17 Sep Is Buy-to-Let Property Rent Control Law A Serious Threat To Landlords And Tenants?
Is Buy-to-Let Property Rent Control Law A Serious Threat To Landlords And Tenants?
Landlords switching to holiday lets and SA (Serviced Accommodation) for less regulation and higher profits.
Rent controls will drive private landlords away, reduce inventory and increase rents for tenants.
World Banks say central bank interest rate hikes could cause a 2023 recession.
US Mortgage Rates hit 14-year high as Pound falls to 37-year low against US Dollar.
How will higher interest rates affect property prices, wider economy and stock market?
Watch video on Charles Kelly Money Tips YouTube channel = https://youtu.be/BmskS4YkTg8
Higher interest rates increase the cost of money or borrowing and has the effect of slowing down economic growth, profits and ultimately stocks and share prices.
Property prices are higher than a year ago, but the rate of price growth is slowing.
Corporate insolvencies have jumped in England and Wales, as economic conditions and inflation start to hurt businesses. A bell weather company, FedEx, saw its shares plunge after a profit warning linked to a gloomy economy.
When times are good, and borrowing is cheap everyone buys more on credit and the economy expends. But the cycle never lasts, as we cannot keep on borrowing and creating money out of thin air forever…
The party is over!
Inflation is running out of control, which means the central banks will have to tighten monetary policy and pull back the reins on the economy.
Now is the time to learn how to manage your money and prepare for the financial winter.
- Do you have any savings?
- Do you know how to invest or where to invest your money to build financial freedom?
- For how long could you pay your bills if you lost your job?
- Are you fed up struggling?
What can you do transform your finances and become financially free?
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