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1 in 79 Brits are property millionaires

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

    Comment


      #3
      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

      Comment


        #4
        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.

        Comment


          #5
          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.
          "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

          Comment


            #6
            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

            Comment


              #7
              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.

              Comment


                #8
                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'.
                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."

                Comment


                  #9
                  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

                  Comment


                    #10
                    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

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