6pm to 9pm – Cold spot

6pm…Its getting cold

So now we have owner-occupiers buying properties that are too small for what they’re worth and owner-occupiers with high income multiple mortgages but not a speculative or professional investor in sight.  The market has gone stagnant. 

So who is left buying?

The inevitable happens with the people left buying. Interest rate rises will hurt these people, which could lead to initially negative equity and then repossession. We look at this category in a more expanded format and draw out the issues on how not to be one of them!

6pm à 9pm

Rates do begin to rise, but only modestly, to attract overseas investment in government gilts to fund the deficit being experienced as a result of over consumption…… TV ads for loans start to decline…… Property prices start to reduce and creep back to affordable levels…. Repossession rates have risen for the first time and it’s splashed over the press…...  Certain areas are reported to be in negative equity.

Oh dear, things aren’t looking great for everyone now. Read this section to get a full account of the dreary and dark happenings within a coldspot… However, there will soon be some respite for the professional investor.

Strategies Within A Coldspot

There is no money to be made here.  Anything you buy will take away what ever you put in by way of a deposit and take money out of your pocket every month – ouch!  If an area is a coldspot then simply avoid it.

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I and many others see property as a long term investment and so there must be and will be ways to raise cash to fund any monthly shortfall in a stagnant period and these are fully outlined and detailed in this chapter.

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