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About to buy first home - how will EU result affect us?
Comments
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Shares in the big house builders are down 25% so that gives you some kind of indication of what the market thinks is going to happen to house prices. I think you would be mad to exchange at pre-Brexit prices - it would seem much safer wait a couple of months to see how this all pans out...
Shares in everything are down. However if the builders can't make any money due to a drop in house prices they will stop building and then what happens?0 -
iantojones40 wrote: »Just had a message from an ea friend, their phones have been ringing non-stop all morning with buyers withdrawing or reducing offers.
On what basis?
The sun is still shining, my flat hasn't collapsed this morning and i'm still going out for dinner tonight at my favourite French restaurant.
Some people really need to get a reality check and change their mindset. It's done. Get over it.0 -
On what basis?
The sun is still shining, my flat hasn't collapsed this morning and i'm still going out for dinner tonight at my favourite French restaurant.
Some people really need to get a reality check and change their mindset. It's done. Get over it.
On the basis that job losses are happening as we speak, job uncertainty, potential rate increases and uncertain years ahead. The reality check is needed by people expecting pre-March prices in the current environment.
I certainly will be reducing offers to account for the situation.0 -
cashbackproblems wrote: »On the basis that job losses are happening as we speak, job uncertainty, potential rate increases and uncertain years ahead. The reality check is needed by people expecting pre-March prices in the current environment.
I certainly will be reducing offers to account for the situation.
Exactly.
Uncertainty is a killer for confidence. And house-buying is a nervy thing at the best of times.0 -
iantojones40 wrote: »Just had a message from an ea friend, their phones have been ringing non-stop all morning with buyers withdrawing or reducing offers.
Same my partner is an EA and they had 2 people pull out before she got into the office!
It is expected, the economic situation has changed and even she secretly knows sellers are not going to get anywhere near current asking prices. But still EA's like her will say prices will be x higher by 2017 don't fall for it0 -
On what basis?
The sun is still shining, my flat hasn't collapsed this morning and i'm still going out for dinner tonight at my favourite French restaurant.
Some people really need to get a reality check and change their mindset. It's done. Get over it.
It is done, but no one knows the implications - short or long term.0 -
Exactly.
Uncertainty is a killer for confidence. And house-buying is a nervy thing at the best of times.
No one is going to take on such a large debt with so much restructuring about to be happening over the next 5 years and house prices will fall accordingly, its market forces at play
Morgan Stanley this morning announced 2000 job losses to Frankfurt and this is the tip of the Iceberg
It will imo allow other industries over time to flourish but for now most of us will struggle
Just today my S+S ISA/Pension is down 10k. Barclays 20%, Aviva 18% down etc etc.0 -
cashbackproblems wrote: »On the basis that job losses are happening as we speak, job uncertainty, potential rate increases and uncertain years ahead. The reality check is needed by people expecting pre-March prices in the current environment.
I certainly will be reducing offers to account for the situation.
As i always the way?
Record low interest and inflation rates where did you expect prices to go regardless of the result?
It's an absolute fallacy to suggest that would be down to the EU vote.0 -
As i always the way?
Record low interest and inflation rates where did you expect prices to go regardless of the result?
It's an absolute fallacy to suggest that would be down to the EU vote.
Its totally absurd to think its not! Are you blinded by the impact the vote has had on the country, markets and business?
Or are you a seller relying on a silly offer...in which case you are 6 months too late0 -
cashbackproblems wrote: »
Morgan Stanley this morning announced 2000 job losses to Frankfurt and this is the tip of the Iceberg
I don't think Boris himself could have made a better case for leaving if he tried......0
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