Hi All
I feel that people who are now buying just for rental income to cover mortgages are too late.
Most people would love to purchase abroad have free holidays,regular monthly income,a property that rockets in value in a couple of years.
Unless you are a developer one can only guess the next Hot Spot to purchase in ...but remember when that destination gets known it will get flooded like everywhere else, its a gamble, there are no guarantee's.
At this moment with high interest rates, talk of a recession etc people will cut back on holidays.
Buy as an investment long term at present and you can't go wrong, as long as it is at the right price,and you can safely afford the upkeep without relying on renting.
|