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When We've Had (or Are Having) The Crash

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Sorry - but I'm just curious! :rolleyes:

I can't answer. I would re-enter the market when I believed that it was the best time. I've no idea how much lower prices would be at that time. So if I select an option It'd just be a wild guess.

Billy Shears

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Last time the HPC the average house price compared to average wage bottomed out at about 2.8x from a high of about 5x. This time as it almost reached 6x I expect to to quickly crash to the mark 3.5x after panic has set it (2-3 years), then to slowly (a further 5 years) bottom out at 2.5x (or maybe a low as 2.0)

I have nothing to back up my forecast, but I will probably start putting in offers when 3.5x is reached, as I would rather own my own place again sooner rather than later. Plus at that point paying of a mortage will probably be slightly better than paying rent and waiting of the last few percentage drops to slowly happen.

Well that is my current plan :D

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  • 336 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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