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

Herzlos

Autumn86 wrote: »

*I wasn't born in 1986, just like the number '86'. lol

*No.
After spending 9+ years living alone in private rented apartment though I decided to save up and get a mortgage instead,
so rent subsidised-accommodation at work (£350p/m deducted direct from salary).
I also run a successful & profitable side business which brings me in over £1,000 profit per month (although I choose to reinvest a large portion of that back into the business currently).

*No, can't be bothered to dig-out the data link but I think the stats showed that less than 1% of 25-30year olds have more than £20,000 cash in their bank.

*Can get many luxury 2-bed apartments for £180k - £200k (outside London/Surrey), so 5x income = £150k + 30-40k cash deposit.

*I extremely doubt property prices from the coming crash will still be in a slump when I retire (in 35+ years from now)! :rotfl:

*Very much doubt closing a major busy A&E hospital would be done, especially as the NHS budget is so sacredly protected, but could theoretically happened, however there are many hospitals I could work at. lol
-Alternatively could easily return back to working for the prison service/or in a similar role.

We'll let's hope you aren't proven wrong then :money:
I suspect it won't go quite as well as you expect, but at least your parents will insulate you from the worst of it.

ess0two

Herzlos wrote: »

We'll let's hope you aren't proven wrong then :money:
I suspect it won't go quite as well as you expect, but at least your parents will insulate you from the worst of it.

I wouldn't be relying on my parents to fund my retirement,short sighted and selfish at best.

Herzlos

Especially whilst wishing for a recession being headed up by anti-NHS political party.

Property prices will probably have recovered well in another 20 years, if his parents don't have to sell any of it. Then there's inheritance taxes and stuff to deal with.
It's probably safe enough but I'd rather be self sufficient.

qwert_yuiop

Herzlos wrote: »

Especially whilst wishing for a recession being headed up by anti-NHS political party.

Property prices will probably have recovered well in another 20 years, if his parents don't have to sell any of it. Then there's inheritance taxes and stuff to deal with.
It's probably safe enough but I'd rather be self sufficient.

I could stand in my parents’ farm yard in a rural district, point any direction, and within a mile there’s a family involved in a protracted row about inheritance. I suppose if you’re an only child there won’t be a squabble. That’s the only way to avoid it, it seems.

MEM62

Autumn86 wrote: »

Brilliant stuff ~ Don't get why people aren't cheering & celebrating this property price correction.

Because many have a lot to loose. The benefit you seek can only come at a loss to others.

BobQ

Autumn86 wrote: »

I personally can't wait for the No-Deal Crash which is now basically 100% guaranteed!

*Property prices will hopefully crash,
meaning prospective buyers like me with large cash deposits will be able to buy a property for a much cheaper price.

*There will be a shortage of available staff to cover essential public-sector jobs such as NHS, so pay will be forced even higher for jobs such as mine.


Brilliant stuff ~ Don't get why people aren't cheering & celebrating this property price correction.

Selfishness is hardly a virtuous position.

During periods of declining prices, the only people who sell are the ones who need to. So you are assuming that you will benefit from those made redundant who cannot afford to pay their mortgages? If not you will find a lot of people just do not sell their houses, they just wait for pries to rise.

I have news for you about pay, Conservatives rarely support pay rises in the public sector. They prefer to pay more to employ agency staff since that way they appear to be reducing the public sector. You may be one of them but the public services suffer from such policies

phillw

BobQ wrote: »

So you are assuming that you will benefit from those made redundant who cannot afford to pay their mortgages?

Not going to happen.

https://england.shelter.org.uk/housing_advice/repossession/repossession_rules_mortgage_lenders_must_follow

When your lender should delay court action
The pre-action protocol says your lender shouldn't start court action if you are likely to get a payment after you have:

• made a claim under a mortgage payment protection policy
• applied for support for mortgage interest (SMI)

You need to be on the ball & if you don't have a rainy day fund then now is the time to prepare for unforeseen circumstances.

John_G_Jones

Autumn86 wrote: »

I personally can't wait for the No-Deal Crash which is now basically 100% guaranteed!

*Property prices will hopefully crash,
meaning prospective buyers like me with large cash deposits will be able to buy a property for a much cheaper price.

*There will be a shortage of available staff to cover essential public-sector jobs such as NHS, so pay will be forced even higher for jobs such as mine.


Brilliant stuff ~ Don't get why people aren't cheering & celebrating this property price correction.

It is already affordable, I don’t know anyone over thirty who doesn’t own somewhere decent to life.

Yes, with your financial,history it will always be a struggle, but that’s pretty much how it should be. For normal people houses are out there at sensible prices to be bought.

John_G_Jones

Autumn86 wrote: »

Defaulted on debts? lol.

Yes, you were boasting about it.

You need to start writing down your fantasies / lies if you don’t want to get them mixed up and have people laughing at you.

As I said before, you can’t prêtent to embezzle a bank and then pretend to have a bit of a whine about someone embezzling you.

Autumn86

John_G_Jones wrote: »

Yes, you were boasting about it.

You need to start writing down your fantasies / lies if you don’t want to get them mixed up and have people laughing at you.

As I said before, you can’t prêtent to embezzle a bank and then pretend to have a bit of a whine about someone embezzling you.

I didn't default/embezzel any debt.

Back in 2008/9 I took out just over 10.5k on credit-cards,
but as I didn't make any repayments the money just got put into the big pile of accounts to be written off via statute-barring.

(Theoretically yes on their end they would of classed my account in default, as they would of been counting the number of payments not-recieved, but as no payments were made, well none were 'missed' as such).



And you can call me a troll/think im pretending to of had £10,500+ of creditcards taken out in 2008 just written off due to me not making any payments,
but what exactly do you think caused the 2008 credit-crunch then...?? :rotfl:

You do realise that unless millions of people had done exactly what I did, and not repay money taken from the banks, there would of been no credit-crunch.
But so conversely given that there was a credit-crunch, there are millions of people like me out there, and yes some/many of us will also be on the website.... :beer: