Video

That blockhead Russell Quirk was having a pop out you earlier Charlie on TalkTV saying there will ne no crash.

Nothing has been mentioned that the Home Report has firstly to be done. The Home Report will always provide a guided valuation of what the house is worth based on previous sales of similar properties etc. The house sale price should then be based on what your personal finances are if you are planning to move to a larger home that costs more, legal expenses etc. I have move 5 times and have always based my house sale price 10/15% above the home report valuation. The only time I have decided not to move was in 2008 when the property market crashed. I had my house for sale £220,000 approximately 2 weeks before the 2008 crash and had my house revalued that dropped to £180,000. %

we can't be having house prices dropping, how would our banks make money without all those overpriced 35 year mortgages?

​@craptacular8282 Thank you for your reply. I am pro charlie reaching the goal of a homefor everybody. Nobody has put more effort into achieving this noble goal than Charlie. Your point of 2 incomes being the new norm is a step in the right direction to returning house prices to the long term norm of utility value. It would remove a significant chunk of the investment value that is causing homelessness. When I bought by first home in 1985 the norm was 3x main earner and 1 x secondary earner. Therfore I paid a tad over the the utility value of my house and it was still affordable. All over the western world the investment element of house prices is being deflated out and transferred to rising crypto and gold even tech stocks particularly AI.We are now living in the post housing as an investment world. I read that uk house prices could reach Charlie's goal of Utility value (a home for everybody) simply by house prices rising by less than inflation for the next 50 years. This would definitely return house prices to their utility value. I joked with my 19 year old son and advised him to rent for 50 years then buy the real terms inflation adjusted bottom when he's 69 :) He will definitely be paying the utility value at that time during which the investment element of house prices will be fully transferred to gold crypto and AI stocks or any other trending investment other than housing.

Apparently Charlie is holding Butt-coin, well, if he will wear a flowery shirt what do you expect, LOL. Only he could make such a comment in the presence of our Stiggy-boy. And yes Charlie me luvvah you are correct in that there is a shift, but not just the UK, it is worldwide. As we go through this shift much of what we see is optics which most would just not believe. In a nutshell I am certain that there is a worldwide military sting op in play. Btw Charlie, something you say often I took on board; ''Choose your agent like your future depends on it, because it does.'' I interviewed 6 agents recently and the one I chose got me 2 offers from 2 pre market viewings and the top offer was what my home fetched (have had fall throughs) in September 2021, although I went for the lower offer as the highest one screamed ''fall through'' to me. 2022 and 2023 saw two other agents over value and under value respectively. So thank you for very much for sharing your very helpful wisdom. And welcome back to Blighty :) One final note; The Petrodollar will no longer be the official use in Saudi Arabia as of June 9th as I understand it 👀

Such high quality content. I don't hear these discussions on any Tv channel. Who else could have brought "butt coin" into the discussion? At 26:00 minutes Alex's green line was intriguing. I recognise myself doing everything I can to pay less interest by paying down my mortgages like my life depends on it. I want to take every scrap of wisdom from your analysis as I can because I recognise what an edge of gives us over headline readers. Keep up the good work.

I've always expected the continuing impact of 'working from home' to have an impact. It's only for a section of the population, but it's a significant one. For example, before COVID I'd spend £200 a week on rushing around visiting clients, now I video call them. That's £800-£1k I save every month that if I were younger I'd be spending on a mortgage. This will have an effect.

Could it also be equity release that is causing this spike? Combined with people who are maybe expecting even higher rates so rushing to get in now.

Its great what you are doing keep on keeping on 🫡

Charlie, have you seen the latest video from Pension Craft? He doesn't mention the housing market, but he discusses US debt and the possible repercussions of this (to the rest of the world).

I've got 3 ideas on why the economy seems so resilient this year. One is like what stig said. People know they cant really afford the standard of living they had before, but after cutting back for the second half of last year, theyre now going, screw it, i want to go out and so they're charging up their credit cards and worrying about it later.

She is our kitty.

I'm getting daily calls from agents asking if I'd like to see a property or am I still looking for a house to buy. We had this August to December last year when the market was absolutely dead. These calls stopped in January to April (the uptick on many of the charts in this video) but are back now. Also, the price reductions in properties I'm watching (SW London) are starting again. Q1 this year was a blip- a deadcat bounce if you will...

Lets be straight, Estate agents are liars, and dodgy. I met a friend outside a pizza place not seen him since school, 20 some years, did nothing at school, but had a nice Porche etc, secound time I met him after a few drinks he told me short story, he loves valuing the homes of older people that have lived there for a while because they are not so on the ball and not sure of true values, he under values it, then if he gets given the home to sell, doesnt even advertise it just sells on to a property developer, its an easy sale and on condition that once developed he then gets to put back on the books 2nd time round.

Charlie “don’t over pay”: has anyone watched the video he posted earlier in his CZcams career where he gets an employee - who is selling her house - to interview several estate agents so that they can get the highest price? Honestly, I used to like these guys but as the months have rolled by it’s clear the whole thing is a self-serving attention grabbing pump. None of it has ever proven correct. Hold on to the “slide” narrative all you like just own up to it you guys are just punters somewhat out of your depth with a keen interest, like hobbyists.

Is that question by Ranvir Singh THE Ranvir from Good Morning Britain? Very much worded like a journalist.

In a cost of living / housing crisis - which properties continue to sell? The higher end expensive ones. This pushes the average house price up.

Watching housing markets in the UK, Canada, USA and Australia, it's becoming clearer that individual income and retail mortgage rates are becoming less important in determining house prices. Corporate and pension fund investment money is replacing sole ownership money.

I find it a bit odd that you are surprised by the mortgage approval rises. I and a few others, have been saying that over the spring months there was a frenzy of people buying properties, certainly in my area and theirs, and houses were flying off the shelf like hotcakes during Feb/Mar/April this year, 2024. I'd not seen buying like it since the stamp duty change over covid when people went mad buying property. It's been like that up until a couple of weeks ago here this year. Last week I noticed a slow down in sales here again and also some houses that sold a long time ago seemingly, popping up again on the market this week. So god knows what is happening now. Hoping summer quietens things down as people will be preoccupied with their holidays.

When CBDC is first launched, will it come with a built in interest rate to encourage take up?

People are out probably because the weather has improved after 6 months of rain.

Bank landing may behave strangely the closer we get to 1st July 2025. That's when UK banks operate to Basel 3 balance sheet standards. EU banks move to Basel 3 on Jan 1st 2025.

One more thing that will not help gents, global shipping is 50% higher now than 1 month ago. I was shifting containers at $3000 in April and now it's $7000 predicted to stay until October. Massive effect on cost of goods at a time companies cannot increase prices like we did last time it spiked this time. For goods it could be a company killer, we are in that boat. Not good for workers.

I had my offer accepted yesterday! Asking 350k for a 4-bed detached near Manchester, accepted 330k, so we got some discount, phew! Not that many homes to chose from really and most vendors can wait, I do not see a crash on the horizon, mild correction, better buy if you can

If you're in Devon would love a 15 minute coffee! I'll pay of course.... as discussed previously I'm literally just out of 4 years with a large agent down here and I think it would be of interest and ammunition for your cause...

Declining working-age populations in many areas, more people relying on benefits, cutting back on clothes and household items, no incentive to work hard as everything is so high (rent, bills) that people think sod it, what’s the point. But then you have the people in good paying jobs, favourable housing circumstances splurging like this no tomorrow on new cars, holidays and dining out (maybe because we’re on the brink of war and they can feel it?).

Really decent property natter as ever, thanks to you both.

I know that bank lending is down, but surely their r.evenue must be up massively due to the interest rates having been increased on the loans. Banks create the principal for the loan from thin air, this is extinguished as the loan is payed back leaving them the interest as profit. So the banks are probably doing great, no need to make more loans and increased revenue. Feel free to correct me, this is just an idea

They will just put the flat prices up even more! Although it is good news! Before this news they had been put back up from the reduced price and only one sale ! This is in my chosen area, Cheam Village plus one mile. Thank you Charlie!

A 999 year lease will push up the price of apartments. That lease may cost 10 to 20 times more than a 99 year lease.

10:41 It says 43% of homes listed in 2023 had their asking price dropped by 5% or more.

charlie i think nominal 35% is off tge cards now. Real 35% is probably where we are going as inflation has done the heavy lifting already.

Totally agree,re downsizing and savings

Charlie,is it new mortgages or just people having to remortgage?

I'm 33 & doing very well, thanks in large part to my "Buttcoin." This might account for the increase in savings to some extent. ¯\_(ツ)_/¯ I sold almost 15 BTC in the last few months at cost base $19.6k, layering out from $40k all the way to $72.5k. Just a few questions from my bank when I withdrew GBP from my exchange to my current account LOL. I intend to buy back if we get a decent correction.

I can see a rate cut coming in June. Got two emails this week from 2 of my savings accounts saying the interest rate was being cut 0.2% and a colleague got a similar email from a third bank confirming the same. That is 3 separate banks reducing savings interest. This is the reverse of when rates were going up. IN advance of more rate rises, the banks would email and confirm rising savings rates prior to the BOE confirming rate rises. Might be wrong but it does fee like there is a sea change about now. Not for one minute do I think that is going to help anyone with debt that much as the improvement in financial conditions will be slow but possibly steady. We are still all goobered though for the 2024. 2025 will actually feel better when the lag impact of these changes push through.

Charlie. I do think that people will just overpay just to get a home. I am thinking of more or people psychology of fear of missing out when they are told they can just get a mortgage over a longer term and if they wait prices will explode and then they will be fucked. This is not my view, but the stress of looking for a property whilst being constantly harrassed/influenced by family and media etc that if I wait I'll miss the boat and my money will be worthless.

Charlie, the only reason people comment on your "expectation" is because you bash on about it all the time despite all the evidence to the contrary. You appear to have finally come to the realisation that the high inflation we have experienced makes significant nominal falls much less likely. Rather than pivoting your argument to, the albeit more sensible, "talking about averages is pointless" it is time to put your hand up and admit your "expectation" is not going to come to pass in this pricing cycle.

Gutfeelometer? Love than channel.