Brexit - 35% House Prices Crash
Discussion
FocusRS3 said:
p1stonhead said:
Its a bit chicken and egg I guess. We have only wanted to move for specific houses and have never had a need or want to move just in a general sense.
Yeah I get that.For us we ended up putting our foot down as we spent hours getting the place ready and got all manor of excuses from people that had nothing better to do on a Saturday.
Having not moved for many years its not something we'd want to repeat very often.
ked doing that work, like myself. The photos might make it seem bigger, there is loads of variables. Your buying something that could be for life, potentially your biggest purchase, you want to make sure. I've went to view half a dozen houses just now, I scope them out online obviously, the area etc, whittle it down. My home is ready to go on the market within 48 hours, due to the sparse amount of properties in my area I'm not going to sell mines and go from having no mortgage payments to rent or back living with the parents. Most of the reasons have been, its s
t in the flesh, the seller expects much more than the valuation or it has problems. Just a few pages ago you were asking what would happen if you back out of a deal. You have no where to go, your renting. You see how much of a ball ache that is, others obviously do as well.
moanthebairns said:
I hear this a lot, I do wonder if people take rejection of their home personally and contribute it to "tyre kickers". So many houses look great in the photos, only to find out it needs a couple of new bathrooms, kitchens and top to bottom in carpets. Some folk just can't be fked doing that work, like myself. The photos might make it seem bigger, there is loads of variables.
Your buying something that could be for life, potentially your biggest purchase, you want to make sure. I've went to view half a dozen houses just now, I scope them out online obviously, the area etc, whittle it down. My home is ready to go on the market within 48 hours, due to the sparse amount of properties in my area I'm not going to sell mines and go from having no mortgage payments to rent or back living with the parents. Most of the reasons have been, its st in the flesh, the seller expects much more than the valuation or it has problems.
Just a few pages ago you were asking what would happen if you back out of a deal. You have no where to go, your renting. You see how much of a ball ache that is, others obviously do as well.
My house was renovated top to bottom so no issue with the internal condition.ked doing that work, like myself. The photos might make it seem bigger, there is loads of variables. Your buying something that could be for life, potentially your biggest purchase, you want to make sure. I've went to view half a dozen houses just now, I scope them out online obviously, the area etc, whittle it down. My home is ready to go on the market within 48 hours, due to the sparse amount of properties in my area I'm not going to sell mines and go from having no mortgage payments to rent or back living with the parents. Most of the reasons have been, its s
t in the flesh, the seller expects much more than the valuation or it has problems. Just a few pages ago you were asking what would happen if you back out of a deal. You have no where to go, your renting. You see how much of a ball ache that is, others obviously do as well.
My beef was people that had seen the online pics and the house was exactly as they had seen it then came up with BS excuse and went and bought a house in a totally lower price bracket so as the agent said "tyre kickers".
I agree a house can be made to look bigger in photos but then a quick check of the floorplan means any old Bozo can work out how big it is. Pretty basic stuff.
I'm looking forward to renting as it'll be a new adventure for us and I'm a cash buyer in a falling market.
There is no shortage of stock around and it'll get even more top heavy.
Good luck with selling your place. Lets hope everyone loves your décor
Edited by FocusRS3 on Monday 24th September 13:02
FocusRS3 said:
moanthebairns said:
I hear this a lot, I do wonder if people take rejection of their home personally and contribute it to "tyre kickers". So many houses look great in the photos, only to find out it needs a couple of new bathrooms, kitchens and top to bottom in carpets. Some folk just can't be fked doing that work, like myself. The photos might make it seem bigger, there is loads of variables.
Your buying something that could be for life, potentially your biggest purchase, you want to make sure. I've went to view half a dozen houses just now, I scope them out online obviously, the area etc, whittle it down. My home is ready to go on the market within 48 hours, due to the sparse amount of properties in my area I'm not going to sell mines and go from having no mortgage payments to rent or back living with the parents. Most of the reasons have been, its st in the flesh, the seller expects much more than the valuation or it has problems.
Just a few pages ago you were asking what would happen if you back out of a deal. You have no where to go, your renting. You see how much of a ball ache that is, others obviously do as well.
My house was renovated top to bottom so no issue with the internal condition.ked doing that work, like myself. The photos might make it seem bigger, there is loads of variables. Your buying something that could be for life, potentially your biggest purchase, you want to make sure. I've went to view half a dozen houses just now, I scope them out online obviously, the area etc, whittle it down. My home is ready to go on the market within 48 hours, due to the sparse amount of properties in my area I'm not going to sell mines and go from having no mortgage payments to rent or back living with the parents. Most of the reasons have been, its s
t in the flesh, the seller expects much more than the valuation or it has problems. Just a few pages ago you were asking what would happen if you back out of a deal. You have no where to go, your renting. You see how much of a ball ache that is, others obviously do as well.
My beef was people that had seen the online pics and the house was exactly as they had seen it then came up with BS excuse and went and bought a house in a totally lower price bracket so as the agent said "tyre kickers".
I agree a house can be made to look bigger in photos but then a quick of the floorplan means any old Bozo can work out how big it is. Pretty basic stuff.
I'm looking forward to renting as it'll be a new adventure for us and I'm a cash buyer in a falling market.
There is no shortage of stock around and it'll get even more top heavy.
Good luck with selling your place. Lets hope everyone loves your décor
Maybe they just weighed up what they could get cheaper and made a compromise. Maybe they made up a bulls
t excuse because its an estate agent and tbh who gives a fk to what you say to them as long as they stop hounding you. I viewed one where the guy stunk of b.o, lied and he was a arrogant tt. That was enough to make me think, nah fk you i'll not offer you more than the valuation. or
Maybe your house was rather spectacular and they did just want to come see like you say.
Floor plans yes, as a draughtsman i find them wonderful, I can picture things with ease. Many of the public, DON'T. Would you buy a car knowing the Dims without sitting in it.
If your genuinely happy with your sell and aren't having doubts about pulling out like you mentioned a few pages ago I wish you all the best, my comments were not meant to be personal. But buying a house is a strange one, what seems on paper as the ideal house might not be a home. You do have to put an effort in.
ps. my decor is s
t, wtf do you think I'm moving for.Iddz said:
Hi guys,
As you would have heard or seen, as its all over the news; apparently with the event of a no-brexit deal we are likely to see a 35% drop in house prices.
Would you say this is likely to happen? I am a first time buyer and have finally saved up enough deposit to buy by dream house but do not want to be stuck in negative equality.
Any information welcome.
Just one of the magnitude of lies that the "Remain" side used to scaremonger the general population in the hope we all ticked the "Remain in the EU" box. The lies, mistruth and BS were equal on both sides as far as I'm concerned.As you would have heard or seen, as its all over the news; apparently with the event of a no-brexit deal we are likely to see a 35% drop in house prices.
Would you say this is likely to happen? I am a first time buyer and have finally saved up enough deposit to buy by dream house but do not want to be stuck in negative equality.
Any information welcome.
What I find hilarious (and frustrating in equal measure), if also rather tragic and depressing, is the total lack of understanding of the general public who are calling for another referendum hahahahaaha.
Upsetting as these characters either have no idea how voting in General Elections has worked in the UK for centuries or they're just to dumb to understand. When was the last time Labour or Conservative supporters called for re-election because a manifesto pledge was not met!!?? Never successfully as this would be a joke/farcical. Pure comedy, in albeit, an upsettingly stupid way.
OP, buy your house, it might or might not go up or down...no one knows (Remain is out there trying to get you to believe they might drop 35%. This too coming from the BOE).
moanthebairns said:
Can feel the rage coming out of you with that backhanded compliment
Maybe they just weighed up what they could get cheaper and made a compromise. Maybe they made up a bullst excuse because its an estate agent and tbh who gives a fk to what you say to them as long as they stop hounding you. I viewed one where the guy stunk of b.o, lied and he was a arrogant tt. That was enough to make me think, nah fk you i'll not offer you more than the valuation.
or
Maybe your house was rather spectacular and they did just want to come see like you say.
Floor plans yes, as a draughtsman i find them wonderful, I can picture things with ease. Many of the public, DON'T. Would you buy a car knowing the Dims without sitting in it.
If your genuinely happy with your sell and aren't having doubts about pulling out like you mentioned a few pages ago I wish you all the best, my comments were not meant to be personal. But buying a house is a strange one, what seems on paper as the ideal house might not be a home. You do have to put an effort in.
ps. my decor is st, wtf do you think I'm moving for.
HAHAHAHHA great replyMaybe they just weighed up what they could get cheaper and made a compromise. Maybe they made up a bulls
t excuse because its an estate agent and tbh who gives a fk to what you say to them as long as they stop hounding you. I viewed one where the guy stunk of b.o, lied and he was a arrogant tt. That was enough to make me think, nah fk you i'll not offer you more than the valuation. or
Maybe your house was rather spectacular and they did just want to come see like you say.
Floor plans yes, as a draughtsman i find them wonderful, I can picture things with ease. Many of the public, DON'T. Would you buy a car knowing the Dims without sitting in it.
If your genuinely happy with your sell and aren't having doubts about pulling out like you mentioned a few pages ago I wish you all the best, my comments were not meant to be personal. But buying a house is a strange one, what seems on paper as the ideal house might not be a home. You do have to put an effort in.
ps. my decor is s
t, wtf do you think I'm moving for.. My taste of décor is very 'Terry and June' too so I leave it to someone else.
Just for clarity I'm not having doubts about selling. The comments about 'pulling out' was in relation to my buyer and what he'd be liable for in the event he tried.
I'm NEVER going to pull out.
I think you may be right on the subject of renting and the novelty may wear off after the 6 months but hopefully by then we have found somewhere.
Also the EA's talk utter BS that's very true just to keep you on the hook with them and they tend to be bad at remembering their lies.
moanthebairns said:
Floor plans yes, as a draughtsman i find them wonderful, I can picture things with ease. Many of the public, DON'T. Would you buy a car knowing the Dims without sitting in it.
If your genuinely happy with your sell and aren't having doubts about pulling out like you mentioned a few pages ago I wish you all the best, my comments were not meant to be personal. But buying a house is a strange one, what seems on paper as the ideal house might not be a home. You do have to put an effort in.
ps. my decor is st, wtf do you think I'm moving for.
If your genuinely happy with your sell and aren't having doubts about pulling out like you mentioned a few pages ago I wish you all the best, my comments were not meant to be personal. But buying a house is a strange one, what seems on paper as the ideal house might not be a home. You do have to put an effort in.
ps. my decor is s
t, wtf do you think I'm moving for.Many times on these property shows on TV you see couples falling in love with a house because of it's 'feel'. They often go through many houses that tick all the boxes but just don't get a vibe from it.
As you say, buying stuff can be quite a complicated issue, where sometimes logic has no place at all.
Driller said:
I've lived in France and for the last 16 years and for the last few years have been looking for a little terraced cottage with a small garden and a parking space to go back to to when I visit the South West. The typical sort of thing I've looked at has a living room and kitchen downstairs with 2 bedrooms and a bathroom upstairs. Size is around 80-90 square meters.
The price is always the same, around £400K. It's utterly insane. Who are the mad people driving this market? Prices are this high, because people are showing that they are ready to pay this kind of money for this kind of product. If I knew it was a dead cert investment then that would be another thing but at any time the bottom could fall out of the market and you'd be left feeling like a fool.
This sort of thing:
https://www.rightmove.co.uk/property-for-sale/prop...
This place is just 75 square meters.
I could literally buy a Chateau for this kind of money in France
People have been saying that for 10 years + though, hesitated and missed 10 years of house price growth.The price is always the same, around £400K. It's utterly insane. Who are the mad people driving this market? Prices are this high, because people are showing that they are ready to pay this kind of money for this kind of product. If I knew it was a dead cert investment then that would be another thing but at any time the bottom could fall out of the market and you'd be left feeling like a fool.
This sort of thing:
https://www.rightmove.co.uk/property-for-sale/prop...
This place is just 75 square meters.
I could literally buy a Chateau for this kind of money in France
TX.
alfaman said:
zubzob said:
Easy to forget when reading the London news, that the booms and busts of UK regions sometimes have low correlations with the south east market.
The bigger question, is would a Brexit dip impact the whole of the UK and all the price bands uniformly? I suspect not.
My guess would be the south east would be hit most from Brexit - possibly fewer expats in london, maybe fewer jobs in total in corporate / banking sectorThe bigger question, is would a Brexit dip impact the whole of the UK and all the price bands uniformly? I suspect not.
TX.
Terminator X said:
People have been saying that for 10 years + though, hesitated and missed 10 years of house price growth.
TX.
Apart from now we have been seeing 2+ years of house price decline (initially in prime London and now spreading across Greater London/South east). Different times/different response, the reality is even my high level description is just that, pricing variances can often go as low level as the street it sits on (one adjacent to the other can vary significantly).TX.
Parts of London are already back to 2014 values and continuing to decline.
The sooner houses are being sold for affordable prices the better, by affordable I mean those people with an income of 500 pounds a week or less before tax can buy a home to live happy ever after in
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Penelope Stopit said:
The sooner houses are being sold for affordable prices the better, by affordable I mean those people with an income of 500 pounds a week or less before tax can buy a home to live happy ever after in
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Presumably those people can already afford a house just not in the SE or London?Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
TX.
V6Alfisti said:
Terminator X said:
People have been saying that for 10 years + though, hesitated and missed 10 years of house price growth.
TX.
Apart from now we have been seeing 2+ years of house price decline (initially in prime London and now spreading across Greater London/South east). Different times/different response, the reality is even my high level description is just that, pricing variances can often go as low level as the street it sits on (one adjacent to the other can vary significantly).TX.
Parts of London are already back to 2014 values and continuing to decline.
Ah ok av. prices do seem to show that. Did something happen in 2016
TX.
Terminator X said:
Penelope Stopit said:
The sooner houses are being sold for affordable prices the better, by affordable I mean those people with an income of 500 pounds a week or less before tax can buy a home to live happy ever after in
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Presumably those people can already afford a house just not in the SE or London?Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
TX.
All guess work with the above figures but they do possibly show how difficult life is in the UK for many people
Penelope Stopit said:
Terminator X said:
Penelope Stopit said:
The sooner houses are being sold for affordable prices the better, by affordable I mean those people with an income of 500 pounds a week or less before tax can buy a home to live happy ever after in
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Presumably those people can already afford a house just not in the SE or London?Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
TX.
All guess work with the above figures but they do possibly show how difficult life is in the UK for many people
p1stonhead said:
Penelope Stopit said:
Terminator X said:
Penelope Stopit said:
The sooner houses are being sold for affordable prices the better, by affordable I mean those people with an income of 500 pounds a week or less before tax can buy a home to live happy ever after in
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Presumably those people can already afford a house just not in the SE or London?Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
TX.
All guess work with the above figures but they do possibly show how difficult life is in the UK for many people
p1stonhead said:
Penelope Stopit said:
Terminator X said:
Penelope Stopit said:
The sooner houses are being sold for affordable prices the better, by affordable I mean those people with an income of 500 pounds a week or less before tax can buy a home to live happy ever after in
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Presumably those people can already afford a house just not in the SE or London?Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
TX.
All guess work with the above figures but they do possibly show how difficult life is in the UK for many people
Penelope Stopit said:
p1stonhead said:
Penelope Stopit said:
Terminator X said:
Penelope Stopit said:
The sooner houses are being sold for affordable prices the better, by affordable I mean those people with an income of 500 pounds a week or less before tax can buy a home to live happy ever after in
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Presumably those people can already afford a house just not in the SE or London?Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
TX.
All guess work with the above figures but they do possibly show how difficult life is in the UK for many people
Ok now the question is do you think a single person on an income below the national average should be able (or allowed) to buy a house with zero deposit?
I don’t.
With a 10% deposit payments are just under £400 a month leaving £1200 for everything else which is more than enough.
Anyway this is a bit of a tangent. Back to the question in hand - no there won’t be a 35% drop after brexit.
Edited by p1stonhead on Monday 24th September 20:35
p1stonhead said:
Penelope Stopit said:
p1stonhead said:
Penelope Stopit said:
Terminator X said:
Penelope Stopit said:
The sooner houses are being sold for affordable prices the better, by affordable I mean those people with an income of 500 pounds a week or less before tax can buy a home to live happy ever after in
Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
Presumably those people can already afford a house just not in the SE or London?Hence I hope the housing market in the UK collapses and never returns to the mess it is in at present
35% is mentioned in the OP, 50 % would be much better
TX.
All guess work with the above figures but they do possibly show how difficult life is in the UK for many people
Ok now the question is do you think a single person on an income below the national average should be able (or allowed) to buy a house with zero deposit?
I don’t.
Regarding the zero deposit, I used this as an example to keep the figures simple, unfortunately finding a deposit to put down on a house makes life more difficult for many
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