Britain would go to the ‘back of the queue' for US trade deals post-Brexit

[BrilloPad]

Ok, let's say every house price dropped by 50%, what's your next action?

Get the children to get a mortgage and move out.

Then downsize before they realize how tough it is running your own home.....

[sasguru]

I will rent current house if I can't sell it.

But you still have a mortgage on it and no one will give you another one. Your move ....

[PurpleGorilla]

But you still have a mortgage on it and no one will give you another one. Your move ....

Silly me I didn't realise the entire banking system would collapse and no mortgages to be lent out!

[tomtomagain]

Buy a £500k house for £250k

No. You'd be buying a 250k house for 250k.

And hoping it didn't fall by another 25%.

The thing you are not considering is that if there was a 50% house price crash, even if you were still in the black personally, that it would be such an economic shock that all sorts of secondary effects would be occurring. For a start the whole housing market could freeze up leaving you unable to take advantage of the new pricing.

[fool]

To be fair, it's not really about us. It looks like Gideon has already done enough to pop the bubble which will be good for the majority of young people. Whether or not he did it on purpose or he's just a greedy tulip is another debate though.

[darmstadt]

Moral argument:
Reported a few months back that it is now 21 years since the sleazy corrupt EU accounts were last signed off.

Project FUD once again...

A bit old but still:

UK media – for example the Daily Mail, Daily Express and the Times – yet again reported that the European Court of Auditors (ECA) has not signed off the EU accounts. Some media -this time including the Daily Telegraph – claim that UK taxpayers will be liable to pay back GBP 800 million. Both statements are simply false.
The Court did in fact sign off as accurate the EU’s accounts for 2012 – as it has done each year since 2007.

[sasguru]

Silly me I didn't realise the entire banking system would collapse and no mortgages to be lent out!

People Are not usually allowed 2 mortgages ....remember prices have fallen by a half, so your mortgage on your primary property is now nearly 100 percent of its value, so you can't BTL it.

[fool]

Silly me I didn't realise the entire banking system would collapse and no mortgages to be lent out!

https://en.wikipedia.org/wiki/Subprime_mortgage_crisis

[AtW]

Buy a £500k house for £250k

Do you have £250k cash to do it?

[darmstadt]

I think Leave are just going for the race card now, forget economics as it's too difficult for the dumbed down voters to understand:

Farage said leave campaigners should focus more on the issue of immigration, instead of the economics of the EU. “If we debate economics and trade, we can go round in circles for weeks and the public will be none the wiser,” he said.

But Farage said it was time for a fresh start after a shaky week in which Vote Leave’s campaign director Dominic Cummings endured a tough grilling from MPs and Boris Johnson was slapped down by Obama after claiming he nurtured an “ancestral dislike of the British empire” because he was “part-Kenyan”. (*)

The backlash against Johnson’s comments continued as students at Kings College London withdrew a speaking invitation to the outgoing mayor of London, citing his “inappropriate comments and inferences towards President Obama’s Kenyan heritage, of which he is rightly proud.”

(* Farage also said this...)