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The Property Podcast

TPP309: Inflation: The hidden force that will build – or destroy – your wealth

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 14 February 2019

⏱️ 27 minutes

🧾️ Download transcript

Summary

Rob & Rob are back this week with part 2 of ‘Fundamentals February’ and this week they’re discussing the crucial topic of inflation. The Robs have talked about inflation in the past, but it’s still a topic that gets overlooked regularly. Today they’re going to prove why inflation is one of the most important parts of the property process. In this week’s episode The Robs discuss: What is inflation? How does it work? How can it affect you? Ultimately, inflation can either make you very rich if you adapt with it, or, if you choose to do nothing, it could break you. Year-to-year you barely notice, but over time it’s huge! So, now you might be thinking: Why does it happen? What does it mean for you? Tune in and all will be revealed. You’ll want a pen and paper to hand for this one. In the news this week, the government have been a busy lot! We’ve got a triple whammy of announcements: Electrical checks are now mandatory every 5 years Landlords now have to be a part of a redress scheme Only 1 in 10 landlords have their property fully managed   We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.    See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hello, welcome to the Property Podcast, of course I'm Rob B and still with the lovely Rob D and

0:08.1

this week we've got a cracking episode for you. Now the title inflation youflation, you may think, oh dull, but by the end of this

0:15.0

episode our mission is to make you so excited about inflation that you actually believe

0:20.5

it's one of the most important parts of property investment and actually it is.

0:25.6

Yes welcome to the Property Podcast where every Thursday morning property investors come together to be informed and inspired.

0:39.0

This is such an important episode. Whether you are new or experienced in property, this is a must listen.

0:45.9

And as if that weren't enough in itself, we've got three news stories for you and in Hub Extra a resource

0:51.5

that's going to help you have a better time across the entire internet.

0:55.0

So Rob we've clearly got good energy this morning because we're not doing one new story, we're not doing two,

1:00.0

no we've got a triple whammy. Three you stories in one week. Why?

1:05.0

Well, we have to because the government has been an absolute tear of announcing things.

1:09.0

You will be stunned to learn that there's not a huge amount of detail around these announcements

1:13.2

but it doesn't matter because they get to announce stuff which they love to do and it

1:16.4

gives us something to talk about so we're not complaining either. So there are two

1:19.9

big things that were announced last week. The first of those was that they have committed to

1:24.0

introducing mandatory five yearly electrical safety checks. If this sounds a bit familiar, that's because

1:29.8

this has been talked about as a possibility for years, for as long as I can remember in fact.

1:35.1

Gas safety has always been mandatory.

1:37.2

Electrical safety checks a good idea, of course.

1:39.4

Many landlords do them anyway, but it's never been mandatory. So it kind of makes sense to

1:43.7

bring it in. They're now saying they definitely will, but there is still no

1:47.6

time frame on it. So it's going to happen we just don't know when. So given

...

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