crashbaby Posted June 27, 2016 Share Posted June 27, 2016 Down 75%. Thats pretty much what house prices need to do in London. In real value, house prices are 13% lower now relative to the day before the referendum and 9% relative to the weekend before the referendum. If the pound crashes more, then house prices can stay the same (nominal value) and we get that 75% as well (while everything else goes up in price). I think GO did state he would do everything he can to stop HPC. Would that be less likely than house prices crashing in nominal value? Because it seems the pound is already well down that path. This is probably one of the worst way things can go down: debt forgiveness for everyone with a mortgage and punishment for savers. (I'm basing the numbers on the GBP/USD ratio because I have no idea where to get more relevant numbers for real value of the pound) Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 27, 2016 Share Posted June 27, 2016 (edited) In real value, house prices are 13% lower now relative to the day before the referendum and 9% relative to the weekend before the referendum. If the pound crashes more, then house prices can stay the same (nominal value) and we get that 75% as well (while everything else goes up in price). I think GO did state he would do everything he can to stop HPC. Would that be less likely than house prices crashing in nominal value? Because it seems the pound is already well down that path. This is probably one of the worst way things can go down: debt forgiveness for everyone with a mortgage and punishment for savers. (I'm basing the numbers on the GBP/USD ratio because I have no idea where to get more relevant numbers for real value of the pound) The trolls have arrived. You idiots must be hurting bad now with the realization of what is coming. The more you f**k over the poor and the middle class workers the worse the backlash will be. Edited June 27, 2016 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
crashbaby Posted June 27, 2016 Share Posted June 27, 2016 Funny, but no. And there's no need for name calling and ad hominems. If the pound keeps crashing, what alternative outcomes are there and how would they work out? Why would the possibility I mentioned above be unlikely or ridiculous? Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted June 28, 2016 Share Posted June 28, 2016 Will it go below 100 tomorrow? It bloody better. I'm sick of googling their share price. Within a whisker at the moment. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2016 Share Posted June 28, 2016 Within a whisker at the moment. Has it gone back down ? I think TMT piled in and made a profit Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 28, 2016 Share Posted June 28, 2016 Will it go below 100 tomorrow? It bloody better. I'm sick of googling their share price.This page seems to update the share price all by itself!https://uk.finance.yahoo.com/q?s=FOXT.L Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2016 Share Posted June 28, 2016 (edited) 98.75 GBX Price decrease 5.75 (5.50%) Edited June 28, 2016 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2016 Share Posted June 28, 2016 Quote Link to comment Share on other sites More sharing options...
Guest BillyNI Posted June 28, 2016 Share Posted June 28, 2016 http://www.hl.co.uk/shares/share-research/share-tips/stockbroker-tips/goldman-adjusts-ratings-on-uk-housebuilders-after-brexit Following the UK's decision to leave the European Union, Goldman Sachs expects new build volumes in UK housing to drop 10% next year, versus a previous forecast of 7% growth and house prices to fall by 2%/5% in 2016/17. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 28, 2016 Share Posted June 28, 2016 99.81 Get in there! Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted June 28, 2016 Share Posted June 28, 2016 Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted June 28, 2016 Share Posted June 28, 2016 Yay!!! Take a screenshot please. I'm on mobile. Quick! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2016 Share Posted June 28, 2016 98.75 GBX Price decrease 5.75 (5.50%) Down 76% from peak Low 97.00 Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted June 28, 2016 Share Posted June 28, 2016 Nevermind got it covered. 97.38 now. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2016 Share Posted June 28, 2016 Yay!!! Take a screenshot please. I'm on mobile. Quick! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 28, 2016 Share Posted June 28, 2016 Have you bought? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2016 Share Posted June 28, 2016 Wake me up when it's below 1. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2016 Share Posted June 28, 2016 Have you bought? Have I **** Quote Link to comment Share on other sites More sharing options...
pras Posted June 28, 2016 Share Posted June 28, 2016 I have nearly bought. The tenant in property won't leave and therefore is being evicted. I am wondering if I should pull out or offer a lower price. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2016 Share Posted June 28, 2016 I have nearly bought. The tenant in property won't leave and therefore is being evicted. I am wondering if I should pull out or offer a lower price. Yes, factor in 50% falls. Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted June 29, 2016 Share Posted June 29, 2016 Looks like it's going to be another shit day for them. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 29, 2016 Share Posted June 29, 2016 Looks like it's going to be another shit day for them. Up 1.42 % Looks like everything kis magically fixed How is carney and his magic £250 Billion getting on. Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted June 29, 2016 Share Posted June 29, 2016 £250 billion. Say it slowly....sweetie money, eh ? Quote Link to comment Share on other sites More sharing options...
crashbaby Posted June 29, 2016 Share Posted June 29, 2016 Up 1.42 % Looks like everything kis magically fixed This and the FTSE make me think the markets are betting on Remain or Brexit-lite. Quote Link to comment Share on other sites More sharing options...
Granit Posted June 29, 2016 Share Posted June 29, 2016 *~3bn collateralised money Quote Link to comment Share on other sites More sharing options...
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