Extend the uncertainty?

lisyloo

RealElement47 wrote: »

Yes but they will wait for the crash

You’ve failed to get the point about currency.
House prices for foreigners become cheaper if the £ falls against their own local currency.
They don’t need to wait for a property crash which takes time, only a GBP fall.

lisyloo

RealElement47 wrote: »

Even the governor of the Bank of England dais 30% crash if no deal

We’re not getting a no deal, it’s all a bluff.
Europe aren’t renegotiating.
No deal can’t be aligned to the good Friday agreement which Boris says he respects.
It cannot be squared.
We’re having a GE, Corbyn government, second ref and then remaining :T
You heard it here first.

If you think you are the ONE who can solve the border here, then put your solution here as so far is an unsolvable problem.
I doubt you are the one to solve it but give it a go. If

westernpromise

Great comment over on the DT today:

Everyone in Britain deserves a large detached house, BMW, 2 family holidays a year, the latest iPhone, and an enormous television showing all 80,000 channels, without having to work for any of it. That not everyone has this is a clear indication that selfish tories have stolen everyone else's wealth.

About right, crashtrolls?

phillw

AG47 wrote: »

Say what you like but here is less uncertainty with Boris.

Yes, every time Boris opens his mouth the value of sterling goes down and property becomes less affordable. Foreign investment will rush in as property is becoming a real steal if you have your money in euro or USD.

Real certainty there.

lisyloo wrote: »

We’re having a GE, Corbyn government, second ref and then remaining :T

I think it's wishful thinking, the Tories are more worried about their own survival than the country & so Boris could just take us out of the EU with no deal and blame everyone else and hope it works (the Tories are moving into full delusion mode and so it might).

AG47

triathlon wrote: »

Businesses will go bust, hard earned life savings lost from working those 14 hour daily shifts, families put onto the streets
Do you know what, I can sense a big smile across your face at the thought of that

Nobody should smile at the misfortunes of others

I especially hate the manipulation and distortion of markets. This long awaited correction that will be forced on the uk through no deal will be painful but nessasary to return to free markets.

lisyloo

phillw wrote: »

the Tories are more worried about their own survival than the country & so Boris could just take us out of the EU with no deal and blame everyone else and hope it works (the Tories are moving into full delusion mode and so it might).

There are 30+ Tory rebels willing to defy the whip.
https://www.theguardian.com/politics/2019/jul/07/30-plus-tory-rebels-willing-to-defy-whip-and-block-no-deal-brexit

How does no deal work with the good Friday agreement?

Do you not think there will be lots of people trying to stop this?
E.g. no confidence vote.

Wishful, yes certainly. I wish we don’t go down this route as I think it’s going to be bad for a lot of people.
My portfolio goes up as the £ sinks but I can see past that.

RealElement47

Do or die we are leaving on 31st

We all know they will never come to any agreement, so no deal chaos it is.

Herzlos

AG47 wrote: »

I especially hate the manipulation and distortion of markets. [/quote]

...

This long awaited correction that will be forced on the uk through no deal will be painful but nessasary to return to free markets.

Isn't that market manipulation?


As said, even if house prices drop 30% (and everyone who has a pension,savings, etc. with property in it takes an appropriate dip), mortgage criteria will tighten by at least 30% (because what if it gets worse).
So now UK property is 30% cheaper, and say GBP is 30% cheaper, that means to foreigners and tycoons with non-GBP funds, UK housing has just become 51% cheaper and it'll get hoovered up, pushing the prices (but probably not the lending criteria) back up.


You, as a Mr Normal man who doesn't have $500,000 in cash sitting offshore, won't be able to afford anything you couldn't already do, whilst Mr Foreigner has scooped up some investment properties and Mr Banker has made a few multiples of your lifetime income in bonus for some market shorting.


Remember, for house prices to drop 30%, you'd need to get to a point where people can't afford to pay more and it stops, and for that to happen you're also at great risk of being one of the newly unemployed.


Instead of sitting at home fantasizing about a property crash, focus on restoring your credit rating, clearing your debt and getting yourself into a position to buy.

lisyloo

Is that Johnny Foreigner?

Herzlos

AG47 wrote: »

Say what you like but here is less uncertainty with Boris.

I'm not so sure even Boris believes Boris. There is more certainty, in that things are going to be bad, but we don't have any idea what kind of bad, how bad or when.


He's already talking about staying in the CU/SM for another 2 years if the EU drops the backstop. He's already trying to soften people up for betrayal.


As said, he's committing to upholding the GFA, the US are pressing on him to uphold the GFA, and there's no way to do that from outside a customs union.