In this YouTube commentary, Rob Moore explains that the UK housing market is currently the toughest it has been for first‑time buyers in 70 years, citing a Building Societies Association report. He outlines how the traditional single‑income requirement has shifted to a dual‑income expectation, mortgage rates have risen sharply, and rents have surged (up 9.2% in the past year and 20‑50% over five years). These factors combine to make home ownership increasingly unaffordable for young people. Moore then softens his long‑held view that buying a home is always the best path, suggesting that renting and investing in income‑producing buy‑to‑let properties may be wiser given the current environment. He describes an “investment triad” of falling prices, relatively low interest rates, and rising rents, noting that while the perfect balance is rare, enough elements are present now to present opportunities. The video concludes with a promotion for his digital platform, Rob.team, offering a free 12‑module Money Mastermind University course and an upcoming “Cash in a Crash” masterclass aimed at helping viewers capitalize on the market conditions.
Chapters
Housing market, the worst it's been in 70 years. Now, this is for first-time buyers, and this is according to the Building Society Association. I have an article here, I'm going to refer to it just in case all of the people who get upset and triggered by my posts get upset and triggered Now, um, I believe if you are a first-time buyer or you want to buy your own home, that it is possibly as tough, maybe, as it's ever been. Now give me a yes in the comments if you remember when only one person in the household needed to work, when you only needed one proof of income to buy your own home. Give me a yes if you're old enough to remember that. Well, now, according to a report by the Building Societies Association, that has completely changed. Now, in this short video, I'm going to give you a fair warning. This is not scaremongering. By the way, when the fear is real and the struggle is real, this is not scaremongering. This is reality. Surely it's best to know what risks are out there and not just meditate and be mindful and spiritual and everyone will be happy. No, be real, but then have solutions. So at the end of almost all of my lives and videos and content, I offer solutions for you. I will also make an admission I think I've softened or changed my view on something that for probably 15 years I, I can't believe I'm actually saying this, but as the world changes, you need to change your views accordingly. I'll share that at the end. Okay, so according to the Building Societies Association, there are now the toughest conditions for first-time buyers to buy a home. This is bad for first-time buyers But stay with me because it does present opportunities. Now, you used to only need one proof of income and one income stream, one job per household.
Do you remember that?
Give me a yes if you do. And now, not only are most people needing two jobs, two income streams, many mortgage lenders are actually requesting this as a requirement to get a mortgage. I.e., they require two jobs and two income streams. So issue number one is needing two, not one, income streams. Issue number two is now people, adults, are needing support from their parents to be able to get on the housing market, which apparently, you know, in the Thatcher era, it was, it was everyone's right to own a home. It was one of the great things about the UK.
In the UK, property goes up historically.
It has since 1088. And, you know, owning your own home is like one of the benefits of being in the UK. And it's almost like your, your right to have your own home as part of your pension and your future and your security. And shit's really changed. Okay, the next thing that's happened obviously is mortgage rates have gone up. Now they are not wildly high. But they are historically in the last decade very high. They're actually only now about average.
But if you compare to the last 10 or 12 years when rates were virtually nothing and therefore borrowing was not much beyond free, now things have changed.
Interest rates have gone up, affordability has gone down, the amount of income you need to prove has gone up, and finally rents have gone up. Okay, now apparently according to official figures, um, rental costs have gone up by 9.2% in the last year. Rents have gone up a lot— 20, 30, even 50% over the last 5 years depending on your area. Okay, so this is hard for young people, this is hard for first-time buyers, and that is a reality. So what can you do about it?
Well, the thing I'm softening on that I'm surprised I'm saying, because I wouldn't have ever said this before, is maybe it is time to think about renting your own home, being more mobile. Maybe you want to leave the UK like many people do because of the extortionate tax and the falling of the Great British Empire. And maybe now it's time to start investing. So what the Americans would always say is don't buy your own home, rent your own home, and buy assets i.e. investment properties that produce income, and use them to pay for your rental property. And for probably 15 years, I disagreed with that because in the UK there's good tax breaks for owning your own home. It wasn't very difficult to own your own home. Your properties would go up, your own home would go up, doubling maybe every 12 to 15 years. Um, but now that interest rates have gone up sharply and you need to prove two incomes and it's harder to buy a house and all the costs have gone up, I think I'm softening, or at least here's what I would say. If you haven't got major affordability, if you're relatively young, if you want to experience the world, if you want to generate more income more quickly, I probably would say if you had the choice, invest in income-producing buy-to-lets rather than dumping all your money into your own home. And maybe that'll surprise many of you that I'm saying that. Now look, would I still own my own home if I could?
Yes.
If it didn't wipe out my affordability and I had the money, of course I would. There's many benefits, but I'll talk about that in another video.
So here is now the opportunity.
So if you're a first-time buyer, maybe you want to look at renting and put that money into investing in property as an asset, as an income stream. Now of course, if you're in central London, these costs are even worse. So here's the opportunity: if rents have gone up, is that good or bad for your cash flow as an investor? If it is much harder for first-time buyers and interest rates have gone up a lot, might there be more repossessions? Might there be a drop in prices if interest rates and mortgages have gone up significantly? If it's harder for people to get residential mortgages, these all offer opportunities. Now, normally, if you want the perfect storm of opportunity for investing to produce income, You, you ideally want relatively dropping prices, relatively low interest rates, and relatively rising rent. So you've got this like triad. So relatively low dropping prices, relatively low interest rates, because that's your cost of finance, and then relatively high rents. Now at the moment, prices are softening.
They have been relatively high, but they're dropping.
Interest rates were, were very low. They're still relatively just on the low side. There is talk of them going down. You might want to get in before they go up. But of course rents have soared. So actually you're probably not going to get the perfect triad more than, I don't know, a very short period of time through every cycle. But you might have 1.5 to 2.5 of them right now. So I believe the opportunity is in investing rather than buying to live in. And buying below market value property while the prices are dropping, while the rates are still somewhat affordable because they're still lower than the long-term average. This surprises many people, but of course while rents are soaring. So look, if you'd like to learn how to cash in on the crash, make, manage, and multiply more money and build multiple streams of recurring income, especially getting into property and real estate, especially knowing how to invest, the right types of properties to invest, how to raise money how to do joint venture partnerships and use other people's money and cash in on this opportunity, which is hard for first-time buyers, I recommend you join Rob.team. So Rob.team is my digital financial freedom platform to help you start and scale a business, make, manage, and multiply money, get your income streams up, your tax bill down, your earning power up. The good news is it costs less than 20 pence a day to join. You can cancel anytime. There's no ongoing contract, and we have a special training session in 6 days' time on how to cash in on the crash, a live one which you're absolutely going to want to jump in on if you believe there's an opportunity. If you feel like the first-time housing market is a bit screwed, if you want to take control of your own financial future, and then join rob.team. The link is rob.team. Team. I've just shared it in the comments there. Rob.team. If you join right now, by the way, I'll give you my 12-module, 16-hour Money Mastermind University online course completely for free. I recorded that live to my Rob.team members, um, and now all the 12 modules are recorded and in the members area live now. Um, that would probably be £700 if and when I sell that as its own 16-hour course. In fact, 16 hours live with me in a course is usually 2 grand plus. So you can get that as a bonus for joining Rob.team. In 6 days' time, we've got an emergency cash in a crash content special for anyone who's feeling the pinch in the first-time buyer market, for anyone who thinks the housing market is unsustainable and a bit screwed, like the Building Societies Association do, for anyone who wants to invest, Take control of your own financial future, build your own pension. So join rob.team if you want to get access to all of this. Just type in rob.team. And we also have, you know, um, good approved recommended brokers, solicitors, advisors, mortgage brokers, etc., in there that you can gain access to.
So there's a bit of an update. Quick summary is that it's possibly the worst and toughest conditions for 70 years to be a first-time buyer, and because needing two proof of incomes and two jobs instead of one, because of soaring rents and increase in interest rates. Perhaps now's not the time to buy a house. Perhaps you need to wait for prices to drop.
Perhaps you need to take that money or learn to become an investor and get income-producing properties, not houses that drain you financially like many homes are now for people.
The world has changed. So let me know what you think in the comments. Do you think it's a bad first-time buyer housing market? Um, according to the Building Society Association, the housing market is broken. Um, they've seen it decline over the last 20 years.
They think it's virtually impossible to get a house and things need to change.
So let me know what you think in the comments. Uh, please also share this because The world is changing and, you know, the dream of owning your own home is now a dream and it used to be pretty normal.
And you'd have your own home as financial security for the future, for your retirement, for your pension. Now I think you have to have investments and you have to create your own pension and your own— be your own independent financial advisor. Things have completely changed. That's why I have Rob.team, to help you make, manage, and multiply more money, to help you educate yourself on building your own pension and your own financial future. And now more than ever, it's important to educate yourself. So, and there's hundreds of hours of courses, resources, and masterclasses to make, manage, and multiply money and build multiple streams of recurring income in rob.team, especially this new upcoming Cash in a Crash Emergency Zoom masterclass coming up in 6 days. So type in rob.team, see in the members area, Share this if you think I've made some reasonable points, or if you want to keep the discussion going. And remember, if you don't risk anything, you risk everything.
