George Osborne says that house prices would go down 18% if we leave the EU. Why is this a bad thing?
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Originally posted by jmelanie View PostGeorge Osborne says that house prices would go down 18% if we leave the EU. Why is this a bad thing?
The man is an idiot who I wouldn't let fill in my tax returns, never mind run the countries finacies
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Originally posted by jmelanie View PostGeorge Osborne says that house prices would go down 18% if we leave the EU. Why is this a bad thing?
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Originally posted by Greengrass View PostHouse 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.“He'll regret it till his dying day, if ever he lives that long”
Will Danaher
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Originally posted by Ramsey is god View PostBecause then the majority of people will be in negative equity and be stuck.
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Originally posted by Hove Ranger View Post*insert* that own property.
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
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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.“He'll regret it till his dying day, if ever he lives that long”
Will Danaher
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Originally posted by Ramsey is god View Postwould 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 tbhLast edited by Hove Ranger; 27-05-2016, 11:00 AM.
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Originally posted by Itsonlyagame View PostThe 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.
Either way, like i said, i dont actually think being in or out of the EU is going to have an effect on this.
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Originally posted by Ramsey is god View Postwhat 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.
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.“He'll regret it till his dying day, if ever he lives that long”
Will Danaher
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