- Joined
- 9 Apr 2012
- Posts
- 13,159
I based my decision on a video in part by a Liverpool Professor, an EU Lawyer who only spoke of facts and debunked all the lies the leave side made up. There were no lies in that video from him re remain.
Poll: The Official OcUK EU Referendum Exit poll (and results discussion thread)
- Thread starter Feek
- Start date
- Status
I based my decision on a video in part by a Liverpool Professor, an EU Lawyer who only spoke of facts and debunked all the lies the leave side made up. There were no lies in that video from him re remain.
As someone who would be purchasing a house soon, that's the only hope i have coming out of this is that property prices take a bit of a nosedive.
Why? Mortgage and borrowing costs could very well keep people priced out.
That is all.It will be a win for lots of people who woke up with cash/safe haven investments in their portofolio this morning.
Those with big mortgages or no savings will probably take a hit.
A significant house price fall is very much needed in my eyes, many under 35s are disadvantaged by the brown era bubble, and Osborne's continuation of it.
If the excesses enjoyed by the financial sector come to an end, it would not be a bad thing in my eyes.
The prospect of lower house prices is one of the things which motivated me to vote leave in the first place.
Last edited:
Soldato
- Joined
- 28 Oct 2011
- Posts
- 8,595
it really isn't, if house prices fall, its because mortgages are harder and more expensive to get. you will be no better off.
unless you have a huge deposit saved up. the only people such falls benefit is the rich.
It's par for the course with Bremainers, usually goes something like :
WAAAAAAAHHHHHH EVERYTHING I DON'T LIKE IS RACIST!!!!!!
Is that your only argument, though?
That's like saying that Messi is useless because he missed an easy goal once.
Soldato
- Joined
- 23 Dec 2009
- Posts
- 18,214
- Location
- RG8 9
I also hope house prices come down as myself and my rich chums can just buy more to rent out.
Soldato
- Joined
- 14 Mar 2011
- Posts
- 5,441
I wouldn't hate it if the house prices fell either - thanks to the HelpToBuy scheme we've got a 20% equity loan on the house that can only be paid off in two 10% chunks... Could be nice to snipe off one or both of those at a low-point in the house values 
If house prices fall, its because mortgage costs are higher, or that that supply is higher, or that demand is lower.
A fall in house prices can well be a great thing for those looking to buy.
Micro - it was based upon faults in the credit worthiness of residential mortgage assets, this then lead to a worldwide recession. Residential mortgage assets form but one part of the credit markets, which in turn compete interest rate, FX, equity, funds, commodity and various other asset classes - all with vast sub-aspects within each asset class. These in turn compete with traditional banking (investment, merchant, retail, wealth, etc.) concerns globally which make up the macro economy.
The 2008 was a result of a mis-understanding of an aspect of an asset class within capital markets within global finance, and is therefore not a macro issue but very much a micro issue. Experts tend to look at one asset class as a micro focus or they'll look at everything in a macro context. Therefore there weren't many experts (compared to the amount of all the experts) solely examining US residential mortgage assets.
because house stock is suddenly going to rise. haha.
although you are technically right you are so wrong.
Soldato
- Joined
- 17 Nov 2005
- Posts
- 3,072
- Location
- Swindon, UK
First day out of Europe and we've got terrible rains here in Swindon. 
First day out of Europe and we've got terrible rains here in Swindon.
Raining locusts here
The whole process has been a tragedy. I work in a hospital and a few care homes and, whilst I mean no offence at all to them, they are all great people, a lot of the workforce is poorly educated. Some of the questions they were asking is frightening, including a nurse the day before asking me 'who do I vote for to stop the immigrants?'. That this was decided in a referendum with information so poorly communicated is just a sad state of affairs.
And the people calling remain voters 'poor losers' is equally sad. This wasn't a football match decided on a dodgy decision, it was a very important decisions that will affect everyone. With the amount of passion put in by both sides of the debate throughout the campaign, they really should realise that
And the people calling remain voters 'poor losers' is equally sad. This wasn't a football match decided on a dodgy decision, it was a very important decisions that will affect everyone. With the amount of passion put in by both sides of the debate throughout the campaign, they really should realise that
I don't have time to debate but maybe you have time to read up on it.
In short, house prices falling = not good, house prices crashing = disaster, house prices slower growth than wage growth = good. The latter seems to be a distant scenario at the moment
- Status