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[BazaJT]

I see Mr Osbourne has said that if we vote leave then house prices could fall by as much as 18%.Apart from the fact that there are many things that could happen if we vote leave[just as there are many things which could happen if we vote stay] would this be such a terrible thing? I don't own a house-never have-but I know about things like negative equity affecting house buyers,but the upside would surely be that more people would be able to get themselves on the property ladder?Would a price drop affect the building of new houses or would more people being able to buy offset this?

[korum]

I saw that headline and thought it would back fire on him.

We need to get the housing price under control in this country as not only is it hard to get on the ladder but with no other option you are forced to rent which in turn pushes rent prices up.

[TheBoy]

Even the Brexiters are agreeing that houseprices will be impacted, as interest rates would go up.

So most likely wouldn't increase affordability, but make homeless those that stretched to the limit to buy...


Personally, I'm still undecided on the vote, due to the soundbite style reporting and sensationalist propaganda...  ...but doing a little of my own research is pushing me one way more than the other...  ...more work needed.

[Shackeng]

I can only see a drop in house prices as a good thing all round, it would reduce speculative purchases, and assist those not on the ladder. On paper my house has increased by 2600% since we bought 39 years ago. Ridiculous!
Of course governments like to see house prices rise, as they get tax income from realised profit that is spent. Plus the extra income from fiscal drag on inheritance tax and stamp duty. 

[Field Marshal Dr. Opti]

Still undecided but minded to vote 'remain'.

Most of the informed information seems to come from credible individuals such as Mark Carney.

The 'Leave team' seems to lack any real direction making use of the ex-banker  'Shouty Farage' and a bloodless albino of indeterminate parentage.

[Migv6 le Frog Fan]

Carney is acting under instruction from Osborne, make no mistake about that. It was obvious by the complete lack of balance in his statement.
Farage has never worked in a bank in his life, this is an urban myth.
Its not about economics, long or short term, its not about personalities, its about whether or not we should be a sovereign self governing country. It really is as simple as that.
Although when you look at what an economic basket case the EU is, and there is no signs that they have the most basic economic competence to even begin to be able to imrove matters, it bemuses me when people think the UK would suffer economic meltdown if it goes it alone.
Knowing your political leanings, look at who was anti EU - Tony Benn, Michael Foot, Barbara Castle, Peter Shore - until their dying breath, they wanted Britain to have nothing to do with it.
Kinnock was also anti, until they bought him body and soul. Corbyn was anti his whole life, until about a month ago, when he decided to try and avoid dividing his party further, and help the Tories tear themselves apart.
I have never met a genuine Socialist who was pro EU. 
As for Osborne, it shows how out of touch with ordinary people he is, when he thinks that a story about reductions in house prices would help his project fear. He has probably won over undecided estate agents, but I cant see many other people seeing it as a bad thing in current circumstances.

[Field Marshal Dr. Opti]

Carney is acting under instruction from Osborne, make no mistake about that. It was obvious by the complete lack of balance in his statement.
Farage has never worked in a bank in his life, this is an urban myth.
Its not about economics, long or short term, its not about personalities, its about whether or not we should be a sovereign self governing country. It really is as simple as that.
Although when you look at what an economic basket case the EU is, and there is no signs that they have the most basic economic competence to even begin to be able to imrove matters, it bemuses me when people think the UK would suffer economic meltdown if it goes it alone.
Knowing your political leanings, look at who was anti EU - Tony Benn, Michael Foot, Barbara Castle, Peter Shore - until their dying breath, they wanted Britain to have nothing to do with it.
Kinnock was also anti, until they bought him body and soul. Corbyn was anti his whole life, until about a month ago, when he decided to try and avoid dividing his party further, and help the Tories tear themselves apart.
I have never met a genuine Socialist who was pro EU. 
As for Osborne, it shows how out of touch with ordinary people he is, when he thinks that a story about reductions in house prices would help his project fear. He has probably won over undecided estate agents, but I cant see many other people seeing it as a bad thing in current circumstances.

I'm certainly no fan of the EU. It is extremely flawed.

I would however say that Mark Carney is his own man and not a puppet to amuse Osborne.

I would like to hear something more from the 'leave team' other than their current obsession with millions of 'dark foreign johnnies' entering the country if we remain.

Personally I think we'll be fine if we leave, and fine if we stay. 

 

[ted_one]

I'm of a mind to leave....why? I'm not a business man or politician,so for me it's more about identity and where I was born.Don't give a toss about who wants to come to this country, as long as they get stuck in and make an honest living, pay into the system and don't take the piss out of it,observe the laws that WE have to, and above all don't badmouth our country, culture/religion etc.....simples! I think it's time that we pushed back at the EU bullies who seem to have nothing better to do but fill their sad dull lives by thinking up complicated directives to make everyones lives a bit more awkward than it needs to be.Also it appears that Germany seems to be the driving force behind a lot of this and it makes me wonder wether this may be a subtle form of 'payback' for a good ass kicking seventy years ago......anyway they and the French do not like us and that's a fact, and of course the feeling is mutual. May be I'm over simplifying my own view on something that is extremely complex and that I just don't get the bigger picture.....I'm just not impressed at all the infighting and the subtle threats to this country if we do decide to grow a pair of balls and get out of the EU.

[Migv6 le Frog Fan]

Carney is acting under instruction from Osborne, make no mistake about that. It was obvious by the complete lack of balance in his statement.
Farage has never worked in a bank in his life, this is an urban myth.
Its not about economics, long or short term, its not about personalities, its about whether or not we should be a sovereign self governing country. It really is as simple as that.
Although when you look at what an economic basket case the EU is, and there is no signs that they have the most basic economic competence to even begin to be able to imrove matters, it bemuses me when people think the UK would suffer economic meltdown if it goes it alone.
Knowing your political leanings, look at who was anti EU - Tony Benn, Michael Foot, Barbara Castle, Peter Shore - until their dying breath, they wanted Britain to have nothing to do with it.
Kinnock was also anti, until they bought him body and soul. Corbyn was anti his whole life, until about a month ago, when he decided to try and avoid dividing his party further, and help the Tories tear themselves apart.
I have never met a genuine Socialist who was pro EU. 
As for Osborne, it shows how out of touch with ordinary people he is, when he thinks that a story about reductions in house prices would help his project fear. He has probably won over undecided estate agents, but I cant see many other people seeing it as a bad thing in current circumstances.

I'm certainly no fan of the EU. It is extremely flawed.

I would however say that Mark Carney is his own man and not a puppet to amuse Osborne.

I would like to hear something more from the 'leave team' other than their current obsession with millions of 'dark foreign johnnies' entering the country if we remain.

Personally I think we'll be fine if we leave, and fine if we stay. 

Mark Carney is a former director of Goldman Sachs. They are probably the most reprehensible financial institution in the world. Think of any financial scandal, from Greece joining the Euro to the recent BHS pension scandal, and they were up to their necks in it.
Even all the other bankers hate them and wont even socialise with them.
Someone who climbs the greasy pole to the board of that corporation is not someone to be trusted in any way. 

[Varche]

Carney is acting under instruction from Osborne, make no mistake about that. It was obvious by the complete lack of balance in his statement.
Farage has never worked in a bank in his life, this is an urban myth.
Its not about economics, long or short term, its not about personalities, its about whether or not we should be a sovereign self governing country. It really is as simple as that.
Although when you look at what an economic basket case the EU is, and there is no signs that they have the most basic economic competence to even begin to be able to imrove matters, it bemuses me when people think the UK would suffer economic meltdown if it goes it alone.
Knowing your political leanings, look at who was anti EU - Tony Benn, Michael Foot, Barbara Castle, Peter Shore - until their dying breath, they wanted Britain to have nothing to do with it.
Kinnock was also anti, until they bought him body and soul. Corbyn was anti his whole life, until about a month ago, when he decided to try and avoid dividing his party further, and help the Tories tear themselves apart.
I have never met a genuine Socialist who was pro EU. 
As for Osborne, it shows how out of touch with ordinary people he is, when he thinks that a story about reductions in house prices would help his project fear. He has probably won over undecided estate agents, but I cant see many other people seeing it as a bad thing in current circumstances.

Good post

[tigers_gonads]

Carney is acting under instruction from Osborne, make no mistake about that. It was obvious by the complete lack of balance in his statement.
Farage has never worked in a bank in his life, this is an urban myth.
Its not about economics, long or short term, its not about personalities, its about whether or not we should be a sovereign self governing country. It really is as simple as that.
Although when you look at what an economic basket case the EU is, and there is no signs that they have the most basic economic competence to even begin to be able to imrove matters, it bemuses me when people think the UK would suffer economic meltdown if it goes it alone.
Knowing your political leanings, look at who was anti EU - Tony Benn, Michael Foot, Barbara Castle, Peter Shore - until their dying breath, they wanted Britain to have nothing to do with it.
Kinnock was also anti, until they bought him body and soul. Corbyn was anti his whole life, until about a month ago, when he decided to try and avoid dividing his party further, and help the Tories tear themselves apart.
I have never met a genuine Socialist who was pro EU. 
As for Osborne, it shows how out of touch with ordinary people he is, when he thinks that a story about reductions in house prices would help his project fear. He has probably won over undecided estate agents, but I cant see many other people seeing it as a bad thing in current circumstances.

Good post

Very well put Migv6 

Every time the government and its paid / influenced advisors opens there mouth on the subject of leaving the EU, it smacks of desperation to me 
Scare stories by a bunch of selfish bullies desperately trying to keep the status quo because that's what is best for the them.
 

[ted_one]

Again,this just goes to illustrate that you cannot trust 'the old boy' network,Dodgy Dave and his out of touch with reality attitude towards the people in this country is a prime example of the way this is going,and in a way I'll be looking forward with interest and listening to the whingeing and whining when we sign up for more of their shite and the Tories really crack on and show the people of this country how destructive they can be.....NHS first, and more privatisation and penny pinching at home so that the lard arse EU can be fed more and more of our hard earned to keep us in favour. I'm fortunate that I don't have a mortgage and we are secure financially,so for me what ever way the referendum goes then it won't be me that will suffer the fallout, but it will be the youngsters trying to get on the property ladder, because despite what the Tories are promising there won't be tens of thousands of new 'affordable' homes instantly available,and in all honesty it won't happen here in the south,because foreign investors are snapping up the new builds off plan, they are investing further out away from London and this has been evident in the town where I live, and although they are building houses in vast numbers here you had better have at least 4k in your back pocket and it would be better to have 6k if you want a look in. I think it's a case of be careful what you wish for and think on how we have been pushed around by Europe....i.e more of the same, or make the politicians get off their lazy fat arses and do what we pay them for .....run this country and not hang around the EU and being grateful for the scraps that they throw us

[Viral_Jim]

I can only see a drop in house prices as a good thing all round, it would reduce speculative purchases, and assist those not on the ladder. On paper my house has increased by 2600% since we bought 39 years ago. Ridiculous!
Of course governments like to see house prices rise, as they get tax income from realised profit that is spent. Plus the extra income from fiscal drag on inheritance tax and stamp duty. 

Seems a bit of a myopic view imo.

IF (and I'm not saying it would happen) house prices dropped 18%, yes you, and everyone who's paid off their house would be fine. But anyone with more than 80% LTV (which btw isn't speculators, as buy to let mortgages over 75% are hard to come by) would be in negative equity. Therefore you can't re-mortgage and are stuck on the standard variable rate, which, as a pre-requisit of this scenario would have gone up, leaving you worse off at best, unable to meet he payments at worst.

That scenario only hurts the people/families who are trying to get on and buy their own houses. Not the wealthy, not the prospectors (once people have lost their mprtgaged homes, they'll be renting after all!) and certainly not anyone who bought their house pre 1996 and benefitted from the resulting windfall.

[Shackeng]

You'll forgive me for disagreeing. In addition to my comment above regarding Governments' financial interest in house prices, the continual increase in house prices above the rate of wage increases has pushed the opportunity for younger prospective buyers ever further into their future. It has forced families who do manage to get on the housing ladder to sacrifice family life such that in the case of the average family, both husband and wife, (or partner and partner) are obliged to work in order to pay the mortgage. As someone who for some years rented out property, I can also assure you that rents reflect the price of the property, ergo, Lower house prices = Lower rents.
I commend the cartoon in today's Times, page 4.

[Marks DTM Calib]

The whole in-out debate for me boils down to two choices

1) Stay in, we are doing pretty well anyway and its the low risk approach

2) Leave, we have absolutely no idea or means to predict the consequences.

I guess it depends a lot on your personal circumstances as well but, being the risk adverse person I am.....