I have seen UK housing as being overpriced since 2005-6. When the early rumblings of the financial crisis started in 2007 and went full blown in 2008, I thought a significant downturn in house prices was on its way. How wrong I was . I hadn't heard of QE back then. Nine years later and everyone is still complaining about high property prices. I don't have any hope of getting on to the UK property ladder because though many are predicting a correction, who knows what trick/scam/dodgy accounting the BoE is going to pull to just continue pumping this bubble. Fall in prices and kill the government ponzi scheme cash cow?....Nah, not going to happen anytime soon
RE: THIS is When You Know That the Housing Bubble is Ready to Pop!
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THIS is When You Know That the Housing Bubble is Ready to Pop!
Interest rates are the key indicator. In the UK in particular, we can see insanely low mortgage rates. It's a joke. So of course it can push prices up. But keeping rates at this level requires central bank intervention. That's a ticking time bomb.
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We fell off the ladder in 2009 (health & unempolyment issues) after 8 years of home ownership and we barely made any money off the sale to pay the mortgage debt off. Here we are in 2017 and my wife is keen to get back on the ladder and so far I'm currently managing to hold her back lol.
I'm trying to convince her to exit the 'system' and live a self-reliance lifestyle in the South West of England .................. not much luck at the moment.
Resteemed :)
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That's what I want too. A greenhouse, solar panels, etc. All the good stuff from nature.
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