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Caveat Mortgagor

Telegraph Has A Couple More Bearish Articles

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Yes, there is a "face off" between 1st time buyers & those whom will NOT cut the prices..................but time is on the side of 1st time buyers..............the straw that will break the house price back is rates, not MEGA high rates (they come later) just rates of 4-6%

Mike

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Yes, there is a "face off" between 1st time buyers & those whom will NOT cut the prices..................but time is on the side of 1st time buyers..............the straw that will break the house price back is rates, not MEGA high rates (they come later) just rates of 4-6%

Mike

EAs abuse and take advantage of naive FTBs but it is these who have the ultimate power over the Market. If they act in unison either by choice or by force (no mortgages, unaffordable prices) then the Market will collapse.

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Yes, there is a "face off" between 1st time buyers & those whom will NOT cut the prices..................but time is on the side of 1st time buyers..............the straw that will break the house price back is rates, not MEGA high rates (they come later) just rates of 4-6%

Mike

Rates would do it if they start rising month after month. Also, simply having all FTB and a few others stay away from buying for a year would do it for sure. They would carry on stayin away when they saw the falls in prices accelerating. There is downward pressure, even now, with the lowest rates in 300 years. So, it must sure be a weak market. The confidence is waning - no doubt about it.

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Yes, there is a "face off" between 1st time buyers & those whom will NOT cut the prices..................but time is on the side of 1st time buyers..............the straw that will break the house price back is rates, not MEGA high rates (they come later) just rates of 4-6%

Mike

I think it is actually the banks that are holding back the FTBers now, by requiring high deposits.

I agree that rates will be decisive, perhaps pushing a "second leg" down in 1-3 years?

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  • 144 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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