If we vote for Brexit what happens

CLAPTON

gfplux wrote: »

Perhaps some EU workers have already quit the UK, a perfect result for the Brexiteers.
Do remember basic economics too many unfilled jobs is BAD. It leads to lower economic output and wage inflation.
However it is important to remember this is VERY early days. We should not be jumping to conclusions about what is a good or bad sign at this stage.
We all need to be careful.

-Unfilled vacancies lead to wage growth as employers compete for labour (a major reason why UK employer welcome large scale immigration to hold down wages)
-shortage of labour leads to businesses innovating and improving efficiency so as to maximise productivity of the labour force.
-increase on GDP is NOT the aim of economic activity: arguably per capita GDP just might be an objective but the general standard of living (including housing standards) is the actual aim of economic activity.

If wage growth was a 'bad' thing then we would all be subsisting on peanuts. What we want is highly paid work that arises from high value added (i.e. high productivity)

Typhoon2000

In South East London and Kent, new instruction for larger family homes have dried up in the last 3 weeks. Its like 2009 again no point putting your house on the market because there is nothing to move on to.

nubbins

Thus eventually creating the coiled spring effect, which happened 2013/2014

ukcarper

indianabones wrote: »

Well prices are going down in Birmingham. A lot quicker than in the past.

Some houses coming back on the market.

http://www.rightmove.co.uk/property-for-sale/property-54240598.html
http://www.rightmove.co.uk/property-for-sale/property-59969567.html
http://www.rightmove.co.uk/property-for-sale/property-59995349.html

Do you know what similar houses actually sold for prior to brexit.

zagubov

gfplux wrote: »

But surely most Brexiteers will want a hard border. That was one of the basic reasons to vote out.

Yes they may do.
Not totally SFW
:rotfl:

mystic_trev

One month after Britain voted to leave the EU, how are people in the UK feeling about it?

To get an idea, ComRes interviewed 1,000 UK adults by telephone between the 14th and 17th July 2016 for BBC Radio 5 live.

Amongst other findings, 61% of those asked did not think referendums should be used to make major decisions about Britain’s future.

http://www.bbc.co.uk/news/uk-36850680

Generali

mystic_trev wrote: »

http://www.bbc.co.uk/news/uk-36850680

We've apparently got a referendum coming up on gay marriage in Aus and TBH I'm dreading it. I can think of no better way to foment hatred against gay people.

In a representative Parliamentary system we vote for people to represent us and make decisions. If you stand under that system and aren't prepared to make a decision you're a bottler and should be kicked out.

indianabones

ukcarper wrote: »

Do you know what similar houses actually sold for prior to brexit.

Land Registry haven't updated sold prices since late March for anywhere in Birmingham, so difficult to say what figures were just before the vote to leave.


I've viewed property 1 and 2 on that list.

Property 1 was listed at 210k in an area where they were going for 190-195. It will go for even less. Another house on the property is on at 200k I wouldn't offer more than 180k for that and that's got more potential this one.

Property 2, what I can say is that the 3 bed semi in Great Barr would have gone for 170-172k. I reckon now it'll go for closer to 165k. People will know it's come back on, no way they'll be going in at asking price now. I didn't like the road, felt too congested.

Property 3, I have a viewing soon, I'll get an idea of the area and perhaps comment.

I'm no expert, I don't have figures. But I reckon in 1 month, we've seen a stagnation of house prices in Birmingham overall and in some areas like Great Barr it's coming down.

CLAPTON

mystic_trev wrote: »

http://www.bbc.co.uk/news/uk-36850680

what percentage felt that telephone polls shouldn't be used to determine people views on holding referendums?

indianabones

Here's another that's just come back on the market that I'd bookmarked.

http://www.rightmove.co.uk/property-for-sale/property-54445033.html

Honestly I've never seen so many come back on the market or being reduced in my favourited properties list. I've been looking for well over 18 months now and absolutely no question more sales are falling through than at any time in the last 18 months.