Watching Laura Kuenssberg reporting now, it is in fact funny how hard she's trying to paint as black a picture as possible. Project Fear has evolved to become Project Desperate...
Project Brexit has evolved to be a desperate project
When push comes to shove .
- Thread starter bobk
- Start date
Project Brexit has evolved to be a desperate project
Tigger
Member
- Location
- Worcestershire
Oh, I don't know, the only desperation I see here is from people who don't even live in the UK.
linga
Member
- Location
- Ceredigion
- Location
- Limousin/Charentes toad land
- Location
- Ceredigion
No .but if i was in your shoes i would be crapping myself that you may lose your biggest market
- Location
- Limousin/Charentes toad land
Italy?
I am glad you have changed your mind overnight and now don’t think a collapse in house prices would be a good thing
. I would suggest that if that happens, suicides will run into 10’s of thousands
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- Location
- Limousin
Italy?
I am glad you have changed your mind overnight and now don’t think a collapse in house prices would be a good thing
The housing market in the UK is overdue a major correction. It's a stupid situation to get into where a house is only seen as an asset. Freeing the market up will enable youngsters to buy more easily and stop older folk competing with them for first time buyer properties.
- Location
- Limousin/Charentes toad land
The housing market in the UK is overdue a major correction. It's a stupid situation to get into where a house is only seen as an asset. Freeing the market up will enable youngsters to buy more easily and stop older folk competing with them for first time buyer properties.
I agree accept I don't see how it's possible to go backwards without mass bankruptcy and suicide
Hindsight
Member
- Location
- Lincolnshire
The housing market in the UK is overdue a major correction. It's a stupid situation to get into where a house is only seen as an asset. Freeing the market up will enable youngsters to buy more easily and stop older folk competing with them for first time buyer properties.
But the value of a house is a perception. Unless one has to sell to change location or requires the cash the value day to day is of little relevance. And if house prices were to reduce all prices reduce albeit variably depending on location and demand as is the current situation, then if ones house lowers in value the one you wish to buy does too.
So too me the value of my house affects my perception of my wealth but does not drive me to suicide if that notional amount falls 35%, although for some poor souls it might as the UK is obsessed with house prices. Of more immediate day to day importance is interest rates as one has to pay monthly the supplier of money for the right to continue borrowing that money.
We have seen negative price corrections before 1994 2008 - yes some folk who have negative equity are affected. Market then recovers over time. I have said and will again in general I am a Brexit neutral but the utterance from Mr Carney while I assume he has a research paper to support his comment is not helpful. 35% drop is some hell of a drop.
I am pleased though he has made this statement as I shall make a note and if I am still alive in two years will compare the projection with the actuality - then we can return to this thread.
Hey ho.
He said 'could' fall, that's like me saying I 'could' be run over by a bus today. Change that to 'would' or 'will', then I'd be more concerned. The truth is these are at best weak predictions as nobody knows what will happen. Anything bad that happens, interest rate rises, house price falls, food price rises etc, will be blamed on Brexit, anything good that happens wont even be mentioned as it doesn't fit the agenda.
- Location
- Limousin
What good things are you expecting/ hoping for?
House price drop of that magnitude or anything approaching that magnitude, would tear a very large hole in the banks balance sheets.......... the knock on effect would take a couple of generations to sort out.
You see Mogg is absolutely correct in one thing. Brexit benefits will accrue in about 50 years ...... well for most people that is.
Mogg and his mates are already benefitting. When the tide goes out all that cash and wealth they have protected in Euro, Dollar, Swiss Frank, Yen assets, will in due course at the bottom of the market, flow back to Blighty and the very best assets and properties will be mopped up for peanuts.
Moggs six sprogs, will in the fullness of time be very, very, wealthy indeed. They may even be able to pay a living wage to the Nanny of the next litter of Moggs.....
You see Mogg is absolutely correct in one thing. Brexit benefits will accrue in about 50 years ...... well for most people that is.
Mogg and his mates are already benefitting. When the tide goes out all that cash and wealth they have protected in Euro, Dollar, Swiss Frank, Yen assets, will in due course at the bottom of the market, flow back to Blighty and the very best assets and properties will be mopped up for peanuts.
Moggs six sprogs, will in the fullness of time be very, very, wealthy indeed. They may even be able to pay a living wage to the Nanny of the next litter of Moggs.....
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wanton dwarf
Member
Italy?
I am glad you have changed your mind overnight and now don’t think a collapse in house prices would be a good thing
House prices should at least halve.
A few people may well commit suicide but the majority will have a far far far better life without the need for drugs and slave hours of work to keep them "afloat" - people are not slaves to banks.
IMHO there needs to be a total ethos change in the UK and it all starts and ends in Westminster.
wanton dwarf
Member
Ireland as a whole found out what happens with over priced housing.
Only when Directors of corrupt banks, estate agents and house builders are thrown into jail will the situation change for the better - but may of these are in hock with local authorities and MPs.
- Location
- East Dartmoor, Devon
Well article 13 has been passed. So you should all be a bit careful posting memes and caricatures as you may find yourself in trouble with copyright laws. Thanks EU.
- Location
- Northumberland
We will get our soverienty back,and send all the immigrants back home.
- Location
- Limousin/Charentes toad land
I can for once agree with you. I do wonder that France is so much more relaxed than the UK because the folk are not bogged down putting a roof over their head. But I don't see how it's possible to go backwards without an absolute catastrophe!!!
- Location
- Limousin/Charentes toad land
A lot of folk have got used to leading a lifestyle off the back of an increasing house value rather than their earnings...
good luck with that,
caveman
Member
- Location
- East Sussex.
The price of housing is directly connected to supply and demand.
Without giving a reason why that supply and demand equation would change, Carney is only speculating.
A massive house building program going ahead, total collapse of the economy, massive unemployment or half the population emigrating can be the only reasons for such a collapse in house prices.
Unless Carney puts up interest rates to new highs just for spite.
Without giving a reason why that supply and demand equation would change, Carney is only speculating.
A massive house building program going ahead, total collapse of the economy, massive unemployment or half the population emigrating can be the only reasons for such a collapse in house prices.
Unless Carney puts up interest rates to new highs just for spite.