If we vote for Brexit what happens

ukcarper

saverbuyer wrote: »

It definitely helped it along. But like all bubbles it was going to burst eventually. London and the SE have probably moved to or past where NI was in 2007.

There is shortage of property in London and the SE so although prices might fall I'd be surprised if they will fall anything like NI.

buglawton

setmefree2 wrote: »

https://www.rt.com/uk/353908-may-immigration-eastern-europe/

Don't forget it's not cheap to keep people in prison - costs more than sending a kid to Eaton!

Quoting Russia Today? Getting a bit desperate.

System

what did NI fall?

ukcarper

mrlegend123 wrote: »

what did NI fall?

Over 40% I think

DollarSaver

Sapphire wrote: »

I don't know about that. I believe that very many people do want immigration to be controlled (not stopped altogether), and for proper border controls to be established. Indeed, one of the key arguments by the Brexit campaign was that immigration should be controlled, and that an Australian points-style system be introduced. I think that sounds sensible, especially given the circumstances.

Additionally, I think the question of sovereignty is important to many people, and there are others who are genuinely spooked by certain things relevant to the EU…

Sovereignty, what is that ? It is large scale business, banking and weapons industry that run the show of UK PLC. You could argue that if the largely incompetent conservative government are allowed to "take back control" to coin a completely meaning less term (Chinese assisted nuclear power facility anyone ?) that things would be much worse than they are. And maybe we include Labour in that as well.

As long as laws are sensible and not all are I don't care who makes them. You could argue that the population could be more easily manipulated with a smaller group of people making the decisions than a larger amount of people. We are not Great anymore. What was great meaning exactly. Great at enslaving people ? Great at butchering people ? Great at exploiting resources ? Those days are over, thank god for all.

We are just a small country trying to survive in a very complex world which is changing fast. The future is very uncertain, even more so now.

The sooner we lose the "We're better than anyone else" attitude the better. What is that all about. It is nonsense, we are all human beings.

CLAPTON

DollarSaver wrote: »

As long as laws are sensible and not all are I don't care who makes them.

if the laws weren't sensible, would you wish to change them?
within europe then virtually impossible :

DRP

mrlegend123 wrote: »

https://uk.finance.yahoo.com/news/evidence-mounting-britain-plunging-towards-094200351.html

https://uk.finance.yahoo.com/news/youre-leave-voter-youre-exactly-095200848.html

https://uk.finance.yahoo.com/news/3-devastating-charts-show-brexit-090000645.html

No good news for owners or would-be purchasers there...

Crashy_Time

ukcarper wrote: »

Doesn't matter I own it so will not have to pay rent, why would I rent it I would have to rent somewhere myself, don't fancy a tiny float. You really don't get it do you

But it does matter doesn`t it, you fear large % drops in the value of your house more than almost anything else? My rent won`t go up in a house price crash, and I have plenty of money so don`t mind keeping a landlord or two in business, most if not all of them have been great actually.

chucknorris

saverbuyer wrote: »

Crashes do happen in the UK. Houses don't always go up in price. Sometime they fall. Spectacularly.

Of course crashes happen, only a fool would say that property prices always go up (or down), but here is the bit that I can't understand why others don't seem to comprehend:

House prices will occasionally correct, when they had previously been rising when the economy hits hard times. BUT when the economy recovers house prices will recover too.

It is almost as if some people aren't capable of seeing beyond the immediate situation that the economy is in, when prices are rising, they think it will last forever, and when they fall, they seem to think that's it 'game changer', but all it is, is a natural cycle.

Of course that is talking about nominal prices, 'real term' prices could be a different story, personally I think London prices might have reached an all time 'real term' high. In which case one might wonder why I haven't sold up, I have seriously thought about it. But the problem is where to put the equity? When house prices crash most other things will also crash too, you just can't escape that fact. Therefore I think it is better to forget focusing on capital values, and look at the income. This is why I will probably be selling in the next few years, because although shares are just as likely to fall as property, they are becoming more tax efficient than property (after the newly introduced property tax changes have been fully implemented). If London prices fall, which they may do, I will just wait a bit longer before eventually selling.

But I am of course talking about property investment, rather than buying your own home, I think buying your own home is a simple 'no brainer' (over the long run, unless lifestyle doesn't suit, something like working away on short contracts etc.). One thing that we do intend to do, is seriously upsize our home. We want to do this anyway, but as an aside, this would offset the effect of a small house price correction for us.

EDIT: There is an argument of course to get out of property now, before things change, and take a short term hit of lower income, right now I am considering that. The trouble with that is that I see prices dipping in the short term, due to Brexit.

ukcarper

Crashy_Time wrote: »

But it does matter doesn`t it, you fear large % drops in the value of your house more than almost anything else? My rent won`t go up in a house price crash, and I have plenty of money so don`t mind keeping a landlord or two in business, most if not all of them have been great actually.

For the vast majority it doesn't matter this what you don't seem to understand. Why would it matter I live rent free, I've paid less in mortgage payments than rent over my lifetime. i have sympathy for people who can't afford to buy and think it would be better if prices were lower but have no sympathy for people who try to time market .