Sorry but I had to laugh at this post from Andrew Oxlade of Thisismoney.The poor lad was one of the journalists who had bigged up the property crash and had banged on that the only shrewd move was into rented accommodation to profit from the impending drastic fall in values.
Now he's been sat in rented property for a couple of years feeling rather frustrated and displaced, as well as lighter in the pocket after handing out rent to the landlord only to give up on the idea and buy into the property market again.
These 'renting property speculators' tend to offload abuse on property investors ( just visit the forums of Housepricecrash) and yet in many ways they are equally opportunistic in their game plan.
Well Andrew, a thought for you before your complete on your house purchase, looking at the current economy don't you think the big crash is just around the corner?
I mean imagine, you finally move in after putting up in rented for all that time, just to see your home plummet in value by a quarter.
Are you sure its a shrewd financial move to buy now?
You see I'm not so sure..................
See all the property price speculation
BTL mortgage search tool - whole market
No comments:
Post a Comment