Shhh Properties DIRTY Little SECRET...
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- čas přidán 2. 08. 2024
- I explain properties dirty little secret that you need to be aware of. This could potential save from making the biggest mistake property investors fall into - off-plan new build flats.
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#newbuildflats #propertydirtysecret #propertyinvesting
00:00 The "Dirty Little Secret"
00:47 The 18 Year Property Cycle
03:04 Evolution of the Property Investor
04:18 Salford Example New Build Flats
08:56 My New Build Experience
13:19 Property "Experts" Bias
14:21 Flats vs Houses
16:45 Off-Plan New Build Pros vs Cons
21:37 The New Way
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Thank you for all the unfiltered advice! It all makes perfect sense.
Thanks I appreciate the feedback.
I made this mistake, luckily I was able to back out of a couple but I had to complete on one (in Salford!) And it's been a massive pain
Sorry to hear that. At least you got out of the others.
Thank you for information. The same story with property was in my country (Russia) those times. It was valueable mistakes.
Well presented. Thanks. What about commercial? Similar cycles?
Yeah similar, commercial is normally 1 year behind residential.
@@StephenDuncombetv ok thanks
like your video. I have the charts.
i see alot of things in my area reducing, do you think the property cycle could be coming early stephen? with everyone hoping for these high prices
Possibly. I'm seeing some properties sit longer while others still go fairly quick if they have priced to the market. At the moment year on year values are still up so as a trend we are still going up. It will be an interesting next few years to see if Fred Harrison is correct with a larger drop in late 2025/26.
@@StephenDuncombetv thanks for the quick response, would you still be buying in this strange time stephen or wait until the crash? great insight
Are you suggesting in the video that you should never buy off plan new build properties or that you should not by them at the wrong time in the cycle?
Personally I would not buy them at any time. But definitely not at the wrong time in the housing cycle.
@@StephenDuncombetv Interesting. Superficially, they are attractive, but there are definitely downsides.