitious. He says he expects to negotiate a trading area “probably 10 times the size” of the European Union. Based on Gross Domestic Product (GDP), that’s much bigger than the economy of the entire earth.

According to 2015 IMF figures, the GDP of the EU including the United Kingdom was $16,220,370 million. The GDP of all the countries in the world added together is $73,170,986 million, which falls short of Mr Davis’ ambitions. The Brexit minister would need to rope in the entire world to a trade deal more than twice to achieve his goal.

https://inews.co.uk/essentials/news/politics/does-david-davis-want-a-trading-area-10-times-the-size-of-the-earth/

jimbog

Crashy_Time wrote: »

In fact I can`t think of anything worse than not owning a house, and being so scared that the price will [STRIKE]drop[/STRIKE] rise that you need to spend most days and nights on the internet policing threads that suggest prices are [STRIKE]dropping[/STRIKE] rising.....:rotfl: That is the true definition of hell!

..................:o

ukcarper

Crashy_Time wrote: »

No, I think you are confused, probably on purpose, but maybe just confused.

You've admitted to renting a room in the past but I must admit I don't know your age but as you claimed to have sold a property in the 90s I thought you would be in your 40s.

Where I am in 1999 you could have bought a reasonable 3 bed for £80k so with a 25 year mortgage you would now owe about £34k. Mortgage payments about £420 a month. That house would have sold for about £290k earlier this year. I don't think I have to say anymore.

Crashy_Time

jimbog wrote: »

..................:o

Got any links to media articles about rising UK house prices? Recent ones.