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Buy now or wait till BREXIT

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  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    51mm5 wrote: »
    Thanks for backing up my point with your link. Here are some choice quotes from your link:

    "The lender says uncertainty over the economic outlook appears to be undermining confidence in the market."

    "It seems to be the uncertain economic outlook that is really weighing on buyer sentiment. I think once that lifts then things should start to pick up to normal levels of about 2%."

    "While the supply of homes for sale also has dwindled, the balance of demand and supply has shifted in buyers' favour. That said, we continue to doubt that a sustained period of falling house prices is likely."

    "Meanwhile thousands of would-be sellers are instead hunkering down and waiting until things improve before putting their home on the market."

    As I expected you never answered my question.:rotfl:


    "The lender says"


    A baker isn`t going to tell people to stop buying bread are they?:rotfl:


    What you have quoted are people`s opinions (people with a VI in keeping other people interested in mortgage debt)


    My quote, from the BOE, is a fact (unless you believe that the BOE just make up their stats?) so do you now accept that when you said that credit conditions hadn`t changed you were factually incorrect?
  • jimbog
    jimbog Posts: 2,113 Forumite
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    edited 6 January 2019 at 3:56PM
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    Ok, I bite
    Crashy_Time wrote: »
    My quote is a fact

    From your factual link:
    UK house prices grew at an annual pace of 0.5% in December
    Gather ye rosebuds while ye may
  • 51mm5
    51mm5 Posts: 177 Forumite
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    Crashy_Time wrote: »
    Why are they making BTL unattractive to new borrowers then, surely that is one of the important plates?

    Exactly, one of the plates and it's not going to stop BTL dead the tax changes are phased in so landlords have had time to prepare. There are many IO BTL deals on the market still being offered by banks a very low rates. The horse as bolted on that one, there are millions of privately let homes most paid off already. Yet, there's will still be people wanting to rent out, you regularly get threads on here people enquiring about it.
  • lisyloo
    lisyloo Posts: 29,615 Forumite
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    Crashy_Time wrote: »
    Why are they making BTL unattractive to new borrowers then, surely that is one of the important plates?

    Because they’ve decided that plate should spin a lot more slowly.

    Quite rightly in my opinion.

    It doesn’t appear to have cause a massive BTL sell off or blood on the streets, so I’d say it’s been managed well and made things a bit fairer.
  • 51mm5
    51mm5 Posts: 177 Forumite
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    Crashy_Time wrote: »
    "The lender says"


    A baker isn`t going to tell people to stop buying bread are they?:rotfl:


    What you have quoted are people`s opinions (people with a VI in keeping other people interested in mortgage debt)


    My quote, from the BOE, is a fact (unless you believe that the BOE just make up their stats?) so do you now accept that when you said that credit conditions hadn`t changed you were factually incorrect?

    It was your link, not my fault it worked against you.:T
  • lisyloo
    lisyloo Posts: 29,615 Forumite
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    Crashy is always posting links that don’t back up what he/she says.
    Very annoying and wish they would buzz off, not because I don’t agree with him/her but because they just rant on the same old rhetoric and fail EVERY time to back it up.

    I enjoy listening to people on opposite opinions and on occasion I change my mind when they present a well argued point, but crashy is just an annoying troll repeating the same old rhetoric and falling to show how he/she has benefitted.

    I’m not a millionaire but I can at least say I have a good house and good pension, so can’t have done that badly.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    lisyloo wrote: »
    Because they’ve decided that plate should spin a lot more slowly.

    Quite rightly in my opinion.

    It doesn’t appear to have cause a massive BTL sell off or blood on the streets, so I’d say it’s been managed well and made things a bit fairer.


    It hasn`t even started properly yet, the next move will be HMRC going back ten or even 20 years to see who has not been declaring income. IMO they don`t want a massive sell off, just close the gate and tax existing landlords more. Here is another plate that is starting to wobble
    https://www.bbc.co.uk/news/uk-england-gloucestershire-46753012


    Something tells me that the juggler is less committed to keeping the plates in the air than they used to be.
  • 51mm5
    51mm5 Posts: 177 Forumite
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    Crashy_Time wrote: »
    It hasn`t even started properly yet, the next move will be HMRC going back ten or even 20 years to see who has not been declaring income. IMO they don`t want a massive sell off, just close the gate and tax existing landlords more. Here is another plate that is starting to wobble
    https://www.bbc.co.uk/news/uk-england-gloucestershire-46753012


    Something tells me that the juggler is less committed to keeping the plates in the air than they used to be.

    You've completely lost it now. Yet another unrelated link. Therefore I'm out, as no point debating any further. I don't know why I bite in the first place. :(
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    51mm5 wrote: »
    You've completely lost it now. Yet another unrelated link. Therefore I'm out, as no point debating any further. I don't know why I bite in the first place. :(


    So more council tax on empty homes and mortgage lending massively down from a few years ago doesn`t relate to house prices/transactions also being under pressure from Brexit......?...Ok :)
  • lisyloo
    lisyloo Posts: 29,615 Forumite
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    Crashy_Time wrote: »
    It hasn`t even started properly yet, the next move will be HMRC going back ten or even 20 years to see who has not been declaring income. IMO they don`t want a massive sell off, just close the gate and tax existing landlords more. Here is another plate that is starting to wobble
    https://www.bbc.co.uk/news/uk-england-gloucestershire-46753012


    Something tells me that the juggler is less committed to keeping the plates in the air than they used to be.

    HMRC are totally underfunded and don’t even have enough resources to go after the low hanging fruit.
    As usual you present zero evidence to back this up

    As for empty properties, it completely correct that there is a disincentive for keeping empty properties (and I say that selling one myself), but the fact is they are a tiny part of the problem, so maybe a teacup saucer.

    But good, some plates should wobble.

    The majority of landlords who owned for a while and have tenants in situ are going to do nothing at all.
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