If we vote for Brexit what happens

nubbins

Meanwhile in the real world 0.5% in June and 20% by 2021

http://www.thisismoney.co.uk/money/mortgageshome/article-3710968/Brexit-won-t-stop-house-prices-rising-aside-temporary-blip-London-says-think-tank.html

jimpix12

Aren't those asking prices and pre-Brexit? Let's wait until the July LR results at minimum before leasing another car off the expected house equity.

ukcarper

spunko2010 wrote: »

No! Of course not. Agents don't lie.

You guys are aware you're creating utter PANIC in the markets by repeatedly replying to this thread? All of us here know that everything is just dandy with the housing market, prices are up, Brexit is just a 6 letter word. I really think you need to stop worrying people unduly.

I wasn't talking about an estate agent I was talking about one of the UKs largest builders and you think they would lie about there sales figures on national TV I don't .

iantojones40

http://www.bbc.co.uk/news/business-36912193

more great news!
But, but, but I thought nobody is over leveraged and there are no debt junkies?
Quite astonishing figures given current I.R's... I'll say again just imagine the (deserved) trouble so many people would be in if they went up just 3-4%.

nubbins

This bit is particularly interesting from Nationwide....

"Even if there is a fall back in demand as a result of economic uncertainty, the impact on house prices is not certain, as potential sellers may also hold off from placing their
properties on the market. The stock of homes on estate agents’ books is already close to its lowest levels for thirty years, and surveyors have reported a decline in new instructions to sell alongside a fall in buyer enquiries"

jimpix12

There is definitely a massive drop in supply since the referendum in my area. I know that's a dirty word on this subforum with a few of the rampers, but it's what I'm seeing.

I can see a lot of sellers getting angry that nobody is buying their overpriced sh-thole, and withdrawing it entirely from the market, and waiting it out as they're so used to house price inflation they cannot possibly envisage a time when prices fall. We're seeing a few of them coming on here already.

They'll lose out big time I suspect, but I might be wrong. Waiting for inflation (2%) to catch up with HPI inflation (15%?) is going to take a lifetime. Their beloved sh-thole would have to be prized out of their cold, dead hands before they sell it "for less than its worth". You can see plenty of such people on here.

DRP

iantojones40 wrote: »

http://www.bbc.co.uk/news/business-36912193

more great news!
But, but, but I thought nobody is over leveraged and there are no debt junkies?
Quite astonishing figures given current I.R's... I'll say again just imagine the (deserved) trouble so many people would be in if they went up just 3-4%.

That's nice of you!

Isn't there a dedicated forum for theorising on house price trends??
edit: not just aimed at iantojones

mayonnaise

This chart is easy to interpret: It says we're screwed

It shows that 80% of CFOs think they will not be hiring in the next year and will not increase capital expenditure over the same period.

They are turning off the money taps, in other words.

http://uk.businessinsider.com/deloitte-cfo-survey-on-hiring-and-capex-in-brexit-recession-2016-7

iantojones40

DRP wrote: »

That's nice of you!

Isn't there a dedicated forum for theorising on house price trends??
edit: not just aimed at iantojones

So are you of the opinion that fe ckless financially irresponsible idiots who live beyond their means should be continously bailed out at the expense of prudent, sensible people?

Yes there is a dedicated forum but do you only have an issue with posters on this thread who express an opinion that rampant hpi and 0.5% I.R's isn't necessarily a great thing?

indianabones

spunko2010 wrote: »

There is definitely a massive drop in supply since the referendum in my area.

I can see a lot of sellers getting angry that nobody is buying their overpriced sh-thole, and withdrawing it entirely from the market, and waiting it out as they're so used to house price inflation they cannot possibly envisage a time when prices fall. We're seeing a few of them coming on here already.

Same, my search area is huge and 4/5 houses come on a day when there were double that a year ago. No one can honestly come here and dispute that with us.

As for the sellers taking it off the market, the ones doing that will find themselves in a worse situation than they would have been if they had kept it on the market but dropped the asking price.