BREXIT - vote leave for lower house prices

Wassa123

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 sure, lets all pay attention to the Economics and Business Research experts, but ignore the IMF and others that state we'll be bettee off in!

A fall in house prices is good for FTBs, but on the other end of the scale, bad for people selling at the end of the chain. Whether it's pensioners freeing up equity to live on or people selling their inherited parental home after a death to use to pay off their own mortgage or help our their FTB children. People in negative equity may decide not to sell and will 'ride out the fall' for a few years. It affects everyone in some way.

But realistically, £2k is a tiny amount when compared to the cost of a house, solicitor fees and mortgage fees, and ~25 years of interest payments.

brit1234

I'm pro EU but David Cameroon and the IMF saying house prices will fall if we leave is tempting me to vote leave.

Prices are falling at the moment rippling out of central London but bigger quicker falls is very seductive. I just don't agree with pretty much every thing vote leave says.

I guess they are trying to scare the older generation who own lots of property and more likely to vote and also vote leave. However they are accidentally tempting the younger generations to vote out who normally would vote stay.

mrginge

Sorry to disappoint you all, but nowhere do the cebr say that house prices will fall.

clint_S

If you read all the reports by the experts it looks not much would really change for the average person.


If you go by the headlines, Voting In means you support Hitler, voting out means you support Isis.

Miss_Samantha

OP still does not seem to understand the overall picture.

As an analogy (I am exaggerating on purpose to make the point clear) it is like reading a report claiming that a World War would eradicate unemployment and so hoping for war.

lr1277

House prices may fall, but I don't know by how much.

If we vote for Brexit, Mark Carney tells us:
1) the pound will get weaker
2) we import inflation

From there:
3) Interest rates will go up
4) So mortgage rates will go up, probably.

So mortgages will cost more and borrowers may be able to borrow less.
So yes house prices could go down.

One possible way forward.

[Deleted User]

£2,000 is hardly going to help everyone get on the ladder.

masterwilde

lr1277 wrote: »

House prices may fall, but I don't know by how much.

If we vote for Brexit, Mark Carney tells us:
1) the pound will get weaker
2) we import inflation

From there:
3) Interest rates will go up
4) So mortgage rates will go up, probably.

So mortgages will cost more and borrowers may be able to borrow less.
So yes house prices could go down.

One possible way forward.

The £ getting weaker will work both ways for Uk economy, depends on which side of import export business you are sitting on.

import inflation, thats a joke.

Miss_Samantha

masterwilde wrote: »

import inflation, thats a joke.

No.

If the Pound weakens inflation will be created because all the goods on services we important will become more expensive.
That's what he means.

masterwilde

so the bananas get more expensive from India? i dont think so, same for millions of products. the government claim everything in everyday life will be more expensive its a complete joke.

a percentage of products will be more expensive by about ???? but bear in mind that the weakening pound since 2008 has made things more expensive by ????

see my point