Brexit good news

[CryingSheep]

Negative mortgage anyone?

My bank in Denmark just offered me a NEGATIVE rate of interest to borrow money | Sovereign Man

I don't think house prices will fall when your high street bank will pay you to buy a house....

Don't forget, if you take a mortgage at negative interest, if in a couple of months/years, the interest start going up and up you still have to pay your mortgage (and the interest)...

[original PM]

OPM, the above is what you normally imply.

Were your cornflakes soggy this morning?

[DimPrawn]

Negative mortgage anyone?

My bank in Denmark just offered me a NEGATIVE rate of interest to borrow money | Sovereign Man

I don't think house prices will fall when your high street bank will pay you to buy a house....

[Platypus]

Young people deserve it.

My young people are just trying to buy their first place. Oh well !

[BrilloPad]

Historically house prices 'crash' every ten years. We are now 11 years from the last one... sooner or later, brexit or not, it will happen!

2008 was just a minor blip down. The last proper crash was 1989 that took about 6 years to recover. From 1995 it took about 3 years for prices to double to 7 years to treble.

I hope there will be a crash rather than a blip. Young people deserve it.

[WTFH]

No no no.

It's because of the EU

Everything bad is because of the EU

You know when you get to the bottom of the bowl of cornflakes and the last few are soggy?

That's the EU for you.

OPM, the above is what you normally imply.

[CryingSheep]

No no no.

It's because of Brexit.

Everything bad is because of Brexit.

You know when you get to the bottom of the bowl of cornflakes and the last few are soggy?

That's Brexit for you.

But in this case was being highlighted as a good thing coming out of Brexit...

A small 'crash' (correction) on house value can be fine and even healthy to some economies, drops over 10% start to be very dangerous...

[original PM]

Historically house prices 'crash' every ten years. We are now 11 years from the last one... sooner or later, brexit or not, it will happen!

No no no.

It's because of Brexit.

Everything bad is because of Brexit.

You know when you get to the bottom of the bowl of cornflakes and the last few are soggy?

That's Brexit for you.

[CryingSheep]

UK house prices and sales 'losing momentum' - BBC News

To be fair, prices are only flatlining. Son perhaps this is only slightly good news.

Hopefully there will be a crash soon.

Historically house prices 'crash' every ten years. We are now 11 years from the last one... sooner or later, brexit or not, it will happen!

[DimPrawn]

They will boom if we follow Denmark.

https://www.bloomberg.com/news/artic...s-rates-plunge

[BrilloPad]

UK house prices and sales 'losing momentum' - BBC News

To be fair, prices are only flatlining. Son perhaps this is only slightly good news.

Hopefully there will be a crash soon.