House Price Crash: the Banks are Causing it 😮

2 warnings. 1, the banks are actually causing the house price crash. 2, 2 big American economic and Wall Street experts are now calling the crash as imminent here and now. Now, a couple of people have accused me of doom-mongering and fear-mongering. No, I am opportunity mongering. I believe every upside has a downside. You can't cause the house price crash because you don't run the banks. I can't cause the house price crash because I don't run the banks. But what I can do is observe the market and see how we can turn it into opportunity. We can either leverage what's happening in the world to win or we can be one of the victims. And I don't want you to be a victim. So what I need to share with you real quick is why the banks are causing the crash, what the top experts— not me, by the way, I've been calling the crash now since not the start of lockdown, but once I figured out lockdown and the sort of artificial spike in prices that it caused, and I'll talk about why it was artificial in a moment. Once I sort of figured that out, I was like, oh, okay, this lockdown's going to cost trillions for the next 10 years. Um, what goes up must come down. Ask anyone who takes Viagra. What goes up must come down. Okay, so let's unpick these really quick. Also, before I do, I've got to be quick here, and let me know in the comments, um, do you think house price crash is coming? Yes or no? And also let me know, do you think, um, it's all bad or it could create opportunity? So just write all bad or opportunity. All right, so why are the banks causing the crash? Um, because the banks— I say artificially, abnormally— the banks held interest rates sub-half a percent for an abnormally long period of time. Like over 10 years. I think it was about 12. Now you could say, well, they did that to control the economy and stop a big recession, but maybe they should have let it play out. It's a bit like when the banks go bust. Well, maybe you should just let them go bust, um, and then they won't do it next time. Like, maybe you should let your kids stand up to the bully so the kid doesn't get bullied again. Maybe you need to let the bully banks go bust so the banks don't repeat the same behavior. But they get bailed out by us, the taxpayer. Anyway, so there was an initial crash of about, in my local area, 30% in price house drop. And by the way, that happened in 6 months. It happens quick when it happens. That's why you need to be ready. Okay, so then the banks basically suppressed interest rates for a relatively unprecedentedly long— if that's a word— for a long time. And what that inadvertently did to a lot of people, and they didn't know this, and you only know this when you've been through cycles like I have, is there was a whole generation, like 20 to 35-year-olds, that were like, oh, money is virtually free, a mortgage is 2%, great. And so what did they do? They all bought houses more than they could actually afford because they thought, well, I've got, um, low interest rates, so I'll buy a bigger house. And the banks lured you in. It's like betting companies, they lure you in with a free bet. Oh, here you go, have a free bet, have a free bet. Oh, now you're addicted to betting, great. And we're gonna have the rest of your money off you for the rest of your life, and your house, and your car. And so this is what the banks did. And then they've captured you, and now rates have gone 1, 2, 3, 4, 5%. They rose 14 times in a row in, in the UK budget. And now people are all coming off their variable rate mortgages— so, um, sorry, they're fixed onto variable rate mortgages. So I'll give you an example. Um, people in my communities are saying, Rob, I was on 1.5%, 1.74%, 1.9% interest, and now I'm at 7.2% and 8%. And virtually overnight, people's interest payments are tripling or quadrupling. And this is actually happening. 1 million mortgages came off the fixed onto the variable rate in September alone. So the banks have lured you in, captured you, offered you some nice introductory free money, and now bang, your payments are double, triple, and quadrupling overnight, and the banks are going to make a killing. So there you go. Now, next then is When people get repossessed, who's going to buy those properties below market value off them? The banks! Lloyds have even admitted it. Lloyds have said, "We want to be the biggest private landlord in the UK." Lloyds lend you the money nice and cheap at first, lure you in, generation who doesn't understand long-term interest rates and that this is not normal. Um, and then when you're in difficulty, instead of helping you, they'll just take your property off you, repossess it below market value, and become the UK's biggest private landlord. Now, in a moment I'm going to tell you what the top experts are saying and my thoughts. Um, but there's two things you can do about this. Number one is you can be a victim, like unfortunately 98% of the population are going to be. I don't want anyone to be a victim, you know. I'd rather you beat the banks. This is why I'm telling you this stuff. But I can't control the odds. Well, I can actually a little bit, because I can help a lot of people. So you can either be a victim to this or you can turn this into your opportunity. You can either be used by the banks or you can use the banks. Now, you know, I've reversed the risk. The banks take risk on me instead of me taking risk on the banks, and I can show you how to do the same. So if you'd like to turn this into an opportunity where instead of Lloyds buying all of the below market value deals, you do. Instead of Lloyds and other banks using you, you use them. Instead of you having all the risk, They have all the risk. I don't leave much savings or money in the bank, and I take big loans for real estate from the banks. I've completely reversed the risk. Any money in the bank, your risk. Any money that the banks have lent you, lent you for real estate, their risk. So if you'd like to reverse the risk onto them, learn how to see the crash as an opportunity, learn how to beat the banks at their own game, I've got an online masterclass I've actually just launched now. Um, in about the last 2 months, this will be the third but the final property investing masterclass that I'm doing because so many of my followers are asking me for this kind of content. It's the one piece of content that's getting my— the most shares and reach on social media. So clearly, clearly it's what everyone wants. And instead of just like maybe a 90-minute top-line presentation, I'm actually doing a 3-hour deep dive live masterclass coming up in 2 to 3 days' time. You can register for free as a special guest of mine, as one of my fans and followers. Just going to share the link with you right now. Go and register. By the way, I'm going to cover the cost. There'll be no cost. I'm going to bring in a UK property and investing expert, one who's quite behind the scenes, who's got a load of knowledge, and we're going to share with you how to basically learn how to play real-life Monopoly, learn how to use other people's money to invest, learn how to find and locate the right types of properties in the right types of areas locally to you. In fact, if you click the link and go and register now, you'll see there's 1, 2, 3, 4, 5, 6 things we're going to cover. How the interest rate rises are actually— can be turned to your advantage if you know how. Um, how you don't need deposits or savings to get into property investing and what some of the big experts are calling that's going to happen in the market in 2024. How to buy low and rent high without screwing over tenants. So there's, there's a lot in this. Um, now I've just shared the link in the comments. Let me share it one more time. By the way, there'll be no recordings and no replays unless you're a Rob.team member. Um, and it's actually going to be a 3-hour live masterclass. I'm going to do the first half hour to hour. I'm going to show you how I started back in 2006/07, how the first 50 deals I did were with other people's money, how I think this next crash has similarities to the last one, how I'm going to share with you my success in the last recession, which basically made me a millionaire, and how you can do the same in this one. I can see people are going and registering the link because I see the numbers drop when I share the link. So just go and register right now, then come back. So go and do that right now and then come back, okay? Because next I want to talk about what the experts are predicting. Now, um, oh, someone has said no link yet. There is, I've shared it twice, but let me spell out a shorter one for you, and that is tiny.cc/c C-I-A-P-C, which is Cash in a Property Crash. So if you can't see the link, just go right now to tiny.cc/C-I-A-P-C. To my followers, fans, and friends, this is going to be a no-cost training. Okay, could cost you not to come though. Alright, so, um, Look, I think I know my local area as well as anyone locally. In fact, there are about 3 top investors in my local city, of which my business partner and I are one of them, and we saw prices drop 15% in 8 weeks. So we actually saw it, so that's actually proof. And I think there's more to come. Why? Because repos are going to be higher. More people are coming off their fixed rate onto variable, which is going to be 3 or 4 times higher. Um, interest rates could go up further. Um, so locally, I, I expect it actually to be more in total than the last recession. It only needs to drop another 16% and it will be more than it was in the last recession. Now, that's what I'm predicting locally. Now, some areas I know have dropped more. Really south has dropped 20%, but other areas haven't yet dropped, and you need to find out what, what's going to happen in your local area. We'll show you how to do that. But a top Wall Street expert has said that, um, he believes that the, um, housing market will crash in 2024, and so will the economy. Uh, and a top U.S. economist has basically said now that house price affordability is lower than the last recession. I.e., your earnings relative to the value of your property is worse than it was in the last recession. Now, I know there was a banking crisis and that was different, although the banks are a big part of this one. Um, so to me, house— like, you've got rents going up prices going up and interest rates going up, they, they can't all keep going up forever. And in the end, something has to give, and it's usually prices. If yields go down for landlords, landlords can't afford their portfolio, they chuck them back on the market. People can't afford their own mortgages, they chuck it out on the market and they end up renting. Creates rental demand, rents go up, but house prices drop. Um, and house prices drop when there's a flood of sales into the market, or when people have to sell quickly, they have to sell cheap. And what happens is, as soon as you get evidence of a lower price, that becomes the new comparable, and then all the others are like, well, that's what it sold at, that low price, so I'm not going to pay any more than that. And then they offer 5 or 10% below that because they forward price, and then the house prices just keep just keep going down until they hit a bottom. And by the way, that usually happens really quick. People are like, oh yeah, well, you know, the recession started in 2008 and didn't finish until 2020. No, no, no. Basically what happened was 30% drop in 6 months and then pretty much flat for about the next 10 years. That's so you— because people say, oh well, Rob, I'm gonna wait, I'm gonna wait for the house prices to crash. If you wait, you will be too late. Fact. Um, all right, so let's summarize this. Banks are causing the house price crash because they held up interest rates so low for so long that an entire generation thought that was normal. Now rates are banging up, people are shocked. I'm not shocked because 6% is the long-term average. We're not even at the long-term average yet, but people who haven't done a cycle don't know that. So people have got loads of loans— cars, conservatories, properties— all 1.5%, lovely. And they've overspent because they can get more liabilities or assets, um, for the same amount. Um, because your payments are a lot lower, you can basically spend more. And now they're 1.5% and they're 1.9% They come off the fixed rate onto the variable, and all of a sudden it's 7% and 8%. It's quadrupled. So I predict way more repos in 2024. Rents are really high, by the way. All those people who get repo, they're gonna have to go into the rental market. So that could create, um, a scarcity of property for rent, because if you go and rent now, you're competing with so many people. Rents are really strong, and the stronger rents are the more that could have an effect on house prices. There's loads of variables, of course, and I can't say exactly when this will happen, but I can say that it will happen. Someone said to me, 'Oh, Rob Moore, you know what you're saying, I'm not sure, I just go by the 18-year cycle.' Well, number one, it's not always exactly 18 years, but number two is, it's nearly 18 years, isn't it? Because the last one was '08. So we're in our 16th year. So even just by law of cycles and averages, it's coming. So if you want to cash in on the crash, if you want to buy low and, and rent as high as possible— because if rents are high anyway, you might as well rent high if you've bought low. The lower you buy relative to the higher your rent, the more your cash flow. So if you'd like to cash in on the property crash, um, I'm going to share the link right now. There it is. Oh no. Um, let me give you the tiny link. tiny.cc/CIAPC, which is short for Cash in a Property Crash. tiny.cc/CIAPC. Go there right now. I can tell you the banks are going to profit from this crash. I would prefer you to profit from the crash than the banks. I can tell you I'm going to profit from this crash, and I'm not causing it. Um, people sometimes say to me, Rob, are you a doom monger? You know, you're just pumping fear into the market. No, I'm one guy. The banks have got a billion customers. I'm one guy with 2 million followers. What I, what I share with you is not even going to touch the sides. The market is the market. Um, but you know, I like observe the masses, do the opposite. Be greedy when others are fearful. Fearful when others are greedy. Now, Marcus said, my flats haven't raised in value since '27. I'm guessing Mark's way up north. In Peterborough, I've had properties go up from £70,000 to £200,000 in that same time. So maybe you'll need to look at your area, Mark. And also, if your values haven't gone up but you've got good cash flow, doesn't really matter. I'm more interested in the cash flow than the value. The further you go south, um, to the bottom of London, basically you get more capital growth but you get lower income. If your flats haven't gone up, as long as they're cash flow mark, you're all right. But if there's going to be a correction, maybe now's the time you want to buy. Okay, so go to tiny.cc/CIAPC, Cash in a Property Crash. Let me just summarize what we're going to cover. One-off, no recordings, no replays unless you're Rob Moore Team. I'm so going to bring a special guest expert, but I'm doing the first slot and I'm going to talk to you how I bought 20 properties with other people's money in year 1, 30 properties in other people's money in year 2, and how I cashed in on the crash, became a millionaire in the recession, and now have 340 rental units and 1,350 tenants. I'm going to take you on my whole journey and I'm going to show you the similarities to this recession and how I think you can cash in. And I'm going to show you some things that are against conventional wisdom and are contrarian, and that's why they work. We're going to tell you what we think is going to happen in the market and some of the top experts, how to be ready to buy low, rent high, the right types of property to buy and the ones to not buy, how to raise capital and not need deposits and savings, playing real-life Monopoly, going from houses to hotels to being the bank. People say, oh, in Monopoly you want to go from houses to hotels. No, you don't. You want to go from houses to hotels to being the bank. If you can be your own bank, um, and, and how raising rates can actually— how raising rates or rising rates can be your advantage. Anyway, I can see loads of people going to the link, so I've got to get out of here. You got any questions, comments, shares? Put them in the chat below. If like me you agree that, um, it, it's good for humans to benefit from this, not banks, hit the share button, because, um, a lot of people haven't got the courage to speak out against the banks. The banks artificially held rates low for so long. It saved the banks when really some of the banks should have gone bust, because the banks should have paid, not the taxpayer. The taxpayer paid. The banks kept rates for so low for so long, like the gambling companies giving free bets. They got you addicted to cheap money. And now you're stuck because all those fixed rates are going now. A million went in September alone, and there's millions still to come. And then the banks are going to buy back cheap the very properties they loaned to you. And I would rather you cash in than the banks. Thanks for tuning in, and remember, if you don't risk anything, you risk everything. Hit the share button if you want to get this message out to more people, and I'll see you on the House Price Crash Masterclass.