I'm referring to a significant move from UK ownership to overseas ownership of property, and that's commercial and residential property. Not really about the merits of investing in property. I was also pointing out that an investment in property from overseas buyers doesn't actually have any real productive benefit for the economy and in fact acts as a diversion of resources out of the economy as rents are paid by UK occupiers to overseas landlords.

In terms of market dynamics you need to consider the demand side of the equation, but also supply leaving housing stock in addition to new housing.

As to whether it's a good idea it depends on how long you intend to hold the asset and the level of income it generates, not simply what happens to capital value over time.

No you're not! Value must be lower than outstanding debt to be in negative equity.

I have just seen HtG post about Jeremy Corbyn having his face tattood on N's arse so that must be the one you mean.

So that has made you change your voting intention?

In that economic climate, many would have problems meeting their mortgage payments due to employement becoming harder to find and would have to downsize. Taking your example, you could sell at £275k and buy a place for £250k paying off the £25k owed and having a smaller mortgage.

A property correction in the UK is overdue and when Sterling strengthens by another 5-10% over the next 12-24month months many overseas buyers who bought last year will be selling up to bank their profits pushing prices lower.

Edited by europalace (21 Apr 2017 4.10pm)

and in the one succinct post you have the difference between an ideology and the real world...I have no doubt though that there is some solution...but it would take years...perhaps decades to address.

The Voice of Reason In An Otherwise Mediocre World

Hahaha!

I should probably actually admit that I haven't changed my mind in that I have decided how I will vote. Just that the stance I thought I might take has a different angle to it (I realise my past postings on this forum make it just sound like I am talking about sex positions).

There's some campaigning to take place first though. It'd possibly be naive to put my eggs in a party basket right now when I haven't heard what they've got to say. That said, party politics might be more relevant this time around for reasons other posters have previously stated. I.e.: the pressure it puts on Theresa May to attempt to deliver Brexit a certain way.