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Has the market crashed?

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Comments

  • jimbog
    jimbog Posts: 2,285 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 24 January at 4:59PM
    jimbog said:
    In my area a 40% crash is required to hit 2016 prices and a 20% crash to roll back to 2020 figures. 

    With the supply and demand aspect  it will be interesting to see what happens to this market. I dont expect prices to increase but I suspect that there will remain some demand for the very few properties available.
    The main problem is buy to let. As investments and pensions do poorly people look to becoming a landlord for income. We must keep the pressure up to make it less attractive.
    Who are we pressurising? And how do we 'keep the pressure up'? 
    Potential and existing landlords. Keep making the rules more and more in the tenant's favour, increase taxes on BTL and 2nd homes etc. At the moment it looks like a good investment and income stream, so the goal is to make it look unattractive.
    A shortage of rental properties will only hit tenants badly 
    Gather ye rosebuds while ye may
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