Thinking of selling up but what about Brexit?

buggy_boy

Crashy_Time wrote: »

Maybe less homes are needed, see my link above.

There's logic for you.... Who knew, we don't need more houses, im sorry crashy what country are you living in, There are no empty houses in my area, and lots of larger houses have been changed into HMO's and flats to meet demand.

buggy_boy

jeanzbeanz wrote: »

Argh, returned to this forum after a year and horrified to see that Crashy Time is still spewing rubbish all over every vaguely relevant thread he can find...! WHAT SORT OF A UNFULFILLING LIFE DOES THIS PERSON LEAD SO THAT THEY FEEL THE NEED TO BE A PROPHET OF DOOM 24/7???

OP, anyone who says they can predict the future is lying to you I personally don't think Brexit will make much (if any) difference to house prices. (and I've put my money where my mouth is, having bought a £710k house and about to borrow £200k to renovate it)
I suggest you do what's best personally for you right now, but in all honesty a house is a pretty safe investment. If you need to generate capital, what about borrowing against your property? Interest rates are so low at the moment!

+1 for this advice, just make sure you can afford any borrowing you take if rates rise.

PhilE

No one knows what Brexit will do. Probably not much.

In terms of selling and moving into a rental, this will cause you to lose money in rent and lose out on any rise to the price of your current property.

Consider renting your property, and then renting something cheap for yourself.

Crashy_Time

jeanzbeanz wrote: »

Argh, returned to this forum after a year and horrified to see that Crashy Time is still spewing rubbish all over every vaguely relevant thread he can find...! WHAT SORT OF A UNFULFILLING LIFE DOES THIS PERSON LEAD SO THAT THEY FEEL THE NEED TO BE A PROPHET OF DOOM 24/7???

OP, anyone who says they can predict the future is lying to you I personally don't think Brexit will make much (if any) difference to house prices. (and I've put my money where my mouth is, having bought a £710k house and about to borrow £200k to renovate it)
I suggest you do what's best personally for you right now, but in all honesty a house is a pretty safe investment. If you need to generate capital, what about borrowing against your property? Interest rates are so low at the moment!

If your life is so fulfilling why would you even care, and go to the trouble of posting? You remind me of the poster who at regular intervals tells the forum that he has me on ignore, absolutely no way he will be bothered reading anything I write, then a few days later he is trolling everything I post :rotfl: The reason, he is a member of the PRICE POLICE, and doesn't like any talk of falling house prices at all You are obviously heavily invested (literally and emotionally) in prices staying high, and your last bit of advice is one of the worst I have seen in a while, on any forum.

Crashy_Time

buggy_boy wrote: »

+1 for this advice, just make sure you can afford any borrowing you take if rates rise.

Buffett speaks :rotfl: :money: Take note.

buggy_boy

Crashy_Time wrote: »

If your life is so fulfilling why would you even care, and go to the trouble of posting? You remind me of the poster who at regular intervals tells the forum that he has me on ignore, absolutely no way he will be bothered reading anything I write, then a few days later he is trolling everything I post :rotfl: The reason, he is a member of the PRICE POLICE, and doesn't like any talk of falling house prices at all You are obviously heavily invested (literally and emotionally) in prices staying high, and your last bit of advice is one of the worst I have seen in a while, on any forum.

Another conspiracy story, wow your full of them... You have a very short memory, ive told you my position, I would love prices to drop...

Crashy, go onto housepricecrash, you can go back to around 2004, people were saying the exact same things you have been saying for years... Crash of 40% coming, people denying it, they are idiots etc etc... Really you should check it out...

Crashy_Time

buggy_boy wrote: »

Another conspiracy story, wow your full of them... You have a very short memory, ive told you my position, I would love prices to drop...

Crashy, go onto housepricecrash, you can go back to around 2004, people were saying the exact same things you have been saying for years... Crash of 40% coming, people denying it, they are idiots etc etc... Really you should check it out...

HPC were right on the subprime crisis, wrong on the lengths the PTB would go to in propping up the financial system, but right that the problems wouldn`t go away, and right that political upheaval would be a consequence of the 1% trying to save their casino. Doesn`t matter how much you talk about the HPC website and what it was saying in 2004, someone right now with a large mortgage debt is still not in a very comfortable financial position

buggy_boy

Crashy_Time wrote: »

HPC were right on the subprime crisis, wrong on the lengths the PTB would go to in propping up the financial system, but right that the problems wouldn`t go away, and right that political upheaval would be a consequence of the 1% trying to save their casino. Doesn`t matter how much you talk about the HPC website and what it was saying in 2004, someone right now with a large mortgage debt is still not in a very comfortable financial position

HPC as per the name are a bunch of people looking for a crash, they did not predict the subprime market until it was basically apon us, all they predicted was a catastrophic 40-50% house price drop, that did not happen and then they spend years saying they were right but government stopped it..... However you look at it though it didnt happen. A correction is possible, a crash of 40-50% is highly unlikely.

What you fail to grasp is those with a large mortgage, most had that mortgage pre-crash and the sensible of those have used the low interest rates to pay down that debt. When rates finally return to a more average level yes there will be a few that have over borrowed but I think you overestimate how many that will be..

Crashy_Time

buggy_boy wrote: »

HPC as per the name are a bunch of people looking for a crash, they did not predict the subprime market until it was basically apon us, all they predicted was a catastrophic 40-50% house price drop, that did not happen and then they spend years saying they were right but government stopped it..... However you look at it though it didnt happen. A correction is possible, a crash of 40-50% is highly unlikely.

What you fail to grasp is those with a large mortgage, most had that mortgage pre-crash and the sensible of those have used the low interest rates to pay down that debt. When rates finally return to a more average level yes there will be a few that have over borrowed but I think you overestimate how many that will be..

So house prices must be down from 2007 if people have smaller mortgages now, is that what you are telling us? Or do you mean less people have a mortgage because there are less buyers?

buggy_boy

Crashy_Time wrote: »

So house prices must be down from 2007 if people have smaller mortgages now, is that what you are telling us? Or do you mean less people have a mortgage because there are less buyers?

If you buy a house and that house increases it does not mean you borrow more. if you pay off some of that mortgage because the rates reduce then yes someone can have a smaller mortgage... That has nothing to do with prices...