Let me put it to you straight. If you had to blame the recession on anyone – and I mean absolutely anyone – who would it be? The Government? America? Estate agents? Well, you’re not far off.
Truth be told, I think most people would point the finger of blame at the London Bankers whose reckless investments undoubtedly contributed to the recession that we still find ourselves in.
I know, I know – how can one small group of individuals be at fault for so much? Surely they didn’t cause the financial meltdown alone? No, I would suggest that the government also has to take some responsibility, but the reality is bankers have a lot to answer for!
But lucky for you and me, their mistakes have resulted in our fortune!
Let me enlighten you.
Property Hogging
You may have noticed that in the last 4 months property prices have been rising. Against all improbability – and expert opinion might I just add – property prices have risen 1.4%; with this improvement being most prominent in properties worth over £1m.
One of the reasons why property prices are rising the fastest on £1+ million properties is because the bankers who helped to cause the crash in the first place are now refusing to sell their properties at a loss.
Unwilling to receive 20% below the properties original value, bankers and other wealthy home owners are not putting their properties on the market, thus creating a shortage of £1m+ properties.
And of course when there is a shortage of a commodity its value increases. So the bankers who have been building their own wealth by cashing in for years are in fact now helping to drive property values back up by keeping hold of the best investment they ever made – their own property portfolio!
Why does this matter?
Quite simply by triggering the recession they have inadvertently created an opportunity for savvy investors like you and me to buy property cheaply. And now that they are refusing to sell their properties for a loss they are creating a shortage and pushing prices back up, meaning now is the perfect time to buy and benefit from an improving marketplace!
Do these people have any idea of the impact their actions have on the rest of the UK? Not very likely, but at least their latest decisions are having a positive effect for a change!
In their determination to ‘stick it out’ they have helped investors to make substantial profits.
So what are you waiting for?
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