Now I should ask you which one you want first; the good news or bad news? Well since you cannot answer I will start with the bad news as it is good to get it out of the way!
Bad News: Interest rates are not going to ZERO
Good News: Interest rates expected to be 0.5% well in to 2010 said Howard Archer, chief UK economist
Now I know the experts get it wrong and actually no one can really see more than 3 months ahead. However it is comforting to know that rates are at least expected to be low for some time.
So all those tracker mortgage holders I know you will be celebrating in silence. I will celebrate in public: HOORAY!
So what will I be doing with all my excess cash? Buying more! I now have a portfolio that is so good it actually grows itself.
What will you be doing? I hope you are doing the same as me which I am fairly sure you are. Some of you must as all the stats are showing that buyers are back and I am confident it is you buy to let investors out there.
So will the rental market double over the next 10 years? Probably. I can only see more and more people attracted to investing as pensions and annuity rates are so poor that it is almost criminal what they have done with people's money.
Stick to what you know.
Posted on: 5th Apr 2009