Isn’t property now a massive risk? 1) Sterling cannot stay at current highs with Labour doing its best to burn billions and destroy the British economy, a Sterling crash must be on the cards. 2) The number of people who can keep prices rising is diminishing. 3) Salaries are under pressure, good paying jobs are sliding. 4) When property values start dropping and people catch on, they will find out how confidence in property as an investment collapses, nothing sells and the nightmare starts. Property is massively illiquid, goes to zero in a crisis and we’re heading for a crisis. Rent! Invest in solid economies and solid currencies!
Isn’t property now a massive risk? 1) Sterling cannot stay at current highs with Labour doing its best to burn billions and destroy the British economy, a Sterling crash must be on the cards. 2) The number of people who can keep prices rising is diminishing. 3) Salaries are under pressure, good paying jobs are sliding. 4) When property values start dropping and people catch on, they will find out how confidence in property as an investment collapses, nothing sells and the nightmare starts. Property is massively illiquid, goes to zero in a crisis and we’re heading for a crisis. Rent! Invest in solid economies and solid currencies!
Yes. And 4. Property is cyclical. It’s about time for a good ol’ downcycle now (inflation adjusted at least).
It is but it has been a long wait
the dominoes are lined up all right