A hedge, just in case

triathlon

Well, I am going to bite a little, today I have put the first of two properties on the market as a safety hedge bet, not that I am even more than 50% sure of a crash in the property market. They are the first two properties I ever rented out from way back in the early days of Tony Blair entering No 10, God bless his soul.

Probably will be a force alarm and I am not risking my other properties just yet, or even close too, but if everything does go seriously wrong, Brexit for example, I will walk away with something.

Anyone else doing the same?

smipsy

whether something goes seriously wrong depends highly on what is a "seriously wrong circumstance" which applies to you.

aside from direst situations, you'd be able to weather anything by renting them out, rather than selling.

GreatApe

triathlon wrote: »

Well, I am going to bite a little, today I have put the first of two properties on the market as a safety hedge bet, not that I am even more than 50% sure of a crash in the property market. They are the first two properties I ever rented out from way back in the early days of Tony Blair entering No 10, God bless his soul.

Probably will be a force alarm and I am not risking my other properties just yet, or even close too, but if everything does go seriously wrong, Brexit for example, I will walk away with something.

Anyone else doing the same?

as you get older you should diversify and start to sell so you can start to spend the capital the homes will outlive you so plan accordingly

I think taxes are likely to go up over the next 5-10-15 years no matter who is in office as the population ages we will have less workers to retired and that will require a higher tax burden and left or right will increase stealth taxes before they increase income taxes so expect property taxes to continue to go up and perhaps even dividend taxes too

Thrugelmir

triathlon wrote: »

They are the first two properties I ever rented out from way back in the early days of Tony Blair entering No 10, God bless his soul.

The Treasury will no doubt be benefitting. :T

Never had an urge for property as a business. Trades aren't my forte.

Crashy_Time

triathlon wrote: »

Well, I am going to bite a little, today I have put the first of two properties on the market as a safety hedge bet, not that I am even more than 50% sure of a crash in the property market. They are the first two properties I ever rented out from way back in the early days of Tony Blair entering No 10, God bless his soul.

Probably will be a force alarm and I am not risking my other properties just yet, or even close too, but if everything does go seriously wrong, Brexit for example, I will walk away with something.

Anyone else doing the same?

Way too late, the time to sell was just before the Brexit vote (or just after during one of the "lulls" when people still believed that the vote would be "Cancelled" or other such nonsense)

Arklight

50% off by Christmas.

triathlon

Crashy_Time wrote: »

Way too late, the time to sell was just before the Brexit vote (or just after during one of the "lulls" when people still believed that the vote would be "Cancelled" or other such nonsense)

You seriously do not know what you are talking about, prices could drop a decade plus and I still would be making a massive profit boy

AnotherJoe

"force alarm" - selling to the police?

jonnygee2

but if everything does go seriously wrong, Brexit for example, I will walk away with something.

It depends what goes wrong and where you put the money. What if there's a huge rise in inflation and you've moved all the money into cash? Or an asset price crash after you've moved into equities?

Still, there's a good chance that house prices in the UK now are near the top of the market for the next few years and it seems very unlikely that buy to let yields are going up, so I guess if you can sell now at a decent price it's probably not the worst time to do it.

triathlon

smipsy wrote: »

whether something goes seriously wrong depends highly on what is a "seriously wrong circumstance" which applies to you.

aside from direst situations, you'd be able to weather anything by renting them out, rather than selling.

I am far from totally selling up, just want some more security in cash.

triathlon

Arklight wrote: »

50% off by Christmas.

Don't be so silly, -10 max at the very worst over two years, but so unlikely