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BREXIT - vote leave for lower house prices

bigfreddiel
bigfreddiel Posts: 4,263 Forumite
in House buying, renting & selling
It's official, it was announced that house prices will be at least £2,000 lower if we exit the EU.

So a vote for leave means getting on the property ladder will be easier!

On that good news good house hunting fj
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Comments

  • Miss_Samantha
    Miss_Samantha Posts: 1,197 Forumite
    :rotfl::rotfl:

    You clearly haven't understood anything of what that meant...
  • gregsayer
    gregsayer Posts: 132 Forumite
    Vote (delete as appropriate) LEAVE / STAY for golden unicorns, pots of gold and the rest of the random offerings.
  • Penelope_Penguin
    Penelope_Penguin Posts: 17,225 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker I've been Money Tipped!
    bigfreddiel wrote: »
    It's official, it was announced that house prices will be at least £2,000 lower if we exit the EU.

    How's that going to work, then? On June 24 (assuming the vote is for Brexit) will all the Estate Agents have to discount each property on their books by by £2000?

    Have you thought this through :cool:
    :rudolf: Sheep, pigs, hens and bees on our Teesdale smallholding :rudolf:
  • bobbymotors
    bobbymotors Posts: 746 Forumite
    It will make very little difference either way. Unlike many modern countries we are short of space, they aren't making any more ground, loads of people want to live here, and money is cheap.

    So over time it will only go one way and that is up. Yes there will be dips and stagnation occasionally, but over a 10 year period its up all the way.
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    Penelope_Penguin wrote: »
    How's that going to work, then? On June 24 (assuming the vote is for Brexit) will all the Estate Agents have to discount each property on their books by by £2000?

    Have you thought this through :cool:

    It's not me that predicts this, it's The Centre for Economics and Business Research. Take it up with them.

    And what is so wrong with a fall in house prices to help all those youngsters out there?

    Cheers fj
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    Miss_Samantha wrote: »
    :rotfl::rotfl:

    You clearly haven't understood anything of what that meant...

    Read my response above, it's not me predicting this.
    fj
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    gregsayer wrote: »
    Vote (delete as appropriate) LEAVE / STAY for golden unicorns, pots of gold and the rest of the random offerings.

    Definitely vote leave, of course other options are available. fj
  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I'd imagine your post-brexit 2 grand will be somewhat offset by lack of available mortgages as banks and the economy tanks into recession...
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    DRP wrote: »
    I'd imagine your post-brexit 2 grand will be somewhat offset by lack of available mortgages as banks and the economy tanks into recession...

    You beat me to it. I was going to say that if house prices drop nationally, there will have to be some bad economic news to precede such a fall.

    But surely, the decision ought to be based on much longer term objectives.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    bigfreddiel wrote: »
    It's not me that predicts this, it's The Centre for Economics and Business Research. Take it up with them.

    And what is so wrong with a fall in house prices to help all those youngsters out there?

    Cheers fj

    Oh, i thought you were being ironic? Well, I'd agree with the analysis but not the cause, any the fall will be caused not by fewer immigrants but by the economy crashing and putting lots of people out of jobs. And jobs drive house prices. So no it wont help all those youngsters.
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