That got your attention … didn’t it!
But before we start, what is Generation X, let alone Generation Z, Millennials, Baby Boomers … these are phrases banded around about the different life stages (or subcomponents) of our society. But when terminologies like this are used as often and habitually as these phrases (i.e. Gen X this, Millennial that etc.), it appears particularly vital we have some practical idea of what these terms actually mean. The fact is that everyone uses these phrases, but often, like myself, they are not exactly sure where the lines are drawn …until now…
Yes, I said ‘rentirement’, not retirement … rentirement
and it relates to the 301 (and growing) Hounslow people, who don’t own their own Hounslow home but rent their home, privately from a buy to let landlord and who are currently in their 50’s and early to mid-60’s.
The truth is…..
As I am sure you are aware, one the best things about my job as an agent is helping Hounslow landlords with their strategic portfolio management.
Gone are the days of making money by buying any old Hounslow property to rent out or sell on. Nowadays, property investment is both an art and science. The art is your gut reaction to a property, but with the power of the internet and the way the Hounslow property market has gone in the last 11 years…..
As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional […]
With the average 5-year fixed rate mortgage at 1.98% (down from 3.47% in 2014) and 2-year fixed rate at 1.47% (down from 2.37% in 2014), mortgage interest rates offered by lenders are at an all-time low (even with the slight increase on the Bank of England base rate a few months ago). Added to this, there has been a low unemployment rate of 6.1% in Hounslow, which has contributed to maintain a decent level demand for property in Hounslow in 2017 (interestingly – an impressive 420 Hounslow properties were sold in last 12 months), whilst finally, the number of properties for sale in the district has remained limited, thus providing support for Hounslow house prices, meaning …
I was recently reading a report by the Home website which suggested that hordes of landlords are […]
Talk to many Hounslow 20 something’s, where home ownership has looked but a vague dream, many of them have been vexatious towards the Baby Boomer generation and their pushover ‘easy go lucky’ walk through life; jealous of their free university education with grants, their eye watering property windfalls, their golden final salary pensions and their free bus passes.
……There is no denying the simple fact that over the next 10 to 15 years, the people who choose to rent instead of buy in Hounslow will continue to rise……