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Good Old Us Of A

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Well Folks, I am on assignment in Hawaii, USA (a tough job, but someone had to do it) and am getting some interesting insights into the US property boom.

The Hawaiin press is full of stories about the dramatic rise in the number of homes with a value in excess of US$1,000,000. One article was quite amusing, an old boy who lives in a tumble down shack of a place was saying how baffled he was that even his place had been valued for over a million bucks.

The saddest thing of all is that there is an advert running on TV called 'Mortgage Free Americans'. The idea is you take a massive equity release loan on your current property and then a nice company will help you invest in a second property for rental. Within a short period you will have aquired enough equity in the second property to sell it and pay off the mortgage on the first and live happily ever after. So good 'it's virtually guaranteed'. Plain nuts.

Watch out UK - 'Mortgage Free Brits' could be coming our way soon!

Now, back to the surf and the babes.

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How long can this pyramid selling go on for?

Unbelievable

Pyramid scams collapse when the last person says "NO." The most efficient way to pop the bubble is for FTBs and STRs to simply say "NO." 6 months of starvation from the bottom and the bubble will not deflate it will "pop." Does anyone like that sound: "Pop." :)

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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