Can you imagine the destruction in the UK if the property market crashed

Thrugelmir

Malthusian wrote: »

I like this new political elite that is elite by being virtue of virtually powerless.

The lack of big hitters in all the main parties is the reason for the void. We are in an era of celebrity politics where some people receive more air time than they actually deserve.

phillw

lisyloo wrote: »

This seems like a silly Argument to me.
Who is going to enforce a no deal brexit?
The EU? - they don’t want it?

Right, but that is like saying you don't want cancer so you aren't going to seek treatment.

Things don't need to immediately change, the EU is a pragmatic organisation. However they will need to be enforced, because otherwise we'll be taking advantage of them & they shouldn't stand for that.

It was certainly a mistake to have a referendum on something that 52% of the country seem to have difficulty understanding.

Thrugelmir

phillw wrote: »

It was certainly a mistake to have a referendum on something that 52% of the country seem to have difficulty understanding.

Fortunately authoritarian states over the years in the end succumb to the will of ordinary people. As power corrupts.

phillw

Thrugelmir wrote: »

Fortunately authoritarian states over the years in the end succumb to the will of ordinary people. As power corrupts.

Authoritarian states are also introduced by the will of the people, which is exactly what happened in 2016 (trump and brexit are the rise of authoritarianism). Goodbye democracy, you will be missed.

Authoritarian regimes only tends to end after a war or an economic collapse, something to look forward to.

The-Joker

Its looking like a hard crash out this Friday will mean an even larger crash in property over the next decade

lisyloo

The-Joker wrote: »

Its looking like a hard crash out this Friday will mean an even larger crash in property over the next decade

It’s looking like an extension.

lisyloo

homeless9 wrote: »

I am not sure what you have been reading, but....

When a lot of younger people have saved their butts off, like really saved their nuts off, yet house prices have risen at such a rate that you'd have to be saving £10,000-15,000+ per year just to have kept up with the price increases of 2 bedroom homes..... then something is wrong...that's my situation.

The government have done nothing to push house builders to get on and build. They have introduced a Help To Buy Scheme, giving people up to a 20% loan to help them buy a property, they are effectively saying 'house prices are 20% overpriced so here's a big fat loan so you can help keep up the demand for housing and increase house prices even more'.

My parents bought a large 3 bedroom home for £65,000 in the late 80's on a £7,000 teachers income and had 2 children at the time. For a couple to buy that same house today, valued at £450,000, as an example - they'd need a household income of £80,000 and a whopping £90,000 deposit.

Houses are waaaaaaaay overvalued. If the Government is only making house prices increase, and making it even harder year on year to get on the property ladder, then I am glad if the people are wanting change and wanting house prices to drop and maybe they are taking action in a drastic way, but have no choice. We will see how things play out....but a 20% drop would be welcome.

Why have you not decided to move out of living in an extremely expensive area on a low wage?

This is YOUR issue and as you saw on your poll thread plenty of others are managing to buy.

For some inexplicable reason you won’t do what you could do and you’ve said it is an option for you to move. The answer is in YOUR hands.

Posting an being an armchair warrior will not acheive your aims.
Moving would.

phillw

Malthusian wrote: »

Cameron, being the Prime Minister of the UK at the time, caused Brexit. If Cameron had decided not to call a referendum, what would Farage have done about it using his elite-class political power? Balled up his little fists and cried?

It was the ERG that forced Cameron to call a referendum. You'll have to ask them what power they exerted over the prime minister.

Leave voters are funding Rees Moggs pension at their own expense. I'm sure he's grateful, but please leave or he'll call the hounds.

The-Joker

What will be the effect on property now that the uncertainty has been extended even more?

Are we looking at a much longer drawn out house price crash?

Herzlos

The-Joker wrote: »

What will be the effect on property now that the uncertainty has been extended even more?

Are we looking at a much longer drawn out house price crash?

I think people will just ignore the uncertainty and get on with their lives. Brexit is less likely with every passing week.