UK House prices Drop the Most Since 2009.

#mortgage #interestrates #debt #economy

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Today we will look at UK house prices why I think they will continue to drop and how house prices are inversely related to mortgage rates and interest rates in general.

We will also reference The Price of Time by Edward Chancellor in order to understand how the financial environment of the last fifteen years has been anything but normal.

The era of zero and even negative interest rates might be now a thing of the past but its hugely detrimental impacts on asset prices and the economy are just starting to be felt in my opinion.

[nickupton]

It is astonishing that we still get invitations for the medical procedure in spite of the dreadful death statistics and the number of people suffering. .

[peterfinn]

Nationwide did not pay up on house insurance, I had a flood during lockdown and had 5 excuses why they won't honer the contract, corruption and I can prove it, thanks Mario and God help us to help ourselves.

[calderparkzoo]

Morning Mario, enjoyed the double feature, morning and night show, yesterday, your working your socks off for us, thanks. 😊

[donaldwatson]

In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.

[Scoobyism]

It makes sense. People can’t afford the new mortgage rate and have to sell

[fullofhope]

Im still surprised at the amount of new houses being built here in N Ireland - I remember the last time. Those half build homes laid desolate for a decade - Here we go again?

[alainroy]

The dollar makes one last effort to keep shining, only to fade and collapse on itself. A stellar-mass black hole

[rjdebruyn]

If the actual supply of silver is in fact getting lower throughout the world, why isn’t the price increasing? How can the price of a commodity in low supply be manipulated even lower? It makes no sense. Is silver actually in low supply? Or are there private industry huge stockpiles? Perhaps those industries that use a lot of silver are not currently demanding as much due to the manufacturing slow down throughout the world? If far less solar panels or circuit boards are being manufactured compared to a few years ago then perhaps the price simply cannot go higher for now. Unless miners cut supply much in an analogous manner to oil producers then higher prices are unsustainable. Unfortunately I suspect miners cannot afford to play that game and purposely curtail production to the same extent as oil producers.

[johnjeffries]

Great video thank you. Central banks and free money " low rates" has now screwed us all.

[CarlJones]

House prices fall, but factor in real inflation, and house prices are falling off a cliff.

[truffleturkey]

In the US, housing prices are holding up and in many cases rising for now. The number of houses on the market is very low. People’s fixed low 30 year rate now appears to be an asset. Relatively speaking, not many wanting to sell their homes and lose their very low fixed interest rate just to purchase another home at the high cost and interest rates. Difference in having a 30 year fixed rate vs. having to refinance every 5 years.

[catfishcustoms]

Good morning my friend and monetary educator from across the pond, I hope you are healing up well from the surgery.

[paulbunyon]

The paper gold and silver market is selling off, very few people are selling physical metal, its a good time to buy up more while you can.

[timbrooks]

Metals/Gold is also being hit hard, good time to sit on your cash for a while :)

[innerdinosaur]

Hello Mario hello everyone and a big hiyah for Rudy bless him 🦖✌️

[mattheumattheu]

Falling house prices is surely not bad news ? It's great news for the tax payers

[peterbedford]

Adjustable rate mortgage is tough right now.

[peterbrunsgaard]

Belated good morning Mario, Rudy, and everyone! ☕️☀️

[kerrywills]

I bought the book but it looks daunting. 😬I used to read tons. I will start today. Thank you Mario. I appreciate you more than any other podcast

[joerock]

We added another 52 oz Ag and 1oz Au at the manipulated price lows per oz.🤷‍♀️🤷‍♂️ we always buy these dips would never think of selling on the dip, mabe the paper if we had it.