Has anyone seen any problems in their local economies that suggests a recession is coming

itwasntme001

triathlon wrote: »

Could not agree more.
He should go to the mad HPC.com website if wants so see a good reason why you should not wait for a crash, 20 years they have been waiting now, all those wasted years and lives.

So im a crash troll with nearly all my net worth in stocks and property? Property being in London as well? OK.


I was merely asking the question about possibly waiting maybe a year or so if there is likely to be a recession. I'm not one of those people who will wait forever. Besides i have a lot more research to do which will take time.

Thrugelmir

triathlon wrote: »

Looks like Brexit fears are finally hitting home,

Not Brexit. Headwinds are coming from other directions. The UK's consumers couldn't carry on borrowing indefinately. Been propping up the economy for some years.

triathlon

Thrugelmir wrote: »

Not Brexit. Headwinds are coming from other directions. The UK's consumers couldn't carry on borrowing indefinately. Been propping up the economy for some years.

It's not all Brexit I agree, but it has played a big part. How will they fix things is my worry, lend their way out or the opposite and get a credit crunch. If things do get worse then it has been fun while it lasted, over 20 years of someone paying my mortgages while giving me an income.

melanzana

UK will take off and be great again if Brexit is shelved, as in A50 revoked for the moment.

There is plenty of time to do it right, with a big sketch of a plan, and a way to keep the vultures out of it.

But being sensible, and looking after the people of the UK in the round is lacking I think. Everyone knows it.

The Emperor needs to go to get some clothing stat.

Thrugelmir

triathlon wrote: »

It's not all Brexit I agree, but it has played a big part. How will they fix things is my worry, lend their way out or the opposite and get a credit crunch. If things do get worse then it has been fun while it lasted, over 20 years of someone paying my mortgages while giving me an income.

Honda closing is a good example of the rapidly changing world. Next generation technologies are on their way. Highly automated manufacturing is the next industrial revolution.

lisyloo

I’m in London so not seeing any signs, but I am concerned about what’s happening in the car industry and I don’t think the fall in sales is related to brexit.
If I were thinking of a purchase now I would probably delay buying another petrol/diesel vehicle. I haven’t researched but my perception is that I’m better off delaying for improvements in battery technology.

So I think there are other issues and of course it’s easy to blame brexit uncertainty.

phillw

With half the country thinking brexit will be amazing then I don't expect to see much slow down until we actually leave.

Jacob Reese Mogg has predicted that the damage from brexit may only last 50 years. So that's ok.

AG47

triathlon wrote: »

For several weeks now I have had various conversations with various industries and people on how they are struggling with orders and work, Just had a conversation with some top end builders who have dried up with a few of them taking a long summer break abroad and making the most of it, and hoping things will be better in the Autumn. I know a few retailers and friends in the food industry and they have been hit for quite a while now.

Looks like Brexit fears are finally hitting home, how can this country be so stupid, lets just pray we come to our senses before it gets worse. Thank God I am in the BTL game, the last place people will cut back will be the roof over their head. I suspect a recession is heading our way by the end of 2019/start of 2020. Has anyone else seen any warning signs?, it seems to be hitting so many areas now, even the trades, plumbers, chippies and sparks who I know a lot of and who you can never tie down are finding things a little tougher which is a shocker for me. But looking on the bright side I can start fishing around more for cheaper prices now.

Yes the bright side is you will definitely see lower price on properties.

But the bad news is rents are falling as well

lisyloo

AG47 wrote: »

Yes the bright side is you will definitely see lower price on properties.

But the bad news is rents are falling as well

Any links for that?
You have a very poor record on predictions.

https://www.theguardian.com/business/2018/aug/09/rents-in-uk-will-rise-for-next-five-years-experts-predict

https://www.homesandproperty.co.uk/property-news/renting/renting-london-forecast-brexit-uncertainty-will-push-rents-up-faster-than-house-prices-by-2023-a126901.html

westernpromise

AG47 wrote: »

But the bad news is rents are falling as well

Rents are not falling
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/april2019
Index of Private Housing Rental Prices, UK: April 2019
1. Main points

• Private rental prices paid by tenants in the UK rose by 1.2% in the 12 months to April 2019, unchanged from March 2019.
  
• In England, private rental prices grew by 1.2%, Wales experienced growth of 1.1%, while in Scotland private rental prices increased by 0.7% in the 12 months to April 2019.
  
• London private rental prices rose by 0.5% in the 12 months to April 2019, unchanged from March 2019.