20:19 PM, 15th July 2011, About 11 years ago 12
One of my favourite sayings is that optimists see the glass as half full and look for the opportunity in every difficulty, pessimists see the glass as half empty and look for the difficulty in every opportunity and entrepreneurs are opportunists who take positive action regardless of market conditions, taste the contents of the glass and quench their thirst by drinking the contents if it tastes OK. The fourth group are of course the economists. They analyse the problem for a couple of years before reaching their conclusion that the glass was too big.
The landlords I speak to fall into three distinct camps;
I’d very much like to get your views on what’s been good about the credit crunch and what’s not been so good for buy to let landlords.
I’ve started a list below of some of the good and the not so good effects of the credit crunch. I could go on and on, but I’d really like you to share your thoughts in the “Leave a reply” box below.
What’s been good?
What’s been bad?
OK, so this might not be a completely balanced perspective but what would you expect from an entreprenuer who looks for the opportunity in every difficulty and takes action based on prevailing market conditions?
Do you agree with the points I’ve made or do you disagree? And why?
What would you like to add?
What’s your conclusion? Has the credit crunch been a buy to let landlords nightmare or a blessing?
What do you think the future holds for landlords?
10 years from now, what percentage of landlords do you think will believe they made the right choice to invest into property?
I look forward to reading your comments.