Take Me Back To London! Posted March 19, 2020 Report Share Posted March 19, 2020 3 hours ago, BeyondAJoke said: If this doesn't cause a crash, nothing will. I know what you mean. However, if all fails this might tip the scales in favour of a HPC. Quote Link to post Share on other sites
Si1 Posted March 19, 2020 Report Share Posted March 19, 2020 7 minutes ago, Take Me Back To London! said: I know what you mean. However, if all fails this might tip the scales in favour of a HPC. Ah, see Bradford hasn't changed much. Quote Link to post Share on other sites
rantnrave Posted March 19, 2020 Report Share Posted March 19, 2020 12 minutes ago, Take Me Back To London! said: I know what you mean. However, if all fails this might tip the scales in favour of a HPC. I wonder if suicide bombers have started working from home yet? Quote Link to post Share on other sites
Dean Posted March 19, 2020 Report Share Posted March 19, 2020 Anecdotal: Yes, it will, because we just received an offer on a place (sadly selling due to probate, loss of a relative), looking like the buyers (FTBs) will pull out (which even though we priced well below market by about 25k ish as we didn’t need the stupid “market value” prices ) is perfectly understandable given the current mayhem going on and I don’t blame them at all for using common sense). This was to be the thing that would finally allow my family to return to Canada to buy our own place after an especially nasty year (currently can’t return due to travel restrictions), it’s a two bedroom place so sadly it is not even really livable for us long term as we have three adults. If I told you about the sheer amount of consecutive bad luck I have had over the last ten years you would say I was making it up .....so yes, using myself as a bellwether it will one hundred percent crash now that my family has a place to actually sell , the inheritance also means I am now not a first time buyer as well so will have to pay more tax if I do now have to buy in England . By the way this is not a sympathy post, there is a pandemic going on which obviously trumps stupid stuff like a house sale in my opinion, this is to make you all feel confident and positive that prices will definitely crash now because I am definitely a bad luck jinx. Quote Link to post Share on other sites
Trump Invective Posted March 19, 2020 Report Share Posted March 19, 2020 Beautiful interest rate / pumping scenario. This bubble has some room for air yet! But when it blows... Quote Link to post Share on other sites
Speed1987 Posted March 19, 2020 Report Share Posted March 19, 2020 Oooo 0.1% base rate, 200 Billion QE, 350 Billion made available to businesses as loans... Do I smell loads of monetary inflation, house prices will jump through the roof when all the hysteria is over with. The bank contacted me today saying I can take a 3 month mortgage holiday if needed... I might take it, all though not needed, I'm in healthcare. Quote Link to post Share on other sites
bear.getting.old Posted March 20, 2020 Report Share Posted March 20, 2020 (edited) + UK housing now 10% cheaper for those in € compared to a month ago. Edited March 20, 2020 by bear.getting.old Quote Link to post Share on other sites
shavedchimp Posted March 20, 2020 Report Share Posted March 20, 2020 6 hours ago, bear.getting.old said: + UK housing now 10% cheaper for those in € compared to a month ago. But can you see anyone with Euros currently planning to buy property in the UK, at a time like this? Quote Link to post Share on other sites
Smiley George Posted March 20, 2020 Report Share Posted March 20, 2020 13 minutes ago, shavedchimp said: But can you see anyone with Euros currently planning to buy property in the UK, at a time like this? Just in case, HMG should look at emergency tax measures to prevent any further influx of foreign money coming in and hoovering up UK housing - 30% on all overseas purchases should do it. Quote Link to post Share on other sites
Fromage Frais Posted March 20, 2020 Report Share Posted March 20, 2020 1 hour ago, Smiley George said: Just in case, HMG should look at emergency tax measures to prevent any further influx of foreign money coming in and hoovering up UK housing - 30% on all overseas purchases should do it. I would think at this time they are more likely to remove all taxes. Housing is an export and we just printed a ****** ton of money Quote Link to post Share on other sites
Peter Hun Posted March 20, 2020 Report Share Posted March 20, 2020 21 hours ago, Si1 said: Ah, see Bradford hasn't changed much. Its Sheffield, leave my home town out of this. Quote Link to post Share on other sites
Speed1987 Posted March 20, 2020 Report Share Posted March 20, 2020 The government is to pay 80% of wages for employees not working, up to £2,500 a month, Chancellor Rishi Sunak says. Quote Link to post Share on other sites
cool_hand Posted March 20, 2020 Report Share Posted March 20, 2020 43 minutes ago, Speed1987 said: The government is to pay 80% of wages for employees not working, up to £2,500 a month, Chancellor Rishi Sunak says. The overdue house price crash has been well and truly cancelled. Quote Link to post Share on other sites
Si1 Posted March 20, 2020 Report Share Posted March 20, 2020 Just now, cool_hand said: The overdue house price crash has been well and truly cancelled. There's nothing the govt can do about destruction of global production capacity over the coming years. Quote Link to post Share on other sites
cool_hand Posted March 20, 2020 Report Share Posted March 20, 2020 1 minute ago, Si1 said: There's nothing the govt can do about destruction of global production capacity over the coming years. Yes, but this crisis is going to last 18 months max. IMO - that's unless they're unable to make a vaccine. My fear now is anyone holding cash is going to be well and truly f*cked as hyper-inflation is the potential outcome of this intervention. Quote Link to post Share on other sites
Si1 Posted March 20, 2020 Report Share Posted March 20, 2020 3 minutes ago, cool_hand said: Yes, but this crisis is going to last 18 months max. IMO - Really? Quote Link to post Share on other sites
cool_hand Posted March 20, 2020 Report Share Posted March 20, 2020 2 minutes ago, Si1 said: Really? so what's your prediction smart ass? Quote Link to post Share on other sites
Si1 Posted March 20, 2020 Report Share Posted March 20, 2020 (edited) 1 minute ago, cool_hand said: so what's your prediction smart ass? The economic effects will take longer to clear up Edited March 20, 2020 by Si1 Quote Link to post Share on other sites
cool_hand Posted March 20, 2020 Report Share Posted March 20, 2020 1 minute ago, Si1 said: The economic effects will take longer to clear up you're going to have to give a little more detail than that sunshine Quote Link to post Share on other sites
Si1 Posted March 20, 2020 Report Share Posted March 20, 2020 Just now, cool_hand said: you're going to have to give a little more detail than that sunshine Two reasons: The Twitter link above The fact that the in the know liberal elite are cr8pping themselves, including the likes of, to particularly, Paul Krugman Quote Link to post Share on other sites
cool_hand Posted March 20, 2020 Report Share Posted March 20, 2020 3 minutes ago, Si1 said: Two reasons: The Twitter link above The fact that the in the know liberal elite are cr8pping themselves, including the likes of, to particularly, Paul Krugman I'd love a HPC - I'd like to see falls of 50% - it just never seems to happen, printy printy. Quote Link to post Share on other sites
Si1 Posted March 20, 2020 Report Share Posted March 20, 2020 Just now, cool_hand said: I'd love a HPC - I'd like to see falls of 50% - it just never seems to happen, printy printy. I know Quote Link to post Share on other sites
jiltedjen Posted March 20, 2020 Report Share Posted March 20, 2020 32 minutes ago, cool_hand said: Yes, but this crisis is going to last 18 months max. IMO - that's unless they're unable to make a vaccine. My fear now is anyone holding cash is going to be well and truly f*cked as hyper-inflation is the potential outcome of this intervention. it’s pretty much the goal. maybe not flat out total currency distraction. but certainly to lower the pound against a lot of other currencies. - make manufacturing more competitive (only few real value creation industries we have) - reduce our reliance on banking, which has been seen a con - allow a big house value fall while still having them increase when denominated in £ - feel good factor with wage rises - much more lending to those who found their monthly wage suddenly easily clears months of debt - bails the stock market out - pensions have uplift clauses which won’t keep ahead of inflation which makes the old affordable suddenly and in all of this, they can package it all as help, which we all need. So during this transition during the virus, they are killing a few birds with one stone. Wiping out people’s mortgages with inflation. It will be a big wealth transfer from the old to the young. as long as your not all in cash. In which case... um.... I suppose you should be digging out the lube and a bit of wood to bite down on Quote Link to post Share on other sites
GregBowman Posted March 20, 2020 Report Share Posted March 20, 2020 50 minutes ago, Si1 said: There's nothing the govt can do about destruction of global production capacity over the coming years. China already up and running taking orders according to my friend who imports tech Quote Link to post Share on other sites
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