Why don't people cheer the brilliant elements of No-Deal crash- Such as making property affordable?

phillw

Rich2808 wrote: »

We haven't left yet - like Pinnochio of course only the leave side lied whereas the remain folk always told the truth!

The remain side did make the mistake of trying to tell the truth.

The problem with liars is that they project, which is why people who have affairs become suspicious of their partners and accuse them.

Herzlos wrote: »

I don't think anyones expecting a drop in immigration numbers though? They just won't be white European.

I don't know if you can predict who will want to come to the UK post brexit. It's going to take a long time before people from other countries will trust us again, in the short term I suspect we'll see an increase in the number of people who are purely trying to exploit the UK. People treat you how you treat them.

Crashy_Time

Herzlos wrote: »

I don't think anyones expecting a drop in immigration numbers though? They just won't be white European.
The short term visas may prevent home ownership bit it'll push demand to rentals.

A large number of the majority that voted to leave the EU probably are IMO, it is one of the things that people were most concerned about before the referendum I believe. If similar numbers come in from elsewhere the government that allows that will be punished heavily at election time IMO. The meltdown in politics at the moment just due to the Brexit vote is something to behold, it will get much uglier in the future if the numbers coming here to work minimum wage jobs and claim benefits are not significantly reduced.

Crashy_Time

AG47 wrote: »

So very true

Cash strapped governments like to tax things that can’t be hidden or owned anonymously like property.

Some are predicting a rush out of property and into gold and silver bullion that can be held anonymously when the huge tax increases start.

You need buyers to do that, many won`t be interested in second homes and BTL anymore, not after they figure out the tax liability.

MobileSaver

Crashy_Time wrote: »

it will get much uglier in the future if the numbers coming here to work minimum wage jobs and claim benefits are not significantly reduced.

Who is going to do the roughly 2.5m jobs they are currently doing if it's no longer EU immigrants?

Or is it part of the plan that Brexit will cause enough companies to go out of business or move out of the UK that we won't need so many workers?

Crashy_Time wrote: »

You need buyers to do that, many won`t be interested in second homes and BTL anymore,

You need sellers to do that. If property prices start dropping then most sellers simply stay put and delay their sale/move.

You know this more than most as for a long time your proof of an impending House Price Crash was the large drop in transaction numbers numbers after the 15% price correction in 2008 .

Malthusian

phillw wrote: »

The remain side did make the mistake of trying to tell the truth.

Should we give them a "Tried My Best" sticker for trying really really hard to say that there wouldn't be an immediate recession and mass unemployment, that they wouldn't call an Emergency Budget, wouldn't add 4p on Income Tax and 5p on Inheritance Tax?

Herzlos

At the time they genuinely thought those things would have happened already. They weren't expecting it to take 3 years to think about leaving.


Once we've actually left, we can see how bad the damage is. We're already flirting with recession.

Crashy_Time

MobileSaver wrote: »

Who is going to do the roughly 2.5m jobs they are currently doing if it's no longer EU immigrants?

Or is it part of the plan that Brexit will cause enough companies to go out of business or move out of the UK that we won't need so many workers?



You need sellers to do that. If property prices start dropping then most sellers simply stay put and delay their sale/move.

You know this more than most as for a long time your proof of an impending House Price Crash was the large drop in transaction numbers numbers after the 15% price correction in 2008 .

If there are less people in the country it stands to reason that we need less workers, not all the jobs are necessary to our survival, a lot will be nail-bars, hairdressers etc. The sales of property that do go through make the market, and lower the price, everything else is just wishful thinking.

Herzlos

I think we'd need to lose a lot more people to produce a meaningful property crash.


Sure a lot of jobs aren't necessary to our survival, directly, but money flowing through the economy is good. It generates tax which does go towards our survival.


We'd have less nail bars, but also less people with money to spend on nail bars, and less money to spend on local/government services.

triathlon

Crashy_Time wrote: »

If there are less people in the country it stands to reason that we need less workers, not all the jobs are necessary to our survival, a lot will be nail-bars, hairdressers etc. The sales of property that do go through make the market, and lower the price, everything else is just wishful thinking.

It is just so funny, how many years and times have you now said that?
We are probably in the peak now of the housing downturn, but yesterday and the Nationwide data the property market only saw a 0.1% drop with YOY still positive, and things cannot get anymore worse than they are now.

You are going to miss out yet again :rotfl:

Rich2808

Herzlos wrote: »

I think we'd need to lose a lot more people to produce a meaningful property crash.


Sure a lot of jobs aren't necessary to our survival, directly, but money flowing through the economy is good. It generates tax which does go towards our survival.


We'd have less nail bars, but also less people with money to spend on nail bars, and less money to spend on local/government services.

The housing market is far more a function of the supply of money not the supply of people and the wider economic situation.

If banks stopped lending or lending as generously the market in most parts of the UK would collapse. Liberalised lending rules and fractional reserve banking have driven the price boom - more people has contributed of course.