Is there a property crash coming

It’s been about to burst now for over 10 years....it might slow a bit but I can’t see it falling. So I bought a house 10 years ago for 250k spent 50 on it, now it’s valued at 450....will it go back to 250/300....I doubt it. Doesn’t matter if it does as I’m not moving.

I hope so. Buy to let wankers have ruined the property market for the next generations.

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Originally Posted by Feedback

Thats not a valid reason to justify the differential.

Wales doesn't have as many wealthy people per capita as England. Taxing them in this way doesnt help the Welsh economy.

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Are most expensive houses in Wales bought by the Welsh or by the English moving in?

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Originally Posted by J R Hartley

I hope so. Buy to let wankers have ruined the property market for the next generations.

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Banks and governments are as much to blame. You used to be able to get a mortgage for 3.5x your salary. That has shot up, making borrowing more money easier, so house prices rose. As a result, first time buyers need to save huge deposits for a house, amounts that, 30 years ago would have bought you a sizable chunk of a property.

A financial crash is ahead of us were trillions in debt .

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Originally Posted by life on mars

A financial crash is ahead of us were trillions in debt .

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This one will be even more fun than the last. In virtually every way, working class people are worse off than they were in 2007, prior to the sub continental crash that affected most of the globe. Since then, a supposedly more prudent government has tripled the national debt while average working people's wages have gone down in real terms despite the wealthiest citizens enjoying record breaking wealth increases.

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Originally Posted by Eric the Half a Bee

This one will be even more fun than the last. In virtually every way, working class people are worse off than they were in 2007, prior to the sub continental crash that affected most of the globe. Since then, a supposedly more prudent government has tripled the national debt while average working people's wages have gone down in real terms despite the wealthiest citizens enjoying record breaking wealth increases.

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Sadly the tailwind of Covid and its effects will devastate many lives for years to come , businesses though have crashed and yes working / middle class will reap the pain .

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Originally Posted by Eric the Half a Bee

Are most expensive houses in Wales bought by the Welsh or by the English moving in?

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No idea. That data isn't captured anywhere

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Originally Posted by J R Hartley

I hope so. Buy to let wankers have ruined the property market for the next generations.

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I agree , Blair, a supposed Labour prime minister made many many people very very rich as get quick landlords

One bloke owned about 30 former council properties sold by the witch under the right to buy and Blair just stood by and let it happen

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Originally Posted by SLUDGE FACTORY

I agree , Blair, a supposed Labour prime minister made many many people very very rich as get quick landlords

One bloke owned about 30 former council properties sold by the witch under the right to buy and Blair just stood by and let it happen

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He sold of all the council houses, let the tenants buy them etc....resulting in hardly any council houses left for anyone, wonderful idea:shrug: there was a pitiful amount left in cardiff and a ten year waiting list apparently. Obv with the huge developments being built right now that will be resolved. Surely it will affect the prices aswell as supply could well outstrip demand for the first time.