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.