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With the impending financial crash, our beloved government and Brexit... I'm intrigued to know how many of you are looking at diversifying your investments outside of property?
Not me . Stick with property
Crashes come and go
Make more money in a crash anyway when people run scared and sell at a discount
If anyone one could pin point the top of the market or the bottom of a crash we would all be millionaires
Jonathan Clarke. http://www.buytoletmk.com
Hi Jason,1. Could you be so kind as to let me know where you bought your crystal ball from? 2. If there is a crash, that's the perfect time to BUY property.3. We have numerous discussions on this topic - some recent like this one .
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Landlords should never fear a crash unless you need to sell
If we get a crash Its the time to fill your boots
In my own limited experience every time we have had a crash I have doubled my business
If it were to happen I would just buy again
I strongly believe when you see the boom you have missed the time to buy
So I think its a good thing
in 2007 the NE market dropped by 50% at one point in my area I was the only landlord buying at eye watering yields that continue today
Crashes are Good if you have the cash for deposits
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
No I haven't sold any investment property
I just hold
My own reason is iF they have a good yield and rent well I wont sell
I have looked at it But for me its a firm NO
"Buy when they Cry" - as the saying goes...
Good to keep cash aside for those opportunities.
However Cash can be eroded with low interest and increasing inflation so you want to make sure your money isn't eroding in your bank account.
about 4 or 5 months ago I opened a US Dollar account at Metro bank and put all my surplus capital in there, until I need to use it. I'm glad I did as the the pound is in the toilet.
This keeps the cash available and liquid while benefitting from the weakening pound and strengthening dollar. When Brexit happens it could weaken more so this is an option that could be useful.
Maybe buy a little physical gold although I fear the price already too high?
I agree that any property crash will be a great buying opportunity!
What I do fear is a hard left government as this could do some real damage!
I agree with all the posters above. But to answer your question, rather than buying property now. I have money in: peer-to-peer, bonds, equities (funds and trackers) + some specific purchases with fantastic dividend yields & I also hold very small positions in crypto & some start-up companies, as I like to have some exposure to investments with massive upside. Recently I have added a significant chunk of Gold to the mix, this seems to have been a sensible move as in the last 3-4 months it has gone up 30%. It's a good counter to uncertainty...
I would still consider property, but I am struggling to find properties with the right yield, possibly due to limited supply. Personally I am interested in most investment assets. and whilst property is the big play, I like to manage my risk by holding monies elsewhere as well (my alternative to a low LTV)
How do you hedge against a breakdown in democracy?