People seem to be expecting interest rates to go back down to close to zero. Don’t forget that the average interest rate over the last 25 years is over 5% so at the moment we have an average interest rate. Not a high interest rate.
@TheAnxiousInvestor11 ай бұрын
Correct - I did talk about this in my last video a few weeks back. Good point
@TheAnxiousInvestor11 ай бұрын
Other Important News friends. I am starting a FREE bi-weekly newsletter with updates straight to your inbox that you can sign up for here: mailchi.mp/fab5e9ad9589/newsletter I am also doing more classes for students on the AG Program: theanxiousinvestor.learnworlds.com/course/property-investing Currently discounted, if you use code: KZbin (case- sensitive) Free 3 month subscription to Lendlord Premium: tracking.lendlord.io/click?campaign_id=23&pub_id=34
@topbuzz199211 ай бұрын
Nationwide and Halifax data is seasonally adjusted. I’d be interested to know whether property prices actually increased in October as reported, or the ‘increase’ reported by Halifax and Nationwide was simply a result of their seasonal adjustment being applied to the data. I suspect that in reality prices are still falling and will continue to fall though remainder of the year and 2024.
@robertbryant173511 ай бұрын
I feel you are too positive re the property prices. There is a large supply of property in the market atm and this will be swelled even further by btl landlords selling up. Look at RM and see how many have no furniture !!! Interest rates will remain at this level for a prolonged period and the pound is weakening resulting in more expensive imports. Also energy prices, higher taxes and more companies going bust means property prices will weaken further I predict 20% over the next 2 years !!!
@tallysingh136611 ай бұрын
I know you have to include them for a balanced debate but when you read out these “everything’s good” type quotes from ppl in the mortgage industry, I just get reminded of the movie “The Big Short”. They were all optimistic within the industry until it hit the fan. I don’t think it will be 2008 type reductions but already see houses in West Midlands being reduced since Sept by around 5% here and there
@TheAnxiousInvestor11 ай бұрын
Yeah I hear that bro. Remember my stance is still more pain, but sometimes it’s easier to just give a balanced view of opinions and people form their own, because I can’t be arsed with the backlash 😂 But yes from a macro economic point and psychology point I don’t believe it when it’s all “hunky dory”. One increase in a month doesn’t mean much. More repossessions and arrears will kick in as we head into 2024 imo
@andrewtaylor673711 ай бұрын
I thought it would happened already.... next year will be a bloodbath! Hope people have put plenty to one side, from ultra low interest for years & all the free covid money. Great vid!
@TheAnxiousInvestor11 ай бұрын
Good advice mate, I hope so too. Thank you for watching
@ianfinnity273211 ай бұрын
Since WW2 there’s a 17-18 year cycle at work in the UK property market with cycle highs seen in 1972, 1990, 2007-8 and 2023-4 beginning. The power of the cycle has kept prices resilient despite mortgage rates rising from 0.5% towards 5% over the past 12 months. The cycle is close to timing out at this point and although prices are down around 3% nationwide and 9% - 10% if we factor in inflation, prices are likely to drop another 10% in ‘real’ terms over 2024. Each decline from the highs takes 2 years to work through the ‘system’. So we’re heading for another negative year but not much beyond that. Look to buy again in January/February of 2025.
@MaryLove-d5w11 ай бұрын
One of the best videos I have seen on the housing market so far on KZbin and I’ve watched a lot. No scaremongering just facts. 👍
@TheAnxiousInvestor11 ай бұрын
Appreciate you watching thank you 🙏🏽
@bradlucass11 ай бұрын
Well, 2024 is in 2 months and things are not improving. I am beginning to look at high-yield dividend stocks. The bond market is not the most lucrative, and buying bonds as the only alternative after selling $370k worth of equities is stupid.
@RafetMert-qs3kw11 ай бұрын
To everyone complaining of the unexpected losses the bond market has suffered, that's a sign of excessive bearishness when investors interpret good news as bad. Yes, interest rates are rising, and so are the higher payouts on my annuity.
@Vinyvasquez11 ай бұрын
Don't get any ideas. If I were you, I would bother less and buy gold and bitcoin. There are more institutional investors in long bonds than individuals. Btw the whole sell-off is not so bad.
@Stuark5411 ай бұрын
People don't have motivation to sell at the moment so they're trying to get what they can. Unfortunately, in the next year or two when houses get seized by the bank etc and people are forced to sell due to affordability that is when we'll see big drops in prices. Right now, I predict either wages will sharpely rise in line with house prices or there will be a giant drop. Right now affordability isn't in line with a healthy market.
@jimmydavis758711 ай бұрын
The avergae transaction price increased in October because more higher value homes sold so the HPI (which are also seasonally adjusted) are not portraying the truth
@darrencurtis840911 ай бұрын
We had years of low interest rates. People borrowed and invested in their homes. The increase in price with a low interest rate is less than the increase with a high interest rate. It may sound crazy but could it be the housing stock is undervalued? I understand that the ratio of earnings and prices are out of synch but there's a big number of cash only buyers and investors from abroad and incentives for first time buyers etc including the obvious that there isn't enough stock..
@scazz00711 ай бұрын
Market going down unless a big increase in wages
@TheAnxiousInvestor11 ай бұрын
Good point. Wage to house price ratio is ridiculous
@Anasteroiddestroyer11 ай бұрын
Agreed. Plus, the Tories are doing nothing to control inflation so the BoE will have no choice to increase the interest rates even more adding further downward pressure on the housing market.
@Level.up.with.Slider11 ай бұрын
Love This page keep the updates coming bro
@jonsnow674111 ай бұрын
Thinks you have NOT done the MATH and are using the figures given by those with interests .
@TheAnxiousInvestor11 ай бұрын
What figures should I use mate?
@jonsnow674111 ай бұрын
@@TheAnxiousInvestor assumes you know they are a sample and they are seasonally adjusted .
@ShootingStar46610 ай бұрын
I think that prices will reduce in 2024, whether we will see a crash/meltdown depends. People will fight tooth and nail to keep their homes; many of my friends have taken on second jobs so it may be that people just manage to push through it all. I think the lack of supply may be down to people not wanting to move to stay on their current cheaper deal, so depends on whether they are making the most of that time to prepare their finances for when they have to refinance or not. Also the Covid money will have been saved for a rainy day by those who had that flexibility to do so, so it will take some time for those savings to run out. Coupled with this, is the lasting effect of the pandemic and rise of online shopping - I have seen a lot of shops closing in my local area, so if there are a lot of job losses then it could get ugly. It could go a multiple of ways and only time will tell.
@callumtyler68611 ай бұрын
Whaaat.... Long form video... You feeling ok bro? Been a while
@TheAnxiousInvestor11 ай бұрын
Haha! I just recovered from covid this morning, so for the first time yes lol. I need to get back on it, the short term ones helped grow my IG / titktok but miss the KZbin stuff Hope alls well mate - thanks for stopping by
@magicrico11 ай бұрын
If you look into the recession cycles, factor in monetary inflation, unemployment rates, house prices and interest rates - you can quite quickly paint and picture and see EXACTLY what happens when we cross these circumstances…..history always repeats itself with regards to this
@YukalayleeGames11 ай бұрын
Long slide downwards Too much downward pressure No good news to change that coming any time soon
@beefy3211 ай бұрын
Not only is there is a shortage of housing but properties are selling and others are being removed from the market. This stock is not being replenished which has put the brakes on a crash in fact prices could edge up as there is more demand than supply!
@888ssss11 ай бұрын
please rishi keep making house prices go up.
@888ssss11 ай бұрын
please please please rishi. make em go up more !!! @@StephenManchester
@matthewhalder135711 ай бұрын
What sort of mortgages do pepper advantage have?
@TheAnxiousInvestor11 ай бұрын
Both commercial and residential mortgages mate
@taggthis11 ай бұрын
I am personally trying to hold off until late 2024. Have an election on the horizon and I think this time next year, November - will be the perfect time
@TheAnxiousInvestor11 ай бұрын
Not a bad idea mate. Always keep looking in the areas you’re after & putting offers down. You never know when or why someone needs to sell & it could provide opportunities. Good luck
@taggthis11 ай бұрын
@@TheAnxiousInvestor thank you 🙏 it is trying to get that sweet spot isn’t it. We all trying out here. Good to see you back posting on here. All the best
@Littletime83911 ай бұрын
Timing the market is a brilliant strategy
@TheAnxiousInvestor11 ай бұрын
Where do you guys see the market going in 2024?
@hopefulfather346911 ай бұрын
rich people will continue to buy
@TheAnxiousInvestor11 ай бұрын
They’re definitely licking their lips at potential opportunities
@SycAamore11 ай бұрын
I'm very confident we'll return to pre-Covid levels, which is -25% from the peak 2022 prices. But I'm hoping it's more like -35% by mid-2025...
@Littletime83911 ай бұрын
Nowhere. 2 million households will come out of fixed term in 2024. If the BoE doesn't intervene then it will tank the economy. Interest rates will be reduced but only just enough to stabilise the market.
@SilverWong-yo5iu11 ай бұрын
Rich people only buy the best, not the average or below average stuff. Recession will bite, normal houses will fall in value, forget about tight supply, demand will shrink more, live with mum and dad is one way when one loses his/her job.
@LinhDuyan10 ай бұрын
How can I contact you? cuz I want to discuss about a business with you
@aaronl937911 ай бұрын
Good to see you back brother, hope you’re good bro !!
@TheAnxiousInvestor11 ай бұрын
Appreciate you. Doing much better thank you 🙏🏽 Hope alls well with you
@SilverWong-yo5iu11 ай бұрын
Downsizing causing the illusion. When wake up, optimists found themselves caught and trapped.
@joshuawalters539111 ай бұрын
great video
@TheAnxiousInvestor11 ай бұрын
Thanks mate
@topboyuk10 ай бұрын
Iv watched the prices go up 30% since covid. There has to be a reset.
@Realist1311 ай бұрын
I think properties in London are heading up shortly and to the point of no return.
@TheAnxiousInvestor11 ай бұрын
This will be interesting to see. I imagine the demand to live in London will never fade (especially for big players and foreign investors)
@Realist1311 ай бұрын
@@TheAnxiousInvestor Me dear. This period is just a big handshake to banks and those with money 💰
@bradsmith968911 ай бұрын
House prices have continued to rise since forever. Charlie can verify that fact..ask him if ANY property he has purchased lost value on resale. Spoiler it hasn't happened, they've alway risen in value.
@TheAnxiousInvestor11 ай бұрын
Wrong about what? Be interesting to know what part you think is wrong
@bradsmith968911 ай бұрын
@@TheAnxiousInvestor Where do I mention the word wrong. Show me.
@briankinslow299511 ай бұрын
You are so wrong, in the land of the blind the one eyed man is king
@TheAnxiousInvestor11 ай бұрын
Wrong about what exactly?
@briankinslow299511 ай бұрын
If you were the one eyed king( man) you would know