Housing Crash Coming

HarryCrowther

I've been anticipating a housing market crash for about 3 years already.
Everytime I renew my mortgage they hint that they think that there is probably going to be a crash in the housing market. I'm glad I bought when I did and wasn't put off. I'm also glad that I got a fixed rate, so I know where I stand.

Crashy_Time

triathlon wrote: »

And has zero chance of winning. Every day that passes now looks like a modest win for Boris, and Boris is not going to do anything to help crash the property market.

If Boris doesn`t get the juggling act right with the EU he might not have much say in it?

Crashy_Time

HarryCrowther wrote: »

I've been anticipating a housing market crash for about 3 years already.
Everytime I renew my mortgage they hint that they think that there is probably going to be a crash in the housing market. I'm glad I bought when I did and wasn't put off. I'm also glad that I got a fixed rate, so I know where I stand.

Who hints, the bank?

triathlon

Crashy_Time wrote: »

If Boris doesn`t get the juggling act right with the EU he might not have much say in it?

Oh please!!

For the last 3 years 6 months the EU negotiating team have taken great joy in watching the UK tear itself to pieces from within. There was so many "British" people fighting on the EU side claiming they were talking on behalf of what the British really wanted and ignoring the referendum.

Well when I posted that statement you quoted I knew Boris would win, but I never thought he would come romping home like he did. The EU are now negotiating with a fearless UK team that no longer have little annoying pests nipping at their ankles. OK the EU could screw us, but they won't because we can screw them back even worse. I never wanted to leave the EU, but it never hurt me like most because I knew either way we would be OK as a country.

Corbyn and his nutters were my biggest worry, and I will be honest to this board now, I think I might have slowly started off loading all of my portfolio had he got into power, and I know many others that would of done also. Not only am I not going to off load now, with Boris in power I can see a scenario where I might be buying more property in the years to come as Boris is not going to build new homes on any large scale, it's probably 30th in his scale of importance and it will not please a lot of his friends.

This election result up until now is probably going to be my best Christmas present:)

Phil4432

triathlon wrote: »

Oh please!!

For the last 3 years 6 months the EU negotiating team have taken great joy in watching the UK tear itself to pieces from within.

With respect, this is absolute nonsense. The UK has been one of the biggest contributors to the EU. Therefore, the prosperity of the UK has been in the interests of the EU.

If the UK becomes a rival to the EU, it will be in the EU's interests to have that rival diminished. That's how economics and rivalry work.

Please learn basic economics before voting.

You may wish to study the relation between trade and prolonged peace also.

Corbyn was also my biggest worry, on that we can agree upon. We've managed to unite to get rid of that absolute idiot. Hopefully we can find common ground on the next big issue.

Thrugelmir

MobileSaver wrote: »

A blanket 30% discount for FTBs was never on the table; the suggestion was for the discount to apply to local key workers who couldn't otherwise afford to buy in the local area.

Discount applies for perpetuity too. Always worth reading the small print.

AnotherJoe

HarryCrowther wrote: »

I've been anticipating a housing market crash for about 3 years already.
Everytime I renew my mortgage they hint that they think that there is probably going to be a crash in the housing market. I'm glad I bought when I did and wasn't put off. I'm also glad that I got a fixed rate, so I know where I stand.

Who are "they'" ?

HarryCrowther

They are the mortgage broker

Thrugelmir

HarryCrowther wrote: »

They are the mortgage broker

If people think that they'll be a crash then then there'll be one. If they don't there won't be. Things happen due to people's individual actions.

triathlon

HarryCrowther wrote: »

I've been anticipating a housing market crash for about 3 years already.
Everytime I renew my mortgage they hint that they think that there is probably going to be a crash in the housing market. I'm glad I bought when I did and wasn't put off. I'm also glad that I got a fixed rate, so I know where I stand.

There is large group of people who have been calling a crash for over 20 years now:)
Most sensible people find the trick is not timing the market, but just getting in there and starting as early as you can. What are those guys thinking now who sat on the sidelines in their 30's who are now in their 50's, tragic