If You Want To Buy A House, Buy NOW

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  • เผยแพร่เมื่อ 23 ธ.ค. 2024

ความคิดเห็น • 134

  • @PropertyHubUK
    @PropertyHubUK  8 หลายเดือนก่อน

    Our free property tools to make better investments: propertyhub.net/youtube/

    • @shinytinhead
      @shinytinhead 8 หลายเดือนก่อน

      Agreed, but 5 months ago was a bumper time to buy, especially with cash, once in a generation bargains, now people are catching on

  • @aacmove
    @aacmove 7 หลายเดือนก่อน +8

    "Take advantage"! Sums up the entire housing market in England.

  • @JohnBowman-ut4dz
    @JohnBowman-ut4dz 8 หลายเดือนก่อน +13

    Hi I must admit I do agree with you the only thing you didn't mention is that the building costs have gone through the roof which is probably one of the reasons the house prices have not changed much.i also agree that the house market will start going up again with a new government because that's will stabilise the market. people are going to get used to the interest rate being about five percent (where it historically should be) and the markets will rise again.the rental market is being changed by the government to promote big corporate landlords and get rid of the small landlords to try to improve rental standards but to achieve this rent's will have to increase substantialy to achieve a profit for sher holder's.

  • @davidhaylett1810
    @davidhaylett1810 4 หลายเดือนก่อน +3

    The only thing that matters is whether you can afford to buy or not if it’s going to be a long term home. If interest rates are high prices fall a few % and if they fall prices rise. So either way you pay either a higher price or higher rate of interest.
    Timing the market for speculation often doesn’t pay off. A bigger question is whether you should live in the U.K. at all. I can’t help feeling like I’m living on the titanic and going down so I’m selling up and heading for the exit.

  • @bhillson
    @bhillson 8 หลายเดือนก่อน +9

    I’ve tried to buy 2 houses over the last 5 months and have been out bid (Scotland) both times, this is for a family home, we have sold our property and have money ready to move. Just put in an offer on house 3, hopefully this one goes through!

    • @stevep9221
      @stevep9221 8 หลายเดือนก่อน

      Oh really. Then you will never be rich and have been fooled by smooth talking salesman. Do a search and see what clever people are paying for houses.

    • @bhillson
      @bhillson 8 หลายเดือนก่อน

      @@stevep9221 thanks for your input, our offer on the 3rd house is successful and we are due to exchange end of May

    • @anilneupane9743
      @anilneupane9743 3 หลายเดือนก่อน +1

      ​@stevep9221 it is very different system in Scotland. Nothing to do with sales man tactics. Seller do home report which has valuation on it. All buyer need to put offer through their own solicitor.
      In good areas, bid goes over 30% of valuation price.
      Everything is open to buyer except offer figure of other competitive buyers.
      I have lost 2 times as well in bid.
      Guide price on listing is just a low nunber to invite maximum nunber of bidders. Valuation is number to look and decide how much over you want to go.
      Very different than left of UK.

    • @anilneupane9743
      @anilneupane9743 3 หลายเดือนก่อน

      I have lost 2 times as well in Scotland. 😂

  • @thebee6142
    @thebee6142 8 หลายเดือนก่อน +20

    No one can afford these houses now and if you do buy you’ll be in big debt. I’m pointing at the young starting out the old are keeping this housing market up for now.

    • @johnpaul455
      @johnpaul455 4 หลายเดือนก่อน

      They have no money… but the mid to late 40s are better paid now than since any time in the 90s, don’t let the GB news fool you… more 30s-40s can afford substantial investment cos their parents died and their wages are being measured by the bank at a minimum of 4.5 x!

  • @kubhlaikhan2015
    @kubhlaikhan2015 8 หลายเดือนก่อน +14

    Unwholesome focus on buy-to-rent property speculation. It should be BANNED.

  • @dewaard3301
    @dewaard3301 8 หลายเดือนก่อน +4

    Time in market, generally more important than timing the market.

    • @nsoul4296
      @nsoul4296 8 หลายเดือนก่อน

      Within reason, buying at the wrong time and at the wrong price, can be devastating for some.

  • @stephen6262
    @stephen6262 8 หลายเดือนก่อน +7

    Houses are definitely starting to sell south east If they cut interest rates. Now is the right time to buy

    • @johnpaul455
      @johnpaul455 4 หลายเดือนก่อน

      I’ve seen it too down South. Bought a place nicely but the same price comparative, were ridiculously priced for what they were. They are being told by the agents they can get that cos of incoming mortgage deals!

  • @blahbleh5671
    @blahbleh5671 5 หลายเดือนก่อน +5

    Don't listen to guys like this. No one can predict the future.

  • @CorTec
    @CorTec 7 หลายเดือนก่อน +2

    What happens to your thesis if there is a huge banking crisis like in 2007 ?

  • @mattkimber4931
    @mattkimber4931 8 หลายเดือนก่อน +5

    Wasn't it Property Hub that's been hailing the great Fred Harrison and his 18 year property cycle? According to him, for the next few years, property is a terrible gamble until prices hit the bottom of the cycle.

  • @3minutesofglory700
    @3minutesofglory700 7 หลายเดือนก่อน +1

    buying when covid happened in march 2020 in Australia was the best decision i ever made. especially when you know at every crisis is an inflation opportunity govt will never pass up on, in a lot of ways, the crisis is drummed up to make it look worse than it really is to justify the high spending, which ironically ppl fail to acknowledge during the fearing campaign....buy when ppl are fearing, sell when ppl are greedy!

  • @bremember
    @bremember 8 หลายเดือนก่อน +1

    It’s the other costs that are causing me concern, food, energy, council tax, car insurance and increasing interest rates.

  • @marky9117
    @marky9117 8 หลายเดือนก่อน +4

    Hang on! If we shouldn’t wait until 2026 or after to buy, because banks will be reluctant to lend, what happens if we buy now on a 2yr tie in? We’d still need access to funds in 2026. 🤔
    Plus if we buy now and things drop, we’ll have lost a chunk of our deposit on paper, so will have to stump up more to refinance on a property that has dropped. Not good.

  • @matthewbray5024
    @matthewbray5024 8 หลายเดือนก่อน +4

    I totally agree with this. Buy now if you can.

    • @2xjsf83f2
      @2xjsf83f2 7 หลายเดือนก่อน +5

      Fool

    • @uk145
      @uk145 3 หลายเดือนก่อน

      always better to have bought yesterday...

  • @bb1457
    @bb1457 8 หลายเดือนก่อน +5

    This is not simple. Buying a home to live in is great if the place is nice and you can afford it. Buying to make a profit is different. Renting is now cheaper than owning and doubly so if house prices continue to drift down. The jobs market is going the wrong way. Mortgage defaults are rising steadily. Only forebearance is keeping this off the headlines. Some houses bought in the feeding frenzy of a few years ago are coming back on at lower prices. Many others are on sale at the same or higher prices with no takers.

    • @dennyfie
      @dennyfie 7 หลายเดือนก่อน

      I'm in a great neighborhood we can't even get showings,but junk houses in Toledo sell in a couple days even minutes. My house 20 years old for asking price of 275,000 can't even get a showing after the first week of listing,but a run down home for 160,000 in not so good of neighborhoods they're gone in minutes. Mostly investors they have a strangle hold on the housing market my hood investors don't buy because of the HOA. THE HOA AND PROPERTY TAX ARE KILLING OUR HOMES VALUES,

  • @mat-ur6qb
    @mat-ur6qb 8 หลายเดือนก่อน +3

    Great video, nailed down so many good points. That will be an episode to come back to in a few years and be proud Rob!

  • @quinndevelopments
    @quinndevelopments 8 หลายเดือนก่อน +1

    Good stuff Rob

  • @iknowineedausername
    @iknowineedausername 8 หลายเดือนก่อน

    What’s your view on flats in london in terms of forecast ?

    • @joey-pn3xe
      @joey-pn3xe 8 หลายเดือนก่อน

      That’s such a broad question. Here’s an answer. In 20 years time you can almost guarantee it’ll be double what it’s worth now.

  • @jamphellhamo5287
    @jamphellhamo5287 7 หลายเดือนก่อน

    Hi, I am first time buyer house. Can you please suggest is it ok to buy a good old house may be like around 75 years old house. Will I get the good amount if later anytime to sell. What to look for when buying. Thank you

  • @chris77777777ify
    @chris77777777ify 8 หลายเดือนก่อน +1

    If rates drop he’s right, house prices will go up.

  • @movingaway
    @movingaway หลายเดือนก่อน

    Good tips here for sure.

  • @midlifecarsis6420
    @midlifecarsis6420 8 หลายเดือนก่อน +2

    It's pretty obvious what's going to go off over the next couple of years. A drawn out recession will see the base rate come back down to the BoE target of 2%, putting residential mortgage rates in the 3-4% range. This will spark house price increases in most areas, likely around 10-15% to catch up somewhat to inflation. As you say, right now is the time to buy and on a two year fixed term.
    The average long term homeowner doesn't really need to care about short term noise. The only thing you need to be concerned about is being in negative equity at mortgage renewal, which can be mitigated with a decent deposit.

    • @SycAamore
      @SycAamore 7 หลายเดือนก่อน +1

      Are you telling me a 3 bedroom damp shoebox will cost £1mil in 10 years? If that happens, we will have bigger issues than that...

    • @midlifecarsis6420
      @midlifecarsis6420 7 หลายเดือนก่อน

      @@SycAamore in London, that's already a reality. There are many houses that were bought by our grandparents in the tens of thousands that are now worth millions. I'm not sure what you're struggling understand.

  • @hpatel5714
    @hpatel5714 8 หลายเดือนก่อน +1

    I been waiting for 20 years for house prices to drop enough for me to buy a property.

    • @joey-pn3xe
      @joey-pn3xe 8 หลายเดือนก่อน +2

      I look forward to reading you make the same comment in 20 years time.

  • @tj9382
    @tj9382 3 หลายเดือนก่อน

    I can’t conceive of another boom for many years simply because people don’t have the means to pay. They can offer better longer terms and mortgage rates can fall, but this is unlikely to be at the same level as the pandemic. The market could driven by investors but the bottom has fallen out rentals so there’s not much to be had there either.

  • @steriospeaker
    @steriospeaker 8 หลายเดือนก่อน

    With regard to the 18 year cycle, and the prediction of a peak in 2026 - what could be a possible source of a crash after that? Surely the Government can’t do much more to make property investing less appealing than they already have.

  • @alibaba32
    @alibaba32 8 หลายเดือนก่อน +1

    Prices are using because of inflation and salaries are failing behind to catch up. What about Brexit? What about cost of material that has increased??

  • @Jonnyicey
    @Jonnyicey 5 หลายเดือนก่อน +1

    We still havent felt the full effects of the interest rises yet... The market will be stagnant for a while.

  • @coolmonkey619
    @coolmonkey619 8 หลายเดือนก่อน +4

    Im buying my first in 2024 mark my word

    • @Manos-de-Piedra
      @Manos-de-Piedra 2 หลายเดือนก่อน

      Have you bought?

    • @coolmonkey619
      @coolmonkey619 2 หลายเดือนก่อน

      @@Manos-de-Piedra you bet I did

    • @Manos-de-Piedra
      @Manos-de-Piedra 2 หลายเดือนก่อน

      @@coolmonkey619 how long do you think you’ll stay there, I’m also in my first property but moved in in 2018

  • @davet2429
    @davet2429 5 หลายเดือนก่อน +2

    I better go out and buy a tent because I can't afford a house now and never will in 2030, this country is a disgrace.

  • @dlc2479
    @dlc2479 8 หลายเดือนก่อน +4

    Why are you so confident that the reductions are ending? It sounds like you're saying that because prices have come down that they won't continue to go down which doesn't make sense.
    We still have 2 more cohorts of people to cycle off of ultra low interest rates in properties they over paid for, residential owners and btl investors included.
    Also not investing in property =/= not investing at all. It's irresponsible to encourage ppl to keep buyimg when the costs of ownership sky rocket. This is fine for large players but disatrous for newbies.

  • @kynchan3332
    @kynchan3332 7 หลายเดือนก่อน

    2016 I took a massive bet. Sold property and put it on btc and copper equities. Both did well, btc did extremely well. Friends said buying btc was for the fruit cakes.

  • @DowntownR
    @DowntownR 8 หลายเดือนก่อน

    We are seeing biflation. Also Cantillion effect. Falling debt based assets like Houses.

  • @stokesbay2152
    @stokesbay2152 8 หลายเดือนก่อน +1

    Good luck refinancing your debt. Despite the promise of rate cuts, long term rates are still rising because debt continues to rise. Mortgages, auto, credit card, student loans and now people even buy every day goods on monthly instalments. We are reliant on people for ever indebting themselves to ever greater levels to keep the economy from crashing. Or at least those who have a property portfolio are!😊

  • @stevep9221
    @stevep9221 8 หลายเดือนก่อน +4

    Claims to be an expert but ignoring every fact and doing zero due diligence on the truth. This is a sham and look at what really is happening to house prices. The ONS HPI is leaving out 80% of all sales they could include. It is a fact so do not believe those that have zero knowledge of the market. Please do you own due diligence by looking at your postcode on the price paid data base from Land Registry and then decide yourself if you are dealing with an expert or someone that is trying to get you to pay trillions more for your houses than you need to. The ONS should be investigated for false accounting. They say a calendar year contains 13 months. Apr23 to Apr 24 is 13 months but they will say it is a year. There has been a lot of dishonesty in house sales to prop up the house market.

  • @michaelmallal9101
    @michaelmallal9101 8 หลายเดือนก่อน

    Dos this apply to Sydney? I was offered 6.5% by CBA.

  • @notoco1199
    @notoco1199 7 หลายเดือนก่อน +1

    No 👎 there was one time when I've seen so many houses for sale in Edinburgh and that was in 2006. I drive through town centre every day when you see half of properties that cost over the 1mln listed u for sale on one street you know that wealthy people get advised to sell them. Maybe not crash but good correction is coming.

  • @camerawatchuk
    @camerawatchuk 8 หลายเดือนก่อน

    Correct !!

  • @AlyAlyAlyAlyAly
    @AlyAlyAlyAlyAly 8 หลายเดือนก่อน

    New song fucken slaps! Also, thanks for making me laugh out loud on the subway 😤

  • @DowntownR
    @DowntownR 7 หลายเดือนก่อน

    Prices are unsustainable without large wage growth, the latter is limited

  • @AWEngineerGB
    @AWEngineerGB 7 หลายเดือนก่อน

    Covid made the gov' provide huge sums of money which mostly went to the rich, even indirectly. Rich accumulated stacks of savings buying stocks and assets. Asset holders were mainly the gov' and middle class property owners. This asset grab superheated property prices and drove consumer spending and inflation. Which raised interest on debt.

  • @TF-cn6oj
    @TF-cn6oj 6 หลายเดือนก่อน +1

    The secret is, you don't need to own a house, you can rent and park your wealth into a better asset

    • @davidkirkby71
      @davidkirkby71 5 หลายเดือนก่อน

      Best but rents are higher than mortgages

  • @paxundpeace9970
    @paxundpeace9970 5 หลายเดือนก่อน

    Supply stays constricted and this will push prices up further. Land is very short and high rates limit new construction.
    Prices will rise. Picking up a loan now might pay off in a few years when rates are getting lower.
    Still supply is extremly short even in the long term so no crash till 2035.

  • @metamorphosis8813
    @metamorphosis8813 8 หลายเดือนก่อน +5

    well, if you want to pay a mortgage which costs more than your rent, then good luck buying now

  • @johnpaul455
    @johnpaul455 4 หลายเดือนก่อน

    We haven’t just seen a bubble… we have seen real time inflation and interest rates reflected in activity… you are seeing the bottom end of the most ridiculous UK property “actual” bubble this country has ever seen!

  • @sanjayshah7776
    @sanjayshah7776 8 หลายเดือนก่อน +3

    Those are big statements...... I hope you're right, otherwise anyone listening to you, could be in hot water for a long time.

  • @spencer2721
    @spencer2721 8 หลายเดือนก่อน +5

    Never heard such a biased load of bullshit

  • @DowntownR
    @DowntownR 7 หลายเดือนก่อน

    Cash in the bank is doing 5% with no risk. Better than being a landlord in some respects

  • @sarwarkhan1185
    @sarwarkhan1185 8 หลายเดือนก่อน

    😂😂😂😂 honestly I plan not to and their is a great reason why . I would invest all my savings and then get paid to enjoy my life traveling and farm land overseas .

  • @CatalinTilimpea
    @CatalinTilimpea 2 หลายเดือนก่อน

    Do you have any conflicts of interest you may wish to mention?

  • @dumitrupreda6161
    @dumitrupreda6161 8 หลายเดือนก่อน +3

    Oh man 😂😂
    I bet this guy wants prices to go up so he can sell his house 🏠

  • @DowntownR
    @DowntownR 8 หลายเดือนก่อน

    Boom caused by what ? You point out risks only

  • @MrJeffHead
    @MrJeffHead 8 หลายเดือนก่อน +61

    You made a terrible prediction (which sadly convinced me) on interest rates. Hope others don't follow your guidance

    • @marcus.H
      @marcus.H 8 หลายเดือนก่อน +2

      When? I seem to remember a 2023 prediction of about 4% base rate but it sits closer to 5. Is this a material difference?

    • @MrJeffHead
      @MrJeffHead 8 หลายเดือนก่อน +9

      @@marcus.H 2021 predicting long term low rates with high goverment debt being a key reason

    • @DH-tv8qy
      @DH-tv8qy 8 หลายเดือนก่อน

      @@MrJeffHeadinterest rates were never going to stay low, were more likely to increase in the face of the huge amount of debt there is

    • @marcus.H
      @marcus.H 8 หลายเดือนก่อน

      @@MrJeffHead can't remember. I might have not been a subscriber at the time

    • @mattw2295
      @mattw2295 8 หลายเดือนก่อน +39

      Seems a bit harsh being bitter following someone's prediction.
      It's hard taking responsibility for a mistake but it's your money and your decision, nobody has a crystal ball.

  • @robmthe1st
    @robmthe1st 6 หลายเดือนก่อน

    Who will be able to afford 2030 prices. Not many people that’s for sure!!

  • @dukebadboy
    @dukebadboy 7 หลายเดือนก่อน

    We're in the crash
    House are so undervalued.

    • @gfseoefjsfow
      @gfseoefjsfow 6 หลายเดือนก่อน +1

      lol

    • @davidholgate123
      @davidholgate123 5 หลายเดือนก่อน

      We have nearly a net of 1 million people pouring into our country each year with a massive house shortage as a result... We aren't going to see a house price crash.

  • @JuliusFawcett
    @JuliusFawcett 8 หลายเดือนก่อน +6

    Landlords are parasites, we need more rent controls and more secure tenancy agreements to deflate the property bubble

  • @AWEngineerGB
    @AWEngineerGB 7 หลายเดือนก่อน

    Higher mortgage costs encouraged many lower earners to sell property which the rich grabbed with a discount. Accumulated wealth from covid mainly stayed with the rich and inflation on goods and services (CPI) actually fell as asset prices on property now saw record inflation, this not part of CPI calc'. Goods and service sales r now driven by middle earners who probably offloaded property for capital. The rich have increased their wealth with assets not goods. Young people who needed family wealth to get onto the ladder now likely won't get that help as the farm has been sold.

  • @chrissharkey9644
    @chrissharkey9644 5 หลายเดือนก่อน +1

    No this is coming down big again like in 2008

  • @rayecheverria5919
    @rayecheverria5919 8 หลายเดือนก่อน

    Realtors love to sell no matter what happens later they get a commission they are the only winners.

    • @mrxiong2567
      @mrxiong2567 8 หลายเดือนก่อน

      They will need to find a new job when nobody is buying

  • @motigeen4951
    @motigeen4951 8 หลายเดือนก่อน +4

    What a rubbish opinion, this guy assuming everyone have sitting money in their account, in reality majority don’t even have enough for the deposit, no salary increase while expenses are steadily up, you should say best time to buy for the privilege

  • @salmakuraishy6569
    @salmakuraishy6569 3 หลายเดือนก่อน

    Price of my property has gone up so why shouldn't I sell now. I might be dead by 2030.

  • @mrxiong2567
    @mrxiong2567 8 หลายเดือนก่อน

    Buy now or be priced out forever

  • @TaliBradley
    @TaliBradley 8 หลายเดือนก่อน

    Please lose the annoying background sound, it makes it harder to hear your words.

  • @2xjsf83f2
    @2xjsf83f2 7 หลายเดือนก่อน +1

    Hahahahaa buyer be ware

  • @mrxiong2567
    @mrxiong2567 8 หลายเดือนก่อน +5

    We NOT buying yet. Stop lying to us, please.

    • @MomoGetsMoney
      @MomoGetsMoney 8 หลายเดือนก่อน

      Just buy before rates go down and you’ll be fine

  • @humanbeing6933
    @humanbeing6933 5 หลายเดือนก่อน

    There’s a further crash coming .. hold off imo

  • @mazizafar6382
    @mazizafar6382 4 หลายเดือนก่อน

    Nonsense. No such thing is happening in Edinburgh.

  • @englishenluque
    @englishenluque 8 หลายเดือนก่อน +1

    Absolute rubbish.

  • @alibaba32
    @alibaba32 8 หลายเดือนก่อน +1

    Please factor in Ukraine crisis! This is going to be a protracted war …. Will contribute toward a
    Spiking inflation and affordability be further exacerbated