Should I delay the exchange of contract beyond 31 Oct

opteron

Lungboy wrote: »

What emergency September budget?

Multiple sources have reported that BJ is preparing an emergency budget that prepares for a no-deal Brexit, which includes a stamp duty reform.

I'm afraid as a new user I'm not allowed to post links here.. But if you google 'boris johnson stamp duty' or 'boris johnson emergency budget' you will see many related news articles.

markin

Aug 9th ..
Brexit IMMINENT: Boris Johnson tells cabinet to rush through budget plans now

BORIS Johnson is planning to inject more cash into schools, hospitals and the police as he seeks to “clear the ground” for the looming Brexit deadline.

The Prime Minister and Chancellor Sajid Javid have instructed departments to complete their budgets for 2020/21 by September, with less than three months to go until the the UK leaves the EU. The fast-track plan is aimed at freeing up departments, who had originally been ordered to budget for three years. Mr Javid said: “We will get Brexit done by October 31 and put our country on the road to a brighter future.

“The prime minister and I have asked for a fast-tracked spending round for September to set departmental budgets for next year.
“This will clear the ground ahead of Brexit while delivering on people’s priorities.”
The one-year review into public spending and investment comes after Mr Johnson vowed to put an extra 20,000 police officers on the streets.
.... .... ....
https://www.express.co.uk/news/politics/1163663/boris-johnson-no-deal-brexit-budget-sajid-javid-treasury

Lungboy

Ah, the Express. Surprised they could find space between their reports on Diana to mention it. I don't think I'll be planning my financial future based on the Express.

Crashy_Time

specialhat wrote: »

That depends how much equity you have.

Of course, but why make a loss if you can avoid it?

lisyloo

Crashy_Time wrote: »

Of course, but why make a loss if you can avoid it?

Because nobody knows that’s going to happen.
A lot of the uncertainty is already priced in, so there’s a possibility of getting a bargain if it proves to be overdone.

Personally I think we’re going to be dealing with uncertainty for many years to come, whether that’s a sector-by-sector US deal or an extension of article 50 or a second ref or the withdrawal agreement.

It’s not all going to be done and dusted at Halloween and no amount of bluster will make it so.

If I had a good deal on a dream home and was planning on staying there a while then I’d take it and start building the equity from month 1.

Crashy_Time

lisyloo wrote: »

Because nobody knows that’s going to happen.
A lot of the uncertainty is already priced in, so there’s a possibility of getting a bargain if it proves to be overdone.

Personally I think we’re going to be dealing with uncertainty for many years to come, whether that’s a sector-by-sector US deal or an extension of article 50 or a second ref or the withdrawal agreement.

It’s not all going to be done and dusted at Halloween and no amount of bluster will make it so.

If I had a good deal on a dream home and was planning on staying there a while then I’d take it and start building the equity from month 1.

You can`t get a "good deal" on a dream home at the tail end of the biggest property/credit bubble in history, that is why the OP is rightly concerned, and if the volatility you predict happens they won`t be "building equity" either IMO.

RelievedSheff

Crashy_Time wrote: »

You can`t get a "good deal" on a dream home at the tail end of the biggest property/credit bubble in history, that is why the OP is rightly concerned, and if the volatility you predict happens they won`t be "building equity" either IMO.

For how long have you been predicting a crash?

Crashy_Time

RelievedSheff wrote: »

For how long have you been predicting a crash?

I predicted, or agreed with the prediction that a banking/credit crisis would morph into a sovereign debt crisis and eventually into a political crisis (guess which point we have reached?) and that nothing would really be fixed in the financial system and that central banks would have less tools to fight the next downturn/credit crunch when it comes (it is lumbering towards us now) Someone spending or borrowing 500k or 750k on property is right to be very concerned IMO.

lisyloo

Crashy_Time wrote: »

I predicted, or agreed with the prediction that a banking/credit crisis would morph into a sovereign debt crisis and eventually into a political crisis (guess which point we have reached?) and that nothing would really be fixed in the financial system and that central banks would have less tools to fight the next downturn/credit crunch when it comes (it is lumbering towards us now) Someone spending or borrowing 500k or 750k on property is right to be very concerned IMO.

So can you tell us how much you made from you predictions?
You don’t have to give any information that would ID you or even give asset classes.
Or if easier just tell up your net worth.
Some people giving advice on here are bankrupts.

Crashy_Time

lisyloo wrote: »

So can you tell us how much you made from you predictions?
You don’t have to give any information that would ID you or even give asset classes.
Or if easier just tell up your net worth.
Some people giving advice on here are bankrupts.

Or soon to be bankrupts, yes I agree. Still don`t get how someone who supposedly bought in the early 90`s and is diversified across asset classes apparently could be so terrified of a house price correction though?