Extend the uncertainty?

51mm5

There’s been certainty since the referendum yet house prices rises have only slowed and not fallen, so no reason why that changes until a decision has been made.

AG47

The worst thing that could ever happen now is an even longer extension. This will make the HPC even more than 35% and take longer to hit bottom and start he next up move. It could be several years falling house prices until the next cycle.

To extend the uncertainty would be devastating. Far better to just have no deal on April 12 take the pain and en get on with healing. Then only a 35% crash in property, or no even hat, instead of falling property for years and years due to the fallout from the uncertainty.

Pull the band aid off in one painful move then work on building trade deals, of which many are already in place.

Taking months more, or even years as some are suggesting will not only prolong the pain but make it much worse at the end of the extension.

It's going to be very very hard times for many, why not just rip the bandaid off no and then get over the pain instead of extending it and making it worse....

chucknorris

AG47 wrote: »

The worst thing that could ever happen now is an even longer extension. This will make the HPC even more than 35% and take longer to hit bottom and start he next up move. It could be several years falling house prices until the next cycle.

To extend the uncertainty would be devastating. Far better to just have no deal on April 12 take the pain and en get on with healing. Then only a 35% crash in property, or no even hat, instead of falling property for years and years due to the fallout from the uncertainty.

Pull the band aid off in one painful move then work on building trade deals, of which many are already in place.

Taking months more, or even years as some are suggesting will not only prolong the pain but make it much worse at the end of the extension.

It's going to be very very hard times for many, why not just rip the bandaid off no and then get over the pain instead of extending it and making it worse....

So it looks like we are all doomed again?

AG47

chucknorris wrote: »

So it looks like we are all doomed again?

Not all of us only property owners and the wealthy :rotfl:

Herzlos

property owners and the wealthy will be least affected by the fallout. They've got more buffers and protections than poor renters do.

undetterred

Herzlos wrote: »

property owners and the wealthy will be least affected by the fallout. They've got more buffers and protections than poor renters do.

Is'nt that what's supposed to happen? complete anarchy so a few renters can get on the ladder otherwise?

Herzlos

I've no idea. We've been taking part in an uprising against the elite, lead by caricatures of the elite. Farage is a wealthy ex-banker, and Reese-Mogg couldn't look like more of a dickensian villian if he tried.


I honestly don't know what the Brexiteers to HPC'ers are expecting to happen.

phillw

undetterred wrote: »

Is'nt that what's supposed to happen? complete anarchy so a few renters can get on the ladder otherwise?

What is supposed to happen is complete anarchy so the elite can profit even more. If you are a cash buyer then you'll make a killing.

AG47

Herzlos wrote: »

property owners and the wealthy will be least affected by the fallout. They've got more buffers and protections than poor renters do.

Not true, if the 35% HPC is just the start, and it starts a rush to sell undercutting each other keep lowering the price to sell property before it goes even lower,

I'd say that will affect the property owners more than renter, who will be happy to EE lower and lower and rents every year for several yeRs

AG47

phillw wrote: »

What is supposed to happen is complete anarchy so the elite can profit even more. If you are a cash buyer then you'll make a killing.

Yep, when the banks seriously restrict lending almost stopping altogether, then cash buyers will be the only ones able to buy.

But wait until the bottom, property will be falling for years yet