Boris announcement on new deposit scheme?

MobileSaver

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

there will be less people looking for rented in the recession that B.J obviously knows will hit house prices therefore rents should be cheaper as well?

Why would there be less people looking for rented in a recession? Wouldn't there be more renters if less people can afford to buy a house? Otherwise where are all the current renters going to live? You are not still seriously suggesting they're all going to move back in with mum and dad are you?

Similarly, the UK population increases by several hundred thousand every year and most (all?) predictions expect this to continue for many years to come...

... so where are all these new people going to live if they're not renting or buying a house?!?!

Where were they living in July?
https://www.theguardian.com/money/2020/jul/15/london-rents-falling-tenants-coronavirus-lockdown

Oh dear, oh dear, oh dear! Do you actually read the articles you link to?!?!

The irony is the article confirms exactly what many of us here predicted and what you repeatedly ridiculed: "People are leaving the city ... and they work from home elsewhere". So yes of course there will be less demand (and therefore lower prices/rents) in undesirable areas which will be balanced by higher demand in nicer areas.

Crashy_Time said:

Let`s see how next July pans out shall we before we jump to accept your "constant and unchanging (unless it`s up, LOL) demand" theory?

Next July?!?! Wow, so you're basically admitting that anyone hoping for a house price crash will have to wait for the better part of another year? And, of course, as is usual for the HPC crowd, come next July there'll be a different reason why the crash has happened but it's definitely imminent this time...

hippocrates1

Crashy_Time said:

hippocrates1 said:

Crashy_Time said:

hippocrates1 said:

I think it would be very beneficial someone like me, a doctor who is not going to be made unemployed but who is wasting money on renting. 

A price correction or crash would be much more beneficial for you than being milked to keep a bubble afloat, and there will be less people looking for rented in the recession that B.J obviously knows will hit house prices therefore rents should be cheaper as well?

Landlords won’t reduce rent charges 

Are you really a doctor?

Yes what do you want my GMC number 😂
what sort of crazy landlord contacts their tenants to reduce their rents. All way too greedy for that!

Crashy_Time

hippocrates1 said:

Crashy_Time said:

hippocrates1 said:

Crashy_Time said:

hippocrates1 said:

I think it would be very beneficial someone like me, a doctor who is not going to be made unemployed but who is wasting money on renting. 

A price correction or crash would be much more beneficial for you than being milked to keep a bubble afloat, and there will be less people looking for rented in the recession that B.J obviously knows will hit house prices therefore rents should be cheaper as well?

Landlords won’t reduce rent charges 

Are you really a doctor?

Yes what do you want my GMC number 😂
what sort of crazy landlord contacts their tenants to reduce their rents. All way too greedy for that!

Do you contact your patients to see if they are feeling ill? It is up to the tenant to find and make contact with landlords offering cheaper rent.

Crashy_Time

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

there will be less people looking for rented in the recession that B.J obviously knows will hit house prices therefore rents should be cheaper as well?

Why would there be less people looking for rented in a recession? Wouldn't there be more renters if less people can afford to buy a house? Otherwise where are all the current renters going to live? You are not still seriously suggesting they're all going to move back in with mum and dad are you?

Similarly, the UK population increases by several hundred thousand every year and most (all?) predictions expect this to continue for many years to come...

... so where are all these new people going to live if they're not renting or buying a house?!?!

Where were they living in July?
https://www.theguardian.com/money/2020/jul/15/london-rents-falling-tenants-coronavirus-lockdown

Oh dear, oh dear, oh dear! Do you actually read the articles you link to?!?!

The irony is the article confirms exactly what many of us here predicted and what you repeatedly ridiculed: "People are leaving the city ... and they work from home elsewhere". So yes of course there will be less demand (and therefore lower prices/rents) in undesirable areas which will be balanced by higher demand in nicer areas.

Crashy_Time said:

Let`s see how next July pans out shall we before we jump to accept your "constant and unchanging (unless it`s up, LOL) demand" theory?

Next July?!?! Wow, so you're basically admitting that anyone hoping for a house price crash will have to wait for the better part of another year? And, of course, as is usual for the HPC crowd, come next July there'll be a different reason why the crash has happened but it's definitely imminent this time...

So London is an "undesirable area" now? LOL. What happens to demand if the person already owns a home "elsewhere", or moves back with their parents "elsewhere" (basically a No Brainer for some young people either losing a job or able to WFH and seeking to escape the city for a while) ? And all this before Brexit even kicks in........I suppose you think your area is "desirable"? Let`s see how "desirable" it is when half of Manchester move there..LOL. (Don`t worry it isn`t really going to happen) Your unwillingness to just accept that the outlook for the economy and housing Ponzi has permanently shifted is quite something to behold!

tim_london

I see your:
https://www.theguardian.com/money/2020/jul/15/london-rents-falling-tenants-coronavirus-lockdown

And I'll counter with:
https://www.bbc.co.uk/news/business-53995878 (House prices at all-time high, says Nationwide - Sep 2)
https://www.bbc.co.uk/news/business-54454990 ('Lockdown city living 'wasn't the best idea' - Oct 9)

All speculations and clickbaits.    
Feel free to hold on to all your cash and speculate on the imminent crash.  Be-careful not to be burned by govt printing money now.
Meanwhile owning a home is an investment and most of all - security.  The sooner you get there the better.  5% deposit is always better than 15% deposit.  If we're screwed then we're screwed.  Speculating on market is the last thing anybody should do.

MobileSaver

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

https://www.theguardian.com/money/2020/jul/15/london-rents-falling-tenants-coronavirus-lockdown

The irony is the article confirms exactly what many of us here predicted and what you repeatedly ridiculed: "People are leaving the city ... and they work from home elsewhere". So yes of course there will be less demand (and therefore lower prices/rents) in undesirable areas which will be balanced by higher demand in nicer areas.

So London is an "undesirable area" now? LOL

That's hilarious! You were the one that to prove your point linked to an article that says "tenants are fleeing London, and the property market is cracking" and then an hour later you're discrediting what the article says!

Crashy_Time said:

What happens to demand if the person already owns a home "elsewhere", or moves back with their parents "elsewhere"

Yes, some people will have an empty second home and yes a small number of people will move back to parents but to suggest 100% of all those people moving out of the cities have one or the other is ludicrous. QED there will be an increase in demand in other areas.

Crashy_Time said:

I suppose you think your area is "desirable"?

The facts speak for themselves; as of today only two properties are available to buy (and none available to rent) in my area and one of those only came on the market last month, even the listed building I've mentioned before is now SSTC...

Crashy_Time

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

https://www.theguardian.com/money/2020/jul/15/london-rents-falling-tenants-coronavirus-lockdown

The irony is the article confirms exactly what many of us here predicted and what you repeatedly ridiculed: "People are leaving the city ... and they work from home elsewhere". So yes of course there will be less demand (and therefore lower prices/rents) in undesirable areas which will be balanced by higher demand in nicer areas.

So London is an "undesirable area" now? LOL

That's hilarious! You were the one that to prove your point linked to an article that says "tenants are fleeing London, and the property market is cracking" and then an hour later you're discrediting what the article says!

Crashy_Time said:

What happens to demand if the person already owns a home "elsewhere", or moves back with their parents "elsewhere"

Yes, some people will have an empty second home and yes a small number of people will move back to parents but to suggest 100% of all those people moving out of the cities have one or the other is ludicrous. QED there will be an increase in demand in other areas.

Crashy_Time said:

I suppose you think your area is "desirable"?

The facts speak for themselves; as of today only two properties are available to buy (and none available to rent) in my area and one of those only came on the market last month, even the listed building I've mentioned before is now SSTC...

The link is about falling rents in London, and better deals for people renting in London, no one (except you it seems) expects London to be empty this time next year, why can`t you just accept that rents can fall as well as rise, LOL. No one is saying 100% of anybody is doing anything, the market is made up of various levels of sentiment and behaviour, which is even harder to predict in the present climate. What I AM saying is that a lot of young people have the option of going to parents, meaning the landlord loses out, and the effect of a proper recession plus likely difficult Brexit has to be taken into consideration.

MobileSaver

Crashy_Time said:

MobileSaver said:

That's hilarious! You were the one that to prove your point linked to an article that says "tenants are fleeing London, and the property market is cracking" and then an hour later you're discrediting what the article says!

Crashy_Time said:

What happens to demand if the person already owns a home "elsewhere", or moves back with their parents "elsewhere"

Yes, some people will have an empty second home and yes a small number of people will move back to parents but to suggest 100% of all those people moving out of the cities have one or the other is ludicrous. QED there will be an increase in demand in other areas.

Crashy_Time said:

I suppose you think your area is "desirable"?

The facts speak for themselves; as of today only two properties are available to buy (and none available to rent) in my area and one of those only came on the market last month, even the listed building I've mentioned before is now SSTC...

The link is about falling rents in London, and better deals for people renting in London, no one (except you it seems) expects London to be empty this time next year, why can`t you just accept that rents can fall as well as rise, LOL. No one is saying 100% of anybody is doing anything, the market is made up of various levels of sentiment and behaviour, which is even harder to predict in the present climate.

I didn't say "London would be empty", why are you making things up?

I did state rents would fall and you actually quoted me saying it! LOL

I am glad you accept that 100% of people leaving cities will not have somewhere else to go for free and so a percentage will need to rent in a new area which will, of course, increase demand in those areas!

Ah yes, "sentiment", unfortunately for you most people are glass-half-full types rather than your glass-half-empty which is why sentiment will have been a factor in the BBC article linked to earlier "House prices continued their post-lockdown recovery in August, notching up their highest monthly rise in more than 16 years, says the Nationwide."

Crashy_Time

MobileSaver said:

Crashy_Time said:

MobileSaver said:

That's hilarious! You were the one that to prove your point linked to an article that says "tenants are fleeing London, and the property market is cracking" and then an hour later you're discrediting what the article says!

Crashy_Time said:

What happens to demand if the person already owns a home "elsewhere", or moves back with their parents "elsewhere"

Yes, some people will have an empty second home and yes a small number of people will move back to parents but to suggest 100% of all those people moving out of the cities have one or the other is ludicrous. QED there will be an increase in demand in other areas.

Crashy_Time said:

I suppose you think your area is "desirable"?

The facts speak for themselves; as of today only two properties are available to buy (and none available to rent) in my area and one of those only came on the market last month, even the listed building I've mentioned before is now SSTC...

The link is about falling rents in London, and better deals for people renting in London, no one (except you it seems) expects London to be empty this time next year, why can`t you just accept that rents can fall as well as rise, LOL. No one is saying 100% of anybody is doing anything, the market is made up of various levels of sentiment and behaviour, which is even harder to predict in the present climate.

I didn't say "London would be empty", why are you making things up?

I did state rents would fall and you actually quoted me saying it! LOL

I am glad you accept that 100% of people leaving cities will not have somewhere else to go for free and so a percentage will need to rent in a new area which will, of course, increase demand in those areas!

Ah yes, "sentiment", unfortunately for you most people are glass-half-full types rather than your glass-half-empty which is why sentiment will have been a factor in the BBC article linked to earlier "House prices continued their post-lockdown recovery in August, notching up their highest monthly rise in more than 16 years, says the Nationwide."

LOL. 
https://www.landlordtoday.co.uk/breaking-news/2020/3/housing-transactions-set-to-drop-by-up-to-60-over-the-next-three-months
VI who sells mortgage debt says "Borrow now before houses get more expensive!" and they work out a nice average figure from collapsed transactions, and you fall for it, LOL. Oh Dear....you really want your garden to cost a lot don`t you?

MobileSaver

Crashy_Time said:

MobileSaver said:

Ah yes, "sentiment", unfortunately for you most people are glass-half-full types rather than your glass-half-empty which is why sentiment will have been a factor in the BBC article linked to earlier "House prices continued their post-lockdown recovery in August, notching up their highest monthly rise in more than 16 years, says the Nationwide."

https://www.landlordtoday.co.uk/breaking-news/2020/3/housing-transactions-set-to-drop-by-up-to-60-over-the-next-three-months

It's always funny when you link to articles that completely undermine your position!

From the article, "We do not expect any immediate impact on prices." so looks like a house price crash any time soon has been cancelled (again!) It's no wonder you always ignore the question when asked "is it crashy time yet?"