If we vote for Brexit what happens

AFF8879

I really don't understand why people would wish for a house price crash (a correction I can understand).

If house prices crash, given what would be required to cause that, I think people would have far more to worry about than affording (to buy) a house....

buglawton

Thrugelmir wrote: »

House sales have fallen in Scotland.

Didn't Scotland impose some kind of Stamp Duty supertax on high end properties? Copying a bad British/English idea then making it worse?

System

A housing market correction (not crash) would be very beneficial to the economy. Before you all kick off - think about it....

Crashy_Time

AFF8879 wrote: »

I really don't understand why people would wish for a house price crash (a correction I can understand).

If house prices crash, given what would be required to cause that, I think people would have far more to worry about than affording (to buy) a house....

What do you think would be required to cause it? In fact my thinking is - Are the conditions likely to be met that will cause it? - And with the way the EZ alone is going I think yes, the conditions could be met soon - discussing it or not discussing it won`t make any difference to the actual events.

Crashy_Time

glasgowdan wrote: »

This could simply mean the more expensive homes aren't being listed while owners decide to hold off and making it look like prices are down when they actually aren't. I've seen a marked drop in new listings of houses over 300k.

The value becomes real when you find someone to buy it, and you actually complete, not when you are sitting in your living room fantasizing that the house is worth slightly North of the highest ever achieved price for the area,.... five years ago.....:rotfl:That`s not how markets work. If your neighbour drops his/her price that is the new value of your house. Of course this principle worked in reverse on the way up, when people had wads of bankers credit to play with.

System

Forget about Brexit, we are coming to the end of a 8.6 year economic cycle (approx.), Investors work from this proven cycle in order to protect their capital. There will be bear market starting next year 2017 running into 2020. The bull market will start 2020 and will last roughly to 2024. The next crisis has already been given the name of sovereign debt crisis. At present, countries are just kicking the can down the road!

I recommend that you watch Bloomberg, its a great education.

The housing market will take a hit which is a good thing. Remember the housing market is just another asset at the end of the day. The economic cycle takes no prisoners.

Crashy_Time

mrlegend123 wrote: »

Forget about Brexit, we are coming to the end of a 8.6 year economic cycle (approx.), Investors work from this proven cycle in order to protect their capital. There will be bear market starting next year 2017 running into 2020. The bull market will start 2020 and will last roughly to 2024. The next crisis has already been given the name of sovereign debt crisis. At present, countries are just kicking the can down the road!

I recommend that you watch Bloomberg, its a great education.

The housing market will take a hit which is a good thing. Remember the housing market is just another asset at the end of the day. The economic cycle takes no prisoners.

Not so sure about Bloomberg, IMO it is just a cheerleading platform for the debt system that has loads of people talking their book and loads of others talking carp, they will be forced into the odd stimulating or bearish conversation now and again depending on the guests, but for the most part it just seems to be "Yay - markets up"......."Boo...markets down", VI claptrap really, or am I missing something?

peter_we

Bloomberg is an entire sub world of information that you won't get access to unless you pay the £1200 per month fee. Markets going up or down is irrelevant when you make money both ways., so no VI there.

Crashy_Time

peter_we wrote: »

Bloomberg is an entire sub world of information that you won't get access to unless you pay the £1200 per month fee. Markets going up or down is irrelevant when you make money both ways., so no VI there.

Not sure they have a monopoly on market information though?

buglawton

AFF8879 wrote: »

I really don't understand why people would wish for a house price crash (a correction I can understand).

If house prices crash, given what would be required to cause that, I think people would have far more to worry about than affording (to buy) a house....

What matters is whether you can afford the house you need in a given place and time. A healthy market means a decent proportion of people are finding and affording what they need.

Any kind of 'crash' is a signal that demand has sharply dropped, due to universal pessimism but much more likely because lenders have pulled in their horns. In other words, houses are just as hard to physically buy as before a crash.

Only one rare type of buyer benefits - someone who wants a home and is sitting on an unused cash pile. So I assume that those on this board who endlessly express a wish or expectation of a crash are that kind of person. Except of course they're not, in fact they're just wistfully hoping. HPCers rarely promote something big and radical being done about supply, as in 'lots of brand new housing capacity'. They just keep hoping for a special kind of crash where everyone except themselves finds it harder to buy.