Housing market Lemmings

[spitfire]

Haway then how many have followed like sheep this last year. I've seen some shit property sell for ludicrous prices down south. Hopefully people haven't overstretched themselves and we don't see the return of the negative equity trap. I believe Sunak has royally fucked up here.

Why do smart people inflate house prices? Sunak's stamp duty slip up

Rishi Sunak is smart, as is George Osborne, so why did Britain's two best known Chancellors of the past decade go down the route of inflating house prices?

www.thisismoney.co.uk

Mods move this - wrong forum ooops

 

[monkeytassle]

Haway then how many have followed like sheep this last year. I've seen some shit property sell for ludicrous prices down south. Hopefully people haven't overstretched themselves and we don't see the return of the negative equity trap. I believe Sunak has royally fucked up here.

Why do smart people inflate house prices? Sunak's stamp duty slip up

Rishi Sunak is smart, as is George Osborne, so why did Britain's two best known Chancellors of the past decade go down the route of inflating house prices?

www.thisismoney.co.uk

Mods move this - wrong forum ooops

Easiset way to make people rich

 

[spitfire]

Easiset way to make people rich

Who estate agents. It's a bad thing marra

 

[DaveI]

Folk have been predicting a house price crash for years.

Still waiting.

 

[Epping]

Certainly big growth in some areas... People realising they won't need to commute 5 days a week moving out to the burbs and beyond..

 

[Goat Eyes]

Folk have been predicting a house price crash for years.

Still waiting.

It’s the increase in interest rates which is more likely, that’ll cripple a few.

 

[cosmicchris00]

Haway then how many have followed like sheep this last year. I've seen some shit property sell for ludicrous prices down south. Hopefully people haven't overstretched themselves and we don't see the return of the negative equity trap. I believe Sunak has royally fucked up here.

Why do smart people inflate house prices? Sunak's stamp duty slip up

Rishi Sunak is smart, as is George Osborne, so why did Britain's two best known Chancellors of the past decade go down the route of inflating house prices?

www.thisismoney.co.uk

Mods move this - wrong forum ooops

Inflating the housing market makes people feel like they have greater equity (debt / value quotient reduces)

When people feel like they have more money they are more likely to spend.

This helps to spin the economy plates faster and Rishi and his mates are more likely to get elected.

 

[Goat Eyes]

Certainly big growth in some areas... People realising they won't need to commute 5 days a week moving out to the burbs and beyond..

Every second house in Sunderland is for sale.

People are just looking for an upgrade.

 

[Yer da claims JSA]

Be interesting to see what happens when furlough ends and we see the true impact of lost jobs

There’s potentially going to be hundreds of thousands unable to pay rents and mortgages.

That’ll be interesting

 

[Butcher's Coat]

Easiset way to make people rich

I was going to say "pure greed".

 

[Professor Yaffle]

Anyone who owns more than one house... I can't wait for them to get bitten hard.

 

[royalmush83]

Anyone who owns more than one house... I can't wait for them to get bitten hard.

Thanks mate.

 

[Butcher's Coat]

Every second house in Sunderland is for sale.

People are just looking for an upgrade.

Really?

 

[Epping]

Really?

No not at all but doesn't sound as good

 

[Professor Yaffle]

Thanks mate.

You're welcome.

 

[Butcher's Coat]

No not at all but doesn't sound as good

Don't let the truth get in the way of a good story.

 

[monkeytassle]

I was going to say "pure greed".

Didn't you work in the offshore oil industry

 

[dangermows]

Prices are going daft Seaburn way at the minute. Selling in no time too.

Didn't you work in the offshore oil industry

Interesting...

 

[Butcher's Coat]

Didn't you work in the offshore oil industry

I sure did.
Plenty of greed displayed by the oil companies in my time.

 

[monkeytassle]

I sure did.
Plenty of greed displayed by the oil companies in my time.

Paid you handsomely too I expect