Thanks. You’re very good at speaking to camera. My house is going on the market next month so I’ve my fingers crossed. It’s an attractive area for boomers who have all the money. Basically I’m trying to downsize reduce mortgage free to some money to make choices either here or elsewhere and if I do stay in the UK choose an area with a much lower council tax as mine is extortion. Daylight robbery. Then the choice is South America or well anywhere. The UK is terrifying me. I got elected earlier this year but even in this position can see my influence is minimal. Need several of me with my views to make an impact. I’ve a small property in London caught up in the cladding scandal which is bleeding me dry so have no choice but to reduce every liability.
Problem with selling is that it can often mean you can't buy back, so unless you really need to be careful Cash is a lot harder to acquire than debt so that mortgage might not be such a bad thing.
That said I completely get you wanting to do what you are doing, and to go. I do.
Can you not sell the London property? I guess not. So hard.
Problem is this isn't going into why there is a cycle. There will be a cycle because of the investment cycle. It's like a thermometer of a heating system. When house prices are low investment and building stops, when prices are high investment and building starts until the price goes down again. Due to the inefficiencies of the system as houses can take many years to plan and build, it may indeed naturally cycle at around 18 years.
But the problem is this ignores all the distortions, -the ones you talk about with mass immigration, housing regulations, gov loans schemes etc that will change where the cycle falls. Gov can extend the cycle for a very long time if they want to keep the prices high. Like a person taking a breath, they can hold it in. Not taking into account these factors is why Peter Schiff is always off about gold for example and he admits this.
It's hard to say, Labour aren't as gerontocratic as the Tories they cut the building regulations, so now locals can't block housing projects. Which should lower prices in a few years. But at the same time, more people = more housing demand.
Like an alligator staying cool in the hot sun. It goes in the water to get cool, it gets too cool, gets out and lays in the Sun, gets warm, gets back in the water.
One of my Navy shipmates explained that to me. He was from Florida. Back when we probably lernt a lot more from other people and reading books and newspapers, than we do now online.
Thanks. That would work out well for us as we're planning on being in a position to buy our first house in around 2 yrs time. Better late than never as we're ancient in terms of being first time buyers.
House prices are not going to crash anytime soon, they are a store of value, the globalist network of piggy banks that go up in price whenever there’s a market shock, whenever the immigration figures go up, whenever there’s quantitative easing (money printing) etc. I agree, a market ‘correction’ is long overdue, but we live in a managed economy run by the rich for the rich and they are doing all that they can to keep prices high.
In response to your email, shopld you do more of these? In my opinion yes, at least I find them interesting enough and to the point. Thanks.
thank you
Thanks. You’re very good at speaking to camera. My house is going on the market next month so I’ve my fingers crossed. It’s an attractive area for boomers who have all the money. Basically I’m trying to downsize reduce mortgage free to some money to make choices either here or elsewhere and if I do stay in the UK choose an area with a much lower council tax as mine is extortion. Daylight robbery. Then the choice is South America or well anywhere. The UK is terrifying me. I got elected earlier this year but even in this position can see my influence is minimal. Need several of me with my views to make an impact. I’ve a small property in London caught up in the cladding scandal which is bleeding me dry so have no choice but to reduce every liability.
Thank you.
Problem with selling is that it can often mean you can't buy back, so unless you really need to be careful Cash is a lot harder to acquire than debt so that mortgage might not be such a bad thing.
That said I completely get you wanting to do what you are doing, and to go. I do.
Can you not sell the London property? I guess not. So hard.
Problem is this isn't going into why there is a cycle. There will be a cycle because of the investment cycle. It's like a thermometer of a heating system. When house prices are low investment and building stops, when prices are high investment and building starts until the price goes down again. Due to the inefficiencies of the system as houses can take many years to plan and build, it may indeed naturally cycle at around 18 years.
But the problem is this ignores all the distortions, -the ones you talk about with mass immigration, housing regulations, gov loans schemes etc that will change where the cycle falls. Gov can extend the cycle for a very long time if they want to keep the prices high. Like a person taking a breath, they can hold it in. Not taking into account these factors is why Peter Schiff is always off about gold for example and he admits this.
It's hard to say, Labour aren't as gerontocratic as the Tories they cut the building regulations, so now locals can't block housing projects. Which should lower prices in a few years. But at the same time, more people = more housing demand.
I'm describing the cycle and how it works. I'm not necessarily saying it's right. Hope that's clear.
Like an alligator staying cool in the hot sun. It goes in the water to get cool, it gets too cool, gets out and lays in the Sun, gets warm, gets back in the water.
Love it
One of my Navy shipmates explained that to me. He was from Florida. Back when we probably lernt a lot more from other people and reading books and newspapers, than we do now online.
Thanks. That would work out well for us as we're planning on being in a position to buy our first house in around 2 yrs time. Better late than never as we're ancient in terms of being first time buyers.
House prices are not going to crash anytime soon, they are a store of value, the globalist network of piggy banks that go up in price whenever there’s a market shock, whenever the immigration figures go up, whenever there’s quantitative easing (money printing) etc. I agree, a market ‘correction’ is long overdue, but we live in a managed economy run by the rich for the rich and they are doing all that they can to keep prices high.