Mark Alexander - founder of Property118.com
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;
- those who are sitting on large chunks of cash and carefully snapping up bargains,
- those who are stuck in a rut because they can’t afford to sell, they can’t refinance and they are worried sick about interest rate rises and
- those who are oblivious to what might happen as we pull out of recession or are simply burying their head in the sand. Continue reading Has the credit crunch been good or bad for buy to let landlords? →
