Yes, I get it, the rental yields might save you a few bucks a week. But I don't need a few bucks a week, and at what cost do those few dollars come anyway?
No. Not at all. Not even close.
To say that the last decade has been a multi-speed market, would be the understatement of the...uh...decade.
London property prices - another city which I invest in, by the way - were recorded as being up by a stonking 18% y/y, taking the median price to now double that of the rest of Britain.
We have seen vendors pulling out 24 hours before exchange in order to seek higher prices, widespread use of gazumping, underhand tactics during sealed bid processes...and basically every other hallmark of a market frenzy you can imagine in recent months.
Everything is now stacked in favour of property owners from low interest rates to low vacancy rates to booming demand.
The London market has become completely suffocated by its lack of quality supply and prices just keep on going up...and up.
In fact, most parts of Britain have had a miserable 7 years of bad luck (although it's not really luck).
The other was the Outer Met itself!
The mind boggles. A truly desperate outcome.
No free lunches.