Brexit the economy and house prices part 7: Brexit Harder

Crashy_Time

phillw wrote: »

The leavers are still waiting for brexit day when all the promises come true and their lives magically get better (rather than worse which is what will happen).

I believe people voted for more accountability from their own UK politicians, and to derail the fantasy (dangerous fantasy) of an "EU Super-State", not to have their lives "magically get better". A lot of Remainer forum posters and TV pundit types really should pause for breath now because in many cases they are really embarrassing themselves IMO.

phillw

Crashy_Time wrote: »

I believe people voted for more accountability from their own UK politicians, and to derail the fantasy (dangerous fantasy) of an "EU Super-State", not to have their lives "magically get better".

People didn't vote for more accountability, because accountability doesn't make any difference to your life & leaving the EU doesn't make them more accountable. Politicians fail them, they elect new ones that fail them worse, they elect new ones that fail them worse.

The EU super state isn't dangerous or even likely.

It's all just magical thinking. I don't see why patronising you will help, thats what leave and ukip did.

AG47

Herzlos wrote: »

Not True at all. Property crashing won't hurt the older and wealthy much at all.
It'll devastate the poor.

How can cheaper rents be bad for the poor?

Crashy_Time

phillw wrote: »

People didn't vote for more accountability, because accountability doesn't make any difference to your life. Politicians fail them, they elect new ones that fail them worse, they elect new ones that fail them worse.....

The EU super state isn't dangerous or even likely.

It's all just magical thinking. I don't see why patronising you will help, thats what leave and ukip did.

It won`t, and I suppose it is encouraging that you can start to see that, all the Remain campaign did was patronise and belittle people`s views, that is why it failed and looks even more ridiculous as the hour of the Leave victory approaches.

phillw

Crashy_Time wrote: »

It won`t, and I suppose it is encouraging that you can start to see that, all the Remain campaign did was patronise and belittle people`s views, that is why it failed and looks even more ridiculous as the hour of the Leave victory approaches.

Classic projection, leave patronised with simple lies rather than remains complicated truths.

Be really proud of your hollow victory of a damaging brexit and wonder just how manipulated you are that you would cheer your demise.

Anyone whose view is that politicians will be more accountable after brexit and refuses to accept the truth, deserves their views to be belittled.

Crashy_Time

phillw wrote: »

Classic projection, leave patronised with simple lies rather than remains complicated truths.

Be really proud of your hollow victory of a damaging brexit and wonder just how manipulated you are that you would cheer your demise.

Anyone whose view is that politicians will be more accountable after brexit and refuses to accept the truth, deserves their views to be belittled.

As I said, to prevent further embarrassment, many Remainers now just need to pause, accept they lost, and move on the best they can.

Tromking

phillw wrote: »

Which bit?

The bit where you said "lives" after Brexit will get worse.

Tromking

No time for the woman, but TM is right.
Remainer MP's must now put up or shut up. If they feel Brexit is an unmitigated disaster waiting to happen, then they must conjure up the collective spine to vote positively to end it, and then obviously put up with the ramifications of a referendum result thats been denied.
I marched to Parliament with my Union yesterday, the atmosphere I felt was bordering on the febrile.

Moby

Crashy_Time wrote: »

As I said, to prevent further embarrassment, many Remainers now just need to pause, accept they lost, and move on the best they can.

Your grandstanding is a trite early imo! You and many others could still end up with egg on your faces!
https://www.bloomberg.com/news/articles/2019-03-21/may-faces-standoff-with-eu-over-terms-of-delay-brexit-update

Herzlos

AG47 wrote: »

How can cheaper rents be bad for the poor?

I can't imagine we'll see cheaper rents, but if they do drop and yields drop to the point a BTL landlord will do better from some other source you're going to see a huge drop in BTLs and thus rentals.


However, a property price crash will mean terrible things for affordability, which means the poorer still can't buy property, and those that can't buy will still be forced to rent even if the rent is much higher than the potential mortgage would be, if they could meet the lending criteria (and with 30%+ price drops, banks would be looking for at least 30 owner equity for a mortgage).


Those with 70%+ LTV mortgages (pre-crash, 100%+ post crash) will suddenly find themselves underwater (again) and have to take whatever mortgage deal they can get (likely the punitive standard rate).



On the other hand, those who bought a decade or more ago will be able to weather a 30% drop in property prices without flinching - it'll still be worth multiples of what they paid. The wealthy, not having to rely on mortgages or having enough leverage, will be able to buy up the housing stock or be otherwise unaffected.