Owning your own home

whats a good place to buy laminate flooring?

Dunno. Imagine if shit got real the bank would keep printing cash and prices would keep rising in London at least.

It would be a fair gamble to let such a prediction influence your behaviour by, say, trying to time the market

Quick step

yes but from which shop (cheapest)

Dunno. Imagine if shit got real the bank would keep printing cash and prices would keep rising in London at least.

Prices in London have been falling for the past year or so - we're down 10% (according to the FT).

They haven't started printing money - again - yet! Nothing a bit of QE won't fix.

Same shit houses still look as unaffordable as they did at this time last year :(

I don't think Brexit is going to happen, given that all options are either unavailable or horrifying, but it might.

If it does, it's going to be a severe shock - civil unrest is said to be nailed on, services are basically completely fucked, sudden mass-exodus of all the companies that thought Brexit would never happen, yada yada.

That's a massive supply side shock - printing money stimulates the demand side.

I imagine it will happen, they'll be beyond desperate to make the economy start firing again, but I suspect that certain asset classes will be in free-fall.

There are significant issues.

We are currently "enjoying" an unprecedentedly long period of uninterrupted growth.

Under normal circumstances, one would expect this to be accompanied by balancing of the books (ie paying down debt), and gently rising interest rates to control the supply of money.

Instead, we have government debt at a post war high, and interest rates at historically low levels. Meaning the room to manoeuvre is severely limited.

On the back of this we have cheap money fuelling bubbles. Companies which have never made a profit and quite possibly never will, benefit from billions of £ of venture capital investment, and at the same time put out of business previously viable enterprises.

Where will this all end?

Who knows. But my bet is that it isn't going to be pretty, and history tells us that the the people who caused the problem rarely carry the can.

Edit: tl/dr - 2008 all over again with a slightly different set of bad actors.

Am assuming you've not seen it yet, otherwise you'd be factoring in the state of the garden as well :)

Edit: tl/dr - 2008 all over again with a slightly different set of bad actors.

Yes, question is whether the UK will drag the rest of the Eurozone down with it - I suspect that we'll be isolated with ruthless efficiency, and then a very puzzled team from the IMF are going to conclude that we've already privatised everything of value, so we'll have to mortgage the bedrock of the UK to anchor the help we need.

i.e. it will be the perfect time to be pick up a 1972 "oil-flap" 911 and a country pile for pennies.

Or die from diseases exclusive to those eating rats.

Couple of things.

The eurozone is already in a fairly bad way so doesn't really need the UK to drag it down. They have sufficient problems as it is.

I think it's a fair bet that a number of asset classes will depreciate by material amounts. Which ones, by how much and when, are the subjects on which fortunes are made and lost. I wish I knew so I could make my fortune.

The Eurozone always seems to be in a fairly bad way - but it always seems to keep ticking along.

Past performance is no guarantee of the future, of course, but I'd bet on the (remaining) EU countries being better able to weather a storm than the UK.

If we do leave we'll be married to the US and then asset stripped with such rapidity that it'll make fall-of-USSR era Oligarchs doff their caps in admiration.

Anyway, lets be more cheerful: Johnson calls a GE when his coalition majority falls to 1 after Radnor, and in every parties manifesto will be a referendum. Whoever wins the election in the autumn is then committed to the referendum in the early months of 2020 and I think we'll vote to remain.

We'll still be in the middle of a recession by then, so houses will be getting cheaper as businesses shutter and inflation rises - I reckon this time next year will be ideal for a house purchase.

(Every party apart from Labour, unless Corbyn/Milne/McClusky are over-ruled).

If we do leave we'll be married to the US and then asset stripped with such rapidity that it'll make fall-of-USSR era Oligarchs doff their caps in admiration.

Yeah, this is a concern.

Still, burning nine million sheep would be a spectacle - maybe we could do it in Parliament Square.

Edit: tl/dr - 2008 all over again with a slightly different set of bad actors.

Gotta love that unanticipated systemic risk.

Absolutely. Who could have guessed?

But if I can buy this place for £600,000 then who am I to complain?

Perfect place to wait out the mass looting and riots

Ha, I know that place reasonably well. They have done a great job of making a structure fundamentally unsuitable for residential use into something quite nice, but compromises remain. It wouldn't be how I'd use £1M+ or probably even £600k

It's a lovely part of the world and you can get a decent 3 bed place for sub £300k.

I've rarely seen anywhere better suited to pouring boiling oil on frenzied crowds of Brexiters.

To be perfect I think you'd have to be able to raise the drawbridge.

Try before you buy!

Close, but not close enough

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Cheers. That's what I suspected, although having now viewed it I suspect it would be towards the upper end of that.

@Howard did you go for a viewing?

@Brun Yes, the garden was pretty special. Plenty of blackberries in there.

@Howard did you go for a viewing?

No CBA. We talking about the same place? Asking seems optimistic given it needs to be totally re-done.