House market bounce?

[Whorty]

Is this a real bounce, or a false dawn?

Wife's Mom has re-started at the solicitors she works at having been on furlough since March. Spoke to her yesterday and she said at their place the conveyancing team has a glut of work, as has the family team (will writing is busy, but divorces are going through the roof too!).

Interesting times


House prices bounced back in July, says Nationwide - BBC News

[6128k]

Yes... boom times ahead!

[DimPrawn]

Rush to physical assets perhaps? Gold is on a new bull run, I suspect residential property will go up in value not down.

Better to be owning land and property than watching the buying power of money drop due to global QE...

[AtW]

Get ready for “wealth taxes” - owning anything other bedsit you live in will be like painting bulls eye

[6128k]

Rush to physical assets perhaps? Gold is on a new bull run, I suspect residential property will go up in value not down.

Better to be owning land and property than watching the buying power of money drop due to global QE...

What with the banks money?

[AtW]

Gricer...

[DimPrawn]

What with the banks money?

Exactly. Banks create the money (fractional reserve banking), so it's effectively worthless. You take something worthless and exchange it for a massive family home set in 5 acres. Who is the idiot, you or the bank?

[DimPrawn]

UK banks quietly draw up contingency plans for negative interest rates

Already happened in Europe. Pay to sit on cash, or pay to own a physical asset with borrowed money....

[AtW]

UK banks quietly draw up contingency plans for negative interest rates

Already happened in Europe. Pay to sit on cash, or pay to own a physical asset with borrowed money....

“ A bank worker recently told me it would take 12 months for their IT systems to be able to support negative rates. ”

[DimPrawn]

“ A bank worker recently told me it would take 12 months for their IT systems to be able to support negative rates. ”

Written by an IT contractor?