Another plus for no deal Brexit....

wymondham

https://www.bbc.co.uk/news/business-49543575

excellent!

Herzlos

House prices only fall when people can't afford them. That's not good news for most people.

triathlon

For crying out loud, do we really need another "Brexit will cause house prices to plummet" thread on here?
I am just amazed that there are so many people in this country who are celebrating it's coming collapse because they failed in life. There is no difference between this mentality and someone wanting a meteor to crash into Earth in order to re balance wealth distribution.

I am willing also to bet that the failures in life now will be in the same order on the food chain once we become poorer, it's amazing want envy does to some people.

Conina

You could solve two problems in one if you really wanted to; all the diehard remainers sell up their London & home counties pads and move to Scotland where housing is much cheaper and then vote in favour of Scottish independence ... voila!

phillw

Conina wrote: »

You could solve two problems in one if you really wanted to; all the diehard remainers sell up their London & home counties pads and move to Scotland where housing is much cheaper and then vote in favour of Scottish independence ... voila!

Or those who vote to leave could do just that. North Korea would probably have you, they have a leader very similar to the ones favored by leave voters as well.

DannyGold

Herzlos wrote: »

House prices only fall when people can't afford them. That's not good news for most people.

When people cant afford them they have to fall to the level people can afford

DannyGold

"London will probably see a fall in prices with or without an exit deal this year and next, it said, with sharper declines if no deal is reached."

Should say further falls likely whatever happens

Herzlos

DannyGold wrote: »

When people cant afford them they have to fall to the level people can afford

Indeed, but that works if people are sort of equal, and inequality is at a historic high.


The people who're most likely to lose out from Brexit are the poorest, via cost of living increases and loss of jobs. They drop affordability and thus prices go down, right?
But then you've got the rich, who aren't as affected and can still afford more, right?
So if house prices just keep dropping, they'll eventually hit a point where they become a good investment for the speculator or landlord. Given the speculators and landlords are at the rich end of the spectrum, do you think that buying point will be higher or lower than the squeezed poor?


So a downturn will push house prices down, the only people who can take advantage of it are those who are already rich and can already afford the property, and the people who lose out are the ones who hope a price crash will mean they can buy a cheaper property.

StevieJ

wymondham wrote: »

https://www.bbc.co.uk/news/business-49543575

excellent!

I assume you will be supporting Corbyn in the coming election then

DannyGold

Either way it’s downwards pressure on HP’s

Once the wheel starts rolling downhill, it will pick up speed.

The bottom of the next downturn will take a while

triathlon

DannyGold wrote: »

Either way it’s downwards pressure on HP’s

Once the wheel starts rolling downhill, it will pick up speed.

The bottom of the next downturn will take a while

Oh go back to housepricecrash.com where that nonsense belongs