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Is now the best time to sell property?


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I’m thinking of selling my place before the second lockdown in case the economy does crash, which is planned to happen in the near future to bring in the new digital currency. Properties around me have sold well recently so surely seems a good time, when no one is panicking too much. I’m in the uk if that helps

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Definitely sell ...Quick .... things are moving very fast now ...I'm surprised the property market hasn't collapsed already .... millions of people have lost their jobs , how can they pay mortgages? .

I completely agree and had this issue. What do I do with the lump sum of money I am getting from my dad's house sale? Who knows what the government will end up doing. Will we see hyperinflation? Will

Depending on area there is a small bubble-ette going on ... but the question where will go and what will you do? I would say that most of the world is affected by the cv19 so it's pretty much equ

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Depending on area there is a small bubble-ette going on ... but the question where will go and what will you do?

I would say that most of the world is affected by the cv19 so it's pretty much equivalent.

Some people near me sold, long time families, they got reasonable prices but if they buy again I suppose the price will be the same in the new location.

Working at home and fewer commutes may change the value of some areas.

Longer term options might be moving to a country with more integral and stronger society that is less likely to collapse, or homesteading, or moving to a very cheap country ... 

Property is a very sound bet in general because it keeps pace with the inflation and it's the foundation of the legal system ... so it's hard to damage property values in general.

I personally have secondary residency in a very cheap country and can live with little.

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@rideforever my plan was to rent, I am working from so no need to commute and certainly won’t need to during winter. Ideally I’d like to leave the uk for Thailand or Bulgaria or a country that’s cheap, I don’t know anyone in Bulgaria though so it’s a risky one. Where is your second home? 

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@Seeker

Indian ancestry.

Bulgaria is a good bet actually, they prob will join the EU soon and it's pretty cheap, I know a guy that just bought and built a taichi school over there.  And there are some other Brits over there.  Why not just rent your place out until you are settled?  Then you can move asap.  Thailand/Vietnam/Laos/Ecuador/CostaRica also good bets depending on your preferences.

If you can work remotely you could just rent your place out and go somewhere and make it work now.  Then you reduce the gap between dream and action, and you gain knowledge.  Otherwise it always looks like a big chasm ...

I think Brighton is doing well because it's a good place if you "work from home" ... so no need to sell right now in those areas ... and I can't see any big collapse for at least 24months, the market will be up and down.

 

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Definitely sell ...Quick .... things are moving very fast now ...I'm surprised the property market hasn't collapsed already .... millions of people have lost their jobs , how can they pay mortgages? .... 

 

Just in the air industry many 100s thousands of lay offs  just in the UK . These people had mortgages, probably received a compensation hand out , are hanging on to where they live hoping things will get better and they will be back to work ... we know this is false hope , they will soon put their houses on the market .

 

And don't buy a new place ....RENT ... this is not rocket science .... when the vaccine comes out  deaths will start to mount ,dead people don't need housed   the property market WILL crash 

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12 hours ago, oz93666 said:

Definitely sell ...Quick .... things are moving very fast now ...I'm surprised the property market hasn't collapsed already .... millions of people have lost their jobs , how can they pay mortgages? .... 

 

Just in the air industry many 100s thousands of lay offs  just in the UK . These people had mortgages, probably received a compensation hand out , are hanging on to where they live hoping things will get better and they will be back to work ... we know this is false hope , they will soon put their houses on the market .

 

And don't buy a new place ....RENT ... this is not rocket science .... when the vaccine comes out  deaths will start to mount ,dead people don't need housed   the property market WILL crash 

 

I agree with the renting thing 100% but what do you do with the dough?

 

* Leave 1000s in the bank or spread it out over many......no thanks. They fold them all up and run of with the lot (just like they did in the last depression).

* Put it into digital format...drinking from the devils cup morally ( I could live with that maybe) but it's as safe as a chocolate tea pot anyway even if I could live with it.

* Put it into Goverment bonds.....No way, I can't go that far.

* Put it in gold or silver? Well maybe...... but even that could be unsafe for the first time ever in history.

 

I think they are going to knock it all down....EVERYTHING!

 

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8 minutes ago, Brad the lad said:

 

I agree with the renting thing 100% but what do you do with the dough?

 

 

Use it to make sure you can survive Brad .... 

 

If I were in the UK I'd find a remote place somewhere to rent ... tell the guy you want to build an underground shelter on his land ..Why would he object ?? offer to give him 2 years rent money in advance ... that's probably all you will have to pay , most people will be dead in 2 years , no one to collect rent , on one to evict you  ... Buy food , solar panels storage  batteries etc ...

 

Any spare wealth gold or silver ..... 

 

This is not a practice run ... the old world is GONE 

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On 9/2/2020 at 2:34 PM, Seeker said:

I’m thinking of selling my place before the second lockdown in case the economy does crash, which is planned to happen in the near future to bring in the new digital currency. Properties around me have sold well recently so surely seems a good time, when no one is panicking too much. I’m in the uk if that helps

 

I have been put in this position at this current time - as my father passed away so have had to deal with selling the house.

 

Speaking to the estate agent and given the number of viewings we had, the market is absolutely booming at the moment. This is due to pent up demand from when people couldn't move during lockdown. And more recently, and more related to more expensive properties, the recent government relief on the stamp duty - which will end in March has caused a further "artificial" surge.

 

What was expected to be a depreciating market has at least managed to maintain values prior to CO-VID 19. But from all the analysis I have done looking at forecasts from estate agents, speaking to "experts" and using common sense, the housing market should at this time - be in quite a considerable decline. And unless the treasury do some further stimulus post March 2021 - then for all intents and purposes, all the analysis points to at least a 10% -15% decline in house prices next year (obviously depends where you live - more desirable areas will hold prices better). Experts are then predicting a miraculous come back in 2022 and I think they say by 2023 we shall see similar prices to what we have today.

 

However, these experts and analysis do not share my slightly more pessimistic view of how the economy is turning out and I think those numbers COULD be far greater and last a lot longer.

 

So in my opinion, If you are considering selling your house you should do so prior to end march 2021. That's exactly the thought processes we went through and ended up doing.

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13 hours ago, Brad the lad said:

 

I agree with the renting thing 100% but what do you do with the dough?

 

* Leave 1000s in the bank or spread it out over many......no thanks. They fold them all up and run of with the lot (just like they did in the last depression).

* Put it into digital format...drinking from the devils cup morally ( I could live with that maybe) but it's as safe as a chocolate tea pot anyway even if I could live with it.

* Put it into Goverment bonds.....No way, I can't go that far.

* Put it in gold or silver? Well maybe...... but even that could be unsafe for the first time ever in history.

 

I think they are going to knock it all down....EVERYTHING!

 

 

I completely agree and had this issue. What do I do with the lump sum of money I am getting from my dad's house sale? Who knows what the government will end up doing. Will we see hyperinflation? Will the country go bankrupt? Will the fiat currency collapse? All sounds for the realm of fiction, but unfortunately we are not too far from any of those scenarios coming true.

 

My decision was to spend the majority of it on bricks and mortar. I went through the same thought process as the OP. Should I buy an organic farm in Ecuador? Doesn't cost much, or Portugal - cheap as chips.. but there is quite a lot of risk involved in buying property abroad and what you can end up doing with it legally - unless you are very good at their law, speak their language or have a very trusted lawyer. You could easily spunk the money up the wall pretty quickly (including all the to and fro travel expenses, moving costs) - not useful we're not talking mass sums of money.

 

So decided to buy property up north instead. If the property price goes down don't lose much and the countryside is stunning up there imo. So yeah also depends on how large a sum of money we're talking about...

Edited by Mr H
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Do not sell unless you have scanned the market and actually know. I have sold twice in the past year enabling my wife and I to move to an ideal location and property by examining the market depending on where you live and can go. We downsized mortgages and upsized property 120x factor. Including lake access thru a creek. You shouldnt rent. Live out of something if possible but tangible assets are much better off then other types of investments for now.

 

Where "up north" do u say mr. H?

I live an hour and so from Canada in northern MN

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11 hours ago, Mr H said:

 

My decision was to spend the majority of it on bricks and mortar.

 

You are living in the past Mr H .... In all of our recorded history , of course land and property have been a good investment because the population just grows and grows !!  

 

Now is the time of the culling ... the controllers policy is very clear they plan to exterminate Billions of us .... so land and buildings will be empty and you will just be able to squat ...

 

I've a feeling you are fairly new to all this .. and it does sound surreal and crazy , unlikely to happen .... but people who have been studying this a long time , like Alex Jones and David Icke have known this was coming for decades.  

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On 9/5/2020 at 1:31 AM, oz93666 said:

. the controllers policy is very clear they plan to exterminate Billions of us .... so land and buildings will be empty and you will just be able to squat 

 

If they did that society might return to normal.

After WW2 from 1950 to 1980 people actually enjoyed their lives because there was lots of space in society, and relative order that came from the shock of so many deaths.

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47 minutes ago, rideforever said:

 

If they did that society might return to normal.

After WW2 from 1950 to 1980 people actually enjoyed their lives because there was lots of space in society, and relative order that came from the shock of so many deaths.

 

Hmmm .... just looked up the figures. UK deaths in WWII were 380,000 soldiers and 70,000 civilians , from a population of 48M ... that's less than 1% 

 

Short term the impending  economic collapse must have the biggest impact on house prices , although could be masked by inflation as they print more money ..In real terms they must fall ...

But if the cabal do reduce our numbers this will come with the destruction of society  , road warrior , if they do cut off food , then most must starve to death. 

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@oz93666

WW1 and WW2 and the decimation of other populations, it opened up a lot of space in society.  Businesses also destroyed and properties.

All needed to be rebuilt so life was straightforward, jobs easy, life easy.

And it shows people during that time had a great life.

That why the Shock Doctrine exists to open up space for the new.

It doesn't really make sense to kill people when you wish to enslave them, who then will you enslave.

The larger the amount of people the more stupid and useless and powerless they become, then your enslavement is much greater.

Small amounts of population ... requires people to become specialised and competent and therefore intelligent.

But I think there is a better understanding of the situation.

Human beings are unstable beings, 99% dumb animals, and 1% light ... and this leads to chaos and corruption.

Evil people and forces are in charge, but like any conquerors knows ... it doesn't last until the next bastard takes over.

Moreover all the darkness is not really the greatest problem ... ordinary people don't notice that they only future they have is the grave, and they don't care.  The ordinary people therefore are the darkness as much as anyone else.

But, there is a narrow gate out of here, and that is the only gate out of here.
Life at any level is not for free.

 

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  • 2 weeks later...

If you hold on to property now it will be worth nothing in 5 years. This is the top of any market we have left, and, when the govt remove the stamp duty stimulus it will collapse. Sell if you have another plan in mind. Bear in mind that rentals will get more competitive in UK  after crash, as they are now, because not many will continue to have a 'reliable job'- unless of course we are all on govt handouts.

Ive been a property investor and landlord for over 20 years, if you have a mortgage now its time to be rid of it. They are already passing new laws in EU for 'bail ins,' mortgages will be part of that property theft by banks unless something drastic happens to stop it all. If you dont know what a bail in is- go research what happened in Cyprus in the 2008 crash. Everyone had 50% of their wealth stolen by the banks, and, were restricted on what they could take out of their account daily. 

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So few people will see this coming. Even though the govt say £75k is protected, whats point of that if they can 'legally' steal 50% of it? IMO not worth having more than a few grand in any account. I know a FOREX guy who had a client in Cyprus who lost £500k overnight and then they were restricted to £200 per day limit, so they could not extract the rest. Even now in Cyprus this rule still applies, AND, you cannot deposit more than £1000 in cash without a barrage of questions about 'money laundering!" Christ, what a joke.

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I am wondering if these Coronavirus tremours are going to destroy small countries, meanwhile the UK is pulling all the strings everyone doing what we say ... then we do a Brexit and float on to freedom whilst the ruins of other countries are gobbled up.

Not every country is going to fall apart, and with the Jewish lobby quite liking it in the UK ... maybe it's the place to be.

Don't know.

2nd  Wave .... I have the sense that by December two things are going to happen:
- there will be few or no new deaths

- that dumb fuck vaccine from Oxford will have fucked up some other poor victims and the US will ban it permanently, which means we will ban it permanently

 

... that's my forecast.

 

 

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On 9/22/2020 at 2:04 AM, rideforever said:

I am wondering if these Coronavirus tremours are going to destroy small countries, meanwhile the UK is pulling all the strings everyone doing what we say ... then we do a Brexit and float on to freedom whilst the ruins of other countries are gobbled up.

Not every country is going to fall apart, and with the Jewish lobby quite liking it in the UK ... maybe it's the place to be.

Don't know.

2nd  Wave .... I have the sense that by December two things are going to happen:
- there will be few or no new deaths

- that dumb fuck vaccine from Oxford will have fucked up some other poor victims and the US will ban it permanently, which means we will ban it permanently

... that's my forecast.

 

No description available.

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  • 2 weeks later...

Now is a great time to sell property as we are at a near all time peak and average prices have levelled off. Plus no stamp duty for buyers until March. It is also a good time to refinance your property if you can get that money out.

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On 9/2/2020 at 2:34 PM, Seeker said:

I’m thinking of selling my place before the second lockdown in case the economy does crash, which is planned to happen in the near future to bring in the new digital currency. Properties around me have sold well recently so surely seems a good time, when no one is panicking too much. I’m in the uk if that helps

I'm not sure if they are going to crash the markets just yet as they are bailing out the Airlines-it's the too big to fail corporate welfare garbage all over again.

 

They may just continue with "stimulus" for another couple of years inflation be damned.


Of course there are also reasons to suspect a crash of 20% to 40% by early November.


 

 

 

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On 10/4/2020 at 11:07 PM, Reet Hard said:

I'm not sure if they are going to crash the markets just yet as they are bailing out the Airlines-it's the too big to fail corporate welfare garbage all over again.

 

They may just continue with "stimulus" for another couple of years inflation be damned.


Of course there are also reasons to suspect a crash of 20% to 40% by early November.


 

 

 

 Well whether its now or in a couple of years after they keep sticking another plaster on a broken leg it really does not matter. Ultimately a crash will come because its well over due and was never dealt with last time we had a crash, especially in UK. Now we have a MASSIVE bubble which only has one option. Now is the time to sell before the stamp duty crap in UK is removed next April.  I know estate agents who are so busy now that they have been told no time off till April next year. So a final scam to collect the most from a dying system which they can use the money from to beat the people down even more.

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