The problem is the only people that gain without risk from the increase in property prices is the banks .. 7 times salary is the lenders option yet they have the asset and they know that ...the average person is just screwed by the entire property market ...it needs to crash and it needs to realign.. too much is based on property value it's screwed the UK in every single other area
@danbee4159 ай бұрын
but it won't crash, what they really need to do is make everyones incomes much higher.
@patdbean9 ай бұрын
4:40 why do they have to "stimulate " why cant over priced housing at now 9 times the average wage, just be allowed to find its natural level? Maybe average house prices SHOULD be 3 to 4 times average wage NOT 8 to 9
@johnporcella23759 ай бұрын
Personally, I am not expecting the BoE to cut Base Rates until at least the second half of 2024 as inflation is still a problem. Since writing the above two months ago, I was thinking today that this was too pessimistic. However, if the Spring Budget is too expansionist/inflationary, the BoE, may counter by resisting Base Rate falls, so I might be right after all! Only time will tell.
@scazz0079 ай бұрын
Still a bit soon I think, I think they will stop rising at around 6% but stay between 5% and 6% for at least 2 years. Then they may lower them a little but not by much. We will sit at historical averages… Them 1% rates will never be seen again.
@wavehuntersjapan9 ай бұрын
Next step is for the government to lower stamp duty for the over 65s to encourage sales and in rease availability of houses for sale ? And then the freehold only for new builds proposal.?
@mattj9059 ай бұрын
Why would they do that? That demographic has already benefited from lower historic house prices, decent pensions, free education and now the triple lock as well. I would say forget about it but this government would probably do it to keep their vote.
@wavehuntersjapan9 ай бұрын
Older people looking to downsize are put off by high stamp duty…..lowering it would bring larger properties with more flat potential onto the market.@@mattj905
@wavehuntersjapan9 ай бұрын
It could be applied to those seniors of above a certain age who were planning to downsize into a retirement home or assisted living property@@mattj905
@Paul-zu2hd9 ай бұрын
A few tweaks to stamp duty, or even a drop in interest rates is not going to save the market this time.
@wavehuntersjapan9 ай бұрын
@@Paul-zu2hd Agreed, but as I mentioned, the next step is…..
@davewright93139 ай бұрын
Unless wages rise above inflation ,which is very unlikely due to a probable recession next year. House prices have a much higher correlation to wages than interest rates.
@JB-fk4nq9 ай бұрын
Is there any legal action taking place against the gov regarding the discrimination against landlords I wonder?
@time4advancement2449 ай бұрын
You know there isn't. Why don't you start something?
@connormcleod95959 ай бұрын
30%+ correction.. Yippeeeeeeeeee
@ajtoumeh94779 ай бұрын
Realistic, Sensible and nice to listen to 🌟
@SharonBrown-gl2uj9 ай бұрын
Excellent Information
@robhemsley91819 ай бұрын
Nope it’s going to fall 15-20 % nominal Buy to letters are going to lose money / the parties over
@SimonZutshiOfficial7 ай бұрын
@robhemsley you only lose money if you have to sell.
@barmy_irooni9 ай бұрын
Hi Simon, Just come across your page on here, you have great knowledge & sensible advice, keep up the great content. 👍
@kellywalker44949 ай бұрын
It doesn’t feel like it to many but there’s so much excess money sloshing around. If the housing market is done and the stock market is done where is that money going to flow? Maybe it will all flow into government bonds but I doubt it. Maybe it will all sit in cash in the bank but the economy will stagnate if that’s the case and eventually the government will need to stimulate and……. here we go again another boom and bust cycle.
@DigitalWealthCreations7 ай бұрын
Hi Simon what advice would you give if you want to go into a JV in regards to the contract
@NicOlas-kx5rp9 ай бұрын
tax breaks for investors in Australia destroyed the housing market for the middle class. careful what you wish for.
@anitaspeers6 ай бұрын
Awesome
@quokkapirquish68259 ай бұрын
This video is not aging well. House prices rose in October 2023.
@connormcleod95959 ай бұрын
Nope. Higher price houses have entered the market.
@andrewtaylor67379 ай бұрын
Disregard the guff!
@Phyroxin9 ай бұрын
wishful thinking I'm afraid, higher priced property sales skewed the data
@SimonZutshiOfficial7 ай бұрын
@quokkapirquish6825 I think that is a blip but we will see.
@gabymotsoloc92959 ай бұрын
Nonsense - property prices will gradually begin to SOAR with effect tomorrow as interest rates are about to go (again gradually) down. Not overnight, gradually. SOARING process is inevitable.
@powpunkonwhiskey63779 ай бұрын
You're having a laugh? They will go up again at least another full percentage due to energy price rises which are coming up. The end of 2024 is when we finally hit the bottom and rates will then plateau....for a long time.