Report House prices are on the brink of a massive collapse in House prices and the economy Posted July 9, 2017 · Edited July 9, 2017 by pl1 11 hours ago, Northern Welsh Midlander said: I'm beginning to wonder if we don't have the perfect political climate for a HPC. We have a weak Tory government with the threat of a loonie in charge if they fall. That threat and Brexit will stoke uncertainty and drive sentiment, leading to falls in house prices. We have 3% SDLT and S24 baked in, hitting the BTL mob hard and I can't see any political will to U turn on this while they are in such a weak position given that both of these were introduced while the Tories were in a much better position and sentiment wasn't turning anti-LL its a no brainier now that it will continue as planned. The economic effects of Brexit and the US raising rates will force the same here further feeding back in to the housing loop. The Tories can cling to power, and when prices fall and finally the FTBs and others wake up to the fact CHEAPER HOUSING IS NOT A BAD THING, the Tories were in charge all along and they can hover up their votes in time for the next GE. IF the loonie is still at the head of labour at the next GE, that may very well push some of the protest voters from this time around back to the Tories as they'll be worried there is a real possibility that their protest vote could count. And of course the "Youthquake" who voted for Corbyn for debt freedom & lower house prices. Not just students but people in their 30's & 40's. Remember HPI is now spread across two generations. The media is concentrating on the Millenials, of course, but HPC bods were there first. Well over a decade ago I remember people on this site talking of a rage that would happen at some point in the future if the insaneness of HPI wasn't dealt with. We talked about as more & more younger people picked up the levers of power the HPI anger would just get louder & louder. One thing HPC didn't know (NOT didn't get wrong), was the timing of when this would happen. HPC has had many, unrecognised, firsts over the ensuing years.... and many false dawns. The timing is the most difficult thing to predict. But this time... I dare to dream. A perfect storm is rapidly approaching & HPC forecast it coming, years ago.