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jasonpistol

Foxtons Share Price And The Housing Market - Merged

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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)

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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)

:lol::lol::lol::lol::lol:

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 by TheCountOfNowhere

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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?

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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.

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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.

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  • 397 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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