TheCountOfNowhere Posted September 28, 2021 Share Posted September 28, 2021 Who cares about house prices now, we are facing a collapse on immense proportions. Quote Link to comment Share on other sites More sharing options...
Locke Posted September 28, 2021 Share Posted September 28, 2021 Where in the world is not? Only place I can think of is Russia. Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted September 28, 2021 Share Posted September 28, 2021 17 minutes ago, TheCountOfNowhere said: We're DOOOOOOOMED!!! Ok. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 28, 2021 Author Share Posted September 28, 2021 3 minutes ago, Locke said: Where in the world is not? Only place I can think of is Russia. Iceland. Remember how they treated the banksters Quote Link to comment Share on other sites More sharing options...
Locke Posted September 28, 2021 Share Posted September 28, 2021 1 minute ago, TheCountOfNowhere said: Iceland. Remember how they treated the banksters True. They're not in the EU either, so they might do ok. Quote Link to comment Share on other sites More sharing options...
Horseradish Posted September 28, 2021 Share Posted September 28, 2021 34 minutes ago, TheCountOfNowhere said: we are facing a collapse on immense proportions So what do we have so far: Spiking energy prices Spiking food costs Assorted supply chain issues Inflation Labour shortages End of furlough What did I miss? Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 28, 2021 Share Posted September 28, 2021 Brexit is a factor, but I think the entire of Europe is screwed because of the lockdowns. We destroyed our economies. We kicked the can down the road (borrowing) and now we have to deal with the economic fallout as the debts come due. Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 28, 2021 Share Posted September 28, 2021 46 minutes ago, TheCountOfNowhere said: Who cares about house prices now, we are facing a collapse on immense proportions. Honestly, I'm still not seeing it. What EXACTLY do you see happening now and shortly?! This fuel annoyance will be over by next week. The wider supply issues won't be....but they will go away in the medium term. COVID measures are fading away.  What EXACTLY does a "collapse on immense proportions" actually mean? Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 28, 2021 Share Posted September 28, 2021 5 minutes ago, scottbeard said: Honestly, I'm still not seeing it. What EXACTLY do you see happening now and shortly?! This fuel annoyance will be over by next week. The wider supply issues won't be....but they will go away in the medium term. COVID measures are fading away.  What EXACTLY does a "collapse on immense proportions" actually mean? Yeh the fuel thing will be over within a week. I can't see an economic collapse. But we could see a period of weak performance due to the covid debts now needing to be paid Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 28, 2021 Share Posted September 28, 2021 To flip it around, what do *I* see happening: - High inflation - Higher taxes - People generally being poorer - Less choice in the shops - A drift back towards things being done in the UK by UK workers None of which are positive, but none of which are anything like what I term a "collapse". I think that, for example, a year from now 28 September 2022 I will be able to go to the bank, walking along a street with law and order in operation, withdraw money, go into a supermarket (without a face mask) and buy plenty of food. What do you see happening? Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 28, 2021 Share Posted September 28, 2021 Just now, scottbeard said: To flip it around, what do *I* see happening: - High inflation - Higher taxes - People generally being poorer - Less choice in the shops - A drift back towards things being done in the UK by UK workers None of which are positive, but none of which are anything like what I term a "collapse". I think that, for example, a year from now 28 September 2022 I will be able to go to the bank, walking along a street with law and order in operation, withdraw money, go into a supermarket (without a face mask) and buy plenty of food. What do you see happening? Exactly what will happen Quote Link to comment Share on other sites More sharing options...
yelims Posted September 28, 2021 Share Posted September 28, 2021 If only there were people warning that screwing with economy for no reason was a bad idea /s Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 28, 2021 Share Posted September 28, 2021 I still expect house prices to rise for the next 6 months or so. And by about 10%. But after then the issues of inflation, rising IR, higher taxes, less spending (paying off covid debt) will start to kick in. From then I would expect to see house prices decline, not crash. Not collapse. Just decline in real terms for a few years. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 28, 2021 Author Share Posted September 28, 2021 1 hour ago, Horseradish said: So what do we have so far: Spiking energy prices Spiking food costs Assorted supply chain issues Inflation Labour shortages End of furlough What did I miss? Biggest monthly house price fall in history US bond yield rising, again, at last Silly car prices China There are more I am sure.  Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 28, 2021 Author Share Posted September 28, 2021 58 minutes ago, henry the king said: I still expect house prices to rise for the next 6 months or so. And by about 10%. But after then the issues of inflation, rising IR, higher taxes, less spending (paying off covid debt) will start to kick in. From then I would expect to see house prices decline, not crash. Not collapse. Just decline in real terms for a few years. Â 10% rise, yeah sure, there will be about 200 house sold in the country by that point. Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 28, 2021 Share Posted September 28, 2021 7 minutes ago, TheCountOfNowhere said: Â 10% rise, yeah sure, there will be about 200 house sold in the country by that point. We'll see in the next week. I expect another 1.5% rise on the nationwide index and halifax index. The market is still red hot. I have seen it with my own eyes. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted September 28, 2021 Share Posted September 28, 2021 1 hour ago, scottbeard said: To flip it around, what do *I* see happening: - High inflation - Higher taxes - People generally being poorer - Less choice in the shops - A drift back towards things being done in the UK by UK workers None of which are positive, but none of which are anything like what I term a "collapse". I think that, for example, a year from now 28 September 2022 I will be able to go to the bank, walking along a street with law and order in operation, withdraw money, go into a supermarket (without a face mask) and buy plenty of food. What do you see happening?  Western sovereigns have bankrupted themselves trying to reanimate the corpse of Neoliberalism. A runaway debt trap has been sprung by soaring energy prices. A stagflationary collapse into a Second Great Depression is now the most likely outcome.  Quote Link to comment Share on other sites More sharing options...
winkie Posted September 28, 2021 Share Posted September 28, 2021 1 hour ago, scottbeard said: To flip it around, what do *I* see happening: - High inflation - Higher taxes - People generally being poorer - Less choice in the shops - A drift back towards things being done in the UK by UK workers None of which are positive, but none of which are anything like what I term a "collapse". I think that, for example, a year from now 28 September 2022 I will be able to go to the bank, walking along a street with law and order in operation, withdraw money, go into a supermarket (without a face mask) and buy plenty of food. What do you see happening? Banks and withdrawal of money......how long will we be doing that for? Will the debt be repaid? Will big business pay the higher wages?.......will more jobs be automated or offshored to cheaper economies? Will other countries aspire to having an economy just like ours? Will there be a brain drain? Will the big corporations be calling all the shots.....will the government be working in their best interests or ours? Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 28, 2021 Share Posted September 28, 2021 2 minutes ago, winkie said: Banks and withdrawal of money......how long will we be doing that for? That was just my way to trying to say "there won't be a banking collapse" As for your other questions....well why don't you answer them yourself? I've stated my view of what will happen above. Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted September 28, 2021 Share Posted September 28, 2021 8 minutes ago, winkie said: Will there be a brain drain? Problem is, to where? FOM makes it harder to find somewhere pleasant in the south of France. Quote Link to comment Share on other sites More sharing options...
winkie Posted September 28, 2021 Share Posted September 28, 2021 2 minutes ago, scottbeard said: That was just my way to trying to say "there won't be a banking collapse" As for your other questions....well why don't you answer them yourself? I've stated my view of what will happen above. I don't know the answer I can only guess what might happen.......the clues are there, some will be better protected than others.....not because they work harder, just they might have friends in higher places looking after their better interests......kick the bottom too hard and the whole pack of cards collapses. Quote Link to comment Share on other sites More sharing options...
winkie Posted September 28, 2021 Share Posted September 28, 2021 2 minutes ago, sPinwheel said: Problem is, to where? FOM makes it harder to find somewhere pleasant in the south of France. Always a place that will have you, if good or rich enough. Quote Link to comment Share on other sites More sharing options...
Horseradish Posted September 28, 2021 Share Posted September 28, 2021 52 minutes ago, henry the king said: The market is still red hot. This actually isn't true. Or, rather, it's not entirely true. Note from the recent Hometrack monthly report, there's a severe lack of supply on the market at the moment. This is probably as a result of the stamp duty holiday bringing sales forward. Things will normalise, but it's temporal. https://www.hometrack.com/uk/insight/uk-house-price-index/august-2021-house-price-index/ Quote Link to comment Share on other sites More sharing options...
GenZ Posted September 28, 2021 Share Posted September 28, 2021 If I had a pound £ for every time I read, "collapse on immense proportions" or similar on HPC I'd have enough money to buy a nice house in London  🤣 Quote Link to comment Share on other sites More sharing options...
Horseradish Posted September 28, 2021 Share Posted September 28, 2021 Just now, GenZ said: If I had a pound £ for every time I read, "collapse on immense proportions" or similar on HPC I'd have enough money to buy a nice house in London  🤣 Man creates post stating literal domain name of website. Genius. Quote Link to comment Share on other sites More sharing options...
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