TPP376: Has Coronavirus broken the property cycle?

The Property Podcast

Rob Bence & Rob Dix

Education, Business News, Business, News, Investing

4.8 • 2K Ratings

🗓️ 28 May 2020

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last week we brought you boom or bust. This week on The Property Podcast, The Robs are discussing the next hot topic: The 18 year property cycle. The 18 year property cycle is a tool that’s been used by thousands of investors to make more informed property purchases. But has it all gone to pot thanks to the Coronavirus? That’s exactly what Rob & Rob are discussing on today’s episode. And if you haven’t listened to last week’s episode, you should listen to that first. Again, we’ve been getting inundated with questions on the 18 year property cycle with people asking, ‘where are we in the cycle’? ‘is the cycle broken’? ‘are we going to enter another mid cycle wobble’? Well, the good thing is Rob & Rob are about to clear all that up. In the news this week, ‘UK mortgage payment holiday extended by three months’. At the start of lockdown was when the government announced mortgage holidays for those who had been put out of work due to the pandemic. The scheme offered a bit of a lifeline to those who needed it and initially it was for three months, due to run out in June. However it now seems that the government were a little optimistic about how fast they could get the country back on track, and it doesn’t seem like they’ll be able to do that by June. Therefore they’ve extended the scheme for an extra three months. Let’s hope we’re in a better position by the end of August. As promised, for this week’s Hub Extra we’ve got a number of resources for you to explain and cover what the 18 year property cycle is. So here you go: This course on the 18 year property cycle TPP269 - How the economic machine works: A summary TPP270 - The 18 year property cycle, year-by-year: Part 1 TPP271 - The 18 year property cycle, year-by-year: Part 2 But we also recommend that you watch this video by Ray Dalio on how the economic machine works. Plenty for you to get stuck into. 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. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 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	The 18-year property cycle has become a tool that's been used by thousands, if not tens of thousands of property investors to make better investment decisions.
0:11.0	But is that now in the bin? Has COVID-19 destroyed the 18-year property cycle?
0:16.8	Let's find out. Welcome to the Property Podcast where every Thursday property investors come to be
0:27.2	informed and inspired. At a time like this you probably pay a lot of money
0:31.3	for someone to tell you what the future looks like.
0:33.7	And something that we've turned to repeatedly to see a little bit of the future
0:38.3	and make some predictions which you can go listen to on the whole turned out to be
0:42.2	pretty accurate is the 18 year
0:44.0	property cycle. So if the property cycle is still something you can rely on it's the most
0:48.6	valuable tool that you can have in your toolkit at the moment. But is Corodavirus just so big, such a catastrophic event
0:56.1	that we have to completely throw it out? Well that's a view that you'll be able to come to by the end of this
1:00.4	episode. And if you don't know what the cycle is right now, you have no idea what
1:04.0	I'm talking about. Well, don't worry, you're still going to be able to follow everything that we talk
1:07.5	about and you'll want to stick around to the end for Hub Extra where we're sharing a whole host of resources that you can use to become a true
1:14.0	property cycle expert. So at the moment there's not a shortage of news in property
1:19.1	we're spoiled for choice so much so that we have the Friday updates the market updates coming out every week
1:25.1	So if you like this type of thing make sure you join us tomorrow for that so Rob as have said plenty of big news
1:31.0	Almost daily at the moment and this is a biggie.
1:33.4	The headline reads UK Mortgage Payment Holiday extended by another three months.
1:38.0	Yeah for anyone who doesn't know the mortgage holiday scheme means that you can apply to your lender if you've been hit by coronavirus if you've lost income as a result
1:46.7	to not make your mortgage payments for what was initially a period of three months.
1:51.3	It doesn't mean they're cancelled, it just means that you don't have to pay them now,
	...

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