30% fall in property if no deal brexit

Herzlos

Thrugelmir wrote: »

You are a Corbynist them? Momentum member?

Do you somehow think keeping disabled people alive is Marxist? That'd explain a lot.


Personally, I'd have thought it was human and the duty of any good Christian. Or would you rather we let them just die or something?

Malthusian

Herzlos wrote: »

Do you somehow think keeping disabled people alive is Marxist? That'd explain a lot.

The majority of disabled people can keep themselves alive. Standard left-wing bigotry that assumes anyone with a disability is a passive unproductive victim.

Crashy_Time

westernpromise wrote: »

Whatever circumstances triggered a 30% crash would also wipe out a lot of the entry level jobs that FTBs are in, meaning that they will unemployed in perfect time not to benefit. The beneficiaries will be whoever owned property before.

I'd also be cautious about assuming that a decline in property prices would result in a pleasant decline in buyers' SDLT costs. Over the least 20 years, SDLT has gone nowhere but up. It was £2,500 in 1999 on the flat I still own; today it would be nearly £40,000. This is on the same property. Somehow, whoever could afford £2,500 in 1999 can magically afford £40,000 now.

The inference is that SDLT only ever goes up, massively beyond inflation and massively beyond even property inflation (I reckon the flat's worth about 4x more but the SDLT is ~14x more). In the event of a property price decline, the SDLT would just go up to compensate the state, and more - so to buy my flat, whatever its then value, will probably be £50,000 for the next buyer and £100,000 for the one after that.

To take one example of something that has pumped up the UK property bubble - Chinese money - how would FTB entry level jobs be affected in this scenario in your opinion?

https://wolfstreet.com/2019/08/30/china-imposes-new-capital-controls-targets-foreign-real-estate-purchases-as-yuan-falls-to-11-year-low/

Even if less money going into property from overseas does cause FTB job losses, how does someone who already owns property benefit from less money going into property and more FTB`ers going home to live with their parents?

lvader

phillw wrote: »

No, why? Life long conservative voter until the last election, the loonies in charge now are not conservative.

I've been more and more dissatisfied since 2008, but we need something different & Labour are offering something different.

That's some swing from being a conservative during the Blair years to Labour during Corbyn. Try to stay off social media, it's obviously affecting you.

triathlon

phillw wrote: »

When you say Marxist agenda, do you mean the end of "withdrawing benefits from disabled people and seeing how many people die as a result" as a way of reducing the cost of those benefits?



You're confused, bless you. Those are parties. The current government has only existed since 24th July 2019.

Conservative Party Chairman James Cleverly said setting out a legislative programme via a Queen's Speech was what "all new governments do".

Although Theresa May didn't prorogue when she took over in 2016. So what the party chairman said is actually a lie.

Have you ever witnessed REAL hardship and poverty around this planet?
The UK is far off being an uncaring country, just rattles me everytime I hear someone trying to suggest it. This country will home non working breeding families and for years and ask for nothing back. Had an instance recently in my own family where a thick daughter went through a charade of being kicked out of here home for getting pregnant at 17, now 18, in order to get her housed along with her thick boyfriend, it worked. Her mother who encouraged it had a 4 bedroom home with only one bedroom being used.

RealElement47

triathlon wrote: »

Have you ever witnessed REAL hardship and poverty around this planet?
The UK is far off being an uncaring country, just rattles me everytime I hear someone trying to suggest it. This country will home non working breeding families and for years and ask for nothing back. Had an instance recently in my own family where a thick daughter went through a charade of being kicked out of here home for getting pregnant at 17, now 18, in order to get her housed along with her thick boyfriend, it worked. Her mother who encouraged it had a 4 bedroom home with only one bedroom being used.

Exactly.

So a 30% crash to start with my cause All kinds of moaning and winning and then when they crash even more in the years after brexit but these property owners have nothing to moan about.

So what if they re in negative equity or even if they get reposessed they will never hve rel hardship

Crashy_Time

RealElement47 wrote: »

Exactly.

So a 30% crash to start with my cause All kinds of moaning and winning and then when they crash even more in the years after brexit but these property owners have nothing to moan about.

So what if they re in negative equity or even if they get reposessed they will never hve rel hardship

Bingo, no one will go hungry in the UK, people are now more concerned about issues such as law and order rather than how much their house could be worth if they can find a deluded buyer.

Old_Lifer

Brexit doesn't worry me unduly. I'm not interested in politics and don't support any particular Party.



In the last fifty years or more, I have experienced the Oil Crisis of the early 1970's, national power cuts each week resulting in a 3 day week being imposed, inflation peaking at slightly more than 25 per cent, widespread strikes and violent picketing outside factory gates nationwide and widespread rioting in the streets of many cities in the rearly 1980's.


During the last more than 50 years, I have experienced three periods of falling house prices, the worst being a drop of around 20 per cent. The world did not come to an end. Houses continued to be bought and sold but in greatly reduced volume. A fall was followed by a few years of fairly static prices.


Rises and falls in property prices have seemed to start in London and taken around 2 years to spread around the country.


Interestingly, it appears to me that before each fall, those organisations which benefit from property price rises seem to say that prices will be flat for a year or so or that that prices will drop just slightly.

AG47

Crashy_Time wrote: »

Bingo, no one will go hungry in the UK, people are now more concerned about issues such as law and order rather than how much their house could be worth if they can find a deluded buyer.

You would e foolish to be buying property in the middle of all this uncertainty

But you would also be foolish not to be trying to sell property before the hard no deal brexit before the big falls in prices start in earnest

Mistermeaner

AG47 wrote: »

You would e foolish to be buying property in the middle of all this uncertainty

But you would also be foolish not to be trying to sell property before the hard no deal brexit before the big falls in prices start in earnest

I was certain there would be uncertainty at some point in the future when I bought my first house in 2004

I was also certain there would be some more uncertainty when I sold this and bought another in 2017

I've not been wrong yet

Nearly 16 years on i owe 200k on a house worth (today) 500k

It's a lovely home for my family (4 kids)

I'm certain there will be further uncertainty

I'm certain that in around 10 years I'll be mortgage free

Certainly uncertainty shouldn't influence any decisions, unless you're not certain there won't be uncertainty (or not) ?