Brexit the economy and house prices part 6

gfplux

We appear to have reached the max page count 299 in part 5, so Here we are with part six.

House prices in London year on year are down. Is this a result for the Brexiters? Is it good enough or would a full blown recession after Brexit force house prices further down?

cogito

Yawn. Rising house prices are good for owners. Falling prices are good for buyers. Neither of which is anything to do with Brexit.

Ballard

Do we need another thread?

Malthusian

cogito wrote: »

Yawn. Rising house prices are good for owners.

Only those who are in their "forever home" and don't plan to buy a bigger / more expensive one at any point.

I own a home but I want house prices to fall because at some point I may want a bigger one and a general house price fall means I need less cash to plug the gap. Obviously once that's happened they can go to the moon.

If on the other hand a need for a bigger house never arises, I will probably stay where I am forever and won't care whether they rise or fall.

vivatifosi

Ballard wrote: »

Do we need another thread?

It used to be the case that threads were locked when they reached c10000 posts, which is why the NPT closes and starts a new thread approx that often.


Nevertheless, there are several very long threads, such as the Look! Thread about weird houses in the house buying and selling forum.


It's probably not a bad idea though, particularly as a lot of time and effort has been invested in it, it would be a shame if deleted.



Would it be possible to put up a link to the previous threads, so if anyone wants to refer back, there's a list of links on the first page?

PokerPlayer111

Just bought a house 100% cash after years and years of renting. Only care about prices a little but just wanted most control possible where i live which owning gives and now have another asset as a bonus.

If renting changes for the better dramatically i would consider renting again but there are a few issues with it for now.

mrginge

New thread but the posts will be just the same as #1-5
Think it!!!8217;s an appropriate time to just duck out of this now.

davidwood681

Malthusian wrote: »

Only those who are in their "forever home" and don't plan to buy a bigger / more expensive one at any point.

I own a home but I want house prices to fall because at some point I may want a bigger one and a general house price fall means I need less cash to plug the gap. Obviously once that's happened they can go to the moon.

If on the other hand a need for a bigger house never arises, I will probably stay where I am forever and won't care whether they rise or fall.

But your home drops in value too ( maybe not by as much % wise so I can see where you're coming from but if it's anything like our area the expensive houses are easily sold and don't really drop)

ess0two

Ballard wrote: »

Do we need another thread?

Exactly.....

mayonnaise

gfplux wrote: »

We appear to have reached the max page count 299

A max page count of 299 is like a Brexit dividend.
It doesn't exist.

kingstreet

If you came from here;-

https://forums.moneysavingexpert.com/discussion/comment/74573826#Comment_74573826

you might have come to the right place... but if you want the horrors of 4, 3, 2 & 1 you can search for them yourself.