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. 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 www.thehomework.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   WEBSITE www.tpnpodcast.com    SHOP   www.tpnpodcast.com/shop    SOCIAL MEDIA   Instagram - https://www.instagram.com/thepropertynomadspodcast/   Facebook - https://www.facebook.com/ThePropertyNomadsPodcast   YouTube - https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg Patreon - https://www.patreon.com/tpnpodcast   PODCAST   The Property Nomads Podcast:   I-Tunes = apple.co/3bHNn5G   Stitcher = bit.ly/3cFQVqe  Spotify = spoti.fi/2XaZliP  uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast