If You Want To Buy A House, Buy NOW
ฝัง
- เผยแพร่เมื่อ 8 มิ.ย. 2024
- Have you been waiting for just the right time to invest in property? Well, your time might have come.
Because there are 3 things that have happened in the last few months that caught my team’s attention.
And based on our years of investing experience, we think this could be the opportunity of the decade.
So in this video I am going to explain the 3 things we found and why this is potentially such an interesting opportunity.
Plus at the end I will explain how you can take advantage of it and why you need to act fast, because this window of opportunity may not stay open for long.
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Agreed, but 5 months ago was a bumper time to buy, especially with cash, once in a generation bargains, now people are catching on
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.
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!
Don't know how anyone can buy a house at this time. Unfortuantely credit and lending for property is just not a good time to borrow. Property prices are on a downward spiral which could last for years. Bottom line is interest rates for BOE will not fall again. Government borrowing out of control, inflation stuck where it is and more government money needed for public services. In 50 years I never seen Uk property market so bad.
Market specific. My market is still appreciating and so are many others.
@@ShameenYakubu I sold out all my houses summer 2023 thankfully. I look arround and many friends sellers I know haven't had a single viewing. So best of luck if you're wanting to sell. Auction selling is big risk now. Seems like torture while your wealth deteriates daily. I put my money now in SP500. I get a decent return on that
@@starsright4872 not looking to sell anything right now. Looking to accumulate more.
@@starsright4872 That's a very wise decision. People just don't realise yet that investing in UK housing is a very BAD decision now...
@@ShameenYakububullshit 😊
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.
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!
Houses are definitely starting to sell south east If they cut interest rates. Now is the right time to buy
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!
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.
@@stevep9221 thanks for your input, our offer on the 3rd house is successful and we are due to exchange end of May
Good stuff Rob
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.
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
What happens to your thesis if there is a huge banking crisis like in 2007 ?
New song fucken slaps! Also, thanks for making me laugh out loud on the subway 😤
It’s the other costs that are causing me concern, food, energy, council tax, car insurance and increasing interest rates.
Correct !!
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.
Im buying my first in 2024 mark my word
"Take advantage"! Sums up the entire housing market in England.
Time in market, generally more important than timing the market.
Within reason, buying at the wrong time and at the wrong price, can be devastating for some.
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.
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,
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??
What’s your view on flats in london in terms of forecast ?
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.
If rates drop he’s right, house prices will go up.
I totally agree with this. Buy now if you can.
Fool
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.
I been waiting for 20 years for house prices to drop enough for me to buy a property.
I look forward to reading you make the same comment in 20 years time.
Dos this apply to Sydney? I was offered 6.5% by CBA.
We are seeing biflation. Also Cantillion effect. Falling debt based assets like Houses.
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.
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.
A lot of the comments seem suspect to me, most likely friends and fake accounts to push their agenda and business. I really hope people take the "advice" with a pinch of salt. Imagine buying a house because a guy on TH-cam told you it was best to buy "NOW"
Who will be able to afford 2030 prices. Not many people that’s for sure!!
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.
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.
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...
@@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.
Prices are unsustainable without large wage growth, the latter is limited
well, if you want to pay a mortgage which costs more than your rent, then good luck buying now
We're in the crash
House are so undervalued.
lol
Cash in the bank is doing 5% with no risk. Better than being a landlord in some respects
Boom caused by what ? You point out risks only
The secret is, you don't need to own a house, you can rent and park your wealth into a better asset
Those are big statements...... I hope you're right, otherwise anyone listening to you, could be in hot water for a long time.
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!😊
Unwholesome focus on buy-to-rent property speculation. It should be BANNED.
😂😂😂😂 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 .
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.
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.
Oh man 😂😂
I bet this guy wants prices to go up so he can sell his house 🏠
Hahahahaa buyer be ware
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.
Cash n the bank does nothing??? I’m getting 7% tax free.
Which bank, how much is it capped at?
I’m guessing in a Stock and Shares ISA ?
@@T11CVV ‘The bank’ suggested otherwise, but maybe so.
Where does it pay 7% ??
Calling bs on that one
Realtors love to sell no matter what happens later they get a commission they are the only winners.
They will need to find a new job when nobody is buying
Buy now or be priced out forever
Never heard such a biased load of bullshit
You made a terrible prediction (which sadly convinced me) on interest rates. Hope others don't follow your guidance
When? I seem to remember a 2023 prediction of about 4% base rate but it sits closer to 5. Is this a material difference?
@@marcus.H 2021 predicting long term low rates with high goverment debt being a key reason
@@MrJeffHeadinterest rates were never going to stay low, were more likely to increase in the face of the huge amount of debt there is
@@MrJeffHead can't remember. I might have not been a subscriber at the time
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.
Please lose the annoying background sound, it makes it harder to hear your words.
Landlords are parasites, we need more rent controls and more secure tenancy agreements to deflate the property bubble
Please factor in Ukraine crisis! This is going to be a protracted war …. Will contribute toward a
Spiking inflation and affordability be further exacerbated
We NOT buying yet. Stop lying to us, please.
Just buy before rates go down and you’ll be fine
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
Absolute rubbish.
Buy now if you’re mental, like truly truly mental.
Sounds desperate to me