We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

BREXIT - Good news for all those youngsters!

24567

Comments

  • studentguy
    studentguy Posts: 188 Forumite
    bigfreddiel wrote: »
    For all those youngsters out there blaming us oldies for voting leave, some good news for you all. As the REMAIN side forecast a 20% drop in house prices this your chance to get onto the housing market.

    Good luck to you all and welcome to the world of home ownership fj

    It's no good house prices being 20% cheaper if the lenders no longer want to lend mortgages to people, which may happen.
    Despite my name, I'm not a student any more
  • HiToAll
    HiToAll Posts: 1,297 Forumite
    vincent.waldorf wrote: »
    People who voted leave are uneducated [STRIKE]in economics and politics[/STRIKE]...

    Just corrected that for you.
  • indianabones
    indianabones Posts: 305 Forumite
    HiToAll wrote: »
    Just corrected that for you.

    52% of the votes cast were for leave. Are you saying 52% of the country are uneducated?
  • brit1234
    brit1234 Posts: 5,385 Forumite
    studentguy wrote: »
    It's no good house prices being 20% cheaper if the lenders no longer want to lend mortgages to people, which may happen.

    Only to the bad risk clients, which it should be. MMR was a breath of fresh air, forcing people to get their economic pocket money sorted. However it was short lived caused by cheap lending (funding for Lending, QE) and getting round MMR with the irresponsible help to by 5% deposit schemes and 35-40 year mortgages. MMR banned interest only on residential properties for the crazies to extend the mortgage lengths to get round this.

    I welcome a tightening of mortgage lending, it will promote a healthier housing market rather than a property bubble.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • surfer9
    surfer9 Posts: 120 Forumite
    Let's hope house prices drop 20%.

    It would be nice.
  • HiToAll
    HiToAll Posts: 1,297 Forumite
    indianabones wrote: »
    52% of the votes cast were for leave. Are you saying 52% of the country are uneducated?
    Not of the country, no.

    Just 52% of the 72% of those eligible to vote.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    surfer9 wrote: »
    Let's hope house prices drop 20%.

    It would be nice.

    Hopefully more in London as more overvalued.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • cashbackproblems
    cashbackproblems Posts: 1,826 Forumite
    I voted leave due to possible falls, however the falls have to come from something but that doesnt have to be job losses long term. Generally market uncertainty is what is making the market fall, how we now go about conducting business with the ROW will decidie the future economy, it could be better than what we have now and EU is doomed anyway with bailouts and more money needed for the likes of Greece and Portugal

    There is no doubt once growth and employment pick up in 5-10 years prices will increase as we still have a housing shortage
  • Lollylorry
    Lollylorry Posts: 1 Newbie
    Yes super, we've worked hard and saved for years, house prices have continued to rise and now they might plummet and send us into negative equity if the market crashes when we intially leave in 2 years. Yes, thank you very much, we're very grateful!
  • bsms1147
    bsms1147 Posts: 2,278 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    indianabones wrote: »
    52% of the votes cast were for leave. Are you saying 52% of the country are uneducated?
    By definition half of the country have below-average intelligence.

    ;)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture