Dodgy threads on here

kinger101

This has been widely reported in the newspapers. And if you look at the share values from construction companies and estate agents, you can see they've been hit badly.

It's difficult to know how this will affect property prices, interest rates, or the availability of credit, and I know I'd be thinking about pulling out of any property transactions too.

jay213

What about all the people that are running around posting everything is as good as it was last Wednesday? I imagine if what you say could be true... it could be true for both sides, who each have their own agendas at heart.

brit1234

I really don't think they are fake threads. Remember back to the stamp duty changes which caused lots of people to pull out at the high end of the market or second homes. There were tones of threads on that and the Brexit is a far bigger issue.

Tonight while I was watching football with friends, some European main landers there was panic. My European friends didn't know what was happening to them, others in business were saying they spent the day trying to do contingency planning but had no information, timeline to plan that.

The whole country is in mass confusion, both main political parties are in turnmoil. No one has a plan for which model we will follow, if there will be a new election or some legal challenge.

Markets like certainty, we have none and we don't know when we will get some.

https://www.youtube.com/watch?v=O3ZOKDmorj0

kinger101

jay213 wrote: »

What about all the people that are running around posting everything is as good as it was last Wednesday? I imagine if what you say could be true... it could be true for both sides, who each have their own agendas at heart.

Like that blonde haired prat who was telling us Sterling was now stable this morning.

Money_saving_maniac

kinger101 wrote: »

This has been widely reported in the newspapers. And if you look at the share values from construction companies and estate agents, you can see they've been hit badly.

It's difficult to know how this will affect property prices, interest rates, or the availability of credit, and I know I'd be thinking about pulling out of any property transactions too.

Well I certainly wouldn't be seeing any property as an investment right now, just as somewhere to live and it depends how the numbers stack up for each individual.
I certainly would not be putting a huge mortgage round my neck.
I've revised our budget sharply downwards in the light of Friday.

martindow

theartfullodger wrote: »

The three horsemen of the apocalypse were seen entering Foxton's head office.

That would be a silver lining ...

iantojones40

There are probably just as many, if not more, dodgy posters on here who are giving out bad advice urging people to still buy regardless of what could lie ahead... all in a desperate attempt to talk up the market because they're so concerned about their own over-leveraged situation and the potential negative equity that they could be facing.

TrickyTree83

kilby_007 wrote: »

Today my Rightmove updates have been unusually busy for a Monday, when traditionally EAs are taking bookings/offers from over the weekend and you don't see that many properties being advertised. Usually I'd see about 5 in my search area. Today there were 11 - 4 of those were properties I was previously monitoring that had sold in May/June and come back to the market. 3 of them were reductions, and a couple of the others look familiar to me too.

I personally think there's probably been a couple of lunatics posting but the majority of posts actually reflect what's happening out there...

I'd put it to everyone on here that because the chancellor suggested house prices might fall by 20% that some buyers who were SSTC are trying their luck with a reduced offer and being told to !!!!!! off. Subsequently new buyers will be coming around the corner to purchase what the chancers didn't.

Everyone loves a bargain! And yet they forget that there is STILL a shortage of housing and that the likelyhood is those from the EU that want to come to the UK will do so now before article 50 is concluded.

googler

This forum, or specifically, this sub-forum within the whole forum, is likely seen by a miniscule portion of the UK population, and a smattering of folks from abroad.

Complaining about a nefarious plot by intruders from another forum to infiltrate it comes across as overly paranoid, and as an over-inflation of the effect such infiltration could have.

BJV

I am just buying a building to use as mixed residential and office space. It is a long term investment so I am genuinely not worried. I think we got a good price so long term 100% the right investment to make. We also completed on a property purchase in May. Again even thought the housing market may take a short dip, not surprised as people are waiting to see what happens long term still very happy. I have to say though after seeing posts stating that people where pulling out and even looking for ways to walk away after exchange my heart goes out to the people in the stuck in the middle. Moving is stressful enough without worrying about that.