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

Brown_Bear

Rich2808 wrote: »

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.

Evidenced by the fact that the UK population didn't suddenly drop by 30pc in 2008. But house prices did - when the banks became less keen to lend.

Brown_Bear

triathlon wrote: »

It is

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.

:

That may be true as a UK average. But in plenty of UK towns house prices are rising.
The 'downturn' talked about in the media is probably distorted by a London / SE England effect.

Crashy_Time

triathlon wrote: »

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:

How is the Bruce Banner thread going, doesn`t seem to have too many hits?

triathlon

Crashy_Time wrote: »

How is the Bruce Banner thread going, doesn`t seem to have too many hits?

I am not here for a popularity contest, I am helping to get the true message about property out there, and it is not this one which was wrong 2 decades ago and still is ...https://www.youtube.com/watch?v=PtTpLvUOunM

I will take pleasure from my large home and the ones I rent out, you take joy in being popular here if that's the case