Will there be a property CRASH in 2024? UK in Recession -

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

ความคิดเห็น • 24

  • @phillipnamese
    @phillipnamese 10 หลายเดือนก่อน +5

    Straight to the point, thanks for the information and advice

  • @MnemonicCarrier
    @MnemonicCarrier 10 หลายเดือนก่อน +11

    Personally, I'd love it if there was a 50% fall in property prices in the UK - perhaps then "homes" (not "investments") would become affordable for everyday hard-working folks.

    • @stumac869
      @stumac869 10 หลายเดือนก่อน +5

      If property prices crashed 50% you'd be lucky to get a mortgage until things settle. In the meantime cash rich investment companies / individuals would hoover up all the distressed sales and the would government pull out all stops to reignite the housing market. Prices would then recover and the last people that could take advantage is average Joe. This happened after the 2008 liquidity crisis to some extent. Retaining higher interest rates would be the best outcome because it'll reduce affordability for both private and investment purposes and bring down prices.

    • @MnemonicCarrier
      @MnemonicCarrier 10 หลายเดือนก่อน

      @@stumac869 I see... So what's the solution to the current predicament (where Joe Average can't afford to get on the property ladder or have any hope of owning their own home)? Perhaps let free-market forces do their thing? Perhaps the government should stop implementing these "schemes" that artificially prop up the UK house prices? BTW - I'm saying this as someone who owns a property in central London. It was being rented out at £2,000 a month in 2020, today it's £4,500 a month. I left the UK back in 2020, best move I ever made.

    • @sprocket-YT
      @sprocket-YT 10 หลายเดือนก่อน

      The reality is if property values crashed by 50% you wouldn’t get a mortgage & the properties would get snapped up by investment groups & hedge funds then values would recover meanwhile rental prices would continue increasing! Be careful what you wish for! 🙄🤦‍♂️

    • @CornerstoneTax
      @CornerstoneTax  10 หลายเดือนก่อน +1

      Sadly, not something that would ever convincedly happen!

    • @MnemonicCarrier
      @MnemonicCarrier 10 หลายเดือนก่อน

      @@CornerstoneTax True. It's the main reason why we moved out of the UK. We just felt like you don't really get what you pay for there, and we were right!

  • @purplebadgers8375
    @purplebadgers8375 9 หลายเดือนก่อน

    Last year you said "house prices will rise 5-8% over 2023 as overseas investors rush in" - prices then fell as investors very predictably stayed away. You now seem to be pedalling almost the same "will rise by 8%" message again this year... I see you've left it until Feb to hedge your bets, but even with this will you be second time lucky? Who knows!

  • @Freelancersane
    @Freelancersane 9 หลายเดือนก่อน

    nice video

  • @GoodGoneVeryBad
    @GoodGoneVeryBad 10 หลายเดือนก่อน +1

    I hope there will not be a property crash. not good if that happens.

    • @MnemonicCarrier
      @MnemonicCarrier 10 หลายเดือนก่อน

      It would be good for first-time home buyers who work regular jobs and who are not earning 6 figure salaries.

    • @GoodGoneVeryBad
      @GoodGoneVeryBad 10 หลายเดือนก่อน

      @@MnemonicCarrier true

    • @hnav8984
      @hnav8984 10 หลายเดือนก่อน

      If prices house prices crashed, that wouldn't be in isolation without serious detrimental impact to other parts of the economy. And those regular jobs might no longer exist....

    • @CornerstoneTax
      @CornerstoneTax  10 หลายเดือนก่อน

      Agree!

  • @kengwuyerlikaya05
    @kengwuyerlikaya05 10 หลายเดือนก่อน

    Doesn’t feel like a genuine analysis of the situation, but rather another chain- business in estate agent side that wanted to come up and save their own job by screaming at everyone:
    “Everything is fine, just come and buy a property, otherwise I won’t be able to pay my own mortgage and go on holiday!!!”
    That’s fair, and I respect it.
    But to anyone who wants a actual in-depth and impartial analysis/ opinions/ discussion- go on ether Moving home with Charlie/ Gary’s economic 😅

    • @CornerstoneTax
      @CornerstoneTax  10 หลายเดือนก่อน

      Hi, we've been doing these videos for the last 3 years, and we've been correct each time! :)

    • @purplebadgers8375
      @purplebadgers8375 8 หลายเดือนก่อน

      ​​@@CornerstoneTaxNo you very obviously haven't been right every year! Last year you said 5-8% rise, the market actually fell. Just check your own videos (although I suspect they'll now be removed)

    • @CornerstoneTax
      @CornerstoneTax  8 หลายเดือนก่อน

      @@purplebadgers8375 Hi, we haven't removed any videos!
      They are still there
      James