House Prices Crash 15% in 2 Months 😳

House prices crash 15% in 2 months. Now I have proof about this which I'll share with you in a moment. Um, inflation realistically is probably 15%, which pushes your cost of living significantly up, therefore naturally makes your affordability for housing lower. Interest rates are up dramatically. Now, long term, 3-4% is not really high, but compared to what we've been used to for 12 years, which is 0%, then it's huge. So a lot of people now are having mortgages that are £1,000 a month to repay if they're on a variable rate. When they're used to the low hundreds. So this is going to push more repossessions. This is going to mean that properties are going to be sold cheaper on the market. This is therefore going to drop the average price down. Of course, we've got all this fear in the market. We've got the reaction still to come from lockdowns and all sorts of stuff that's been going on in the world. So, um, The thing about property that's really important is that it's not a national investment or asset, it's a local investment or asset, or where you live. Like, what the prices are in Scotland is of no use to you if you're buying in Bournemouth. And that's why I always look at local prices, and so should you. And locally in my area, at the lower end of the market that affects the most people The lower-end properties have dropped 15% in 2 months. 15% in 2 months, which is huge. If you factor that over a year, I mean, there's not gonna— it's gonna be nothing left. And now Jamie has said it's not crashed 15% where he lives. Well, Jamie, what I'd do is this, um, I'd have a look at your local area and I'd have a look at the lower-end market. Because by the way, the higher-end market has not crashed 15%. And in the last recession of 2008, the lower-end market went first. It went 30% in 6 months. And the higher-end market, it took a lot longer because people have maybe a lower loan-to-value, so lower overall percentage of mortgages. They have higher affordability, therefore they're probably affected last. Now when it comes to investing in property for you, you're probably smartest to start at the lower end of the market anyway. No point really in going into an area and paying a million pound for a house because the rent against the mortgage is low, the yield is low, the net returns are low. So actually, to start for investing and for yourself actually for buying a home, like if you want to buy a home, here's a quick tip: buy the worst house on the best street, because then you can do it up and you can add value. Whereas if you buy the best house on the relatively worst street, that's the ceiling, that's the highest value, and you can't push it up anymore. So you're looking locally, which is important because national statistics are irrelevant. And of course, national statistics can— they can get, um, propagandized up by the, the media, um, whereas what's relevant to you is local, because that's where you're going to buy a house and that's where you're going to buy an investment. And then there's different echelons of the market. Now, I'm the most interested in the lower end of the market for investing and the higher end of the market for my own home. And I'm looking for best— worst house, best street, and what the lower end local prices are selling for. And in my area, it might be different in yours, but it's probably going to be fairly similar. They've— they just literally went 15% in 2 months. Now, if they carry on like that, we are going to be in a full-blown crash. Now, um, I don't know how much further they've got to go. If 2008, the market dropped 30%, I cannot see how it can be less, and I can only see how it can be more. So let me ask you a question: do you think the market is going to go down more in this next coming crash than it did in 2008? Let me know if you think it's more or less. So my local area, lower-end properties went down about 30%. They went down really quick in about 6 months, and then they leveled off. And that's normal, by the way. People think that the markets go down slowly and they go up slowly. Mostly they hover, and then in the odd 6- and 12-month period, they soar up like they did in lockdown. And then in the odd 6- and 12-month period, they soar down like they did in 2008. So this is why I talk a lot about property. Well, one, I have 360 properties, I have 1,250 tenants, it's what I do. A lot of people don't know that about me. But two, importantly, is you've got to be ready because you could just miss the soaring down or the soaring up. Because what you want to do, if you could time it, you want it to soar down, buy, and then you want to own and it soar up. That's what you want to do. My local area is just outside London, Peterborough, just an hour north of London. So I think it's going to be more than 30%. Why? Because the banking crisis of 2008 was the banks. Now I know the banks provide the money, so that's a big factor, but this time around in the UK, for example, you've got Brexit, lockdown, of course you've got COVID, you've got inflation, you've got high interest rates, you've got really high taxation, you've got, you know, really reduced affordability. You've got all these different factors, um, that are causing stress in the property market. Also, we haven't had a crash since 2008. Cyclically, in the cycles, you're probably looking at every 15, 17 years, um, peak to trough, boom to bust. And we're 15 years since the last crash, so maybe it's naturally got to happen. And then of course, feel about all the emotion and the fear, um, in the market right now, and that reflects back in prices. So look, if you'd like to learn how to invest in property or buy your own home, well know the implications of interest rates and inflation, the best time to buy, maybe how to raise finance and raise deposits so that, you know, you can get into property even if you haven't got a lot of money because I was £50 grand in debt when I started and most of my properties therefore have been no money down. So if you'd like to learn how to do all of this, I've got an emergency Zoom. Now it's coming up in about 28 hours so you've got to register really quickly. Also some of my Zooms have been oversubscribed 2 or 3 times Like I had one registered, 4,000 people register, locked out of 1,500. That was the max that could get on. 2,500 people couldn't get in. So you've got to be quick. So, and this is an emergency Zoom. Nope, no recordings, no replays. I'm going to put the link in the comments in a minute if you want to learn how to invest in property, look at the market, look at ways to spot bargains and ways to raise finance. The link is in the comments. There you go. Go and register now and then come back. Do it now because if you leave, you'll forget. Danny has said he thinks this is the worst crisis since 1706. I certainly think this is the worst crisis since the Second World War. I mean, our affordability, relative spending power, is the lowest since the Second World War. Government debts are at fever pitch. In fact, looks like the American's going to hit its debt ceiling threshold um, uncontrollable debt. You know, hundreds of billions have to be paid just in interest on the debt, which means that a lot of your tax— I mean, I was working this out, um, I think up to half your tax goes on interest on government debt and to pay for government. I mean, it might be more. Think about that. Half of it's already gone. It doesn't go into any services or anything. It's gone on interest and paying for government. It's crazy. Okay, Dawn has just registered for the Zoom. The Zoom is how to raise finance, how to get into property, an analysis of the market, how to cash in on the crash. And that's what this Zoom masterclass is going to cover. No recordings, no replays unless you're a Rob.team member. And it's an emergency one in that we set it up just a couple of days ago, um, and it's in about 28 hours. The link is in the comments. So go register now and, and then let me know in the comments, um, do you think the crash is coming? Do you think the crash is here? Do you think it's going to be bigger than 2008 and worse? Um, Danny said it's going to be, as you know, the worst in the last, what, 300, 400 years? Certainly, I think for sure it's going to be worse than 2008. That's my thoughts. Now, by the way, when I say worse, it depends on the viewpoint, because I bought some of my best properties in 2008 and 2009. They were the highest discounts, the highest yields, the highest cash flows. I was buying single lets for £60,000, £70,000 that are worth £200,000 and £250,000 now. I mean, that is crazy. Um, and so it's a great opportunity, and I want to share with you these opportunities. Not— I'm not, um— some people think I'm a bit of a doom monger because I talk about the reality of what's going on and that you've got to be wise to it, but I always end up on an opportunity. I always finish on strategies and tactics and opportunities, and that's this Zoom. If you go on to this Zoom masterclass then we're going to talk about strategies, tactics, and opportunities to not just survive but thrive in the crash and the recession, to make cash in the crash, to cash in on the great crash of 2023. So the link is in the comments. I'll share it one more time so you can go and register. But a lot of people talk about macro market, um, numbers and statistics and economics, like average UK house price— not relevant. What's relevant is your local house price. Um, and the whole of market is not relevant. It's the segment of the market that you're going to buy in. And so the proof that I've got that I'm sharing with you is that locally to me, in the lower end of the market, they dropped really quickly at the end of 2022. Pretty much 10 to 15% in 60 days, 15% in 90 days. And if that goes the same again, then we've already equaled the crash of 2008. So thanks for tuning in. Remember, if you don't risk anything, You risk everything. I wonder if you wouldn't mind sharing this as well, because there's going to be a lot of fear out there about the market crash, the property crash, the economic crash. But actually there is equal upside opportunity, and that's what I try and do. Yeah, you know, I'm a bit pissed off with the government. I'm a bit, you know, I'm concerned for a lot of people. I am. I think certain things in the market and in the finance world and in the banking world are not fair for the masses. But, you know, all I can do is share what I think is right and share the upside opportunities. And help as many people as I can. So if you hit the share button, let's do that together. Log in on the— well, register first on the Zoom and log in in about 28 hours' time, just tomorrow or today if you're watching the recording, and I'll see you there. And I'll do a live Q&A as well, and I'll bring in a no-money-down expert. Thanks for tuning in, and remember, if you don't risk anything, you risk everything.