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Conquistador

Has The Conservative Election Victory Changed Your Hpc Strategy?

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Friday's election result surprised many, including me. On the basis of prior polling, I had implicitly assumed a badly hung parliament, with resulting uncertainty and possible mansion taxes, but certainly not an outright victory for the rentiers' party. Because I want to buy within the next three years, I can't help but think that there is no longer any point fighting the formidable system (BoE, UK govt) in the short term. Yes, there are both black and white swans on the horizon (EU referendum, interest rate rises etc.) and the tide will eventually be sucked out, but for the next couple of years it seems that the incoming momentum has been redoubled.

On my timescale-of-life, the result has pushed me quite firmly towards capitulation. How about you?

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I mentioned in another thread on here my parents were considering buying a place to rent to me.

I did suggest waiting till after the election but the old man was convinced they wouldn't let HPC happen (Note: He did NOT say property only ever goes up. He knows the score. Not all 'boomers' are pro-HPI MEWscum)

Anyway, the deposit went down the day before the election and it looks as though he was right, for now anyway.

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Friday's election result surprised many, including me. On the basis of prior polling, I had implicitly assumed a badly hung parliament, with resulting uncertainty and possible mansion taxes, but certainly not an outright victory for the rentiers' party. Because I want to buy within the next three years, I can't help but think that there is no longer any point fighting the formidable system (BoE, UK govt) in the short term. Yes, there are both black and white swans on the horizon (EU referendum, interest rate rises etc.) and the tide will eventually be sucked out, but for the next couple of years it seems that the incoming momentum has been redoubled.

On my timescale-of-life, the result has pushed me quite firmly towards capitulation. How about you?

Wasn't the biggest surprise in the world (I had a fiver at 8 to 1 on a Conservative majority, to console myself if it happened!), Although I had also assumed some kind of hung parliament. The truth is whichever major party got in, nothing was really going to change! As for capitulation. Nothing has changed there either. I still will not jump like a lemming to try and reach the first step on the 'property ladder'. I still will finish my studying and look abroad for greater opportunities (with lower housing costs).

As much as I hoped for some sort of shock result that could have instigated some change, i.e. Labour/SNP coalition (still might have not changed anything though). I can't live my life hoping for some outside event to trigger change. I'm getting close to 40 and need to have a plan B which I can implement in case they are able to can kick for the next 40 years!

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I can't see that either party will behave any differently to how they have over these last twenty years or so, so no real change. What they SAY before an election and what they DO after an election are rarely aligned.

Maybe I'm too old and I've seen to many GEs :) but it seems that the colour of the flags changes from red to blue (and sometimes a little stripe of yellow) but nothing much really changes in government.

The SNP result is the biggest change probably in our lifetimes? No way it is business as usual from now on, it just needs a few SNP type landslides across Europe for nationalist parties and the established Banker/Political VI order will be badly shaken. Doesn`t matter who is in number 10, the global forces that will bring it down have not changed.

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I mentioned in another thread on here my parents were considering buying a place to rent to me.

I did suggest waiting till after the election but the old man was convinced they wouldn't let HPC happen (Note: He did NOT say property only ever goes up. He knows the score. Not all 'boomers' are pro-HPI MEWscum)

Anyway, the deposit went down the day before the election and it looks as though he was right, for now anyway.

HPC is happening, all the PTB can do is protect the banks as best they can. Statistics based on tiny number of sales don`t scare me, I will stick to the strategy.

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You could be right, but it seems odd that the only interesting stuff is happening in the frozen North - I do hope it has a real impact on British politics. I will try to be less cynical for a while :)

Come on, Lib Dems wiped out, Labour in disarray, UKIP picking up lots of votes, is that not interesting? Add the SNP landslide and you have lots of fireworks and "shocks" to come IMO. Europe will pull the Tories into disarray as well, it is just starting to get interesting.

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Not greatly. If Labour got in immigration would be even higher than it is likely to be...landlordism even more rampant.

Neither party will be able to change the fact we'll do whatever the yanks do.

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How many years can they keep interest rates at these levels? 5, 10, 25?

If "they" means UK polticians, central bankers etc then they can't. Overall economic cycles and the rate-setting decisions of more powerful economies will always prevail.

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I mentioned in another thread on here my parents were considering buying a place to rent to me.

I did suggest waiting till after the election but the old man was convinced they wouldn't let HPC happen (Note: He did NOT say property only ever goes up. He knows the score. Not all 'boomers' are pro-HPI MEWscum)

Anyway, the deposit went down the day before the election and it looks as though he was right, for now anyway.

Plan still on? It's the 'grip' that gets me in that situation, seemingly. I've thought nothing of helping out family in better financial times, without official loans... no grip.. just gifted.

I can't see that either party will behave any differently to how they have over these last twenty years or so, so no real change. What they SAY before an election and what they DO after an election are rarely aligned.

Maybe I'm too old and I've seen to many GEs :) but it seems that the colour of the flags changes from red to blue (and sometimes a little stripe of yellow) but nothing much really changes in government.

1991 landlords aren't HPC proof yet... can still lose big value.

A tiny spark.... mighty flame.

And one of the lessons that we're learning again now is how fast things can change in the investment world. There was an economic philosopher, Rudiger Dornbusch, who said it takes a lot longer for things to happen than you think that it can, but then they happen much faster than you thought they would. And that's the way things go in the investment world.

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