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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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13279534 No.13279534 [Reply] [Original]

Why

>> No.13279577

>>13279534
That's exactly BTC curve from 2 to 4 april

>> No.13279593

>>13279534
Because 90% of countries are shit, if you live in one of those countries and can afford a house in the UK, that's the easiest way out.

>> No.13279604

They print money and inflate asset prices

>> No.13279678

DO YOU KNOW WHAT INFLATION IS?

>> No.13279700

>>13279678
Do you know how to read a chart, you fucking mouthbreathing idiot?

>> No.13279702
File: 106 KB, 378x485, 1495006574005.jpg [View same] [iqdb] [saucenao] [google]
13279702

>>13279534
Actually london property has been on decline for 3 years, both nominal and real terms. despite wealthy arabs and russians flooding the high end market

>> No.13279711
File: 31 KB, 515x322, ahprc_uk_ldn.png [View same] [iqdb] [saucenao] [google]
13279711

>> No.13279718

>>13279702
yo, but did people start making more?
I doubt.
I bet they have to much unused properties these days, running low on cash.

>> No.13279800

population
city migration

>> No.13279817
File: 213 KB, 612x1060, Boom Boom Boom.png [View same] [iqdb] [saucenao] [google]
13279817

>>13279534
I warned you cryptofag zoomers.

>> No.13279937
File: 51 KB, 480x677, 1554838982789.jpg [View same] [iqdb] [saucenao] [google]
13279937

The London property space is hideously overpriced as a result of speculative investment on the back of wealthy people buying boltholes, and disproportionate growth in the financial sector of London due to being the financial centre of the world for much of the post-08 period (both being separated from the volatile but largest economic conglomerate in the world, the EU, and being the main link between that and the US, and ME for historical reasons, with the additional insulation of a fiat currency without the exposure of the euro / dollar) created a boom in London property which spilled out into not just high end but all London property.

This has compounded and been compounded by a cheap credit market, and restrictive housing building regulations (NIMBY madness, muh Green Belt, et cetera). It has also created a perception that London property is a safe and reliable investment, and is further exaggerated by the fact that the UKs economy is effectively running on inflated housing prices. Most people here see their mortgage as their primary investment. Their other investments (pensions, workplace or personal) are in financial products which are legally obliged to invest 'safely' in low risk low reward things like...
Mortgages.

So if any UK government let's the house price fall by 1%you bet they are out of office IMMEDIATELY. (Poor people in state housing don't vote much, young people who benefit from cheap housing don't vote).