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Boom Gloom Bust

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I sold to rent 3 years ago, and now rent for around 6 months in UK and 6 months in Australia

Having a brilliant but hectic life at 56 years of age.

Presently renting Gold Coast Queensland

I am a pessimist regarding the forthcoming recession and house price crash, having seen this

happen in the 1988 to 1990. property collapse.

At that time house prices had rapidly risen and then stalled, as no new blood could afford to enter

the market.

With interest rates at an all time high, new redundancys and company failures listed every night on the

news, it was a sad and unhappy time for most people.

Today reading the BBc news webpage, I noted more Uk companies failing,

more trouble with the worlds economys, rising fuel prices and threats of conflict with the countries that

sit on oil reserves.

My wife then coined the term Gloom then Bust..

It seems ther are three parts to the cycle.

Boom Gloom then Bust

We are firmly in the Gloom stage, and the bust is only months away, if not already here..

As I have sid before Batten down the Hatches, stormy times ahead.

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  • 301 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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