30% fall in property if no deal brexit

triathlon

So there goes yet another reason for there to be a property crash, most of us with a brain new it was never going to happen anyway.
So what will be the next reason for this magical 30% drop in house prices I wonder, is there anything left for them to pin on? Just about every reason has now been used up

Sailtheworld

triathlon wrote: »

So there goes yet another reason for there to be a property crash, most of us with a brain new it was never going to happen anyway.
So what will be the next reason for this magical 30% drop in house prices I wonder, is there anything left for them to pin on? Just about every reason has now been used up

They still don't realise they can't call property price crashes. Doesn't mean their won't be one of course but we won't know the reason until after the event.

They're just perma prop bears.

chucknorris

Sailtheworld wrote: »

They still don't realise they can't call property price crashes. Doesn't mean their won't be one of course but we won't know the reason until after the event.

They're just perma prop bears.

That's a lot more justified than them calling others 'perma prop bulls', in fact, the joker just called me that today. Despite the fact that I have now seriously reduced my investment in property. If the recent sale I agreed on today goes through, investment property will only be about 11% of my portfolio. So I guess that'll make me a 'perma equities and individual corporate bond bull'?

phillw

triathlon wrote: »

So there goes yet another reason for there to be a property crash

Wishful thinking. Let's see what happens on Saturday first.

The-Joker

lvader wrote: »

It's not a conspiracy issue, it's a legal issue, May couldn't even get a time limit on it.

Boris has only got as far as May did, it didn’t get through for her I don’t see why it will work for boris

Sailtheworld wrote: »

They still don't realise they can't call property price crashes. Doesn't mean their won't be one of course but we won't know the reason until after the event.

They're just perma prop bears.

A perma property bear would be somebody who thinks property goes down permanently

I don’t think anybody would ever be a perma prop bear unless there is huge deflation

But there certainly are plenty of perma prop bulls on here, and they will all he proved wrong in the next downturn in property prices

Herzlos

seatbeltnoob wrote: »

If that's the case why would yuu buy a 1 bed when you can just pay 10% more and get a 2 bed? It's such a small increase in the grand scheme of things, you might as well get the 2 bed and save yourself the move later.

I've no idea, to be honest as I went for the 2 bed. I'm just reflecting the situation at the time and what I'm seeing of prices but it's hard to tell because so few 1 beds go on the market here.

MobileSaver

The-Joker wrote: »

But there certainly are plenty of perma prop bulls on here,

So you keep saying and yet when asked to name them you suddenly go very quiet; that seems a bit strange unless you are just making the whole thing up?

So I'll ask again, please can you name some of the perma prop bulls on here?

RealElement47

Things are more uncertain and more unstable than ever before

Anything could happen

Why extend the uncertainty and instability even more? Crazy days

The-Joker

MobileSaver wrote: »

So you keep saying and yet when asked to name them you suddenly go very quiet; that seems a bit strange unless you are just making the whole thing up?

So I'll ask again, please can you name some of the perma prop bulls on here?

Perma prop bulls do exist on here, they are defined as somebody who permanently thinks house prices go up without a significant correction.

Anybody who disagrees that there will be another downturn and a correction in over valued property prices sometime in the future.

Hammish is one, mobilesaver is another.

Now can you make any perma property bears? Somebody who thinks property will always go down without any upticks? No you can’t because they don’t exist.

phillw

The-Joker wrote: »

Perma prop bulls do exist on here, they are defined as somebody who permanently thinks house prices go up without a significant correction.

Are you being deliberately vague?

I can't work out if you mean that house prices will go up over the long term with a few blips every decade or so (like what has happened in my life time)

Or if you mean that houses will be practically worthless some time soon.

Unless you define what "a significant correction" means then we're not going to get anywhere.