Originally posted by MarillionFan
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A good time to be buying a house?
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Originally posted by DimPrawn View PostHe's under the patio, pretty unlikely.Comment
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Originally posted by DimPrawn View PostHe's under the beach in Thailand, pretty unlikely.Always forgive your enemies; nothing annoys them so much.Comment
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Massively over-valued in London and the SE, yes (many international analysts have said the same), but there needs to be a catalyst for a crash, either in terms of a broader crash in asset prices, a recession, or a sudden increase in interest rates. Volumes are historically low, which increases risk (prices are determined at the margins), but I can't see the BTL changes precipitating a broader crash. I hope there's a serious correction, and there will be with the next recession, but I can't see an immediate catalyst (as in, this year).Comment
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Originally posted by jamesbrown View PostMassively over-valued in London and the SE, yes (many international analysts have said the same), but there needs to be a catalyst for a crash, either in terms of a broader crash in asset prices, a recession, or a sudden increase in interest rates. Volumes are historically low, which increases risk (prices are determined at the margins), but I can't see the BTL changes precipitating a broader crash. I hope there's a serious correction, and there will be with the next recession, but I can't see an immediate catalyst (as in, this year).Comment
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Originally posted by jamesbrown View Postthere needs to be a catalyst for a crash
2) interest rates WILL be increasing - FRS has already done the first move and we'll soon see 3% rates in USA, up from near zero
3) BTL relief removal will hit very hard, plus 3% stamp duty on second homes
4) higher taxes in UK on those who had some money - there will be less money around, including for children who counted on mum and dad for deposit
5) stock market will go down following upcoming Chinese deflation, companies will have to top up their pension funds, fire people etc
I decided to continue to rent, at least for next 12 months, going to view new flats today ...Comment
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Originally posted by jamesbrown View PostMassively over-valued in London and the SE, yes (many international analysts have said the same), but there needs to be a catalyst for a crash, either in terms of a broader crash in asset prices, a recession, or a sudden increase in interest rates. Volumes are historically low, which increases risk (prices are determined at the margins), but I can't see the BTL changes precipitating a broader crash. I hope there's a serious correction, and there will be with the next recession, but I can't see an immediate catalyst (as in, this year).
over exposed banks to toxic debts?
rate rises in the US?
a spike in oil prices?Comment
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Originally posted by AtW View Post
4 bedroom detached house for sale in Wingfield, Trowbridge, Wiltshire, BA14 , BA14What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by PurpleGorilla View Postwhat was the 2008 catalyst?
over exposed banks to toxic debts?
rate rises in the US?
a spike in oil prices?Comment
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Originally posted by MarillionFan View PostI'm out of the running now. What do the panel think though?
4 bedroom detached house for sale in Wingfield, Trowbridge, Wiltshire, BA14 , BA14
HTHComment
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