1 in 79 Brits are property millionaires

[milanbenes]

according to the Torygraph 1 in 79 Brits is now a millionaire thanks to property

Surging house prices mean one in 79 Britons is now a millionaire

how cool is that !

how many here are as Sue would say, high net worth individuals ?

Milan.

[PhiltheGreek]

Not me, a simple life of renting local authority stock is more than sufficient for my needs.

[eek]

according to the Torygraph 1 in 79 Brits is now a millionaire thanks to property

Surging house prices mean one in 79 Britons is now a millionaire

how cool is that !

how many here are as Sue would say, high net worth individuals ?

Milan.

That tells you everything you need to know about Asset bubbles, the current state of the UK economy and the reasons behind the current state of the UK economy...

[milanbenes]

That tells you everything you need to know about Asset bubbles, the current state of the UK economy and the reasons behind the current state of the UK economy...

yes correct but hey, don't scare them all, let's see how many of them think they are rich ;-)

Milan.

[scooterscot]

What will make the bubble pop?

Probably a post brexit bubble when all the EU workers have left? High and Low skilled workers. Less demand for housing...

Increased interest rates? Think this will be the most likely myself, the currency continues to devaluate and debts are foreign owned. Soon as bond holders asked for more interest...

Or worst case. People realise £1million house is not worth £1million pounds. Perhaps at best the whole house can be built again for £250k. That will be the most painful outcome.

[eek]

What will make the bubble pop?

Probably a post brexit bubble when all the EU workers have left? High and Low skilled workers. Less demand for housing...

Increased interest rates? Think this will be the most likely myself, the currency continues to devaluate and debts are foreign owned. Soon as bond holders asked for more interest...

Or worst case. People realise £1million house is not worth £1million pounds. Perhaps at best the whole house can be built again for £250k. That will be the most painful outcome.

To know how the bubble pops you need to know how the bubble was created and what's currently holding it together.

I suspect the means for the bubble to pop are already in place (S24 and other changes that are discouraging BTL borrowing and BTL lending). All that is required now is time...

[milanbenes]

To know how the bubble pops you need to know how the bubble was created and what's currently holding it together.

I suspect the means for the bubble to pop are already in place (S24 and other changes that are discouraging BTL borrowing and BTL lending). All that is required now is time...

eek I've told you once and I'm not going to tell you again

don't scare them

let them feel rich it's more fun

Milan.

[rl4engc]

All that is required now is time...

That sounds like what housepricecrash.co.uk were always going on about in the noughties.

There won't be a burst, just a 'reversion to mean'.

[eek]

That sounds like what housepricecrash.co.uk were always going on about in the noughties.

There won't be a burst, just a 'reversion to mean'.

I take it you weren't around in 1988-92 to see what happened when a similar minor prop was removed....

[BlasterBates]

I don't see a house price crash until interest rates get jacked up. House prices in relation to interest rates aren't that high. However if interest rates do get jacked up there will be an almighty crash.