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Brexit the economy and house prices part 7: Brexit Harder
Comments
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This will be the start of hard times, and will last for several years.
The good news is that hard times create hard men. And hard men create soft times. Soft times create soft men, soft men create hard times and the cycle repeats.
We have all grown up in soft times, that our grandfathers created who were hard men from hard times.
What on earth are you on? Our grandfathers created little of note as young men other than terrible wars, like their grandfathers before them. Those who survived WW2 finally learned major lessons and finally came to understand the value of peace and tolerance - lessons you do not seem to have learned.
Do you really want the sort of discontent that pervaded the European populace and led to ruthless opportunists yet again rising to the top of the cess, just so you can learn from your own lack of understanding and your big own mistakes about the public good in the thinking of the mob? Can't you learn from the mistakes of our forefathers rather than glory in the hardness of desperate men?
Your kind of talk sickens me.0 -
Not True at all. Property crashing won't hurt the older and wealthy much at all.
It'll devastate the poor.
How can rents and property values crashing be bad for the poor?
It's good for the poor but very bad for property owners.Nothing has been fixed since 2008, it was just pushed into the future0 -
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How can rents and property values crashing be bad for the poor?
Or if your rental yield drops to 1% but you can get 1.5% in a fund? Why wouldn't you sell up and put the money into the fund?
Property prices and rents are sort of unrelated - people need somewhere to live and if they can't afford a mortgage they have to rent, correct?
So, for the economic conditions to cause any real drop in house prices to happen, affordability must drop at least as much (since house prices are a function of affordability). If you can't afford a house now, you won't be able to afford a house after a 50% crash, because the affordability criteria will go through the roof.
The only people who can afford to buy property after a crash are the same ones who could afford it before.
But its worse - those who nearly could afford but now can't will have to rent for longer, in properties that are being scooped up by the cash rich landlords. Now there are more renters, the rental price will rise again.
The poor are always going to be in for a bad time, this isn't going to change that. Just look at the 'men of the people' pushing for a hard brexit - rich investment bankers for the most part. Do you think Mogg cares about normal people? Do you think he's even aware of their existence?0 -
Malthusian wrote: »:rotfl:
(characters)
Remains have generally been referring to the idea as stupid (it is) or Leaves as having been duped (they have). Some people have directly called Leavers stupid, but it's rare. Some of them undoubtedly are, but not all of them.0 -
Remains have generally been referring to the idea as stupid (it is) or Leaves as having been duped (they have). Some people have directly called Leavers stupid, but it's rare. Some of them undoubtedly are, but not all of them.
Nobody has suggested that ALL Leave voters are stupid. But once you can convince the stupid, the racist, the frightened, the desperate, the easily manipulated & the greedy to vote for you, you're halfway there.0 -
It's come to something that Britain's "taking back control" has come to the British Prime Minister anxiously standing outside an EU meeting she's excluded from, waiting for the EU to decide what will happen to her country.
Great job Brexiteers, great job.
I thought voting for UKIP and starting a campaign for some 1930s comedy Etonian Richie Rich to become Tory leader was the worst you could do, but you've excelled yourself now.0 -
It's come to something that Britain's "taking back control" has come to the British Prime Minister anxiously standing outside an EU meeting she's excluded from, waiting for the EU to decide what will happen to her country.
Great job Brexiteers, great job.
This proves we are right to leave the evil EU.
If Remainers in parliament refrained from sabotaging Brexit from the start, this situation would not have risen. EU knows half of parliament is pro-EU - so they are leveraging it on their advantage.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
This proves we are right to leave the evil EU.
If Remainers in parliament refrained from sabotaging Brexit from the start, this situation would not have risen. EU knows half of parliament is pro-EU - so they are leveraging it on their advantage.
It proves nothing of the kind. In any negotiation, the opposing sides need to have private discussions to agree their position. It is not the EU's fault that May has nobody to talk to.
Not just half the MPs are pro-EU, nearly half the electorate favored the EU in the Referendum. The fact is that with such a narrow margin in the referendum, Brexit was possible with some compromises. It is May who has made this impossible by equating national interest with the interests of her party and stubbornly refusing any deal but her deal. She was prepared to sacrifice the national interest, the fragile peace in Ireland and the economic interests of UK economy for her own ego.
Cable alleged yesterday that when challenged that a no-deal Brexit would make people poorer she said that's what people want. Delusional does not cover it.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
rents crashing may be good for the poor if there are sufficient rentals available. If rentals drop too low, landlords will just sell up or potentially leave them empty. To take an extreme case; would you rent out a flat if it barely made more than the cost? Is it really worth the hassle of finding a tenant and the risk of them wrecking the place to make a few quid a month?
Or if your rental yield drops to 1% but you can get 1.5% in a fund? Why wouldn't you sell up and put the money into the fund?
Property prices and rents are sort of unrelated - people need somewhere to live and if they can't afford a mortgage they have to rent, correct?
So, for the economic conditions to cause any real drop in house prices to happen, affordability must drop at least as much (since house prices are a function of affordability). If you can't afford a house now, you won't be able to afford a house after a 50% crash, because the affordability criteria will go through the roof.
The only people who can afford to buy property after a crash are the same ones who could afford it before.
But its worse - those who nearly could afford but now can't will have to rent for longer, in properties that are being scooped up by the cash rich landlords. Now there are more renters, the rental price will rise again.
The poor are always going to be in for a bad time, this isn't going to change that. Just look at the 'men of the people' pushing for a hard brexit - rich investment bankers for the most part. Do you think Mogg cares about normal people? Do you think he's even aware of their existence?
The number of houses doesn`t change, keeping them empty isn`t really an option unless you have money to burn, the only way out will be selling cheaply or dropping rent. There are going to be a lot less renters after FOM winds down IMO.0
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