Emerging Real Estate Crash in London, Fastest Pace Since Financial Crisis

Emerging Real Estate Crash in London – Fastest Pace Since Financial Crisis

Wall Street Silver’s post has brought attention to the latest information about London’s housing prices. A significant downturn in the real estate market is suggested, marking the fastest pace of decline since the financial crisis. The details of this situation have sparked a range of responses from users on social media, reflecting a diverse set of opinions and insights.

Recession? What Recession?

Source:https://t.co/LpWgBKWPQg pic.twitter.com/cZCqLWF2C0

— Wall Street Silver (@WallStreetSilv) January 18, 2024

User Reactions Translated into English:

1. IronDad: “My house is worth double what I paid for it 4 years ago. What does this indicate?”
2. Oddest History: “There’s a housing bubble in London, so it’s not a fair assessment. Already overpriced. Rest of the UK fell by 0.1%.”
3. Stefan Hyjek: “Prices would need to fall another £500,000 before I could afford it.”
4. floridanow1: “People don’t have money to buy homes. Same as in the US and Canada. Home prices are out of reach for the middle-income families.”
5. Guru Pundit: “Will 2024 turn out worse than 2008?”
6. MoSmith: “Is this trend also headed our way?”
7. I’m Fancy: “Last April, a London cab driver owning several homes insisted prices would never fall.”
8. William Brown: “Values are going down and rents are going up.”
9. raging bull 🚀: “Everything is fine!”
10. Naeto Furniture Hub: “Usually, it’s not good when the government intervenes in the market.”
11. Shivsagar_Dev: “Check this out.”
12. Elon Musk X: “Good news for those looking for a house.”
13. Tweet of the day /^v^: “26,000 pounds drop in 2 months. At this rate, value will be less than half in a few years.”
14. Marauder Magazine: “The recession that politicians gaslight the people about!”
15. Evans: “Nothing like a good laugh, right?!”
16. Chitra: “We’re doing it again this Sunday!”
17. F Lopez: “Is it due to economic reasons, security, or both?”
18. R3sist: “Definitely a good indicator.”
19. Big G: “Might have something to do with London’s new neighbors. LOL.”
20. AfterBurn23.xrp: “Now I understand why @wirexapp froze all assets.”
21. Joseph Boudreau: “After a rise of 26,000 pounds in the previous two months?”
22. Abraxas: “It’s a recession for the uber-rich. Do you have any idea how much a house in London costs?”
23. NOOR 🙄: “People don’t have money to buy homes. Out of reach for middle-income families.”
24. kay..allxorxnothingx: “Would any decent person or family really want to buy a house in London? It’s the worst.”
25. Top Cat: “‘Bout time???”