Originally posted by Old Greg
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Brexit Doom
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I blame Atw.
He sits and pays rent for 10 years whilt house prices rise exponentially, and then, at a time when the EU is about to collapse into a fatal banking crises, and the UK votes for political and economic freedom, he goes and buys a very expensive bedsit in Britain's dullest city.
Oh well, cheap houses, we will just have to get used to it.Comment
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Originally posted by DimPrawn View PostI blame Atw.
He sits and pays rent for 10 years whilt house prices rise exponentially, and then, at a time when the EU is about to collapse into a fatal banking crises, and the UK votes for political and economic freedom, he goes and buys a very expensive bedsit in Britain's dullest city.
The Chunt of Chunts.Comment
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Originally posted by NotAllThere View PostIt'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.Comment
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I think everyone agrees house prices are too high. The problem is that any sharp shocks that prick the bubble eventually lead to more poor people in food bank queues since everything is inter-related.
Make no mistake, the people who voted Brexit will on the whole bear the brunt of it. Which is fair enough.Comment
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Originally posted by CretinWatcher View PostI think everyone agrees house prices are too high. The problem is that any sharp shocks that prick the bubble eventually lead to more poor people in food bank queues since everything is inter-related.
Make no mistake, the people who voted Brexit will on the whole bear the brunt of it. Which is fair enough.merely at clientco for the entertainmentComment
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Originally posted by The_Equalizer View PostLoopy housing costs are not a good thing. Did RoI have a bit of trouble with this too? How many rue the day they got taken in by it all?
It's the same with the decrease in the value of GBP. It will have some upsides, but it is a reflection of weakness and uncertainty.Comment
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Originally posted by eek View PostGiven the demographics of those who voted for Brexit I can't see how dying (which a lot of them will do naturally at some point in the near future) is bearing the brunt of it....
Or are you still thinking it was only manual workers in Sunderland who voted to leave?Comment
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Originally posted by The_Equalizer View PostAre 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?
I have seen them go after btl borrowers though.Comment
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