BREXIT - Is This Really Still Rumbling On? 😴

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  • bendertherobot
    bendertherobot Posts: 11,684
    Pross wrote:
    Are house prices really as high as people make out other than in a few bubbles (mainly the South east and desireable second home locations)? A lad who works for me is in his early 20s and just bought a 2 bed house for about £30k, barely more than 12 months salary. OK it was up in the Valleys but he only has a 45 minute drive to work in central Cardiff. The house is in decent condition and the mortgage costs less than his council tax. Even in my own little suburban area just off the M4 and a decent place to live, a 3 bed semi costs around £150 - £170k and there's plenty cheaper.

    Tell him to use the Taff Trail please, it's awesome.
    My blog: http://www.roubaixcycling.cc (kit reviews and other musings)
    https://twitter.com/roubaixcc
    Facebook? No. Just say no.
  • coopster_the_1st
    coopster_the_1st Posts: 5,158
    Back on topic...
    Theresa May wrote:
    "Brexit means Brexit and we're going to make a success of it," adding that there would be "no attempt to rejoin [the EU] by the back door".

    Anyone still in denial that we will leave after this quote from our incoming PM?
  • ugo.santalucia
    ugo.santalucia Posts: 28,312
    Coopster the 1st wrote:
    Back on topic...
    Theresa May wrote:
    "Brexit means Brexit and we're going to make a success of it," adding that there would be "no attempt to rejoin [the EU] by the back door".

    Anyone still in denial that we will leave after this quote from our incoming PM?

    Arew you just trying to stir things up for your own entertainment?
    left the forum March 2023
  • haydenm
    haydenm Posts: 2,997
    ugo.santalucia wrote:
    HaydenM wrote:
    Fair enough, I could stomach spending £1200 a month with a view of it being a temporary career step for a few years, I doubt I would buy a house in those circumstances. I don't even want to buy a house up here that much but people keep telling me it's a good idea...

    Peer pressure. If you think you are going to live there for at least 5-6 years, then it's worth considering, otherwise more hassle than it's worth. The process of buying + selling might take well over one year in itself and it costs a lot of money in solicitors, estate agents, stamp duty and so on. The money you invest over a rent is the non interest part of the mortgage, which is less than 50% of what you pay monthly at the beginning of a 25 years mortgage... the interest is money down the drain just like a rent... then of course there are costs in ownership that you don't have as a tenant... boiler woes, insurance, maintenance and such... basically it's worth it if you live in a property booming area, then you make money by simply keeping the damn thing for a few years, otherwise all of the above makes it not much of an investment and I know people who have lost out badly, although they will never admit it.

    No property boom here, our rent is dirt cheap. The main thing which is tempting me is that you can get a lot for your money and it's just within reach, plus prices might go up while we are being indecisive and we could be left behind. We won't buy until we decide whether we are staying or not, I also really really wan't to blow my deposit savings on a new bike or four...

    Anyway, I think the Brexit vote has bought us more time in terms of house price increases, I think this is back on topic now? :wink:
  • pblakeney
    pblakeney Posts: 27,329
    Coopster the 1st wrote:
    Back on topic...
    Back on topic. We had one, and it was out.
    Any diversion is a pleasant option these days.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • coopster_the_1st
    coopster_the_1st Posts: 5,158
    ugo.santalucia wrote:
    Coopster the 1st wrote:
    Back on topic...
    Theresa May wrote:
    "Brexit means Brexit and we're going to make a success of it," adding that there would be "no attempt to rejoin [the EU] by the back door".

    Anyone still in denial that we will leave after this quote from our incoming PM?

    Arew you just trying to stir things up for your own entertainment?


    Let's call it free therapy in helping the deniers move through the 5 stages of loss quickly and on to acceptance.

    I realise many are still at anger which is stage 2 so this is helping them as well :lol:
  • ugo.santalucia
    ugo.santalucia Posts: 28,312
    PBlakeney wrote:
    Coopster the 1st wrote:
    Back on topic...
    Back on topic. We had one, and it was out.
    Any diversion is a pleasant option these days.

    He is trying to rub some salt in the wound and see if he can get a bit more fun out of it... sadistic
    left the forum March 2023
  • pblakeney
    pblakeney Posts: 27,329
    ugo.santalucia wrote:
    PBlakeney wrote:
    Coopster the 1st wrote:
    Back on topic...
    Back on topic. We had one, and it was out.
    Any diversion is a pleasant option these days.

    He is trying to rub some salt in the wound and see if he can get a bit more fun out of it... sadistic
    Isn't salt supposed to help the healing process?
    They walk injured horses through sea water.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • ugo.santalucia
    ugo.santalucia Posts: 28,312
    Coopster the 1st wrote:
    I realise many are still at anger which is stage 2 so this is helping them as well :lol:

    you are one sad sod, I have to say... I'll take my coat
    left the forum March 2023
  • surrey_commuter
    surrey_commuter Posts: 18,867
    HaydenM wrote:
    ugo.santalucia wrote:
    HaydenM wrote:
    Fair enough, I could stomach spending £1200 a month with a view of it being a temporary career step for a few years, I doubt I would buy a house in those circumstances. I don't even want to buy a house up here that much but people keep telling me it's a good idea...

    Peer pressure. If you think you are going to live there for at least 5-6 years, then it's worth considering, otherwise more hassle than it's worth. The process of buying + selling might take well over one year in itself and it costs a lot of money in solicitors, estate agents, stamp duty and so on. The money you invest over a rent is the non interest part of the mortgage, which is less than 50% of what you pay monthly at the beginning of a 25 years mortgage... the interest is money down the drain just like a rent... then of course there are costs in ownership that you don't have as a tenant... boiler woes, insurance, maintenance and such... basically it's worth it if you live in a property booming area, then you make money by simply keeping the damn thing for a few years, otherwise all of the above makes it not much of an investment and I know people who have lost out badly, although they will never admit it.

    No property boom here, our rent is dirt cheap. The main thing which is tempting me is that you can get a lot for your money and it's just within reach, plus prices might go up while we are being indecisive and we could be left behind. We won't buy until we decide whether we are staying or not, I also really really wan't to blow my deposit savings on a new bike or four...

    Anyway, I think the Brexit vote has bought us more time in terms of house price increases, I think this is back on topic now? :wink:

    A good old fashioned property bust could put you under water for 10 years - not many of us on here old enough to remember the last one.
  • surrey_commuter
    surrey_commuter Posts: 18,867
    Coopster the 1st wrote:
    ugo.santalucia wrote:
    Coopster the 1st wrote:
    Back on topic...
    Theresa May wrote:
    "Brexit means Brexit and we're going to make a success of it," adding that there would be "no attempt to rejoin [the EU] by the back door".

    Anyone still in denial that we will leave after this quote from our incoming PM?

    Arew you just trying to stir things up for your own entertainment?


    Let's call it free therapy in helping the deniers move through the 5 stages of loss quickly and on to acceptance.

    I realise many are still at anger which is stage 2 so this is helping them as well :lol:

    Still in denial Coops?
  • veronese68
    veronese68 Posts: 27,817
    Coopster the 1st wrote:
    ugo.santalucia wrote:
    Coopster the 1st wrote:
    Back on topic...
    Theresa May wrote:
    "Brexit means Brexit and we're going to make a success of it," adding that there would be "no attempt to rejoin [the EU] by the back door".

    Anyone still in denial that we will leave after this quote from our incoming PM?

    Arew you just trying to stir things up for your own entertainment?


    Let's call it free therapy in helping the deniers move through the 5 stages of loss quickly and on to acceptance.

    I realise many are still at anger which is stage 2 so this is helping them as well :lol:
    You could call it gloating, a particularly unpleasant character trait.
    Kinesis Pro6
    Marin Nail Trail
    Cotic Solaris
  • veronese68
    veronese68 Posts: 27,817
    Surrey Commuter wrote:
    A good old fashioned property bust could put you under water for 10 years - not many of us on here old enough to remember the last one.
    There was a big one about 21 years ago, we were very lucky with timing and bought our house when prices were at absolute rock bottom.
    Kinesis Pro6
    Marin Nail Trail
    Cotic Solaris
  • coopster_the_1st
    coopster_the_1st Posts: 5,158
    Veronese68 wrote:
    Coopster the 1st wrote:
    ugo.santalucia wrote:
    Coopster the 1st wrote:
    Back on topic...
    Theresa May wrote:
    "Brexit means Brexit and we're going to make a success of it," adding that there would be "no attempt to rejoin [the EU] by the back door".

    Anyone still in denial that we will leave after this quote from our incoming PM?

    Arew you just trying to stir things up for your own entertainment?


    Let's call it free therapy in helping the deniers move through the 5 stages of loss quickly and on to acceptance.

    I realise many are still at anger which is stage 2 so this is helping them as well :lol:
    You could call it gloating, a particularly unpleasant character trait.

    Or I have matched my character trait to match those on the remain side with the snide, sneering and trolling comments.

    Maybe sort your own side out first before passing the blame to others :roll:
  • rick_chasey
    rick_chasey Posts: 75,661
    edited July 2016
    Coopster the 1st wrote:
    Back on topic...
    Theresa May wrote:
    "Brexit means Brexit and we're going to make a success of it," adding that there would be "no attempt to rejoin [the EU] by the back door".

    Anyone still in denial that we will leave after this quote from our incoming PM?

    Fairly sure we had an argument where you insisted the referendum was only about securing another one with a better negotiating position. I was fairly insistent an out vote meant out.

    Now you're gloating that the result of the 1st one will be enacted?
    _
  • rick_chasey
    rick_chasey Posts: 75,661
    Meanwhile, the 'expert' predictions have started to come true.

    http://www.bankofengland.co.uk/publicat ... d1607.aspx

    On the open ended property funds:
    The FPC was briefed by the Financial Conduct Authority on the extent of outflows from these funds and on the possibility that funds could suspend redemptions in the near term
    _
  • coopster_the_1st
    coopster_the_1st Posts: 5,158
    Rick Chasey wrote:
    Coopster the 1st wrote:
    Back on topic...
    Theresa May wrote:
    "Brexit means Brexit and we're going to make a success of it," adding that there would be "no attempt to rejoin [the EU] by the back door".

    Anyone still in denial that we will leave after this quote from our incoming PM?

    Fairly sure we had an argument where you insisted the referendum was only about securing another one with a better negotiating position. I was fairly insisted an out vote meant out.

    Now you're gloating that the result of the 1st one will be enacted?

    Fairly sure you argued that recessions were impossible to predict. So we can both be wrong, heh!

    I'm happy with this result. I thought the EU would realise their mistakes and change. They won't so my vote stays exactly where it is. And I won't have to wait another 40 years to be asked the question again
  • rick_chasey
    rick_chasey Posts: 75,661
    No I didn't, you just can't read. Or choose only to read the bits you want.
    _
  • coopster_the_1st
    coopster_the_1st Posts: 5,158
    Rick Chasey wrote:
    Meanwhile, the 'expert' predictions have started to come true.

    http://www.bankofengland.co.uk/publicat ... d1607.aspx

    On the open ended property funds:
    The FPC was briefed by the Financial Conduct Authority on the extent of outflows from these funds and on the possibility that funds could suspend redemptions in the near term

    And all the comment pre and post vote that I read said that commercial property was over valued.

    A dose of reality hitting some markets is now a bad thing? :?:
  • surrey_commuter
    surrey_commuter Posts: 18,867
    Coopster the 1st wrote:
    Rick Chasey wrote:
    Meanwhile, the 'expert' predictions have started to come true.

    http://www.bankofengland.co.uk/publicat ... d1607.aspx

    On the open ended property funds:
    The FPC was briefed by the Financial Conduct Authority on the extent of outflows from these funds and on the possibility that funds could suspend redemptions in the near term

    And all the comment pre and post vote that I read said that commercial property was over valued.

    A dose of reality hitting some markets is now a bad thing? :?:

    Definitely denial.
  • rick_chasey
    rick_chasey Posts: 75,661
    http://www.thedailymash.co.uk/news/soci ... 0707110366
    _
  • mrfpb
    mrfpb Posts: 4,569
    Veronese68 wrote:
    Surrey Commuter wrote:
    A good old fashioned property bust could put you under water for 10 years - not many of us on here old enough to remember the last one.
    There was a big one about 21 years ago, we were very lucky with timing and bought our house when prices were at absolute rock bottom.

    10 years is a bit of an exaggeration. 4-5 years is the most any bust has set people back. Lots of my friends got caught out in the 90's bust and got stuck in one bedroom flats with two kids for a couple of years. I don't personally know anyone who was stuck more than 2 years by negative equity.
  • finchy
    finchy Posts: 6,686
    More success for Brexit as British participation in European scientific research under threat - just like scientists said would happen before the referendum.

    Still, who cares what these stinking so-called experts with their so-called qualifications and their so-called experience say? It's not like science has done anything for Britain in the past, we'll be better off without them.
  • coopster_the_1st
    coopster_the_1st Posts: 5,158
    Business reality - http://www.bbc.co.uk/news/business-36771595
    German industrial giant Siemens has said it will continue to invest in the UK, despite earlier warnings that a vote to leave the EU could affect its future activities in the country.

    They lied to us that they would abandon ship :roll:

    Now why would they do that?
  • ugo.santalucia
    ugo.santalucia Posts: 28,312
    finchy wrote:
    More success for Brexit as British participation in European scientific research under threat - just like scientists said would happen before the referendum.

    Still, who cares what these stinking so-called experts with their so-called qualifications and their so-called experience say? It's not like science has done anything for Britain in the past, we'll be better off without them.

    I'm so glad I got out of the reseach funding game... now only teach, so no longer depend on funding... :mrgreen: I used to have an FP7 EU research project, which had been a lifeline at the time, as getting grants from the UK equivalent (EPSRC for science) is a political game worthy of a Tory membership... UK consortia won a lot of money in grants under EU funding and it is vital these opportunities remain available... any alternative is not worth thinking about, unless a strong solid programme of exchange with US, China and Korea replace EU collaborations...
    left the forum March 2023
  • finchy
    finchy Posts: 6,686
    Coopster the 1st wrote:
    Business reality - http://www.bbc.co.uk/news/business-36771595
    German industrial giant Siemens has said it will continue to invest in the UK, despite earlier warnings that a vote to leave the EU could affect its future activities in the country.

    They lied to us that they would abandon ship :roll:

    Now why would they do that?

    Try reading past the headlines.
  • Stevo_666
    Stevo_666 Posts: 61,416
    Coopster the 1st wrote:
    Business reality - http://www.bbc.co.uk/news/business-36771595
    German industrial giant Siemens has said it will continue to invest in the UK, despite earlier warnings that a vote to leave the EU could affect its future activities in the country.

    They lied to us that they would abandon ship :roll:

    Now why would they do that?
    I told the truth about my group (foreign headquartered multinational manufacturer).

    No intention to leave or move anything offshore before the referendum and no intention to do so now that were getting to the nitty gritty of planning around BREXIT.

    On a call this morning again with our UK factory about getting something ready for when the Global CEO and COO visit. I asked the boss of the factory whether they needed to crunch a few numbers to justify to the top brass why it wasn't worth shifting production to our factory in France. He just laughed and said the CEO is a smart bloke, no need to justify the bleedin' obvious :)
    "I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
  • surrey_commuter
    surrey_commuter Posts: 18,867
    mrfpb wrote:
    Veronese68 wrote:
    Surrey Commuter wrote:
    A good old fashioned property bust could put you under water for 10 years - not many of us on here old enough to remember the last one.
    There was a big one about 21 years ago, we were very lucky with timing and bought our house when prices were at absolute rock bottom.

    10 years is a bit of an exaggeration. 4-5 years is the most any bust has set people back. Lots of my friends got caught out in the 90's bust and got stuck in one bedroom flats with two kids for a couple of years. I don't personally know anyone who was stuck more than 2 years by negative equity.

    I know people who were stuck for at least 10 years. Especially in boom times do not ignore the fundamentals- too close to main road, railway, above shop, garden too small, 3rd floor flat or above.
  • cycleclinic
    cycleclinic Posts: 6,865
    surrey commutor -yes devolution of property tax is good idea so is changing local taxation in general maybe a local income tax instead of the current system. What needs to happen is getting councils to raise 50+% of there revenues so we are not just electing admistrators but people with power to change things for the better or worse. Currently it matters little who I vote for in the council the bins will still be collected and schools still open. granted different councils do the job differently and some better than others but this i mostly down to the people rather than the party they represent.

    If we want control then this would be one way to achieve it in a meaningful way. Also I agree we british have an obbession with home ownership as an investment. My home is not an investment it is a home. I am happy I own it because the way we rent in this country is far from ideal.
    http://www.thecycleclinic.co.uk -wheel building and other stuff.
  • surrey_commuter
    surrey_commuter Posts: 18,867
    finchy wrote:
    Coopster the 1st wrote:
    Business reality - http://www.bbc.co.uk/news/business-36771595
    German industrial giant Siemens has said it will continue to invest in the UK, despite earlier warnings that a vote to leave the EU could affect its future activities in the country.

    They lied to us that they would abandon ship :roll:

    Now why would they do that?

    Try reading past the headlines.

    Come on Coops - have you reached the bit about Hull yet? That is in black and white, now read between the lines - nowhere does he say he is going to invest the same or more.

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