We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Brexit the economy and house prices part 7: Brexit Harder
Comments
-
Because Cameron (and everyone else) was sure the answer would be Remain - it was intended purely to shut up the Euro-skeptics in the Tory party and bring back the UKIP voters/donors.
And most MPs still think they can somehow overturn the result and remain.
Public support for No Deal is rising. Economic argument no longer working as people don't care/think that it will be of any problem.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
SouthLondonUser wrote: »?? It's not an "argument", it's just the basic maths of working out the cost of renting vs that of buying.
I am not saying one should or should not buy. I am simply pointing out what needs to be compared.
Even if I had 20 millions in the bank, I'd never buy a house in Chelsea or a new build by the river, because I think the risk the market for those specific properties will continue to go down is too high.
Non-prime London and non-London areas are less at risk, IMHO, but then it depends on your time horizon. If you think you might need to move in 3-4 years (eg new job elsewhere) well, there are many scenarios in which buying may end up more expensive than renting, even if prices stay absolutely flat. That's why I said one needs to run his numbers, otherwise it's one of those meaningless how long is a piece of string type of discussions.
What you are saying is true.
For the vast majority buying a home long term they are better off buying.
I ran the numbers for my situation, economically mobile, uncertainty and 2nd home (extra stamp duty and CGT) and decided to rent for the period of economic mobility and uncertainty, however that is not the usual long term home scenario where people really don’t need to run the numbers if they are looking for a long term home as the maths is a no brainer.0 -
And most MPs still think they can somehow overturn the result and remain.
Public support for No Deal is rising. Economic argument no longer working as people don't care/think that it will be of any problem.
The argument certainly seems to be moving towards the "This is what you asked for" phase.
The logical conclusion of which is "Don't blame me" when it goes wrong.0 -
-
Thrugelmir wrote: »I suspect that many aren't surprised that the EU leadership is behaving in such an intransigient manner.
Why should the other 27 countries be more transigent?
We’ve taken up huge amounts of time already.
Why should they commit any more time if we don’t even know what we want.0 -
Why should the other 27 countries be more transigent?
We’ve taken up huge amounts of time already.
Why should they commit any more time if we don’t even know what we want.
They had no intention of an amicable separation. Barnier is a career poltician. Angling for EU Presidency. The project comes first.0 -
Thrugelmir wrote: »They had no intention of an amicable separation. Barnier is a career poltician. Angling for EU Presidency. The project comes first.
Or maybe the members come first?0 -
Thrugelmir wrote: »They had no intention of an amicable separation. Barnier is a career poltician. Angling for EU Presidency. The project comes first.
Why should 27 countries give one a good deal if one wants to leave.
If we want to leave we should take the hit.
Trouble is we can’t make up our mind.
The issue is our side not theirs.
It’s not their job to make it peachy for us. We’re the ones who decided to leave.0 -
There is still a mighty amount of hubris still left in some UK positions alright.
Anyway, the current crop of leadership candidates are trying to be more Brexit than Brexit. But they know they cannot deliver it in a crash out at all. They are playing to the gallery.
Did you all notice how calm things have been since the extension to 31 October?
Leaving is still possible, and if it happens, it should be for the benefit of the majority of people, not the elites. Nor should it be invoked for personal political gain either.
It is all based on a heap of sand IMV. But hopefully leaving the EU might be achieved on a mutually beneficial basis. That is the optimum.
Looking at the jostling for power within the Tories at the moment, one could be forgiven in thinking that the harder the Brexit the better. Not true and even those advocating this know it. They are playing to a certain gallery.
I am disgusted with all of them, and I include Labour in that.
Negotiations involve compromise, and give and take. Not much of that happening to my mind. And it could have been a lot easier to leave if there was some compromise. Sigh.... but anyway.0 -
Did you all notice how calm things have been since the extension to 31 October?
Did you notice how calm things have been since the referendum result, outside a few political enclaves and a tiny minority of people on Facebook and Twitter screeching hate into each other's echo chambers?
The main reason politicians of all four colour combos fear no-deal is because when no mass unemployment and depression arises - for the second time - it will burst the delusion that politicans hold the sky up.
"Just you wait" will sustain them for a few months, but eventually their pompous bubble will go "fffffffwwwwwwwpbbpbpbpbpbpb" when life continues for millions of people mostly unabated.
The alternative cliff-edge scenario of Brexitexit won't cause the pound to jump skywards and restore everyone into a paradise of tolerance and jet-setting prosperity either. So even cancelling Brexit will pop the bubble. Which means every politician who has emotionally invested in Brexit - which is all of them - is totally boned whether they win or lose.
Most people's lives will continue just as they did before Brexit was a twinkle in Cameron's eye. They'll still be working the same jobs they hate to buy crap they don't need that they were in 2013 and paying the same rates of tax.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards