PROPERTY: Potential Housing And Economic Meltdown - Richard Black of Home:Work
In this episode, Rob talks to Richard Black who started his working life as a researcher and then became a reporter and presenter for some of the world's leading TV channels and radio show providers. During that time, he became interested in property development, a passion that he now pursues full time. Over the years, he has tried out many different property development models. In the episode, they discuss why Richard is not currently adding to his portfolio, and why the bubble is likely to burst soon. As well as why Richard is concerned about the way people are borrowing and what will happen when fixed-rate periods end.
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
In this episode, Rob talks to Richard Black who started his working life as a researcher and then became a reporter and presenter for some of the world's leading TV channels and radio show providers. During that time, he became interested in property development, a passion that he now pursues full time.
Over the years, he has tried out many different property development models. In the episode, they discuss why Richard is not currently adding to his portfolio, and why the bubble is likely to burst soon. As well as why Richard is concerned about the way people are borrowing and what will happen when fixed-rate periods end.
KEY TAKEAWAYS
- Property is a very long-term game.
- At some point, the property bubble will burst.
- Everything that is being purchased at the moment is borrowed.
- People are borrowing far more than they can hope to pay back.
- A lot of people are forgetting that all investment comes with risk, including property.
- To get on the property ladder, you have to compromise.
BEST MOMENTS
‘I´ve always made my best gains in times when the market has been troubled.’
‘Property generally tends to double in value, every decade.’
‘When people buy property, they have usually spent a six-figure sum of money in less than a quarter of an hour.’
ABOUT THE HOST
Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
EPISODE RESOURCES
INSTA: @homework
Podcast: https://podcasts.apple.com/us/podcast/home-work-property-podcast/
Facebook: https://www.facebook.com/RichBlackRadio/
Facebook: https://www.facebook.com/HomeWork-106079948583274
Twitter: @richardblackuk
Websites: www.richardblack.co.uk
BOOKS
Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
Property FAQs = https://amzn.to/3MWfcL4
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PODCAST
The Property Nomads Podcast:
I-Tunes = apple.co/3bHNn5G
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