Brexit - currency and house prices

This Forum is the main messageboard to discuss all things Claret and Blue and beyond
Loyalclaret
Posts: 2028
Joined: Thu Jan 21, 2016 9:00 pm
Been Liked: 436 times
Has Liked: 370 times

Re: Brexit - currency and house prices

Post by Loyalclaret » Wed Dec 12, 2018 7:27 pm

Brexit is mentioned...who’d have thought it

cricketfieldclarets
Posts: 21464
Joined: Thu Jan 21, 2016 9:59 pm
Been Liked: 8585 times
Has Liked: 11285 times

Re: Brexit - currency and house prices

Post by cricketfieldclarets » Thu Dec 13, 2018 12:50 am

Quickenthetempo wrote:If you buy the worst house in the best area you can afford you will always make money.

The only way you lose money if you can't afford repayments or need to move in a hurry.
If you're buying a 2nd house with long term plans you will never lose as they will always rise again at some point.
Or if said worst house is so bad it is built on sand... so to speak.
This user liked this post: NRC

Quickenthetempo
Posts: 18048
Joined: Thu Jan 21, 2016 10:35 am
Been Liked: 3861 times
Has Liked: 2070 times

Re: Brexit - currency and house prices

Post by Quickenthetempo » Thu Dec 13, 2018 10:25 am

cricketfieldclarets wrote:Or if said worst house is so bad it is built on sand... so to speak.
Those Beach huts can go for millions.
This user liked this post: cricketfieldclarets

dsr
Posts: 15218
Joined: Thu Jan 21, 2016 12:47 pm
Been Liked: 4571 times
Has Liked: 2263 times

Re: Brexit - currency and house prices

Post by dsr » Thu Dec 13, 2018 10:22 pm

Quickenthetempo wrote:If you buy the worst house in the best area you can afford you will always make money.

The only way you lose money if you can't afford repayments or need to move in a hurry.
If you're buying a 2nd house with long term plans you will never lose as they will always rise again at some point.
Unless the best area goes downhill and becomes a bad area. Or for the second house, if you fall foul of the extra taxes.

South West Claret.
Posts: 5642
Joined: Thu Jan 21, 2016 11:55 pm
Been Liked: 766 times
Has Liked: 499 times
Location: Devon

Re: Brexit - currency and house prices

Post by South West Claret. » Thu Dec 13, 2018 10:37 pm

Here’s that RICS November update from the Nationwide https://www.nationwide.co.uk/-/media/Ma ... v_2018.pdf" onclick="window.open(this.href);return false;

Post Reply