If we vote for Brexit what happens

ukcarper

indianabones wrote: »

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.

So you don't know what prices were before brexit. Just because they were on rightmove at a higher price it doesn't mean that's what they would have sold for. I not saying prices aren't falling but it's to early to tell.

Grenage

How on earth can you not find a house in 18 months of looking?

indianabones

Grenage wrote: »

How on earth can you not find a house in 18 months of looking?

Maybe because just about every vendor thinks their house is the most amazing thing in the world and not worth even a penny under the asking price.

I have found 3 properties I liked and I offered on. I made reasonable offers for them, but 2 of them are still on the market because the owners won't budge. One actually went to auction and went for less than I offered lol. I offered 195k and that wasn't enough, she took it to auction and it went for 192k.

Also, it's the biggest purchase I'm going to make in my life, I think I'm entitled to be picky.

Crashy_Time

http://www.thisismoney.co.uk/money/comment/article-3699739/Osborne-house-price-addiction-worse-Hammond-stop-it.html


The "Price Police" are all over the comments of course, but a sensible article nonetheless. Brexit is perfect cover to let UK property pop, letting banks lend more at safer multiples. Bloomberg yesterday had some discussion where they seemed to conclude that low rates for too long and PTB interference in markets have led to political effects like Trump and Brexit (which are bad results for "elites") Watch them try to tweak rates up in the near future.

Crashy_Time

indianabones wrote: »

Maybe because just about every vendor thinks their house is the most amazing thing in the world and not worth even a penny under the asking price.

I have found 3 properties I liked and I offered on. I made reasonable offers for them, but 2 of them are still on the market because the owners won't budge. One actually went to auction and went for less than I offered lol. I offered 195k and that wasn't enough, she took it to auction and it went for 192k.

Also, it's the biggest purchase I'm going to make in my life, I think I'm entitled to be picky.

Yep, that is what a decade+ of TV property brainwashing will do. That is set to change though as it begins to sink in that we are actually breaking away from the EU.

Penelope_Penguin

Grenage wrote: »

How on earth can you not find a house in 18 months of looking?

It took us over 3 years of looking We were picky cash buyers. Delighted with the property we bought

kabayiri

TrickyTree83 wrote: »

David Davis does have a point in that article which is at odds with the statements from the German manufacturer. There will be someone else somewhere in the rest of the world that makes complex dashboards to the same standard you would think, and if there isn't well then there's a business opportunity for someone in the developing world or even the UK to supply the UK market. That is a consequence of globalism, the tangled supply chain web he talks of is actually remarkably fluid (I develop statistical analysis software on supply chains as a job).

My Chinese manufacturing friend reckons we will see luxury autos coming out of China within the next decade; autos which are majority designed in China; not just an outsourced build.

I think it's an ambitious target, but I've been wrong before when it comes to their ambition.

We suffered initially from parts bin raiding and a lapse approach to component tolerances, with Chinese outsourcing. Is this something you have come across?

ukcarper

Crashy_Time wrote: »

http://www.thisismoney.co.uk/money/comment/article-3699739/Osborne-house-price-addiction-worse-Hammond-stop-it.html


The "Price Police" are all over the comments of course, but a sensible article nonetheless. Brexit is perfect cover to let UK property pop, letting banks lend more at safer multiples. Bloomberg yesterday had some discussion where they seemed to conclude that low rates for too long and PTB interference in markets have led to political effects like Trump and Brexit (which are bad results for "elites") Watch them try to tweak rates up in the near future.

What do you consider safer multiples.

TrickyTree83

kabayiri wrote: »

My Chinese manufacturing friend reckons we will see luxury autos coming out of China within the next decade; autos which are majority designed in China; not just an outsourced build.

I think it's an ambitious target, but I've been wrong before when it comes to their ambition.

We suffered initially from parts bin raiding and a lapse approach to component tolerances, with Chinese outsourcing. Is this something you have come across?

I'm afraid I don't have any experience in quality control. As a lay person on that topic I'd probably put forward that Chinese standards have increased in recent history. As long as the manufacturers quality control and inspectors are on top of the issue I wouldn't see any problem with sourcing more from China to supply our manufacturing base as the logistics chains with China have been in place for some time.

Grenage

Penelope_Penguin wrote: »

It took us over 3 years of looking We were picky cash buyers. Delighted with the property we bought

Damn, I thought we were slow at 4 months to find one! I feel much better now.