Europe. In or out?

[jmelanie]

George Osborne says that house prices would go down 18% if we leave the EU. Why is this a bad thing?

[gaza09]

George Osborne says that house prices would go down 18% if we leave the EU. Why is this a bad thing?

He also said we would suffer crippling inflation, so so who we would have inflation a deflation all at the same time.
The man is an idiot who I wouldn't let fill in my tax returns, never mind run the countries finacies

[Hove Ranger]

He also said we would suffer crippling inflation, so so who we would have inflation a deflation all at the same time.
The man is an idiot who I wouldn't let fill in my tax returns, never mind run the countries finacies

It is possible, biflation.

[Olly]

George Osborne says that house prices would go down 18% if we leave the EU. Why is this a bad thing?

House prices will go down to rubble, and pensions will go down to zero, because we'll all be dead after WW3. And anyone that's left will die of starvation because there will be no jobs to buy food.

[Itsonlyagame]

House prices will go down to rubble, and pensions will go down to zero, because we'll all be dead after WW3. And anyone that's left will die of starvation because there will be no jobs to buy food.

Yes but apart from that, what's the advantages of staying in the EU ?

[Ramsey is god]

George Osborne says that house prices would go down 18% if we leave the EU. Why is this a bad thing?

Because then the majority of people will be in negative equity and be stuck.

[jmelanie]

Because then the majority of people will be in negative equity and be stuck.

Only people who bought recently because house prices (especially in London) have gone up about 18% in the last couple of years. In Central London a lot of houses/apartments have been sold to foreign consortiums. This will change a bit in any case due to the new regulations for renting and second homes.

[Hove Ranger]

Because then the majority of people will be in negative equity and be stuck.

*insert* that own property.

[Ramsey is god]

*insert* that own property.

would have thought that was obvious given the subject.....

Jmel - i get what you are saying, not sure house prices rising 18% in the last couple of years is true. OK house prices falling will allow more 1st time buyers onto the ladder, But that will never be good news for the people who own houses.

I think house prices will eventually drop, albeit it at a slower gradual rate whether we are in or out of the EU though tbh

[Itsonlyagame]

The case for house prices, as with most things monetary, is unproven on both sides.
As Melanie says, unless you've bought recently, there's every chance there's enough equity in your property to counter balance any drop, if it happened. Not only that, negative equity only becomes a problem if you need to sell or borrow against your property.

[Hove Ranger]

would have thought that was obvious given the subject.....

Jmel - i get what you are saying, not sure house prices rising 18% in the last couple of years is true. OK house prices falling will allow more 1st time buyers onto the ladder, But that will never be good news for the people who own houses.

I think house prices will eventually drop, albeit it at a slower gradual rate whether we are in or out of the EU though tbh

There's a difference between majority of people and the majority of people that own property. Thats all

[Ramsey is god]

There's a difference between majority of people and the majority of people that own property. Thats all

[Ramsey is god]

The case for house prices, as with most things monetary, is unproven on both sides.
As Melanie says, unless you've bought recently, there's every chance there's enough equity in your property to counter balance any drop, if it happened. Not only that, negative equity only becomes a problem if you need to sell or borrow against your property.

what you own, all of a sudden becomes worth less. Would have thought thats a problem for everyone who owns a property.

Either way, like i said, i dont actually think being in or out of the EU is going to have an effect on this.

[Itsonlyagame]

what you own, all of a sudden becomes worth less. Would have thought thats a problem for everyone who owns a property.

Either way, like i said, i dont actually think being in or out of the EU is going to have an effect on this.

I own a property and just as I dont tend to get too exited by the rises, I couldn't care less what's it's worth the day after we leave the EU unless interest rates shoot up, I can't pay the mortgage and needed to sell it.
Not only that, people on the property ladder generally try to move up. If there's a blanket drop in prices the house they would be aspiring to would drop as well, so it's all relative.

[Kevin Mcleod]

There is no chance the vote will ever be for out though is there? No chance whatsoever ..??