Buy now or hold after Brexit?

Crashy_Time

51mm5 wrote: »

If you're so good at predictions, when can we expect the crash of house prices? I've asked you on many occasions for some reason you never respond

You should know that economics doesn`t work like that, it takes a long time for change to feed through the system, but basically everything I have predicted - falling transaction rates, rising interest rates (US first out of the gate) political/economic upheaval in the EZ, more tax on BTL/2nd/empty homes, voters turning against high house prices etc.etc. have come to pass, asking when prices will crash is like asking when the last dinosaur will die so we can officially call them extinct as the sun is blotted out by a giant ash cloud. A smarter question would be - what else can be done to prevent a crash?

_CC_

Crashy_Time wrote: »

You should know that economics doesn`t work like that, it takes a long time for change to feed through the system, but basically everything I have predicted - falling transaction rates, rising interest rates (US first out of the gate) political/economic upheaval in the EZ, more tax on BTL/2nd/empty homes, voters turning against high house prices etc.etc. have come to pass, asking when prices will crash is like asking when the last dinosaur will die so we can officially call them extinct as the sun is blotted out by a giant ash cloud. A smarter question would be - what else can be done to prevent a crash?

If you were that good at predicting economic and political outcomes I'd expect you'd be writing that post from your yacht in the Med, maybe enjoying some caviare and the company of a beautiful lady.

Instead you're a single 50+ man in a bedsit eating Pot Noddles.

Got to love the internet.

Crashy_Time

_CC_ wrote: »

If you were that good at predicting economic and political outcomes I'd expect you'd be writing that post from your yacht in the Med, maybe enjoying some caviare and the company of a beautiful lady.

Instead you're a single 50+ man in a bedsit eating Pot Noddles.

Got to love the internet.

I believe it is Pot Noodles, two O`s.

51mm5

Crashy_Time wrote: »

You should know that economics doesn`t work like that, it takes a long time for change to feed through the system, but basically everything I have predicted - falling transaction rates, rising interest rates (US first out of the gate) political/economic upheaval in the EZ, more tax on BTL/2nd/empty homes, voters turning against high house prices etc.etc. have come to pass, asking when prices will crash is like asking when the last dinosaur will die so we can officially call them extinct as the sun is blotted out by a giant ash cloud. A smarter question would be - what else can be done to prevent a crash?

I don't see that you predicted any of that other than house price falls. Anyone can say they predicted something. Without the evidence it's meaningless. Glad to see you finally concede prices may not fall for a while though.

Crashy_Time

51mm5 wrote: »

I don't see that you predicted any of that other than house price falls. Anyone can say they predicted something. Without the evidence it's meaningless. Glad to see you finally concede prices may not fall for a while though.

As I think I asked you before, what use are high prices to anyone now, half the country can`t buy and many of those who did can`t sell. Who do you think benefits from this?

Crashy_Time

51mm5 wrote: »

If you're so good at predictions, when can we expect the crash of house prices? I've asked you on many occasions for some reason you never respond

I have said many times, when interest rates are forced up, the main driver being a disintegration of the EZ. Another driver could be a proper recession, also firmly standing in the wings now.