1 in 79 Brits are property millionaires 1 in 79 Brits are property millionaires
Page 1 of 4 123 ... LastLast
Posts 1 to 10 of 36
  1. #1

    Godlike

    milanbenes 's job has never been outsourced


    Join Date
    Jul 2005
    Posts
    7,975

    Default 1 in 79 Brits are property millionaires

    according to the Torygraph 1 in 79 Brits is now a millionaire thanks to property

    Surging house prices mean one in 79 Britons is now a millionaire

    how cool is that !

    how many here are as Sue would say, high net worth individuals ?

    Milan.

  2. #2

    Contractor Among Contractors

    PhiltheGreek - scorchio!

    PhiltheGreek's Avatar
    Join Date
    Dec 2016
    Location
    Balmoral
    Posts
    1,053

    Default

    Not me, a simple life of renting local authority stock is more than sufficient for my needs.

  3. #3

    bored now

    eek is a fount of knowledge

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    22,779

    Default

    Quote Originally Posted by milanbenes View Post
    according to the Torygraph 1 in 79 Brits is now a millionaire thanks to property

    Surging house prices mean one in 79 Britons is now a millionaire

    how cool is that !

    how many here are as Sue would say, high net worth individuals ?

    Milan.
    That tells you everything you need to know about Asset bubbles, the current state of the UK economy and the reasons behind the current state of the UK economy...
    merely at clientco for the entertainment

  4. #4

    Godlike

    milanbenes 's job has never been outsourced


    Join Date
    Jul 2005
    Posts
    7,975

    Default

    Quote Originally Posted by eek View Post
    That tells you everything you need to know about Asset bubbles, the current state of the UK economy and the reasons behind the current state of the UK economy...
    yes correct but hey, don't scare them all, let's see how many of them think they are rich ;-)

    Milan.

  5. #5

    More fingers than teeth

    scooterscot is a fount of knowledge

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    19,557

    Default

    What will make the bubble pop?

    Probably a post brexit bubble when all the EU workers have left? High and Low skilled workers. Less demand for housing...

    Increased interest rates? Think this will be the most likely myself, the currency continues to devaluate and debts are foreign owned. Soon as bond holders asked for more interest...

    Or worst case. People realise £1million house is not worth £1million pounds. Perhaps at best the whole house can be built again for £250k. That will be the most painful outcome.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  6. #6

    bored now

    eek is a fount of knowledge

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    22,779

    Default

    Quote Originally Posted by scooterscot View Post
    What will make the bubble pop?

    Probably a post brexit bubble when all the EU workers have left? High and Low skilled workers. Less demand for housing...

    Increased interest rates? Think this will be the most likely myself, the currency continues to devaluate and debts are foreign owned. Soon as bond holders asked for more interest...

    Or worst case. People realise £1million house is not worth £1million pounds. Perhaps at best the whole house can be built again for £250k. That will be the most painful outcome.
    To know how the bubble pops you need to know how the bubble was created and what's currently holding it together.

    I suspect the means for the bubble to pop are already in place (S24 and other changes that are discouraging BTL borrowing and BTL lending). All that is required now is time...
    merely at clientco for the entertainment

  7. #7

    Godlike

    milanbenes 's job has never been outsourced


    Join Date
    Jul 2005
    Posts
    7,975

    Default

    Quote Originally Posted by eek View Post
    To know how the bubble pops you need to know how the bubble was created and what's currently holding it together.

    I suspect the means for the bubble to pop are already in place (S24 and other changes that are discouraging BTL borrowing and BTL lending). All that is required now is time...
    eek I've told you once and I'm not going to tell you again

    don't scare them

    let them feel rich it's more fun

    Milan.

  8. #8

    Fingers like lightning

    rl4engc 's job has never been outsourced

    rl4engc's Avatar
    Join Date
    Dec 2008
    Posts
    681

    Default

    Quote Originally Posted by eek View Post
    All that is required now is time...
    That sounds like what housepricecrash.co.uk were always going on about in the noughties.

    There won't be a burst, just a 'reversion to mean'.
    Quote Originally Posted by Nigel Farage MEP - 2016-06-24 04:00:00
    "I hope this victory brings down this failed project and leads us to a Europe of sovereign nation states, trading together, being friends together, cooperating together, and let's get rid of the flag, the anthem, Brussels, and all that has gone wrong."

  9. #9

    bored now

    eek is a fount of knowledge

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    22,779

    Default

    Quote Originally Posted by rl4engc View Post
    That sounds like what housepricecrash.co.uk were always going on about in the noughties.

    There won't be a burst, just a 'reversion to mean'.
    I take it you weren't around in 1988-92 to see what happened when a similar minor prop was removed....
    merely at clientco for the entertainment

  10. #10

    More fingers than teeth

    BlasterBates - scorchio!

    BlasterBates's Avatar
    Join Date
    Jul 2005
    Location
    1922 Commitee
    Posts
    14,025

    Default

    I don't see a house price crash until interest rates get jacked up. House prices in relation to interest rates aren't that high. However if interest rates do get jacked up there will be an almighty crash.
    I'm alright Jack

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •