Housing Crash Coming

triathlon

Windofchange wrote: »

I'm sure he'll be along soon enough to put things straight - I'll check back in another couple of years. Perhaps he's with me on Ironman now watching the Ironman World Championships given his username.

Don't rush back

RealElement47

Things are more uncertain and more unstable than ever before

Anything could happen

Why extend the uncertainty and instability even more? Crazy days

phillw

RealElement47 wrote: »

Why extend the uncertainty and instability even more? Crazy days

It depend on the outcome. Voting for the deal put before parliament extends uncertainty, as it just sets out what will happen until the end of 2020 & no further. Delaying brexit actually gives us more short term certainty and the possibility to get more medium and long term certainty.

If the PM changes his approach (or we change PM) then we can get some certainty, not before.

The-Joker

phillw wrote: »

It depend on the outcome. Voting for the deal put before parliament extends uncertainty, as it just sets out what will happen until the end of 2020 & no further. Delaying brexit actually gives us more short term certainty and the possibility to get more medium and long term certainty.

If the PM changes his approach (or we change PM) then we can get some certainty, not before.

There is more uncertainty than ever before

This is going to bad if it gets dragged out even more

phillw

The-Joker wrote: »

There is more uncertainty than ever before

The only way to increase the uncertainty now would be for boris to get parliament to vote for his deal.

But you live with uncertainty every day. You never know if you will be alive tomorrow, there is only one way that uncertainty can end. Often uncertainty is better than certainty.

Especially when living and also remaining in the EU is so much better for you than the alternatives.

Unless Boris gets his way then we aren't leaving without a deal. He's just using that as a threat to con us (like he conned everyone during the referendum)

The-Joker

phillw wrote: »

The only way to increase the uncertainty now would be for boris to get parliament to vote for his deal.

But you live with uncertainty every day. You never know if you will be alive tomorrow, there is only one way that uncertainty can end. Often uncertainty is better than certainty.

Especially when living and also remaining in the EU is so much better for you than the alternatives.

Unless Boris gets his way then we aren't leaving without a deal. He's just using that as a threat to con us (like he conned everyone during the referendum)

You can’t argue that we live with uncertainty every day so it’s no big deal for this to keep being postponed

This uncertainty is killing the economy

Kicking the can down the road just makes it worse when it finally hits the wall

hinchy70

FtbDreaming wrote: »

Im hoping there will be a crash and it will be good for me! NHS Nurse hoping to be a first time buyer. There will alway be work for me.

Who will lend to you using a depreciating asset as collateral? maybe when the dip is over it will allow you to get in at the "bottom" and you may find you have some equity in the medium term - all hypothetical

MobileSaver

hinchy70 wrote: »

Who will lend to you using a depreciating asset as collateral?

This is one of the fundamental flaws in the HPC thinking - they delude themselves that house prices will crash in complete isolation to the rest of the financial markets.

Somehow they have convinced themselves that as house prices fall, lenders will be falling over themselves to offer mortgages to anyone and everyone with tiny deposits and all-time-low interest rates.

Sailtheworld

MobileSaver wrote: »

This is one of the fundamental flaws in the HPC thinking - they delude themselves that house prices will crash in complete isolation to the rest of the financial markets.

They are mad. House prices are going to crash but they're going to keep their jobs, lenders won't be demanding higher deposits or otherwise tightening lending criteria and deposit protection schemes will be just as secure. Housing would be a wonderful diversifier if it wasn't correlated to the wider economy but, of course, it is.

I think it's Westernpromise who posts here who says something like 'if you want to know who will be owning homes after a crash just look at who owns them before - it'll be the same people'.

That sounds about right to me. The number of forced sellers will no doubt increase but the rest will close shop and the HPC crew, from their rented accommodation, will be shrilly complaining about deluded sellers.

RealElement47

MobileSaver wrote: »

This is one of the fundamental flaws in the HPC thinking - they delude themselves that house prices will crash in complete isolation to the rest of the financial markets.

Somehow they have convinced themselves that as house prices fall, lenders will be falling over themselves to offer mortgages to anyone and everyone with tiny deposits and all-time-low interest rates.

Actually this is a delusional viewpoint of many perma propert Bulls how those of us who are not perma prop bulls are thinking.

We do not think property will correct down in isolation at all, we think eveything with be chaos. The banks will be in serious trouble and lending will dry up altogether.

How much is your house really worth if mortgages are not available in the coming chaos?