Loans for mortgages just got out of reach for the working class, and half the middle class.
assuming 400K average house price in SE UK, what young person has 80-100K GBP for the downpayment demands now?
We're going back to some Land gentry victorian shit. Mot people will be unable to have kids and also build wealth/assets anymore.
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Deagel foreceast the UK to have the greatest drop in GDP of any country in the world.
>SE UK
shithole.
3 bedroom semi-detached in nice area around 200k. Still a ridiculous reach if youre hoping for a 10% deposit mortgage.
Also buying fully finished houses is stupid. get a doer upper for much cheaper.
I hope the housing market pops soon
South east UK is nice you pleb
10% mortgage is gone lad. they want 20-25% minimum now
it wont.
the landlord market will only get bigger.
But Mohammed Mohmet Mehmet and his 3 child wives and their kids will be given free benefits, a house and mobility scooters and operations free from the NHS for all their inbred health conditions.
We're all in this together Harry, George and Andrew!
Imagine being British
Like for real
Worst "first world country" to live in bar fucking none.
>no affordable housing
>no self defense law
>no guns
>no knifes
>full of niggers and shitskins
>retarded major for your most important city
>braindead majority who will literally fucking BEG for the government to take ever their rights
>clap for the nhs
>blm
>extinction rebellion
>congestion charge
>tv license
>41% white London
>pedo elite parliament
>soon 40% capital gain tax
>ugly as sin, rainy shit weather
>ugly woman
JUST
Yeah it's pretty shit
Late stage capitalism.
SE England seems like the absolute worst to live in, people go on about ‘Muh London, muh cultural quality of life’ it’s a fucking meme.
I live in N. Ireland and have my own home, a rental and a holiday home in Donegal for the money you’re talking about for one average home in the SE.
Now, I might not be able to go to Tate Modern every week or go see a black trans interpretative dance piece on patriarchy in the financial sector of a Tuesday night... but I’m guessing my quality of life is better.
TLDR, move somewhere else.
You know London is a tiny part of SE england right? Like, insanely small part of it
>live in north west
>bought big 3-bed detached house in 2016 for £170k
>comfy AF
>area is 99.8% white
Remind me why anyone would want to live in the south east?
I dont know why you would want to live in the UK if not SE or the south.
I'd rather just fuck off to another country in Asia or Europe if i wanted cheaper and i was location independant. Why brag about a $170k house in North England which shit weather and not much to do and ugly women if you could have a home for half even that in Europe with better woman, weather etc.
It's a weird flex.
Im English and live here but im fucking off somewhere else for cheaper rather than move north. it just makes no sense to do that imo.
Stay in South for the good parts of britian and apy the price or fuck off somewhere 100x better for your money if you want cheap.
The UK never had social mobility, nor should it.
>SE
fuck off, i don't want to live in your niggers infested shit, just move to the country side or even manchester has extremely cheap houses
It did for a brief period from around 1950-2000 imo.
but yes, i agree we are largely going back to how it was.
Me 1 week ago.
Oh he is retard, i see.
Well stay homeless.
You northern wankers are funny. It's like you don't think anything other than London exists.
Devon, Conwall, Brighton, Eastborne, tunbridge, Beaconsfeild, Buckinghamshire, many parts of Berkshire, Norfork...
all these places exist and are either 95% white, or have like 5% non white who are middle class or rich and well behaved. They just cost more. They also have good Links to London for that reason and you can actually do shit rather than live in shit weather with even more ugly women.
Like i said in this post, if you want good value, why even bother with the UK, its such a huge fucking compromise Just go abroad and get value + all the best parts you'd be compromising on in the UK for that with.
If it did it shouldn't have. I'm not a snob, i'm working class but the UK was always at its best with an entrenched class structure.
All the normies going crazy buying houses just now, every house I see is getting offers well over the asking price. Estate agents I've met at viewings say they've never seen anything like it.
Whats coming friends? I'm holding off buying and staying liquid for the inevitable crash.
its a sellers market though right now so yeah wait.
What part of the North West are you from user? I reside in Salford, nice area
Basically this:
Number of properties someone could ge tin March with a 5-10% down: 1000
Average now: 60.
(jsut example numbers, but from what I've seen its an accurate proportion difference in people offering lending for that low down compared to before).
Normies have NO HOPE of getting a 20% down now. so the tiny pool of lenders offering 5%-10% downs on shitty homes are getting a HUGE pool of normies bidding them up as it's their only realy option, due to so few on the market with a low down..
thats why that shit is going way above market. Normies have no choice but to bid them up. its all artificial and to be honest its very fucking shady when you think about it in terms of regulation. Thatt said, normies are retards and it only takes thinking about what I just said for a few minutes to not be a retard and just wait.
This country is completely finished. I highly recommend a documentary made by MoneyWeek a few years ago called "The End of Britain." The libertarian economist Dominic Frisby is the narrator. It got millions of views before being purged from Youtube. A mirror is still up.
youtube.com
Peter Schiff talks about the dire state of the U. S. economy. Well, our situation is even worse than theirs. For example, we have even less manufacturing than they do; we are a nation of shopkeepers and baristas. We fund ourselves entirely by borrowing money at low-interest rates, which we achieve only by printing trillions of pounds for Q. E. Gilts now have a 0.15% yield, which means that we now have negative real yields, and the BoE is pretty much monetizing the debt. We also back our currency with dollars (U. S. treasuries), not gold. We have only 300 tons of it; Sweden has 120 tons, and one sixth of our population. We don't even feed ourselves. When the dollar and the global economy collapses soon, Britain will have absolutely nothing. The whole socialist system will collapse. No NHS, no pensions, no public schools. Nothing. We're finished. Everybody in the U. K. should be trading their pounds for gold, silver, and mining stocks (GDXJ/SILJ) as quickly as they can.
By the bye, the reason why houses are so expensive is Q. E. When you destroy all incentive to save, and add all incentive to borrow, you get these kinds of colossal asset-bubbles.
Yeah its shit mate, but think of countries like Japan. they had all those issues already and already did these "solutions" and they are fine. They maintained a quality of life for the most part.
They just adapted from a never ending growth model to a stable money policy.
Should've taken the deal I offered.
That actually made perfect sense, the most well written and informative post I've ever seen on Zig Forums
Japan only hobbles on because they have a trade surplus. We don't make anything in Britain. Furthermore, when the whole monetary system collapses, Japan will collapse too. It manages to go on as a zombie economy, because the ponzi debt-based system around it is still functioning; but, when America goes, Japan goes with it, and so do we.
why would you like to buy a house in a country that is inevitably going to collapse?