Cash buyer near completion... brexit housing crash fears..?

Crashy_Time

https://www.independent.co.uk/news/business/news/uk-house-prices-property-market-outlook-london-manchester-glasgow-zoopla-a8599016.html

Crashy_Time

lisyloo wrote: »

Yes exactly that. It’s less than savings rates so an erosion in real terms which over decades will accumulate.

Interest rates are heading up though?

lisyloo

Crashy_Time wrote: »

https://www.independent.co.uk/news/business/news/uk-house-prices-property-market-outlook-london-manchester-glasgow-zoopla-a8599016.html

So are you now changing your claim from transactions slowing and rents are fallling to less than 38% of property prices have fallen? (btw it’s not uncommon for estate agents to overprice initially to see if anyone bites so some ask8ng prices always come down)

lisyloo

Crashy_Time wrote: »

Interest rates are heading up though?

So are you suggesting people put all their money in cash and let it erode in value in preference to a diversified portfolio (of which a place to live can be a great added benefit).

lisyloo

Crashy_Time wrote: »

Interest rates are heading up though?

They are not heading above inflation.

Crashy_Time

lisyloo wrote: »

They are not heading above inflation.

You can create your own deflation by careful spending, tins of decent beans and soup are now 30-40p in Sainsbury`s, nothing you have said should convince anyone to throw 170k cash into a 3 bed semi at this point in time.

Crashy_Time

lisyloo wrote: »

So are you suggesting people put all their money in cash and let it erode in value in preference to a diversified portfolio (of which a place to live can be a great added benefit).

No, I am suggesting that you will soon be able to get more from a high street savings account than a BTL and that mortgage rates are going to rise and the price of three bed semi`s is going to drop.

lisyloo

Crashy_Time wrote: »

You can create your own deflation by careful spending, tins of decent beans and soup are now 30-40p in Sainsbury`s, nothing you have said should convince anyone to throw 170k cash into a 3 bed semi at this point in time.

Most people with families don’t want to live like that.
If you’re a single bloke who isn’t bothered about attracting a mate then the discount aisle might be fine for you, but you cannot do that year after year. Once you’ve got to bins in year 2 and roadkill in year 3 then you have nowhere to go with your strategy.

lisyloo

Crashy_Time wrote: »

No, I am suggesting that you will soon be able to get more from a high street savings account than a BTL and that mortgage rates are going to rise and the price of three bed semi`s is going to drop.

I agree with you about BTL.
Most of us are talking about buying a home to live in.

In most of the country prices are still rising (real prices not estate agent asking prices).

PokerPlayer111

Eating healthy is optimum and should translate into the best ROI in the end. If you can do that for cheap great! We often dont eat out because we can make much healthier and better food at home.