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Boom'n'Bust

We Can Do This The Nice Way ... Or The Nasty Way

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You know this artical nicely sums up a nasty conundrum.

The melt down scenario means I get to see house prices drop quickly, but I could well find myself out of work.

Or the nice slow correction which means waiting years before I can afford to buy, but at least I retain my job security.

I bet I am not the only one on here that is pondering the same conundrum!

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You know this artical nicely sums up a nasty conundrum.

The melt down scenario means I get to see house prices drop quickly, but I could well find myself out of work.

Or the nice slow correction which means waiting years before I can afford to buy, but at least I retain my job security.

I bet I am not the only one on here that is pondering the same conundrum!

I'd take a couple of years of unemployment and a 50% reduction in house prices any day.

Let's see:

Current price of property I'd want to buy: ~£400,000

Current salary: ~£30,000

So put quite simply, it would cost me about £60,000 to save £200,000. Sounds like a deal to me! :D

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I'd take a couple of years of unemployment and a 50% reduction in house prices any day.

Let's see:

Current price of property I'd want to buy: ~£400,000

Current salary: ~£30,000

So put quite simply, it would cost me about £60,000 to save £200,000. Sounds like a deal to me! :D

The only flaw in your theory doogie is that nobody will lend you any money to buy that bargain property when you're unemployed. Or then again, maybe they might in these days of easy money B)

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The only flaw in your theory doogie is that nobody will lend you any money to buy that bargain property when you're unemployed. Or then again, maybe they might in these days of easy money B)

A fair point. However, I'm assuming that after 2 years of unemployment I'd be back in work and earning ~£30,000 once again.

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Don't assume anything.

For years I worked with the long term unemployed.

Many of them had been made redundant from the steel industry. They had taken their pay-offs and sat back for a couple of years to enjoy it.

When they tried to get back in they found the door closed. Which employer wants to take on a lazy **** who has sat around for a couple of years?

Before they knew it they were 5 years in and the whole thing snowballs. Suddenly you are long term unemployed/dosser/chav/layabout/ yadda yadda yadda.

Sorry to spoil the picture!

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  • 333 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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