30% fall in property if no deal brexit

spadoosh

The-Joker wrote: »

There has never been a time like this for the UK in living memory.

The no deal Brexit will start a property crash with 30% down, then slowly down more and more for years to come.

Your name is apt.

Times like this come around every few years, a few months ago we where being nuked by a fat korean. A few weeks later it was a crazy russian. Before all that it was the most charismatic leader in the middle east. Before that it was the least charismatic leader in the middle east. Before that it was terrorists. Before that it was y2k. Before that it was the IRA. Before that it was Gulf war 1. Before that it was the russians again.

Thats not even begining on sub prime lending. The weekly appocalypse scenarios from the likes of the economist. Super bugs, Global warming/climate change. Planet X.

At this rate im going to have order a new hazmat suit, mines deteriorating in storage. And thats all in my still somewhat young life.

Brexit is different though because weve never quite come across the hysteria a remainer could generate.


Illr efer you to the post i made earlier asking if youre willing to take bets on your predictions? I am.

PokerPlayer111

do you have any logic why? @The-Joker

lisyloo

The-Joker wrote: »

There has never been a time like this for the UK in living memory.

The no deal Brexit will start a property crash with 30% down, then slowly down more and more for years to come.

if this does happen it will be really bad news as it will mean job losses and a badly failing economy


I can't see how it helps anyone.


The best scenario would be stagnant nominal prices or below inflation increases as that helps both owner with nominal mortgages and those not in the market as it means real terms falls.

PhilE

Whatever happens, demand will still exceed supply.

Even if you stopped immigration altogether, which will never happen, the uk population will continue to grow. People are living longer than ever, families are continuing to have children. Many family homes have single occupants.

The only real way for housing prices to decrease is for supply to exceed demand. Given the size and population of the UK, this is not possible.

The expense of houses and strain to the NHS has never been due to a trade deal with Europe, and it is rather ignorant to suggest that leaving said trade deal will solve both.

chucknorris

lisyloo wrote: »

if this does happen it will be really bad news as it will mean job losses and a badly failing economy


I can't see how it helps anyone.


The best scenario would be stagnant nominal prices or below inflation increases as that helps both owner with nominal mortgages and those not in the market as it means real terms falls.

Some bears live in the land of magic frogs and pixies, in this magical wonderful land, house prices are totally unconnected to the economy, and house prices can crash during an economic boom, where mortgages and high paid jobs are available to all (except house owners of course, who are forced to sell).

kabayiri

Would this also mean a 30% drop in property pr0n telly?

(I'm just trying to see the upside here ! )

PhilE

House prices falling 30% would be part of an economic crash. At that point you'd probably be more concerned with buying your kids food, than buying a house.

AG47

lisyloo wrote: »

if this does happen it will be really bad news as it will mean job losses and a badly failing economy


I can't see how it helps anyone.


The best scenario would be stagnant nominal prices or below inflation increases as that helps both owner with nominal mortgages and those not in the market as it means real terms falls.

Look how the property bubble has expanded more than anything else these last few decades

It needs a very large crash to get in line with everything else

MobileSaver

AG47 wrote: »

Look how the property bubble has expanded more than anything else these last few decades

Presumably you mean except for that other financial subject that you are such an expert on ... crypto:

AG47 wrote: »

I still think bitcoin will be $100k by 2019,

Still think that?

AG47 wrote: »

property bubble .. It needs a very large crash to get in line with everything else

You really have no idea what you are talking about do you?!?!

antrobus

MobileSaver wrote: »

,,,
You really have no idea what you are talking about do you?!?!

I do believe that is the most accurate statement that has ever been posted here in MSEland,:)