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The housing market will always be propped up. For some reason it's not allowed to follow normal rulesLeave a comment:
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Mr Dublin will be fine. He also does other commentary like on football.Leave a comment:
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Me house is me pension
“The era of property as a pension is coming to a bumpy end
Buy-to-let has moved from a niche to a mainstream retirement strategy
Spare a thought for poor Dion Dublin. After seven glorious years as a co-presenter of Homes Under the Hammer, the former Manchester United centre forward must be wondering what the future holds for the BBC’s day-time property programme as talk grows of a housing market crash.
The format, for the uninitiated, is that investors snap up run-down properties at auction, then give them a quick makeover. After that, these budding property moguls either flip their new purchases for a quick profit, rent them out, or choose to actually live in them. Running for nearly two decades, the show has become the unlikeliest of TV smash hits, with Meryl Streep and Paul McCartney among its celebrity fans.
Yet, it may also find itself an unlikely casualty of Kwasi Kwarteng’s mini-Budget. Homes Under the Hammer isn’t just a celebration of Britain’s long-standing obsession with property, it was a reflection of the more recent growth of the buy-to-let sector from a niche into a mainstream retirement strategy.
Could the fallout from the Treasury's tax cuts bring down the hammer on the market for good? Along with the residential market, the buy-to-let craze had begun cooling before the new Chancellor chucked his tax grenade into financial markets on Friday. “
https://www.telegraph.co.uk/business...ing-bumpy-end/
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