Hey everyone, it's Rob B here with Rob D and you are listening to the Property Podcast.

Today's episode for me is up there with The Secret Property Crash, the Monopoly Strategy,

one of those episodes that you're going to listen to, hopefully more than once, and share with others,

because the data that we give you today helps you see an opportunity

that everyone else is missing.

Welcome to the Property Podcast. Thank you for joining us. In case you don't know,

we run a business that buys more than £100 million of the property for our clients every

year. You can find out about that at property hub.net slash invest. And while we're not negotiating great deals for our clients, we like to play around with data and run a few numbers and kind of procrastinate with data, if we're honest. But sometimes when we do, we discover some gold. We discover something incredible. Today is one of those days and we're going to share it

with you in just a minute. It's time for our news story of the week and the news this week is the Bank

of England have held interest rates and as a reminder they're at four. They have stayed at four

and Rob it looks like for the foreseeable future that's exactly where they're going to stay.

Seven members of the committee

voted to hold rates, two voted for a cut, but analysts believe, even with some of the committee

wanting rates to come down, it's not going to go anywhere for the rest of this year. Boo.

Boo, indeed. And some analysts seem to believe that we're also not going to see any cuts next year, whereas another one believes that we'll see rates of 3% next year. So I think in summary, what do analysts know? Everyone's just making guesses, whatever. Nearly as bad as podcasters. Yeah, exactly. I hate to think what we said in our predictions at the start of this year. We'll find out in a few months' time. But I think, Rob, this was all priced in. This is not really going to have much of an effect on mortgages. Mortgage rate's probably going to be sticking roundabout where they are. But as one of the things that we're going to talk about in this very episode, investments at today's mortgage rates might not actually look so bad. Today's episode is so exciting because this is a chance to update your beliefs and as a result get a huge leg up on everyone else.

And sometimes we talk about this in a general sense.

So like, you know, the belief the debt is bad, the belief that you should buy properties with cash.

All this kind of thing, if you have more helpful beliefs and understanding around these topics, then you will end up doing better than the people who don't.

But today what we're doing is bringing you a far more tactical, current, grounded in how things are

today type of example. Because the data we're going to share with you today, pretty much no one will be

aware of, no one will even believe when you show it to them. And as a result, they are operating

with faulty assumptions

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