Join Mark as he explores the common debate between renting and buying a home in the UK and talks about why home ownership is still a good option. Mark also talks about recent tax changes, including Section 24 and increased stamp duty, impacting the property market. Mark contends that these changes contribute to a shortage of rental properties and increased rents. Gain insight into the current property market dynamics, including falling prices due to higher interest rates and what this could mean for property investors.

KEY TAKEAWAYS

• Tax changes have made the cost of living more expensive for tenants and homeowners.
• The increase in rental prices is due to landlords leaving the market.
• You find a way to manage law and legislation changes, regardless of how big an impact you first think they will make, there are always solutions. just as Mark found when section 24 first came in. 
• Think creatively about how you can invest in property, Mark lived with his mum in order to save to invest.
• It is better to invest money in properties rather than buying your own home
• Homeownership is still better than renting in the UK. It's best to see it as a long-term investment, regardless of what the property market is doing.

BEST MOMENTS

"Is it true that you had ten investment properties and still lived with your mum?"

"There's a severe lack of rental property because the planning system is broken and because of Section 24 and because they've put the stamp duty up to higher rates of 3% on top."

"Clearly, interest rates going up, yes, but a huge amount of it is landlords leaving because of all this stuff, less rental property."

"Rents are just going absolutely nuts off the back of this."

"If you're only going to stay in a year or two, it's definitely better to rent."

"You just need to sort of adapt, don't you, to adapt your business, you know, an issue comes along, you just set the sail of your sailing boat to take advantage of the new direction of the wind."

 

VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter  

https://robmoore.com/podbooks

 rob.team

ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”

“If you don't risk anything, you risk everything”

 

CONTACT METHOD

Rob’s official website: https://robmoore.com/ 

Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs

LinkedIn: https://uk.linkedin.com/in/robmoore1979

 

‘Brought to you by Progressive Media’: https://progressivemedia.uk/