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  • Property-a-holics

    Crashing out of EU good for property market?

    That may be the temporary perception, but it is flapdoodle.

    Since 1780 France has had about 5 or 6 republics, 3 Empires, an occupation, Vichy, God knows how many groups trying to burn Paris down, and heaven knows what else.

    What has the UK had? Er ...the abdication of one king, and a lot of peaceful reform.

    Once we are through, and the establishment has accepted that access to the villas in Tuscany and Provence is a bit more difficult, we can move forward.

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    Most immigrants are working tenants why would any landlord want there to be less competition to rent their homes????
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    As usual DL, super post.

    I am completely on the same page as you on this.   I started buying in 2006 and when reading the BTL bible thought he was nuts espousing 10% yields.     6% was good, 7% amazing.

    Then the crash happened.  I've built most of my portfolio since, all 9.5% plus, most 10% + yields.

    I don't fear Brexit, i'm paying down debt and still buying as still opportunities.  The ripple has just moved 10 miles.  I think Brexit may supercharge these opoortunities.

    As you've alluded to, BREXIT is not the biggest threat to this country and us property investors in particular.  Corbyn is.

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    Brexit is the least of your problems. Many still have their heads in the sand failing to see what is upon us. Recession has started world wide regardless of what you are told. Governments now fear a economic collapse but will never admit to it. This is going to be long and hard, with many losing their jobs, homes and pensions. Soup kitchens and food banks will spring up in many streets across the UK. All those leveraged on rentals will face foreclosure as tenants will no longer have jobs to pay rents and many will get into mortgage arrears. Its all coming just wait and see.

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    Recessions follow booms, they haven't got rid of the cycle and they may not have even smoothed it, we shall see. On the way down, those careless or over leveraged may suffer leave opportunities for others. We grow a few years, then we contract a bit, then we grow again. Cycles. But tbh I think you have been reading too much zerohedge.

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    I don't even know what zerohedge. Never heard of them. All I know is many are understating the real fall out from the next downturn.

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    Or hpc, it's obvious in every post of his and the money reset nonsense lately pretty much confirmed it.
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    Well, *traders( love volatility, because only when things are swinging around a lot, can you find really good trades - but of course this is also when big losses can befall the ill judged as well as big gains favour the well judged.
    As an *investor* already holding long term assets, you'd have to expect to weather a potential significant recession. The long term fundamentals of the UK economy are strong though, so probably you will be ok.
    I would say the elephant in the corner is the UK Government. Big changes can confound your business model with little if any notice. Potentially good for traders, but bad for investors.
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    In my mind the fear is already priced into the market, things have slowed down and prices have dropped near me over the past few years.  In my humble (completely uneducated!) opinion it is highly unlikely whatever happens that the Government will allow house prices to drop. They are more likely to open the money taps and cause an unintended boom similar to pre-credit crunch, all it takes it 100% mortgages again and away we go.  They have short term thinking, they are only interested in what happens during their term.  'It's different this time' is the lie we have heard time and time again over the years when Governments have re-invented the wheel and made policy which has failed previously.

    I am personally buying now because I believe once the uncertainty is over prices will rise. There is a lot of pent up demand with people wanting to move but scared of brexit, once this is out of the way transactions are likely to increase significantly as we have a few years of demand waiting to enter the market, whether first time buyers, upsizers, downsizers, etc.  I don't believe any negative effects whatever happens with brexit will be felt for a number of years as the Government props up the system.

    I completely agree with you DL, I am buying with yield in mind, I think buying for capital growth (especially in the South East) at present doesn't seem to be a great move.

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    Buy on yield and forget capital growth

    Growth will come along as some point

    Cash every day in the bank is the life blood of investment  and thats what I look for



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    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.