Friday, March 2, 2007

Property loses it’s appeal for investors

Rate rises hit property investing

Higher interest rates have knocked investors' confidence in putting their money into property, evidence suggests. The insurance company Standard Life says that the rate rises since last summer have led more people to question the wisdom of property investment.

Posted by webmaster @ 11:47 AM (456 views)
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8 thoughts on “Property loses it’s appeal for investors

  • dohousescrashinthewoods says:

    The Beeb said that?
    The government “Kelly” censor must be on leave today.

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  • inflation is eating my savings says:

    fairly responsible- the BBC letting joe blogs have a little doubt thrown in to the mix- also exempts them from some of the flak should the market crash.
    Sad to say, I don’t think it will crash in nominal terms. In real terms, well that is different.

    We are a minority- and Bentham rules here.
    Also, as the state is depedent upon elevated HP levels, it is hardly going to promote a collapse is it?
    But the state only has so much control.

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  • inflation is eating my savings says:

    My TV broke last week- I now have this tremendous sense of liberation from all this rubbish.
    Try smashing your own.

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  • Depends how many of the senior staff at the BBC have cashed in their “investment properties”.

    A few may still be hanging in there squeezing out the last drops.

    I see that since a lot of the BBC moved up to Madchester, houses in and around Moss Side have “shot” up. Remarkable.
    Wonder if the estate agents issue flak jackets before viewings ?

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  • bidin'matime says:

    “Property experts have claimed that the rising cost of borrowing with a mortgage means that new buy-to-let investors may find the income from their properties does not cover their mortgage repayments. ”

    Should read ‘Economics GCSE students have pointed out that the rising…’

    “However, the most recent and authoritative industry figures, from the Council for Mortgage Lenders, show that 330,000 additional buy-to-let mortgages were taken out in 2006. ”

    Shows that most people have not the foggiest idea about investing and just follow the tabloids and what the bloke down the pub told them….

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  • dohousescrashinthewoods says:

    Nice one, inflation is eating my savings. I took the plunge a few years ago and haven’t looked back.

    There is the occasional twinge, but now I just live life, enjoy a bit more thinking, mental peace and have “conversation” instead. Shocking idea – perhaps it could be an answer to “youth yobbery” too?

    The main thing I appreciate is not having the incessant psychological pumping and yanking from advertising and desperate shows. When I do see a telly, I actually find the content disturbing and am glad not to be inured to it.

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  • If I was a conspiracy theorist I would say that various groups profit by over inflating the price of assets, getting people into a great deal of debt to purchase the assets, before lowering the price of the assets and leaving people enslaved to their debt – all other things remaining equal.

    If the BBC are making a sudden volte face on this issue I would suspect that the man at the top has just shouted ‘NOW!’ and ordered the bottom cards in this great pyramid be pulled.

    It will be interesting to see what other stories the BBC “News” team come up with over the next few weeks.

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  • The BBC haven’t deviated that much from their normal patter of ramping the property market – they go on to quote the CML’s (dodgy) statistics on BTL ownership as being fantastic. Note the title too – it should have been “Property loses it’s appeal for investment potential”.

    The fact that they’ve personalized it to talk about “investors” instead of “investment potential” indicates

    a) that the BBC believes and wants to communicate that property is basically still a good investment and
    b) only some individuals believe it’s not a good investment (therefore if you have doubts you’re in a minority).

    No about face here yet, only barefaced lying.

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