A Prediction
#21
(10-12-2021, 08:33 PM)Kit Kat Chunky Wrote: It's inflation, interest rate rises and recession.

Anyone holding property as an investment should sell now (personal opinion). The whole lot will crash. 2008 will look like a Teddy Bears picnic.

Why? Unless you've bought at the top of the market or over extended yourself then it will eventually regain and increase in value. It has since 2008. Plus, there looks like being no shortage of tenants for the foreseeable future.
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#22
(10-14-2021, 12:18 AM)Squid Wrote:
(10-12-2021, 08:33 PM)Kit Kat Chunky Wrote: It's inflation, interest rate rises and recession.

Anyone holding property as an investment should sell now (personal opinion). The whole lot will crash. 2008 will look like a Teddy Bears picnic.

Why? Unless you've bought at the top of the market or over extended yourself then it will eventually regain and increase in value. It has since 2008. Plus, there looks like being no shortage of tenants for the foreseeable future.

New letting stock is ridiculously low. Rents are through the roof.

(10-14-2021, 08:16 AM)Baggybenny Wrote: Gold was your god.  Have you lost faith in that along with bozo

Nope. Diversification is a good thing, particularly in real assets.

Inflation is good for gold, it's also good for reducing the real value of housing debt.
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#23
Gold was your god.  Have you lost faith in that along with bozo
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#24
(10-14-2021, 12:18 AM)Squid Wrote:
(10-12-2021, 08:33 PM)Kit Kat Chunky Wrote: It's inflation, interest rate rises and recession.

Anyone holding property as an investment should sell now (personal opinion). The whole lot will crash. 2008 will look like a Teddy Bears picnic.

Why? Unless you've bought at the top of the market or over extended yourself then it will eventually regain and increase in value. It has since 2008. Plus, there looks like being no shortage of tenants for the foreseeable future.
It depends on the terms of your loan. If you are in consumer BTL territory then a 5 year fixed rate and decent yields still looks attractive. 

In the event of a recession though, the banks will be looking to be liquid whilst they assess the extent of their losses. If your loan agreement has a loan to value revaluation covenant you could see the lenders invoking these, and either accelerating repayments, or asking for debt reduction if the covenant is breached.
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