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

phillw

lisyloo wrote: »

Really you think someone will be marketing terraces in Barnsley?
Personally I think they'll go for the low hanging fruit that is attractive to investors where they can make a good %.

If rightmove.co.uk see a drop in revenue then don't you think they'll be marketing all their properties to foreign investors? It won't take much for a platform to be created that simplifies the process for a foreign buyer & sort them out with a property management firm it will apply to all properties in the UK.

lisyloo

phillw wrote: »

If rightmove.co.uk see a drop in revenue then don't you think they'll be marketing all their properties to foreign investors?

Yes.
But I don't think unsophisticated investors will be looking on rightmove.
I think unsophisticated investors respond to marketing that comes to their country in person, which will only happen for newbuild developments due to economies of scale i.e. it's worth flying to Malaysia to market a single terrace.

phillw

lisyloo wrote: »

Yes.
But I don't think unsophisticated investors will be looking on rightmove.
I think unsophisticated investors respond to marketing that comes to their country in person, which will only happen for newbuild developments due to economies of scale i.e. it's worth flying to Malaysia to market a single terrace.

They'll be looking on rightmove if rightmove market themselves to foreign investors. The whole of the UK property market is surely worth more than one single development?

You fly to Malaysia because you don't have economy of scale.

David_Evans

lisyloo wrote: »

Really you think someone will be marketing terraces in Barnsley?
Personally I think they'll go for the low hanging fruit that is attractive to investors where they can make a good %.

The buyers of ''Terraces in Barnsley'' are more likely to be large housing associations. For whole blocks of flats and upmarket houses, then residential property funds are moving in with REITs and PAIFs.

These are going to push out small time BTL landlords. This is semi-official UK govt policy now.

phillw

David_Evans wrote: »

The buyers of ''Terraces in Barnsley'' are more likely to be large housing associations. For whole blocks of flats and upmarket houses, then residential property funds are moving in with REITs and PAIFs.

These are going to push out small time BTL landlords. This is semi-official UK govt policy now.

Right, but the money has to come from somewhere. Why not foreign investors? The whole premise of the thread is that crashing out will make us all poorer, so property will go down. But it won't make foreign investors poorer, it will probably make them richer in comparison to us.

People will still be trapped not being able to afford to buy, nobody will be cheering.

Autumn86

triathlon wrote: »

Yes, it is just lovely that so many lives would be destroyed.

Unlucky for you though is that all the power that is needed to stop your spiteful wish is out of your hands in the hands of more balanced minds, Brexit will never happen, sorry

Really, the last time I checked Brexit was set to happen in just 7-weeks time... :rotfl::rotfl:

Goodluck living in your warped fantasy-land though you snowflake. :money:

margaretx9

David_Evans wrote: »

I agree there has been a shift towards political populism. Most observers would agree.

But I think you underestimate the degree to which the UK govt will act to prop up the UK housing prices (in GBP terms). They've learnt from the early 1990s recession. They won't make the same mistake twice. They've got away with QE once. They'll do it again and trash the GBP.

A government led by May and Hammond yes.

One led by McDonnell and Corbyn elected by millions of remain voting young renters not so sure.

We of course forget that estimates of owner occupation are done at a household level. So an elderly lady living on her own in a four bed house counts the same as 4 young people renting the buy to let next door. Two households (50% owner occupied) - but one with four times the votes of the other (only 20% of of the combined 5 residents own).

60% of households owning their own home isn't the same as 60% of people and 60% of voters! The dynamics haven't changed yet - but as more rent and fewer own this will impact on voting and policies.

David_Evans

margaretx9 wrote: »

A government led by May and Hammond yes.

One led by McDonnell and Corbyn elected by millions of remain voting young renters not so sure.

We of course forget that estimates of owner occupation are done at a household level. So an elderly lady living on her own in a four bed house counts the same as 4 young people renting the buy to let next door. Two households (50% owner occupied) - but one with four times the votes of the other (only 20% of of the combined 5 residents own).

60% of households owning their own home isn't the same as 60% of people and 60% of voters! The dynamics haven't changed yet - but as more rent and fewer own this will impact on voting and policies.

You make an excellent point and I totally agree.

Paul Mason stated that if Labour took power, there may be ''run on the pound''.
Apparently Corbyn and McDonnell have war gamed this scenario.
But didn't let on what their plans would be.
Seeing as how most the UK govt gold supply has been sold years ago - my guess would be capital controls - of some type.

I agree the younger generation have been massively shafted by the govt - but more specifically the young working class.

My advice to them would be keep savings in something non-Sterling and safe.

David_Evans

Autumn86 wrote: »

Really, the last time I checked Brexit was set to happen in just 7-weeks time..:

I reckon this will be dragging on for 7 YEARS... !

David_Evans

phillw wrote: »

Right, but the money has to come from somewhere. Why not foreign investors? .

The money will come from anyone who wishes to buy shares in the fund / REIT.
Could be retail investors, UK, foreign, etc.
Just like saying where will the money come from to buy shares in Tesco or Amazon?