May 11, 2023
Episode 63: When is the Wrong Time to Invest in Property?
When is the wrong time to invest in property? Is there a wrong time? I’ll answer these questions boldly in this week’s episode of A Wealthy Life.
While I cover the history of investing, I’ll illuminate some of the realities of the UK housing market. In investment terms, I’ll define scarcity for you and how it gets checked by affordability. I’ll detail the dynamics behind the housing shortage in the UK. I’ll tell you all about the “rise of the private landlord” that happened during the 90’s to early 2000’s and how it led to the buy-to-let market becoming a major player in property. I’ll tell you why prices are going to rise and why there will always be a strong rental market.
I’ll impress upon you that you need to understand your own affordability–How long can you afford to tie your money up in a property? Are you content with the revenue that property will generate? You’ll see that the timing of your property investment journey depends upon your own, individual circumstances. I’ll finish by reminding you that property is a long term investment.
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Links & Resources:
Highlights from this episode:
[00:02:39] – The Concept of Scarcity
[00:09:06] – Statista Graph
[00:10:20] – Cultural & Societal Impact
[00:11:36] – A History Lesson
[00:16:25] – The Rise of the Private Landlord
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Connect with Vicki:
Visit my website to learn more
Booking calendar - https://calendly.com/vickiwusche
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them