What month will the property crash be obvious in?

[roneik]

Not doom but a question, and I would like to hear some opinions

I reckon by july

I don't think you would need to be a genius to predict the oil crisis
China manufacturing slump ,huge fracking in the USA decline in European
manufacturing
As long ago as 3 years ago there were reports of petrol diesel demand dropping in this country because motorists were driving less
That's why Ozbourne was forced to drop the escalator tax gathering duty calculator
It had come to diminishing returns more tax less consumed

Yeah we buy your house for a bag of hair combs and a gold fish in a bowl.com
Denial / I suggest you all wear paper bags over your head and don't answer the door to the bailiffs . Burn all correspondence and take laxatives at appropriate intervals

Forgot to mention they had to box in Putin in the calculations too
His economy is dominated by oil revenue. Two birds one stone . So predictable. I didn't even consciously think about it, it was pretty obvious from here in the now sought after northern climbs
We couldn't nuke em nor could the USA so they encouraged them all to buy
houses that were 20x uk salary and then turn the hpi taps off

Theres a petition on the net gathering momentum for rents to be aligned to benefit caps in London, so all you buy to let sweaters fretters watch out

Do you think the property crash will be further postponed by people cashing in their pensions now to get buy-to-lets, though? I know so many people with that intention - but then I am in the south east. Whenever I think the time has come for prices to fall, something seems to appear on the horizon that stops it happening... Therefore, I no longer think there will be a property crash around here. And even a fall of, say, 20% would mean houses would still be worth more than three or four years ago.

A crash would benefit my children, though, when the time comes. No doubt our home will be used to pay for our care, just as my mum's has been used for hers.

Well they are even considering letting existing pensioners jump out with the money now.I don't think that will happen people buying houses at the tail end of their life. What for I am a pensioner and the very last thing I would want is a tenant calling me up at 2am to tell me he was cooking toast and my house is now toast.
I think it's to boost GDP to cook the books to a very watery soup till the election. Headline news GDP up vote for my useless arse

Crash mode is unstoppable , deep inside they all know it. I can take the stick and say it to them . They only generally answer the fairytale la la posts
But I still like to stick it to them, a few soles may be saved from themselves

souls

I don't think 55 is at the tail end of your life . For most of my friends, it's just when their children are going to university, and I guess they think they can use some of it as a deposit on a buy-to-let, and then pass the flat on to the children. Who knows?

Anyway, a house is a home really, not an investment.

Forgot its taxable after 25% as well, no does not make sense , and I don't think so. My generation are smarter than that I think. Frugal lot of them .

At 55 I don't think you get the whole of an annuity, I retired at 55 and got a cut down pension, still quite good though as it was indexed linked.
So assuming you get 70% of your pension then it's taxed Nah sorry

55 is not the end of your life but you are not spring chicken and a lot of boomers don't give a shit about anything but the sun and themselves. Why not most children would not care for them , just sling em in the nursing home to be spoon fed some slime through a funnel

Woolly - I don't know. That was why I was asking It's only taxed at the top rate if you are still working.

I am sorry but I read it excludes you from means tested benefit.

Look when I left school you got zilch until you had paid in 28 weeks nat insurance . Even then you only could draw for a few weeks. It's the only way the government can stop immigrant from coming for min wage as the EU states the benefits have to be the same for immigrant as the indigenous population
You went and sought work, it's coming here and any old chav reading this that does not want certain work will either starve or work therafter

We are selling our home which was bought 17 years ago with a 100% IO mortgage and we should be able to afford a property in a more convenient and cheaper location, within central London. London does not have the monopoly on expensive housing. We will save approximately £620 per month just on travel expenses. The mortgage we are paying ATM is sub £150 per month.

The plan is in 3 years time we will convert the new property to a rental investment with a BTL mortgage and leave the UK.

Buying and selling property has given us choices that a lot of our friends who preferred renting do not now have.

I just downloaded this

From April 2015 you can either take the tax-free cash all in one go or have a
portion of any withdrawals you make paid tax free.
So, someone with a pension worth £100,000 will have the choice of:
a. Taking the £25,000 tax-free cash all at once, with any subsequent
withdrawals taxed as income;
b. Making a series of withdrawals over time and receive 25% of each withdrawal
tax free. For instance, someone making lump-sum withdrawals of £20,000
would receive £5,000 tax free with each withdrawal. Equally, someone
taking lump sum withdrawals of £1,000 a month would receive £250 of each
payment tax free with the rest subject to income tax.

So I was more or less right first 25% tax free and further withdrawals taxed at income levels with some tax saving if you have it in drips

It is from the Government site and can be downloaded . So many badly informed people out there .So it will not have any real impact on property purchases by the wrinklies

You can also download a pdf file from the Hargreaves landsdown site with all the details on tax liabilities
345kb data

Actually, I think that's a really good deal for those of us with pension pots. I think the country will come to regret that, as I think lots of people will be withdrawing their pension pots, and not saving for their care home. When you just pay income tax levels on it, why would you not just take it out and spend it? I can't believe you get 25% tax free.

I just happened on this thread looking for damp information in the property section, so I've not got a huge interest in houses other than as my home!

I think it's a good idea , but not to invest in property in most instances

This is a separate issue not related to your reply
www.theguardian.com/society/2015/jan/05/missing-rent-mortgage-payments-shelter-interest-rate-housing-costs

Didnt catch all of it, but news EU going into deflation another of my predictions right. come on all you HPI forever what have you got to say to the seer[drin]

I think if you research you do not qualify for means tested benefits , as you had the money and you are on your own. That's what people don't realize "entitled" is not to be the way for much longer

They would not starve they would have to live on their state pension which for new entrants is about £ 145 a week

Please believe me this is all to keep the GDP up till the election, they know before us how the stats are moving. This like help to buy will increase GPD and may help the economy along for another few gasps till the election

EURO ZONE into deflation mode 0.02
Come on you HPI forever at least come and say I was right
This may be the only key needed for the next stage of the crash
Deflation causes economies to contract , and it reverberates and an echo effect will touch us big style

THE SEER