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House Price Crash Forum


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Everything posted by cool_hand

  1. 13:02 What's going to happen to the housing market? Kevin Peachey Personal finance reporter What's going to happen to the housing market when the pandemic finishes? I'm afraid my crystal ball has smashed. There's no point making forecasts at the moment. The number of sales has dropped off a cliff. Lots of sales were cancelled. The peak of that was on 23 March - the day the restrictions on movement were announced. What's difficult to tell is if there's a lot less activity, how that translates to prices. There are different views from different people - get 10 economists in a room, you'll get 11 answers. There are people saying prices will fall, there are others saying because there's so much government support in place it could bounce back quite quickly. Once a Kevin always a Kevin
  2. I'd love a HPC - I'd like to see falls of 50% - it just never seems to happen, printy printy.
  3. you're going to have to give a little more detail than that sunshine
  4. Yes, but this crisis is going to last 18 months max. IMO - that's unless they're unable to make a vaccine. My fear now is anyone holding cash is going to be well and truly f*cked as hyper-inflation is the potential outcome of this intervention.
  5. The overdue house price crash has been well and truly cancelled.
  6. https://www.bbc.co.uk/news/business-47389160 Foxtons warns London housing market in 'prolonged downturn' London-focused estate agent Foxtons has swung to a loss and says the housing market in the capital is in a "prolonged downturn". The company reported a loss of £17.2m for last year, partly due to the costs of closing six offices. It made a profit of £6.5m in 2017. Foxtons added that Brexit uncertainty was "impacting consumer confidence". Separately, the Nationwide said the UK market remained "subdued", with prices up 0.4% in February from a year ago. 'Further deterioration' Foxtons said annual revenues fell 5% to £111.5m, with the weakness in property sales being offset slightly by a "resilient lettings performance". The estate agent was pushed into the red by one-off charges of £15.7m, which included the costs of closing six offices: Beckenham, Enfield, Loughton, Ruislip, Park Lane and Barnes. Foxtons said it was able to cover 85% of London from 61 branches and had no current plans for further closures. "Our performance in 2018 was impacted by a further deterioration in the sales market, with transaction levels falling for another year from their already low levels," said chief executive Nic Budden. However, the company said that in the long term, London remained "a highly attractive property market". Weaker sentiment The Nationwide said that house prices in February dipped 0.1% from the month before, with the average property now costing £211,304. The Nationwide's chief economist, Robert Gardner, said: "Indicators of housing market activity, such as the number of property transactions and the number of mortgages approved for house purchase, have remained broadly stable in recent months, but survey data suggests that sentiment has softened. "Measures of consumer confidence weakened around the turn of the year and surveyors reported a further fall in new buyer enquiries over the same period. "While the number of properties coming onto the market also slowed, this doesn't appear to have been enough to prevent a modest shift in the balance of demand and supply in favour of buyers in recent months."
  7. don't agree, and neither does the stock market, builders were down heavily on Friday.
  8. What are we all here for? A House Price Crash. This has got to put a dent in the market, how big, that is the question?
  9. I was completely ignoring this until yesterday. If Labour win or Labour/Lib coalition it is a disaster for the country and you can forget Brexit - they will derail it. Could end in civil war.
  10. yes, but the bank of England did a study and it found as house prices rise homeowners spent more money but as house prices fell homeowner didn't spend any money - homeowners actually stopped eating and breathing. it's such narrow minded nonsense to think lower house prices will lead to financial armageddon.
  11. Yes I listened to it and I thought she was and idiot because she's saying f*uck young people and f*uck anyone who can't afford to buy a home.
  12. Freedom of Movement deprives the country of the skills it needs when it's indigenous residents move away to take jobs in the UK or elsewhere. But no one ever talks about that!
  13. you need to watch the clip, they are not vicars but part of a Christian Community. would like to know a bit more, maybe some real investigative journalism by the BBC wouldn't go amiss here? does the Church receive state funding? what type of mortgage did the couple take out? if they they took out a BTL mortgage is the mortgage paid by their income or by Housing Benefit? etc/ etc. - the list goes on of unanswered questions in this propaganda piece by the biased BBC. what enraged me was the idiots comment at the end: "we each have a choice and our country has a choice about whether we want to be somewhere that welcomes people or whether we want to build walls and try's to keep people out"
  14. watch the clip. it's a political statement.
  15. http://www.bbc.co.uk/news/uk-england-birmingham-38269394 Birmingham couple buys house for asylum seekers A couple saving for their own home bought a house for asylum seekers instead. Matthew and Steph Neville, from Birmingham, had been saving for years when they decided to help people who had nowhere else to turn. The couple are part of a Christian community and live in a church. Asylum seekers who have recently arrived in the country are expected to move into the terraced house, in an undisclosed West Midlands location, by Christmas.
  16. this has truly got of control now and only a 'hard' reset can correct the problem.
  17. http://www.bbc.co.uk/news/business-38219881 Housing crisis 'creates in-work poverty'
  18. maybe you should quote the whole article? In response to the accusations, a spokesman for the Foreign Secretary said: "Boris said what he has said many times before - he is pro-immigration but wants to take back control to limit numbers. "He did not say he supported freedom of movement and challenges anyone to show proof that he ever said that."
  19. The fact of the matter is Article 50 was not inacted so it was not policy regardless of what Cameron may of said. The FTSE crashed on the day of the result regardless of Article 50 not being inacted so it made no difference. Now you are implying the stock market will eventually crash but the fact is your crystal ball is complete speculation as are most of the other statements you make. Cameron's position as leader was always going to be untenable if he lost, the idea that he could of continued as PM is ridiculous as it is naive. You're not wrong regarding the FTSE you're just muddled, the way you're trying to express your point is incohesive.
  20. It was called "Project Fear" for a reason - there was no official government position or policy to inact article 50 on the day of the Referendum Result, Cameron talking BS as usual, if there has been an official policy to do so then why was it not inacted? I just wish they had, would of put this to bed.
  21. I didn't start with an insult I started with a fact which is something that is competley lacking in your arguments. But what the hell, I'll start with one here, you're an idiot. No the markets were not expecting Article 50 to be inacted on the day of the Brexit result - total tosh - provide some evidence? You get part of your argument right about why share prices have risen but it's written in such a muddled way I don't really think you have any real grasp of what you are trying to express. Stop reading The Guardian and start trying to think outside your brain-washed box and you might actually get somewhere.
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