Property.

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Laura
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Re: Property.

Post by Laura »

Bottom post of the previous page:

I don't need all that 'stuff'.
I'm only interested in how much my flat will be worth in two years time!
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Re: Property.

Post by Pixel8r »

Laura wrote: Fri Aug 26, 2022 8:31 am I don't need all that 'stuff'.
I'm only interested in how much my flat will be worth in two years time!
I think it is all very much related, which is why I posted the above here.

Hard to work out exactly what will happen to the property market. Let's look at what has gone on to try and work it out.

For decades the property market was hyper-inflated by the central banks via ultra-low interest rates. It is how they expanded the money supply and countered deflation. Creating new money by lending for ever-increasing property prices. Following the credit crunch, the mega funds started buying large swathes of the property market, with the banks' fresh quantitative easing capital. WEFer's were moving forward with their plan, of people owning nothing and large funds owning the lot. The banks were not worried about people buying houses on large mortgages, because they knew they would end up owning them as people defaulted (through the engineered lockdown and closing of small businesses).

So we find ourselves here, property is no longer a place to live but an investment. Prices have been artificially pumped for decades through financial manipulation.

Now we are at the point where this financial manipulation has been taken away from them. We have run away inflation and they are being forced to increase interest rates. This will bring about house price deflation, which is why the mega funds are halting their buying spree. People will not be able to buy because they are fighting to just stay alive and deal with the massive increase in costs of food & energy. So it looks like we are about to see a heavy house price correction.

As the elite get overcome we will see houses move back from being an investment to being a place to live.

We are in the process of moving back to gold-backed money. When we have finished this transition it will mean that property will not be ever increasing as it has been for years via financial manipulation. This is why I would rather own gold and silver than property currently. I suspect that house prices will remain relatively stagnant in fiat terms but crash massively with respect to real money, gold & silver.

Looking at how much money you can make from property will be a thing of the past, it will be what utility it provides that will be the focus IMO.
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Laura
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Re: Property.

Post by Laura »

:oops: Now I really am on a guilt trip.
:cry: Pix took my question seriously. I'm sorry, really.
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Re: Property.

Post by Pixel8r »

Laura wrote: Fri Aug 26, 2022 9:48 am :oops: Now I really am on a guilt trip.
:cry: Pix took my question seriously. I'm sorry, really.
It's okay, I forgive you. I like posting my thoughts for the lurkers anyway, helps with the awakening process.
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Re: Property.

Post by Pixel8r »

Long-term fixed rates in the US, so not so concerning for those already in one. Will be a lot harder here in the UK as variable rates get adjusted higher.

Mortgage Rates Hit Nearly 6% as Mortgage Demand Continues to Fall

"Money is Gold, and nothing else"
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Re: Property.

Post by Laura »

"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
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Re: Property.

Post by Pixel8r »

Laura wrote: Thu Sep 08, 2022 8:18 am
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Property.

Post by Pixel8r »

I had some thoughts on UK property today and thought I'd share them. As we know we are about to see a lot of particularly older people dying, from the massive amount of vaxx they have been scared into taking. IMO that will mean we see a lot of larger properties coming onto the market. A lot of older people have lived in large houses that have gone up a lot over the last couple of decades. When they die these houses will be left to their siblings in their wills. As these houses are large and highly valued they will be more likely subject to the 40% inheritance tax. I have heard that the HMRC does not hang around in expecting payment of this tax, forcing people to get bridging loans while they sell properties they have inherited.

So I suspect that we will see a large amount of supply coming onto the market, particularly in the higher end. This will lead to crashing prices, as there will be much fewer buyers than sellers now that Blackrock and the like are no longer propping up the market.
"Money is Gold, and nothing else"
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Re: Property.

Post by Laura »

HPC is currently gem posting city

https://www.housepricecrash.co.uk/forum ... d-to-buy”/

“We could sell but no one could afford to buy”

Amanda Osborne, who owns five buy-to-let properties on variable rate mortgages, told MailOnline: 'Our income hasn't increased by that much. And obviously we cannot increase our tenants rent by 89 per cent to match these increases and certainly not as rapidly as the interest rates have gone up. It's simply unaffordable on incomes as they are.

More interest rate increases, which seem inevitable given the BofE approach to this mess, is simply not affordable.

So we are in a situation where we could sell but no one can afford to buy or we increase tenants rent so that it is unaffordable and they can't pay?”
"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
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Re: Property.

Post by Laura »

Nationwide, latest rates.
Cue shock and awe from those that don't realise that 6% is not high.

https://www.nationwide-intermediary.co. ... er/reprice

Image

Rate change
29/09/2022
Swap rates continue to fluctuate and remain at extremely high levels, impacting mortgage rates across the market. So we need to ensure that our mortgage pricing remains sustainable at this time.

As a result we're increasing new business fixed rates by up to 0.30%. Tracker rates are unaffected by this change.

We're also increasing Switcher rates by up to 0.99%, with all rates remaining below the new business equivalent.
"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
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Re: Property.

Post by Laura »



A comment:- "I watched this while punching myself in the gonads because it was less painful and distracting.


if they’re offering you 10.5% they don’t want your business you mug.


to add the financial illiteracy of the general population and even the experts is mind blowing. I wonder how these people tie their shoelaces."
"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
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