Remember that crash everyone wanted? The one you thought you’d get your dream house for dirt cheap?
This is the reality. When the economy turns, cash rules
Cash is king. Covid helped create many more billionaires, and they’re buying up assets along with the corporations.
This refers specifically to an area that contains the most expensive properties in the country. This is also property that has seen massive drops in price, way bigger in percentage terms than average houses. For those with a lot of money it’s a good long term bet.
Money laundering is what they call this type of action in other jurisdictions.
Now watch a bunch of comments get posted about how the government should ‘restrict UK property sales to foreigners’ or some other utterly ridiculous and impractical solution.
You can’t do that for various reasons, the main one being there is nobody to monitor or enforce such a policy.
The notion that recent events causing landlords to sell their BTLs is going to help FTBs is extremely naive. Wealthy cash buyers and private equity are going to hoover it all up and things will get worse for renters and FTBs.
These are all bought by foreigners who want to park their wealth in Uk.
Its the only way to take advantage of falling prices in high interest rate environments
Proving that cash still is and forever will be King.
A lot of these properties get snapped up overseas millionaires and just sit empty.
We need to ban foreign ownership of property. I don’t think it’s unreasonable that you should have to be a resident of the country you’re buying residential property in
Literally Monopoly, the game. Just paint them all red and green
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Remember that crash everyone wanted? The one you thought you’d get your dream house for dirt cheap?
This is the reality. When the economy turns, cash rules
Cash is king. Covid helped create many more billionaires, and they’re buying up assets along with the corporations.
This refers specifically to an area that contains the most expensive properties in the country. This is also property that has seen massive drops in price, way bigger in percentage terms than average houses. For those with a lot of money it’s a good long term bet.
Money laundering is what they call this type of action in other jurisdictions.
Now watch a bunch of comments get posted about how the government should ‘restrict UK property sales to foreigners’ or some other utterly ridiculous and impractical solution.
You can’t do that for various reasons, the main one being there is nobody to monitor or enforce such a policy.
The notion that recent events causing landlords to sell their BTLs is going to help FTBs is extremely naive. Wealthy cash buyers and private equity are going to hoover it all up and things will get worse for renters and FTBs.
These are all bought by foreigners who want to park their wealth in Uk.
Its the only way to take advantage of falling prices in high interest rate environments
Proving that cash still is and forever will be King.
A lot of these properties get snapped up overseas millionaires and just sit empty.
We need to ban foreign ownership of property. I don’t think it’s unreasonable that you should have to be a resident of the country you’re buying residential property in
Literally Monopoly, the game. Just paint them all red and green