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The Property Podcast

ASK236: Will there be a recession after coronavirus? PLUS: Has the 18 year property cycle been reset?

The Property Podcast

Rob Bence & Rob Dix

Education, Business News, Business, News, Investing

4.82K Ratings

🗓️ 19 May 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

This week on Ask Rob & Rob the guys are going to be answering two questions that we’ve been inundated with. The first question comes in from Danny who’s wanting to know if there is going to be a recession after the coronavirus, as that’s what he’s been seeing a lot of in the media.  Naturally reading headlines like this is going to make you wary, and with Danny having a buy, refurbish, refinance and rent project on his hands, he’s worried that if there’s a recession, he might struggle to refinance.  It’s a situation that a number of investors might find themselves in and an upcoming recession is certainly a topic that’s playing on everyone's minds. Luckily Rob B is on hand to clear this one up. Our second question is from Pete in Warrington who’s wanting to know what The Robs thoughts are on the 18-year property cycle. Will the cycle reset due to the coronavirus?   Again, it’s something that everyone’s asking themselves, and a topic that Rob & Rob have been doing a lot of research into and figuring out where we might be at the end of this.  It’s a topic that the guys will be going into further detail on in Thursday’s podcast episode, but Rob D is giving a teaser on what you can expect from that episode. Tune in to find out.    Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).    Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob.

0:03.4

And I'm Rob.

0:04.1

And this is Ask Rob and Rob.

0:05.5

Hello everybody.

0:08.8

Welcome to Ask Rob and Rob, the show where you get your questions in and we will give you our answers.

0:14.4

Now this week we're really being tested because people want us to predict the future

0:18.4

and we will do our very best of that.

0:20.3

But if you'd like us to give predictions of the future, then you need the hotline to call on.

0:25.4

And luckily, that bit's easy.

0:27.6

It is, all you have to do is call 013, 808,00035, that's 013, 808,0.35 or head over to Property Hub.net slash Ask.

0:37.0

Either of those methods will allow you to leave us a voicemail, re-record it if you

0:40.9

mess it up. We have that luxury, so it's only fair that you do as well and then send it over to us and we will get you an answer just like we're about to do for Danny.

0:48.0

Hi Robin Rob, it's Danny here. My question is with regards to the coronavirus, there's a lot of talks around in the media that it's going to be a recession, etc. with regards to it, and I was wondering what are your faults on it because I'm currently buying my first

1:07.0

by tolets in Liverpool and Manchester and one of the properties is by refurbation, refinance and rent and I wanted to know what do you think the effect of the coronavirus is going to be, is it going to affect my refinancing on the BRI project or not?

1:26.0

Great question Danny and actually lots of people have been asking just this very thing,

1:30.3

you know, are we going into a recession?

1:32.1

How will that impact us? well the thing you need to

1:34.5

understand is you're already operating in a recession it may not have officially

1:39.1

been noted that we're in a recession yet but it will be in the future it will be noted at the time

1:45.2

of this recording we were in a recession but actually you should be uplifted by

1:49.7

that because you're already operating in that environment.

1:52.8

We all are.

...

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