30% fall in property if no deal brexit

AG47

triathlon wrote: »

How many decades have you been repeating that while prices have risen 300%?

I can assure you I’ve only been talking about the no deal brexit come Halloween since it was delayed until then.

But yes thanks for making my point, property has been in the up cycle for far longer than normal, it probably means the next down cycle will also be longer and deeper than normal.

AG47

lisyloo wrote: »

There are a lot of people who will try to make sure the worst case scenario doesn’t happen e.g. parliament, the EU and in the event of a total breakdown of society then the army.

I guess this depends on whether you’re an optimist or pessimist.

It’s a bit like getting on an airplane.
There’s a few terrorists out there trying to kill you, but a whole army of businesses, engineers, governments who don’t want you to die because it’s expensive and bad press.

Most of the time the good guys win and it’s better for you mentally, physically, emotionally and economically to believe things will be ok.

My money (quite literally) is on us leaving with a deal.
My investment portfolio is predicated on that, although it is balanced for risk and does ok when sterling falls.

Worst case scenario is the sun exploded or super virus or something killing all life on earth.

Next down on the list some survive, but it’s a post apocalyptic world.

Next on the list is parts of the world become post apocalyptic and parts of the world survive.

I’m just making the point that what most people talk bout as worst case scenario is not really that bad.

Yes it could be bad if no deal brexit mean property falls 30% and food and fuel rise. Yes it may be a little chaotic for a while, but seriously let’s not talk about mad max world, we are far from that.

lisyloo

AG47 wrote: »

Yes it could be bad if no deal brexit mean property falls 30% and food and fuel rise. Yes it may be a little chaotic for a while, but seriously let’s not talk about mad max world, we are far from that.

Well so what then?

We’re unlikely to get a no deal, but so what if we do?
We all carry on.
IF you want to buy property then go ahead.
Many people will be too scared or won’t be able to get a mortgage.
Most of us will get on with our lives.

No need to go on about this possibility every day.

AG47

lisyloo wrote: »

Well so what then?

We’re unlikely to get a no deal, but so what if we do?
We all carry on.
IF you want to buy property then go ahead.
Many people will be too scared or won’t be able to get a mortgage.
Most of us will get on with our lives.

No need to go on about this possibility every day.

So stay off the forums.

Many think no deal is looking more and more likely everyday. They will never agree on a deal, we all know this.

The UK should save the divorce bill and build even more affordable homes with the bullions, just walk away. RIP the band aid off in one go, yes it hurts to start with then we can rebuild.

Slowly taking the plaster off is more painful and even more damaging

lisyloo

AG47 wrote: »

with the bullions

Brilliant and ironic typo

What a bullion? it that like a billion but complete bull??

AG47

They will never come to any agreement

We will see no deal come oct

30% drop in house prices to start with then back to slow decline

AG47

AG47 wrote: »

No deal come Halloween means at least 30% crash, and all kinds of other chaos

Even the perma prop bulls are starting to admit that we are in for a rough ride come Oct 31st

lisyloo

Which perma prop bulls are those then?

MobileSaver

AG47 wrote: »

We will see no deal come oct ...
30% drop in house prices to start with

When will we see these 30% drops? 1st November? By Christmas? I just want to make sure I'm ready to pick up some bargains when it happens so any insights you can pass on would be appreciated.

lisyloo wrote: »

Which perma prop bulls are those then?

I think that's what he calls all those conflicting voices in his head...

triathlon

AG47 wrote: »

Even the perma prop bulls are starting to admit that we are in for a rough ride come Oct 31st

Speaking as some that has made huge profits from property I will give my insight rather than yet another finger in the air guess of the usual "30% fall innit mate" yet again. From what I am hearing UK property is becoming more tempting from foreign money by the day as the £ weakens, but that is just factual rather than your hope and a prayer.