For what's it worth, I hope prices don't rise. A few years of stagnant house prices would help rebalance the market.
2 дня назад
Labour Govt's always see the highest prices rises; they always fuel inflation via spaffing money away and borrowing (sorry, "investing in public services") , and this lot are off to a cracking start.
I honestly hope for a bit of a crash in prices - home ownership is becoming increasingly unachievable - But the reality is it looks like Barclays and Llyods are going to become the UKs biggest landlords.
2 дня назад
@@Tengu3000yes..I think Blackrock have a £1B fund to buy up rental property too. Only the largest companies will be have the economies of scale a large management teams that will stand chance of dealing with the Renter Right Bill nightmare which contains a massive number of new threats that could wipe out and small landlords, such a doubling rent repayment orders and the ability of tenant to delay paying any rent for months by playing the system. Once they have a stranglehold they'll ramp up rents through the roof.
@@Tengu3000sorry to disappoint you but there’s zero chance of that with the population explosion we’re in the middle of. The best you can hope for is it goes sideways for a bit or a couple percent downwards.
All the sources quoted regarding house price projections for the next 5 years have a vested interest in seeing house prices increase. It is very important to assess the credibility of sources of information and unfortunately almost all those putting together projections, when it comes to house prices, are biased.
@@travellingtom6091 Indeed - all the analysis and commentary is based on a very mainstream keynsian economics outlook. Fairly beige and highly probable, but there are definitely some alternative projections and outcomes that are worth considering... What if the historic, decade long lows in interest rates has marked the end of loose monetary policy and the the rest of the world decide that they no longer want to support the profligacy of the West?...
I'm so happy I made productive decisions about my finances that changed my life forever. I'm a single mother living in Birmingham uk, bought my second house in August and hoping to retire next year at 41 if things keep going smoothly for me…,.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
If you mean is currency going to depreciate due to high sovereign debt and the need for more QE then the answer is yes. Housing will appear to be worth more but in reality the currency will be failing like it has since 1973 and beyond.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?
Stocks with yields that outperform the market should be on your radar, as should shares that at least lag the market over the long term. But if you want a long-term strategy that works, I advise you to consult a broker or financial advisor.
I concur; I've been in frequent communication with an investing advisor for more than 17 months. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coaches by some.
“Stacy Lynn Staples” has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
It's all down to interest rates. If boe interest dropped back to 0.5%, house prices would instantly jump by 20% again. People will buy the biggest house they can afford, not the house they need, so house prices going up/down is all down to interest rate
Great video....thanks....there are some bargains to be had at the moment especially if you want a larger home....have been saving with my wife for a decade and thought we would miss the second stepper stuff and go straight for a 4 bed detached homestead with an acre.....don't care if prices fall more from here have my forever home at last 😊
why are we looking at house prices in relation to inflation? to say house prices have fallen 15% in real terms whereas inflation mightve gone up 30% and wages have stagnated then its also true that house prices have gone up 15% in relation to wages? just seems weird to offset house prices against cpi inflation
While it's good that affordability has improved since 15 years ago, that's good for the same age cohort 15 years apart. For anyone who has been frozen out of the housing market for those 15 years, it means that they've forked out 15 years of rent that could have been used to pay down a mortgage, and lost 15 of their prime income earning years that they can't get back. The impact on that 'frozen out' generation will crystallise in the next 15 years.
Yes, they will rise in 2025 and 2026, >IF< interest rates drop to 3.5% to 4%. At 2.75%, they will surge (double figures) for a year or three. Great video
I really enjoy your channel (and subscribe) but have some friendly criticism: I would half the number of slides you show and double the time you spend speaking about each one. The volume of info is impossible to digest without pausing the video! Appreciate your work ❤
Implement additional property taxes and invest the money into Social Housing, that'll soon bring down the prices people ask for their properties and make it more expensive for those who are under-utilizing the UK's finite housing stock. If you bought a property when property was overpriced that's your own fault, not the fault of the rest of the UK population.
Stagnate wages and declining immigration will help lower housing prices along with future base rate 8ncreasea to fund government borrowing.The lesson is to wait for property vslue falls across the UK.
Declining immigration? a reduced rate of increase is still an increase. house builders aren't building faster, materials are getting more expensive. housing wont decrease while the social fabric holds, you can gamble on how long it will hold for. people will just get more used to smaller spaces and reduced living conditions, 2 families in a 3 bed terrace house, 4 families in a larger house etc. 3 generation housholds etc.
People don't understand reality. House prices will always go up with inflation, sometimes more, another time less, just like commodities. It's value of money dropping when goverment is printing more each year. If you want to blame anyone, blame goverment.
BOE released massive amount of stimulus to prevent market crash during covid bs. Massive inflation is effect of that cash flooding market. If you claim otherwise you are troll or on gov playlist. 🎉Have fun proving I'm wrong.
@@jontalbot1 Have I given any definition of inflation or what BOE does? WTF mind your language and grow up. If you don't know what printing money or borrowing does you may need to google it. And since you are talking about BOE specifically, biggest inflation we had recently is direct result of market stimulus to prevent the crash during covid and more that followed after. Market was just flooded with money.
Really? What happened to Japanese house prices then. And on average in the UK, maybe, but certainly not in a linear 1:1 way, and not in every area of the market. In terms of price per sqm, house prices have outstripped inflation by a significant amount in the south-east while in real terms they've actually gone down in the north, but so have incomes.
That would screw over a large number of normal people who have scrimped and saved in recent years to buy their first property. Negative equity is no joke, especially if the fixed mortgage term has come to an end meaning they're unable to mortgage and suddenly their monthly payments double or triple.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. I have been working with ''Melissa Terri Swayne’’ for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
House price to income ratio. The uk has a large tail of low paid workers who actually have their wages topped up by tax credits It would be more sensible to talk about house prices to median wage, rather than ro mean wage
I calculate that house prices are 3.5 times higher than their average going back to 1984. When I got my first place. Borrowing costs are half what they were in 1985. There's loads of empty places waiting for a buyer, as the money is now so much more expensive than the 1% tracker mortgages. The government will try as ever to manipulate, I I'd say things are going nowhere.
Lovely let's get back to near enough 0% interest rates then everyone can binge on cheap credit and we can look forward to a massive financial crash........happy days!
Prices will soar every year. BoE is itching to begin QE and ZIRP policy, net immigration is set to be in the millions per year (although most will arrive on a beach with no paperwork.
Why lie? Most people coming to the UK don't arrive on a beach, and never have done. It's in the single digits by percentage. But that probably spoils your narrative.
Blackrock, Blackstone, Edmond de Rothschild, Hines, Greystar are buying everything that private second homeowners are going to have to sell with higher taxes....this is a systemic issue. Build to rent is expected to increase 2.5 times by 2030. The inevitability will be you won't own anything and you 'must' be happy.
Only the 'poor' will not own anything and those gen Z people who wish to consume more than they make. In most parts of the UK houses are still affordable even on a 25k salary, especially in the NW/Yorkshire etc. Yes, if you wish to move out of your family home at 18 and pay rent and eat out everyday, then ofcourse you dont have money to buy anything. But if you stay at home, live rent free, eat at home, live way below your means, i can assure you that anyone by the age of 28/30 can have well over 100/150k saved up. I am not making these figures up as i have lived it and so have my younger siblings and cousins who are currently 20-30 years old and every one of them has their own property. Some of them have even paid it off by 30 like me.
@@HDY0903 'still affordable even on a 25k salary'? well. not in London mate or surrey. yeah the minimum salary is 23-25k , however, you cannot buy a house near or in London. you need to go up north.
@@HS-sr9ww yes, that is why i mentioned NW/Yorkshire. Post covid you just dont need to be any where near London. Me and my wife have worked from home for over 4 years now. Im self employed, but she is part time employed and they only go in office once every 6 months.
@@HDY0903 This comment is laughable. Even if you save for a house to the age of 30 and save every penny. It won't make much of a difference as houses in South are out of the reach for you. Even if you save the dreamed 100k, the price of a house is around £300k - the bank will not give you £200k for the mortgage on that wage. Dream on.
On strict fundamentals, how on earth can house prices 'soar' from the nosebleed levels they've already attained? I understand 'how' of course: it will have nothing to do with economics and everything to do with politics! When all MPs became property owners/landlords (not just the Tory landed-gentry types) this was inevitable. Supporting house price hyperinflation is going to finally wreck the UK economy.
Conversely, wage growth. The issue is partially house price rises, but the real issue is the complete stagnation of wage growth. Minimum wage has gone up sure, but graduates are entering the job market being paid 2008 wages. It's baffling to me that 70k was a great wage when I was a teenager and I'm 30 and it's still a great wage.
@@TheMajorpickle01 quite, the UK population has increased by almost 10 million since the year 2000. You can not do that and then act all shocked when Pay gets depressed, and housing costs (both rent and buying prices) get out of hand.
@@patdbean There has been a huge demand for more workforce, if you remember, UK has been welcoming new business to come in and wanted a bigger tax revenue. That in itself isn't bad idea, the problem is that UK governments had no plans to build enough houses to accommodate for the new workforce that was wanted/required. The results can be seen today - extra high prices for much smaller houses. And the key problem is still there - no workforce to build build build.
@@nothereandthereanywhere if we have this massive workforce shortage, why has pay been so depressed for the last 25 years? , The average full time wage In 2000 was 19k, to have kept up with REAL RPI inflation that would need to be 44k today, it is in fact 36k so the spending power of the average wage has done nothing but fall for 25 years. So this shortage you talk of is not really a shortage of workers, we have 9 million nonwork adults. it is really more shortage of jobs that pay enough to live on.
All this is mostly irrelevant until incomes catch up, inflation figures are still being used by employers to give out lower pay rises, even though they didn't give them during the period inflation was high. There is still a cost of living crisis in the UK.
The Government really need to step in on private equity firms buying up houses before it becomes a major problem but as always they won't intervene and we'll pay for it in the future.
I find it really strange that they keep saying inflation is down when felt inflation (food shopping prices etc.) is still really high. Is that a bank of England statistic trick or there are other factors
I think inflation (annual rise in certain prices) probably is down, and this is important but as you say, prices are still a) high and b) rising (which is not to be confused with a rise in inflation)
inflation is just a measure of how fast costs are increasing. When inflation goes down it doesn't mean prices go down it means that the rate of increase in their pricing decreases
!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Not necessarily. This makes multiple assumptions - the most prominent and universal of which is that it assumes one does not have another mutually exclusive asset with greater rate of return in which to deploy capital... and many people will have such an option ;)
Houses will double every year for the next 10 years. We will all be billionairs while doing nothing to get that money we can all retire at 40 so no one will need to work. The garden of Eden is here. All Governments will always back homeowners and make the poor pay for us homeowners as homeowners are the majority.
Well, if you're a private Equity Firm or you're sleeping on a mattress full of money, then yeah, it's okay to buy a house. Other than that, I think most people are going to find it hard to eat
This again??? It's never good to loan money. The thing is to accumulate money on one's account, expect others to do the same, and break everything apart.
Get a van / motorhome, sack paying mortgages - rent & rip off utilities! The economy across the globe will go into a depression soon enough, crypto & silver are the assets to have - to beat inflation. Landlords are exiting the market, this will have a large effect & bring house prices down. The world is in for one hell of a shock!!
I love the content and always had that feeling I know that face from somewhere. Then it came to me, Cycling Time trials!! A fan of both of your skills.
If prices 'soar' again after frankly soaring for years and years at this stage, then interest rates will have to go to 10%+ and people will default en-masse. The banks aren't going to let the older mortgage debts inflate away, trust me. Banks don't lose. History tells you as much.
@@VTh-f5x I mean the interest rates banks apply to mortgages, which closely mirror the 10-year bond yield. Not the interest rates that are set by the Bank of England.
@@robc1014 Yes, sadly. Taxpayer should have never consented to the debt jubilee of 2008. We weren't awarded dividends for our ownership of the banks, and now that the banks are being sold off by the Treasury back into private hands, some of them are already admitting to pursuing rental income e.g. Lloyds. UK is its own worst enemy, you'd think 16 years wouldn't be long enough to forget what happened, but it has been long enough.
Actually millions who are renting from private landlords do not wish to buy their own home. They know the usurious banking corporate landlords will squeeze them to the max. People wake up to Islam. Islam supports the traditional family.
It’s not about if they could. The usurious bankers are trying to reel people into taking on mortgages. Then, the usurious bankers will jack up the rates putting so much pressure on UK traditional families that will end in divorce, and as we know all the homes will be given to single mothers and their children while landless fathers go out and work stupid hours paying for these single mothers. This is the design of the usurious bankers’ modernity. If the usurious bankers wanted to support traditional families they would support the males by making them financially strong and the single mothers would not divorce and be attracted to the free homes given to them paid for by landless fathers. Islam supports the traditional family. We have dark designs in the UK by demonic forces.
I personally rent out my property in the UK at 50% market rate to a traditional family. I’m trying to do my bit and I speak out against usury by first using the word usury. It is a small step. You do your bit and start using the word usury.
@@D-A-H8585 that's good of you, less good of you because you'd only do so to a 'traditional family' I'd say. But you haven't actually answered my question. You may be Muslim and charging less but what does Islam as a system or institution provide that improves upon traditional banking. It's not a trick question I'm genuinely curious.
This seems like great news. I am almost done reaching my downpayment and I hope to get into the property ladder by the end of this year or the beginning of 2025!
For what's it worth, I hope prices don't rise. A few years of stagnant house prices would help rebalance the market.
Labour Govt's always see the highest prices rises; they always fuel inflation via spaffing money away and borrowing (sorry, "investing in public services") , and this lot are off to a cracking start.
I honestly hope for a bit of a crash in prices - home ownership is becoming increasingly unachievable - But the reality is it looks like Barclays and Llyods are going to become the UKs biggest landlords.
@@Tengu3000yes..I think Blackrock have a £1B fund to buy up rental property too. Only the largest companies will be have the economies of scale a large management teams that will stand chance of dealing with the Renter Right Bill nightmare which contains a massive number of new threats that could wipe out and small landlords, such a doubling rent repayment orders and the ability of tenant to delay paying any rent for months by playing the system. Once they have a stranglehold they'll ramp up rents through the roof.
Same - zero nominal until housing is viewed as a utility.
@@Tengu3000sorry to disappoint you but there’s zero chance of that with the population explosion we’re in the middle of. The best you can hope for is it goes sideways for a bit or a couple percent downwards.
All the sources quoted regarding house price projections for the next 5 years have a vested interest in seeing house prices increase. It is very important to assess the credibility of sources of information and unfortunately almost all those putting together projections, when it comes to house prices, are biased.
Very true
@@travellingtom6091 Indeed - all the analysis and commentary is based on a very mainstream keynsian economics outlook. Fairly beige and highly probable, but there are definitely some alternative projections and outcomes that are worth considering...
What if the historic, decade long lows in interest rates has marked the end of loose monetary policy and the the rest of the world decide that they no longer want to support the profligacy of the West?...
I'm so happy I made productive decisions about my finances that changed my life forever. I'm a single mother living in Birmingham uk, bought my second house in August and hoping to retire next year at 41 if things keep going smoothly for me…,.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
Waking up every tenth of each month to $94 thousand it’s a blessing to I and my family… Big gratitude to this same Jihan Wu🙌
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio
Please is there any way I can get in touch with him please?
+852
If you mean is currency going to depreciate due to high sovereign debt and the need for more QE then the answer is yes. Housing will appear to be worth more but in reality the currency will be failing like it has since 1973 and beyond.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?
Stocks with yields that outperform the market should be on your radar, as should shares that at least lag the market over the long term. But if you want a long-term strategy that works, I advise you to consult a broker or financial advisor.
I concur; I've been in frequent communication with an investing advisor for more than 17 months. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coaches by some.
How do I meet this advisor, please? I need assistance investing my divorce settlement because it's now sitting in the bank earning little interest.
“Stacy Lynn Staples” has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
It's all down to interest rates.
If boe interest dropped back to 0.5%, house prices would instantly jump by 20% again.
People will buy the biggest house they can afford, not the house they need, so house prices going up/down is all down to interest rate
Great video....thanks....there are some bargains to be had at the moment especially if you want a larger home....have been saving with my wife for a decade and thought we would miss the second stepper stuff and go straight for a 4 bed detached homestead with an acre.....don't care if prices fall more from here have my forever home at last 😊
why are we looking at house prices in relation to inflation? to say house prices have fallen 15% in real terms whereas inflation mightve gone up 30% and wages have stagnated then its also true that house prices have gone up 15% in relation to wages? just seems weird to offset house prices against cpi inflation
While it's good that affordability has improved since 15 years ago, that's good for the same age cohort 15 years apart. For anyone who has been frozen out of the housing market for those 15 years, it means that they've forked out 15 years of rent that could have been used to pay down a mortgage, and lost 15 of their prime income earning years that they can't get back. The impact on that 'frozen out' generation will crystallise in the next 15 years.
Depends, many millennials live with their parents. Which will have it's own effects later down the line...
1:34 The colour of that line on the graph matches your jumper! ;)
Yes, they will rise in 2025 and 2026, >IF< interest rates drop to 3.5% to 4%. At 2.75%, they will surge (double figures) for a year or three. Great video
I really enjoy your channel (and subscribe) but have some friendly criticism: I would half the number of slides you show and double the time you spend speaking about each one. The volume of info is impossible to digest without pausing the video! Appreciate your work ❤
Ok thanks!
Implement additional property taxes and invest the money into Social Housing, that'll soon bring down the prices people ask for their properties and make it more expensive for those who are under-utilizing the UK's finite housing stock. If you bought a property when property was overpriced that's your own fault, not the fault of the rest of the UK population.
Fantastic analysis
Thank you Sir
So pleased to see both your collars outside the jumper this time
More likely is 100 year generational mortgages like Japan.
Stagnate wages and declining immigration will help lower housing prices along with future base rate 8ncreasea to fund government borrowing.The lesson is to wait for property vslue falls across the UK.
Declining immigration? a reduced rate of increase is still an increase. house builders aren't building faster, materials are getting more expensive. housing wont decrease while the social fabric holds, you can gamble on how long it will hold for. people will just get more used to smaller spaces and reduced living conditions, 2 families in a 3 bed terrace house, 4 families in a larger house etc. 3 generation housholds etc.
HOuse prices will continue to go up.... assets dont simply lose value...
Can't increase the population by millions and not expect the demand for housing to go up
Print another billion or 10
People don't understand reality. House prices will always go up with inflation, sometimes more, another time less, just like commodities. It's value of money dropping when goverment is printing more each year. If you want to blame anyone, blame goverment.
WTF are you talking about? I don’t think you even understand what inflation is, let alone what the BoE does
BOE released massive amount of stimulus to prevent market crash during covid bs. Massive inflation is effect of that cash flooding market. If you claim otherwise you are troll or on gov playlist. 🎉Have fun proving I'm wrong.
@@jontalbot1 Have I given any definition of inflation or what BOE does? WTF mind your language and grow up. If you don't know what printing money or borrowing does you may need to google it. And since you are talking about BOE specifically, biggest inflation we had recently is direct result of market stimulus to prevent the crash during covid and more that followed after. Market was just flooded with money.
@@MaxAcyWhat's your evidence to support your claims?
Really? What happened to Japanese house prices then.
And on average in the UK, maybe, but certainly not in a linear 1:1 way, and not in every area of the market. In terms of price per sqm, house prices have outstripped inflation by a significant amount in the south-east while in real terms they've actually gone down in the north, but so have incomes.
I pray house prices drop so normal people can buy one with their normal salary
That would screw over a large number of normal people who have scrimped and saved in recent years to buy their first property. Negative equity is no joke, especially if the fixed mortgage term has come to an end meaning they're unable to mortgage and suddenly their monthly payments double or triple.
@@robsmith1184 true. not everyone can win
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I've been considering getting one, but haven't been proactive about it. Can you recommend your financial advisor? I could really use some assistance.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. I have been working with ''Melissa Terri Swayne’’ for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
I just checked her out on google search and I have sent her an email. I hope she gets back to me soon will love to learn more.
They will rise. And the gravy train keeps on rolling. I have no confidence the new government will do anything to stop it
House price to income ratio. The uk has a large tail of low paid workers who actually have their wages topped up by tax credits
It would be more sensible to talk about house prices to median wage, rather than ro mean wage
very good point. i have always heard of median house price to median wage, never the mean.
I always confuse you with patrick boyle
I calculate that house prices are 3.5 times higher than their average going back to 1984. When I got my first place. Borrowing costs are half what they were in 1985. There's loads of empty places waiting for a buyer, as the money is now so much more expensive than the 1% tracker mortgages. The government will try as ever to manipulate, I I'd say things are going nowhere.
No way. Prices will continue to fall.
Lovely let's get back to near enough 0% interest rates then everyone can binge on cheap credit and we can look forward to a massive financial crash........happy days!
Prices will soar every year. BoE is itching to begin QE and ZIRP policy, net immigration is set to be in the millions per year (although most will arrive on a beach with no paperwork.
Why lie? Most people coming to the UK don't arrive on a beach, and never have done. It's in the single digits by percentage. But that probably spoils your narrative.
40k a year boat immigrants doesn't match 750k legal migrants but this will fall as the clampdown on visas takes holdml.
Multi Millionaires and Billionaires are putting the squeeze on everything you buy or want to buy.
5:46 but that is 2% cpi. We should really be using RPI, because that includes housing costs.
💯 this
Blackrock, Blackstone, Edmond de Rothschild, Hines, Greystar are buying everything that private second homeowners are going to have to sell with higher taxes....this is a systemic issue. Build to rent is expected to increase 2.5 times by 2030. The inevitability will be you won't own anything and you 'must' be happy.
illuminati plans
Only the 'poor' will not own anything and those gen Z people who wish to consume more than they make. In most parts of the UK houses are still affordable even on a 25k salary, especially in the NW/Yorkshire etc. Yes, if you wish to move out of your family home at 18 and pay rent and eat out everyday, then ofcourse you dont have money to buy anything. But if you stay at home, live rent free, eat at home, live way below your means, i can assure you that anyone by the age of 28/30 can have well over 100/150k saved up. I am not making these figures up as i have lived it and so have my younger siblings and cousins who are currently 20-30 years old and every one of them has their own property. Some of them have even paid it off by 30 like me.
@@HDY0903 'still affordable even on a 25k salary'? well. not in London mate or surrey. yeah the minimum salary is 23-25k , however, you cannot buy a house near or in London. you need to go up north.
@@HS-sr9ww yes, that is why i mentioned NW/Yorkshire. Post covid you just dont need to be any where near London. Me and my wife have worked from home for over 4 years now. Im self employed, but she is part time employed and they only go in office once every 6 months.
@@HDY0903 This comment is laughable. Even if you save for a house to the age of 30 and save every penny. It won't make much of a difference as houses in South are out of the reach for you. Even if you save the dreamed 100k, the price of a house is around £300k - the bank will not give you £200k for the mortgage on that wage. Dream on.
On strict fundamentals, how on earth can house prices 'soar' from the nosebleed levels they've already attained? I understand 'how' of course: it will have nothing to do with economics and everything to do with politics! When all MPs became property owners/landlords (not just the Tory landed-gentry types) this was inevitable. Supporting house price hyperinflation is going to finally wreck the UK economy.
They'll soar if the supply of suitable homes becomes increasingly limited relative to demand.
Supply is relatively fixed and demand is going through the roof
The purchasing power of the pound has dropped significantly. This is wealth transfer in action.
House prices need to drop at least 50% otherwise there is no future for the younglings of this country.
Conversely, wage growth. The issue is partially house price rises, but the real issue is the complete stagnation of wage growth. Minimum wage has gone up sure, but graduates are entering the job market being paid 2008 wages.
It's baffling to me that 70k was a great wage when I was a teenager and I'm 30 and it's still a great wage.
Pease read economics 101. Supply and demand
@@TheMajorpickle01 quite, the UK population has increased by almost 10 million since the year 2000. You can not do that and then act all shocked when Pay gets depressed, and housing costs (both rent and buying prices) get out of hand.
@@patdbean There has been a huge demand for more workforce, if you remember, UK has been welcoming new business to come in and wanted a bigger tax revenue. That in itself isn't bad idea, the problem is that UK governments had no plans to build enough houses to accommodate for the new workforce that was wanted/required. The results can be seen today - extra high prices for much smaller houses. And the key problem is still there - no workforce to build build build.
@@nothereandthereanywhere if we have this massive workforce shortage, why has pay been so depressed for the last 25 years? ,
The average full time wage In 2000 was 19k, to have kept up with REAL RPI inflation that would need to be 44k today, it is in fact 36k so the spending power of the average wage has done nothing but fall for 25 years.
So this shortage you talk of is not really a shortage of workers, we have 9 million nonwork adults. it is really more shortage of jobs that pay enough to live on.
All this is mostly irrelevant until incomes catch up, inflation figures are still being used by employers to give out lower pay rises, even though they didn't give them during the period inflation was high. There is still a cost of living crisis in the UK.
Better invest in Moldavia instead in a mature market with low supply and sponsored by the mum and dad bank..
The Government really need to step in on private equity firms buying up houses before it becomes a major problem but as always they won't intervene and we'll pay for it in the future.
Private Equity should/must be banned worldwide by govts.
It's the plan. Agenda 2030. You will own nothing and be happy. Blackrock & WEF (World Economic Forum)
Absolutely
It's the governments plan....😂😂😂
Unless we vote Jeremy corbyn nothing will change
£££ House Prices can only go in one direction: Up Up Up £££
I find it really strange that they keep saying inflation is down when felt inflation (food shopping prices etc.) is still really high. Is that a bank of England statistic trick or there are other factors
I think inflation (annual rise in certain prices) probably is down, and this is important but as you say, prices are still a) high and b) rising (which is not to be confused with a rise in inflation)
inflation is just a measure of how fast costs are increasing. When inflation goes down it doesn't mean prices go down it means that the rate of increase in their pricing decreases
!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $100k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
look up her name on the web for her website.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
The best time to buy a house was 20 years ago, the second best time is now.
word
Not necessarily. This makes multiple assumptions - the most prominent and universal of which is that it assumes one does not have another mutually exclusive asset with greater rate of return in which to deploy capital... and many people will have such an option ;)
Houses will double every year for the next 10 years. We will all be billionairs while doing nothing to get that money we can all retire at 40 so no one will need to work. The garden of Eden is here. All Governments will always back homeowners and make the poor pay for us homeowners as homeowners are the majority.
jobs
Well, if you're a private Equity Firm or you're sleeping on a mattress full of money, then yeah, it's okay to buy a house. Other than that, I think most people are going to find it hard to eat
This again??? It's never good to loan money. The thing is to accumulate money on one's account, expect others to do the same, and break everything apart.
Get a van / motorhome, sack paying mortgages - rent & rip off utilities!
The economy across the globe will go into a depression soon enough, crypto & silver are the assets to have - to beat inflation.
Landlords are exiting the market, this will have a large effect & bring house prices down. The world is in for one hell of a shock!!
And where did you study economics? Hang on, you know nothing at all about it
@@jontalbot1 Someone else living in denial, wakey wakey!
It will. pound will tank.
I love the content and always had that feeling I know that face from somewhere. Then it came to me, Cycling Time trials!! A fan of both of your skills.
He seems very kind and genuine person. I hope he finds all the success on RUclips and in real life.
This is such a fukcin depressing reality
I am a house and I can attest that my price will go up next year.🏠
lol
If the Banks & Economists say interest rates are going to drop to 2.75% to 3.75% you know their going back to 0% 😂
They're never going back to 0%. Not unless there's another GFC/pandemic or other major black swan event.
I don't know about 0% but they do seem to underestimate changes.
@@palmtree-e2l The Chinese economy says hold my beer GFC! 😂
If prices 'soar' again after frankly soaring for years and years at this stage, then interest rates will have to go to 10%+ and people will default en-masse. The banks aren't going to let the older mortgage debts inflate away, trust me. Banks don't lose. History tells you as much.
Interest rates don't rise as a result of house price increases.
@@VTh-f5x I mean the interest rates banks apply to mortgages, which closely mirror the 10-year bond yield. Not the interest rates that are set by the Bank of England.
Reminds me of 2008
Thats it, and then banks buy up the defaulted property and control the rental market.
@@robc1014 Yes, sadly. Taxpayer should have never consented to the debt jubilee of 2008. We weren't awarded dividends for our ownership of the banks, and now that the banks are being sold off by the Treasury back into private hands, some of them are already admitting to pursuing rental income e.g. Lloyds.
UK is its own worst enemy, you'd think 16 years wouldn't be long enough to forget what happened, but it has been long enough.
Actually millions who are renting from private landlords do not wish to buy their own home. They know the usurious banking corporate landlords will squeeze them to the max. People wake up to Islam. Islam supports the traditional family.
Look how successful Islamic economies are. All those scientific breakthroughs in the Middle East
I'd wager the vast majority of renters would buy if they could.
How do you think Islam provides any alternative to traditional banking?
It’s not about if they could. The usurious bankers are trying to reel people into taking on mortgages. Then, the usurious bankers will jack up the rates putting so much pressure on UK traditional families that will end in divorce, and as we know all the homes will be given to single mothers and their children while landless fathers go out and work stupid hours paying for these single mothers. This is the design of the usurious bankers’ modernity. If the usurious bankers wanted to support traditional families they would support the males by making them financially strong and the single mothers would not divorce and be attracted to the free homes given to them paid for by landless fathers.
Islam supports the traditional family. We have dark designs in the UK by demonic forces.
I personally rent out my property in the UK at 50% market rate to a traditional family. I’m trying to do my bit and I speak out against usury by first using the word usury. It is a small step. You do your bit and start using the word usury.
@@D-A-H8585 that's good of you, less good of you because you'd only do so to a 'traditional family' I'd say. But you haven't actually answered my question.
You may be Muslim and charging less but what does Islam as a system or institution provide that improves upon traditional banking. It's not a trick question I'm genuinely curious.
This seems like great news. I am almost done reaching my downpayment and I hope to get into the property ladder by the end of this year or the beginning of 2025!
Congrats, you may then be mortgage free by 2100 😂
@@monkeh86 I'm not on a race, I plan the long run. Life is not a sprint, for me is a marathon.
be helpful if we had data about HOUSEHOLD v's average income re mortgages.
Thank you for such clearly presented information.
First buy up the property, then slowly release them onto the market to control the supply. This will maintain the returns on your investment.