Last week we brought you boom or bust. This week on The Property Podcast, The Robs are discussing the next hot topic: The 18 year property cycle.
The 18 year property cycle is a tool that’s been used by thousands of investors to make more informed property purchases. But has it all gone to pot thanks to the Coronavirus?
That’s exactly what Rob & Rob are discussing on today’s episode. And if you haven’t listened to last week’s episode, you should listen to that first.
Again, we’ve been getting inundated with questions on the 18 year property cycle with people asking, ‘where are we in the cycle’? ‘is the cycle broken’? ‘are we going to enter another mid cycle wobble’?
Well, the good thing is Rob & Rob are about to clear all that up.
In the news this week, ‘UK mortgage payment holiday extended by three months’. At the start of lockdown was when the government announced mortgage holidays for those who had been put out of work due to the pandemic. The scheme offered a bit of a lifeline to those who needed it and initially it was for three months, due to run out in June.
However it now seems that the government were a little optimistic about how fast they could get the country back on track, and it doesn’t seem like they’ll be able to do that by June. Therefore they’ve extended the scheme for an extra three months. Let’s hope we’re in a better position by the end of August.
As promised, for this week’s Hub Extra we’ve got a number of resources for you to explain and cover what the 18 year property cycle is. So here you go:
But we also recommend that you watch this video by Ray Dalio on how the economic machine works. Plenty for you to get stuck into.
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