Admission

[bobspud]

So if a lawyer cannot buy my house, who the hell can?

I will ask another question and lets see if it answers your question:

If the money is stolen and all they are trying to do is hide it in some form of asset that can in turn be hidden in an offshore trust, does the buyer want:
a) a low house price?
b) a very high house price?

[sasguru]

BTL is dying
20-30 somethings have low pay and high debt ditto the generations behind them
Generations with the money and low debt will all be dead in 30 years

Either a new model for house ownership will happen and/or a mega crash. Perhaps the state will take ownership of housing again, possibly there will be some redistribution of assets as the poor generations lurch to the left (after all they will have nothing to lose)

Could have been avoided, but political vanity and short term thinking rule the UK.

Completely agree.
Added to which the UK has abandoned capitalism, which I believe to be the best of the many flawed economic systems invented by human beings, in favour of cronyism and get-rich-quickism by the people at the top.

[OwlHoot]

Added to which the UK has abandoned capitalism, which I believe to be the best of the many flawed economic systems invented by human beings, in favour of cronyism and get-rich-quickism by the people at the top.

Money makes money - There's always a natural tendency for money to collect in ever larger amounts in fewer hands.

'Twas ever thus, for example back in Roman times in the late republic.

[AtW]

If remaining flats in the building drop by 50% then I'd buy them all and thus have average purchase value close to new low price.

Simples.

[d000hg]

I thought this was an April Fool post but apparently it was posted a day early?!

[DimPrawn]

If remaining flats in the building drop by 50% then I'd buy them all and thus have average purchase value close to new low price.

Simples.

Dirty Spekulent, repent!

[unemployed]

I think property prices have a LONG way to go (up) before the crash, possibly even double in the next few years, all due to intervention.

UK won't leave the EU, confidence in the UK will boom, immigration will quadruple.

To sell now is silly.

That's my last word on this thread.

Young should start rioting now in that case .

[sasguru]

Young should start rioting now in that case .

Try not to trip over your selfie sticks.

[DimPrawn]

Try not to trip over your selfie sticks.

Post an angry faced selfie on Instagram, that will show them boomers!

[tomtomagain]

I will ask another question and lets see if it answers your question:

If the money is stolen and all they are trying to do is hide it in some form of asset that can in turn be hidden in an offshore trust, does the buyer want:
a) a low house price?
b) a very high house price?

Neither. They want a stable house price.