Brexit Doom

[DimPrawn]

Prices of UK homes for sale see biggest fall in 9 months in August - Rightmove | Reuters

Oh my god! The price of a home getting cheaper!

Doom, we can buy a bigger house for less money, who wants that FFS! Lower monthly cost for more house, with more space and more land.

I blame Brexit.

[OwlHoot]

Looks like Reuters is as determined as the BBC to winkle out every scrap of "bad" news and, however spuriously, blame it on Brexit.

[CretinWatcher]

The first economic data post Brexit is coming out this week: inflation, unemployment and spending.
I expect all 3 to go up, the latter because people don't know what's coming.

[Old Greg]

Prices of UK homes for sale see biggest fall in 9 months in August - Rightmove | Reuters

Oh my god! The price of a home getting cheaper!

Doom, we can buy a bigger house for less money, who wants that FFS! Lower monthly cost for more house, with more space and more land.

I blame Brexit.

I do admire your infinite capacity to see the bright side in signs of economic weakness. And you're quite right - cheaper housing is a good thing.

[The_Equalizer]

I do admire your infinite capacity to see the bright side in signs of economic weakness. And you're quite right - cheaper housing is a good thing.

Entirely a good thing. More of the same please.

[BlasterBates]

Opportunities to short the pound as it continues to slide:

[CretinWatcher]

Opportunities to short the pound as it continues to slide:

That is indeed a good money-making opportunity ...I suspect it will fall further after the economic data is released.

[NotAllThere]

Prices of UK homes for sale see biggest fall in 9 months in August - Rightmove | Reuters

Oh my god! The price of a home getting cheaper! ..

It's great. All those people whose mortgages are bigger than the value of their house face repossession (since they've now borrowed more than 80% or whatever the deal was), so there will be more houses available and house prices will drop further.

[The_Equalizer]

It's great. All those people whose mortgages are bigger than the value of their house face repossession (since they've now borrowed more than 80% or whatever the deal was), so there will be more houses available and house prices will drop further.

Are you saying that banks 'call in' mortgages on homeowners in negative equity? Never heard of that one before and surely self-defeating for the banks?

[Old Greg]

Entirely a good thing. More of the same please.

Obviously the underlying weakness and uncertainty is not at all a good thing, but one must see the silver linings.