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

chucknorris

GreatApe wrote: »

Extend & improve your properties

Adds to jobs
Adds to taxes
Adds to GDP

And in theory the return should exceed bonds and corporate paper and bank accounts.
I'm sure there must be companies who will offer a service where they do the bulk of the work so you wont need to worry much about the day to day aspects

I've had enough of being a landlord, so I want to sell up, I need to anyway, if I want to give myself a chance of spending the equity. I may sell one this year, or even 2 (as yesterday my wife asked me if I would consider selling my highest yielding property to her, to which I said that I probably would). there is an incentive to sell this tax year, because I have previously lived in 2 of my investment properties, and letting relief ends at the end of this tax year.

AnotherJoe

AG47 wrote: »

HPC in full swing, there is a rush to undercut if sellers want to sell now before huge falls over the next six months

https://www.theguardian.com/business/2019/apr/15/uk-property-market-in-line-for-summer-brexit-relief-rally-rightmove-prices
The property market is likely to stage a Brexit “relief rally” over the summer, according to Britain’s biggest property website, as it revealed signs of bounceback in prices over the past month.

AG47

AnotherJoe wrote: »

https://www.theguardian.com/business/2019/apr/15/uk-property-market-in-line-for-summer-brexit-relief-rally-rightmove-prices
The property market is likely to stage a Brexit “relief rally” over the summer, according to Britain’s biggest property website, as it revealed signs of bounceback in prices over the past month.

Ha desperate much?

How could extending the uncertainty ever be good for house proves.

The truth is the crash will more lower now that the uncertainty is being extended out even more

phillw

AG47 wrote: »

How could extending the uncertainty ever be good for house proves.

No matter how much uncertainty there is, my house is already proved.

AG47 wrote: »

The truth is the crash will more lower now that the uncertainty is being extended out even more

A lower crash suggests the prices don't drop as much, is that what you meant?

Crashy_Time

lisyloo wrote: »

I wouldn’t say not having savings or insurwnce is a failure of the benefits system.

I would say it’s a failure of personal financial planning and also the education system around that topic (that I know Martin lewis supports).

If someone has a home then surely it’s their personal resposibility to make sure their family are ok if they die, get sick, lose their job or have an accident.

The state is there as a safety net but not to keep people in the lifestyle they’ve become accustomed to.

This is very basic personal finance and maybe that’s the problem that the education around this is largely missing.

Do you think it is an accident, or some sort of oversight by the government that the public are not properly "financially educated" at school?

Crashy_Time

phillw wrote: »

The housing market will just become a target for large cash rich investors.

If smaller landlords pull out then they could create a monopoly which will allow them to push rents higher.

And then the Brexit/Corbyn/Farage/Protest vote surge will just get stronger and even angrier. The way to get the population back under control now is to push rents and house prices LOWER not higher.

phillw

Crashy_Time wrote: »

And then the Brexit/Corbyn/Farage/Protest vote surge will just get stronger and even angrier.

Farage is part of the elite wanting to achieve higher rents & brexit was the vehicle to make it happen.

Crashy_Time wrote: »

Do you think it is an accident, or some sort of oversight by the government that the public are not properly "financially educated" at school?

My guess is incompetence.

AG47

The property market does crash periodically

I suppose it depends on what you call a crash, and some crashes are bigger than others.

But one thing is certain the next crash isn’t too far off.

AG47

phillw wrote: »

Farage is part of the elite wanting to achieve higher rents & brexit was the vehicle to make it happen.



My guess is incompetence.

How can all this uncertainty achieve higher rents and house prices?

Brexit uncertainty and keep being postponed is going to lower rents and house prices :rotfl::rotfl:

Herzlos

I think a lot of potential buyers stopped for a while around March, but aren't going to wait forever for something to happen, and since Brexit looks less likely by the day some will decide to just go for it.


There was likely also some bringing forward of purchases to be completed before Brexit, which would explain the current slowdown but would need to start normalizing at some point.


I still don't get your obsession with this next crash - are you hoping it'll help you buy something?