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Housing market after Brexit
Comments
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The truth is, nobody knows.
What we do know is the MoneySavingExpert Mantra...
- Will you use it?
- Is it worth it?
- Have you checked prices elsewhere?
... if the answer is NO... DON'T BUY IT! :-DMortgage Free Wannabe
Currently £90,000+/- over 18 years!
Best MoneySaving Moments of this year?
- I saved £150 by repairing my MacBook myself using online guides!
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MoneySavingMole wrote: »The truth is, nobody knows.
What we do know is the MoneySavingExpert Mantra...
- Will you use it?
- Is it worth it?
- Have you checked prices elsewhere?
... if the answer is NO... DON'T BUY IT! :-D
Except point 2) seems to go out the door here when it comes to property.
https://moneyweek.com/510317/uk-house-prices-continue-their-long-slow-drift-lower/
Hopefully people are waking up though......0 -
Whether they're "fussed" or not is beside the point.Crashy_Time wrote: »So many or most of the EU 27 just won`t be fussed about not trading with the fifth largest economy in the world in your opinion? Excuse me if I don`t take your views entirely seriously.
You are a business in an EU27 country.
You buy widgets from a UK supplier now. Widgets have a 20% WTO tariff.
Now - you pay 0% tariff. Post-No-Deal - you pay 20% tariff.
Those widgets suddenly cost you 20% more if you buy from the UK supplier.
Do you continue to buy from that UK supplier? Or do you source a supplier within another EU27 country?
You are a business making widgets in the UK.
All your EU27 customers start to have to pay 20% more.
Your customers in countries with an EU 0% tariff trade deal start to have to pay 20% more, too.
Do you open a factory in an EU27 country to meet demand?0 -
Whether they're "fussed" or not is beside the point.
You are a business in an EU27 country.
You buy widgets from a UK supplier now. Widgets have a 20% WTO tariff.
Now - you pay 0% tariff. Post-No-Deal - you pay 20% tariff.
Those widgets suddenly cost you 20% more if you buy from the UK supplier.
Do you continue to buy from that UK supplier? Or do you source a supplier within another EU27 country?
You are a business making widgets in the UK.
All your EU27 customers start to have to pay 20% more.
Your customers in countries with an EU 0% tariff trade deal start to have to pay 20% more, too.
Do you open a factory in an EU27 country to meet demand?
You are someone who bought a house in the 90`s and who hoped it was now worth about ten times more than you paid, do you drop the price now to sell or take a 40%+ hit later when all the widget makers go bust? Interesting times.0 -
...and straight back to the monomania when it becomes obvious that he's been caught out talking guff on other subjects...0
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...and straight back to the monomania when it becomes obvious that he's been caught out talking guff on other subjects...
This article challenges a lot of the guff that someone might make up about widgets, but I would also welcome an outcome where bungalows bought in the 90`s for 80k dropped back to real value, that would be a result for society at large including widget makers on zero hours contracts.
https://www.spectator.co.uk/2018/08/whos-afraid-of-the-wto/0 -
You're expecting something other than borderline-Farragist propaganda from the Staggers...?0
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Yes, that's precisely what "no deal" means - WTO default tariffs. And they apply equally to EVERY country that there's no trade deal with. So the EU cannot choose to exempt post-brexit UK without a trade deal well under way, unless they drop those tariffs for ALL countries without trade deals. And, for many items, 20% would be a massive reduction.Crashy_Time wrote: »Let`s face it, the 20% on widgets just isn`t going to happen, you can admit that right?
And, no, article 24 does not apply.
https://commonslibrary.parliament.uk/brexit/no-deal-brexit-and-wto-article-24-explained/0 -
Crashy_Time wrote: »You are someone who bought a house in the 90`s and who hoped it was now worth about ten times more than you paid, do you drop the price now to sell or take a 40%+ hit later when all the widget makers go bust? Interesting times.
Accepting a 40% hit now would mean still mean a x6 increase in value compared to someone who sold and went into rented in the 90'sGather ye rosebuds while ye may0
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