Buy-to-let DOOM

[AtW]

Mate I could pay off my very small mortgage tomorrow if I wanted too. But I get more investing the money than the interest on the mortgage loan.

You dirty spekulant!!!

[jamesbrown]

Firstly, I don't see a vote for BREXIT. Second if we get it, I don't think the shock will be all that great. Having said that the instability might wobble Germany (deutsche bank) and the derivative bubble goes pop. The 2008 crisis was deflated by huge bail outs. There is still plenty of toxic debt put their which could throw the system. But I do see it as unlikely (HPC). There are just too any migrants.

It has very little to do with migrants, as the property bubble has inflated rapidly over the last 5 years, partly through gov't-backed speculation, and partly from lack of supply, but mainly because of cheap credit. Inward migration is a very long-term demand factor, certainly not responsible for house price growth of 10-20% per year in parts of the SE and London. No, on the contrary, the bubble is likely to burst despite this long-term demand factor. It will only precipitate from a change in credit conditions, and I don't see Brexit as the trigger for that (potentially the opposite). But I agree that it increases pressure on housing and public services in the long-term.

[AtW]

It has very little to do with migrants

That bit always made me - poor immigrants who come to this country often share rooms (2-3 people in single room), I was lucky to live in room on my own, later shared house with my good friend and only was able to afford to buy this year really. Taxes are so high that even local people with very good jobs don't have many chances to buy, large scale immigration mainly creates problem for unskilled jobs market and that's about it.

Ironically Tory Scum policies encourage such unskilled migration with higher minimum wage and higher personal allowance.