Originally posted by Old Greg
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Reply to: House prices
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Previously on "House prices"
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I'm waiting to be able to buy a holiday home in places like Torbay where the average age is 85! This is Brexit virus, they're going to get there's and we're going to get there houses!!!! Mwahhhahahhahaaa
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Originally posted by NotAllThere View PostWith a significant number of the home owning population killed off, I'd expect prices to drop.
Once they drop, prices drop?
Pension crisis solved at the same time, no need for more QE, money tightening & cash sacristy follows, next is increasing interest rates before you know we're back to square - rinse & repeat.
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Retired people have been able to afford to remain in their family homes long after the children have gone because the pensions were so good from decades ago. The stock-market rout will wipe-out the pension funds leaving the empty-nesters no choice but to sell-up and down-size in order to eat.
They don't even need to die.
This was on the cards anyway but current events have brought the day forward.
Good: You get an affordable house.
Bad: You work till you drop.
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With a significant number of the home owning population killed off, I'd expect prices to drop.
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Originally posted by WTFH View PostLikewise. I’m not selling my house so it’s not worth worrying about.
Cute that you think there is buyers. Wait until interest rates start going back.
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Originally posted by WTFH View PostLikewise. I’m not selling my house so it’s not worth worrying about.
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I have lost nothing. Who cares what my house is worth?
Younger people are starting to a gain though. Incentive to work.
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Originally posted by WTFH View PostLikewise. I’m not selling my house so it’s not worth worrying about.
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