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
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 fear is moving into its final stage now .What crap will they dream up next .house prices dropping by a 1/3 bring it on
Project fear is moving into its final stage now .What crap will they dream up next .house prices dropping by a 1/3 bring it on
No .but if i was in your shoes i would be crapping myself that you may lose your biggest marketAh, I see. You think this would be a good thing for the uk economy?
No .but if i was in your shoes i would be crapping myself that you may lose your biggest market
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
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.
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.
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.
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
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.
We will get our soverienty back,and send all the immigrants back home.What good things are you expecting/ hoping for?
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.
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.
good luck with that,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.