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House Price Crash Forum

zigglepiggle

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About zigglepiggle

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    HPC Newbie
  1. Seems like simple maths given: - new MMR rules limit lending above 4.5x income: https://www.mortgagestrategy.co.uk/issues/1-april-2015/cover-story-mmr-one-year-many-changes/ - average house price is 7.6x income: https://www.theguardian.com/money/2017/mar/17/average-house-price-times-annual-salary-official-figures-ons The only options to get around this ratio in the long run: - Wages increase > 50% (lol) - BTL (now dead due to S24) - Foreign investors? Even without IR rises, recession, whatever... it seems like the only way for prices is down until they hit ~ 4.5x income or lower, or am I missing something?
  2. Hi long time lurker, but I couldn't resist sharing this as it is truly fascinating. I've recently been of the opinion that the slowdown in housing is China related; it's the only thing that can feasibly explain so many bubbles popping at once (London, Canada, Auz). Then today I found this thread by what looks like UK real estate insider about Carney's China Scam: https://seekingalpha.com/article/4079881-british-land-brexit-created-opportunity-still-exists#comment-75441254 Further down: But you say... "China only constituted < 10% of the demand, how can their exit cause a crash?". Well.... he/she continues further down with this gem:
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