Brexit, for once some facts.

Fingers

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Feb 9, 2016
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Not keen on that idea. I’ll just stick it on the house price, as will everyone else, so the buyer still pays. Stupid idea from a short-arsed squeaky voiced idiot.
Good luck with that.

You won't be selling that house for a long time if ever.

It's a buyer's market for the first time probably since the 70's. It was one of my hopes this would happen when I voted out.

I am hoping to buy a house in November. This same house was 470k about 3 years ago. I'm quite confident I can get it for 300k now. At most it will be 320k.

Happy days!
 

Fingers

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Brexit is more like Hugo Chavez's Venezuela, supposed benefits for the people driving the country towards bankruptcy.
.

I can see the analogy. Although it's the USE trying to **** us over from the outside not the USA in regards to Venezuela.
 
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oldgroaner

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Of course you don't see it as a coup. It suits your narrative so therefore it's the right thing to do.

Yet only three or four posts before you wanted no deal to happen to show us all what for.

This is a problem with remainists. You haven't got a stance except to stop brexit or make people who did vote for it sorry. It's cultist.

What happens if you do get your way? What next? Rub along as it was before? The EU is desperately unpopular here. And in many parts of Europe. And it will only get worse.

The problems being stored up will get worse and the leaving will be even more acrimonious. We are not part of the EU. We are not part of the Euro. We will be leaving at some point, a lot of silly people who have no spine are trying to force a coup. How anyone with a brain takes the lid dems seriously is an anathema to me.
The people with no spine are the cowards who voted to leave the EU because they were afraid of losing something, so don't try that nonsense.
Time you dropped this stupid backward looking brexit
 
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50Hertz

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Jan 2, 2019
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Good luck with that.

You won't be selling that house for a long time if ever.

It's a buyer's market for the first time probably since the 70's. It was one of my hopes this would happen when I voted out.

I am hoping to buy a house in November. This same house was 470k about 3 years ago. I'm quite confident I can get it for 300k now. At most it will be 320k.

Happy days!
We’ll see. Financially, I’ve done rather well out of property and land.

The example you quote happens all the time. Nothing new to see there, move along.
 

Fingers

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We’ll see. Financially, I’ve done rather well out of property and land.

The example you quote happens all the time. Nothing new to see there, move along.

Well it hasn't happened in London before.

But I'm sure you know better.

Gotta love brexit when it opens up opportunities like this!
 

50Hertz

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Jan 2, 2019
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Well it hasn't happened in London before.

But I'm sure you know better.

Gotta love brexit when it opens up opportunities like this!
At last, we have a statement concerning a perceived advantage of Brexit from you.

Falling house prices is your stated advantage. Whilst houses becoming more affordable is undoubtedly a good thing, falling prices don’t necessarily make them more affordable for many people. Prices usually drop because of falling demand and if demand is falling in a country where there is a housing shortage, something is seriously wrong.

That something is the looming prospect of a no deal Brexit. People are nervous about their financial future, and financial institutions are nervous about lending to people who are very likely to lose their jobs fairly soon if we have a no deal Brexit. For these sorts of reasons, demand for housing is being stifled, so prices are falling . This doesn’t make houses easier to buy or more affordable. Your example is not a good thing, it’s a very bad sign.
 

Fingers

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Feb 9, 2016
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At last, we have a statement concerning a perceived advantage of Brexit from you.

Falling house prices is your stated advantage. Whilst houses becoming more affordable is undoubtedly a good thing, falling prices don’t necessarily make them more affordable for many people. Prices usually drop because of falling demand and if demand is falling in a country where there is a housing shortage, something is seriously wrong.

That something is the looming prospect of a no deal Brexit. People are nervous about their financial future, and financial institutions are nervous about lending to people who are very likely to lose their jobs fairly soon if we have a no deal Brexit. For these sorts of reasons, demand for housing is being stifled, so prices are falling . This doesn’t make houses easier to buy or more affordable. Your example is not a good thing, it’s a very bad sign.

Nah. The house market has needed a major correction for decades. Not just a tweak.

Too many people own more houses than one when some own none due to the market being unfairly skewed against them.

I'd like to see an interest rate hike too. Really start leaning on those buy to let twats who bought on interest only mortgages using their family home as collateral.

I think it will happen and I could get a better house cheaper if I just held off. But I'm not a greedy man. I'm buying a home not an investment.

An excellent by product of brexit doncha think?

I wonder what the next bonus will be?

Exciting times!
 

oyster

Esteemed Pedelecer
Nov 7, 2017
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West West Wales
Good luck with that.

You won't be selling that house for a long time if ever.

It's a buyer's market for the first time probably since the 70's. It was one of my hopes this would happen when I voted out.

I am hoping to buy a house in November. This same house was 470k about 3 years ago. I'm quite confident I can get it for 300k now. At most it will be 320k.

Happy days!
Let us take your figure of £320k. Tax at 5% over £300k. What real difference does it make if the buyer has to pay £300k for the house and then another £1k stamp duty or the seller has to sell at £301k and then pay £1k stamp duty?

Of course, the agreed price will take into account this stamp duty however it is calculated. Perhaps the occasional deal could fail but I can't see any logical reason for this.

Imagine this comes in on 01/01/2020. On 31/12/2019 the advertised price might be £320k, on 01/01/2020 it goes up to £321k. Obviously, both prices can go up or down depending on the overall market, but I really don't think people will suddenly think the price will actually change because of the stamp duty liability shifting. They will all realise what is happening.
 
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Fingers

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Let us take your figure of £320k. Tax at 5% over £300k. What real difference does it make if the buyer has to pay £300k for the house and then another £1k stamp duty or the seller has to sell at £301k and then pay £1k stamp duty?

Of course, the agreed price will take into account this stamp duty however it is calculated. Perhaps the occasional deal could fail but I can't see any logical reason for this.

Imagine this comes in on 01/01/2020. On 31/12/2019 the advertised price might be £320k, on 01/01/2020 it goes up to £321k. Obviously, both prices can go up or down depending on the overall market, but I really don't think people will suddenly think the price will actually change because of the stamp duty liability shifting. They will all realise what is happening.

If the advertised price was 320k I wouldn't be offering anymore than 250k. That takes stamp duty out of the equation anyway. A percentage or two increase in interest rates and there will be some very, very motivated sellers. Might even get the 320k house for 220k.

Brexit triumphant again.
 

oyster

Esteemed Pedelecer
Nov 7, 2017
10,422
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West West Wales
If the advertised price was 320k I wouldn't be offering anymore than 250k. That takes stamp duty out of the equation anyway. A percentage or two increase in interest rates and there will be some very, very motivated sellers. Might even get the 320k house for 220k.

Brexit triumphant again.
OK - raise the prices so that the agreed price is £320k or £321k. No real change by placing the onus on the seller rather than the buyer except that the price agreed will end up £1k higher than otherwise. (Obviously, all agreements are subject to haggling, etc.)
 
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Fingers

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Feb 9, 2016
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OK - raise the prices so that the agreed price is £320k or £321k. No real change by placing the onus on the seller rather than the buyer except that the price agreed will end up £1k higher than otherwise. (Obviously, all agreements are subject to haggling, etc.)

The seller will swallow it though.
 

Danidl

Esteemed Pedelecer
Sep 29, 2016
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Ireland
Nah. The house market has needed a major correction for decades. Not just a tweak.

Too many people own more houses than one when some own none due to the market being unfairly skewed against them.

I'd like to see an interest rate hike too. Really start leaning on those buy to let twats who bought on interest only mortgages using their family home as collateral.

I think it will happen and I could get a better house cheaper if I just held off. But I'm not a greedy man. I'm buying a home not an investment.

An excellent by product of brexit doncha think?

I wonder what the next bonus will be?

Exciting times!
Since you have some alleged links with Ireland,you should be familiar with the aftermath of our crash. In 2013 to 2015 one could buy very cheaply property which had been priced at double or triple that in 2007. Unfortunately there were no mortgages available, and only those with deep pockets or cash buyers could buy. Many of these were distress sales.
Guess who the people with cash were?. Yes American Pension funds amongst ...otherwise known as Vulture funds. So they started buying the properties ,or in many cases the mortgages ,and evicting people. Of course the market has recovered to close to 2007 levels, .,so they have accumulated a nice nestegg
With the pound having plummeted, do not think that those same funds will not also be looking at the UK.
Be careful what you wish for.
 

Fingers

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Feb 9, 2016
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Since you have some alleged links with Ireland,you should be familiar with the aftermath of our crash. In 2013 to 2015 one could buy very cheaply property which had been priced at double or triple that in 2007. Unfortunately there were no mortgages available, and only those with deep pockets or cash buyers could buy. Many of these were distress sales.
Guess who the people with cash were?. Yes American Pension funds amongst ...otherwise known as Vulture funds. So they started buying the properties ,or in many cases the mortgages ,and evicting people. Of course the market has recovered to close to 2007 levels, .,so they have accumulated a nice nestegg
With the pound having plummeted, do not think that those same funds will not also be looking at the UK.
Be careful what you wish for.
I've been saving and accumulating monies for this reason for the last ten years or so.

Waiting. Poised. Cat like to strike at the right moment. I have muchos denari behind me, banks will be queuing up to offer me terms

Brexit or the threat of it has done me proud.

I wouldn't care if come November there is another extension for forty years. It's done its job for me.

I'm not that bothered about brexit tbh. I could take it or leave it I'm more bothered about democracy and keeping the nut jobs on here obsessed with remaining straight.
 

oldgroaner

Esteemed Pedelecer
Nov 15, 2015
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is this the simple truth?

What it has done is reveal once again the simple fact that by playing on people's fears and making rash promises, the more gullible among the people can be induced to vote for a course of action that will only harm themselves in the mistaken belief that they are harming those that abuse them.
The abusers are cunning enough to use financial swindles not merely to reduce damage to their own financial situation, but to make a killing on the suffering of those simple souls they have induced to self harm.
This has always been the secret of Conservative Power.

As we see on here there is a natural resistance to accepting that they have been gulled among the victims, as they cannot accept they have been made fools of, even though the evidence is plain enough for them to see.
I believe Fingers used the term "Stockholm syndrome" without being able to observe and understand he himself is a victim.
Curious, that he aims the accusation against others, and denies his own so obvious situation?
A reckoning was undoubtedly what the Brexit voters wanted, and indeed were promised
but not anymore, their abusers have seen how to make them cringe and soon to grovel for their temerity in trying to hit back at their abusers.

But there will be serious trouble as we passed the line long ago where this issue can be peacefully put aside.
The only truly effective answer is to grasp the nettle and cancel Brexit, on the basis that the level of trouble caused is likely to be small compared to any other outcome.
 
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oldgroaner

Esteemed Pedelecer
Nov 15, 2015
23,461
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I've been saving and accumulating monies for this reason for the last ten years or so.

Waiting. Poised. Cat like to strike at the right moment. I have muchos denari behind me, banks will be queuing up to offer me terms

Brexit or the threat of it has done me proud.

I wouldn't care if come November there is another extension for forty years. It's done its job for me.

I'm not that bothered about brexit tbh. I could take it or leave it I'm more bothered about democracy and keeping the nut jobs on here obsessed with remaining straight.
Very funny Fingers, do come back when the humorous mood passes.
 
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