House Prices Up....

cells

Crashy_Time wrote: »

The solution is less people, and that is the outcome the electorate are moving towards.

Its a possibility that I hope wont happen.

What if the UK says no migration from the EU and is also tough on migration from elsewhere. What if at the same time the EU takes a more sane view point and continues to let brits have free movement into the EU if they want it

We could well go from +500,000 population per year towards -250,000 a year. That would be an economic disaster and also a disaster for home owners.

Its a risk factor but at the moment I feel its a low risk factor. I think the uk will continue to see positive net migration as the existing migrants bring women over via marriages (for each woman that arrives you add ~5 people to the UK population in due course)

p1212

MobileSaver wrote: »

I keep forgetting you are a financial expert; you have been educating us all on "sentiment" for more than two years now... can you remind everyone again how house house prices have fared over the last two years?

Its too early to open the champagne, 2 years is nothing compared to a lifetime and things can take a turn very fast...

Crashy_Time

MobileSaver wrote: »

I keep forgetting you are a financial expert; you have been educating us all on "sentiment" for more than two years now... can you remind everyone again how house house prices have fared over the last two years?

I believe less people have been able to sell their house. Am I correct?

Crashy_Time

cells wrote: »

Its a possibility that I hope wont happen.

What if the UK says no migration from the EU and is also tough on migration from elsewhere. What if at the same time the EU takes a more sane view point and continues to let brits have free movement into the EU if they want it

We could well go from +500,000 population per year towards -250,000 a year. That would be an economic disaster and also a disaster for home owners.

Its a risk factor but at the moment I feel its a low risk factor. I think the uk will continue to see positive net migration as the existing migrants bring women over via marriages (for each woman that arrives you add ~5 people to the UK population in due course)

Not sure why a home owner should care one way or the other? Less people means less crime/congestion/competition for jobs etc. all the better environment to sit in your fully owned home and watch Jeremy Kyle.

economic

Crashy_Time wrote: »

I believe less people have been able to sell their house. Am I correct?

You make me laugh hahahahahaha

MobileSaver

MobileSaver wrote: »

can you remind everyone again how house house prices have fared over the last two years?

Crashy_Time wrote: »

I believe less people have been able to sell their house. Am I correct?

That wasn't the question... Sadly there is now no hope for you, you have been well and truly brainwashed by the HPC has-beens; when all the data irrefutably confirms that there isn't and hasn't been a price crash simply ignore the fact and talk about sentiment and volumes instead.

For the record, RICS reports "a fall in new instructions to sell"; that is owners choosing not to sell rather than being unable to sell. I know that's another simple fact that doesn't fit your agenda but it is what it is.

Regardless, yes, volumes are lower now than two years ago... so with that in mind and all the "sentiment" you've been talking about, can you remind everyone again how house prices have fared over the last two years?

MobileSaver

p1212 wrote: »

Its too early to open the champagne, 2 years is nothing compared to a lifetime and things can take a turn very fast...

Crashy has been out of the property market for around 18 years now... is that still too early to open the champagne? (In his case it would be to drown his sorrows of course.)

economic

Are p1212 and crashy brothers?

economic

p1212 and crashy - another explanation that i hope wil make you realise how badly you have been hit by being renters is as follows:

i live and reside in a 2 bed flat. i let out the spare room. my total rent i dont have to pay is £1600 pcm. this is conservative. interest on my mortgage is around 4.6k pa. on a return on investment, this amounts to around 4.1% a year TAX FREE. please tell me where i can achieve 4.1% a year tax free?

thanks

cells

Crashy_Time wrote: »

Not sure why a home owner should care one way or the other? Less people means less crime/congestion/competition for jobs etc. all the better environment to sit in your fully owned home and watch Jeremy Kyle.

We would all be screwed if the UK went from its recent past to a new norm of -250k people per year.

Less people won't mean less crime on the individual as the crime rate per capita isn't going to fall nor will it mean less competition for jobs as the number of jobs will also reduced.

A new norm of -250k would screw everyone as the tax base shrinks more rapidly than those who need to take out especially if the -750k swing is a result of the younger working age group of 20-40 year olds not coming or leaving.

House prices would be cheaper in due course so you can celebrate being correct after 30 years but when they cut your pension by 30% in real terms you might not be so happy