. If, as it sounds, you are buying it purely in the hope that its capital value will rise in future, then that's not investment at all, it is speculation, pure and simple.
An investment is something that gives you a regular income. Speculation (which many people mistook for investment during the boom) is about rising and falling capital values.
If you are buying it purely in the hope that its capital value will rise in future, then that's not investment at all, it is speculation, pure and simple.
Yes -I confess the uncertainty is a drag, though this is true nowadays of anything -shares, gold, overseas proeprty,currency trading- the future of Europe. It is all so uncertain.
Property taxes on small properties worry me less than potential anti-landlord actions by government due to this never ending perception that landlordsd are bad,greedy and undeserving of anything.
Property taxes on small properties worry me less than potential anti-landlord actions by government due to this never ending perception that landlordsd are bad,greedy and undeserving of anything . Thus, there may be more burdens (like PRTB,NPPR, BES etc) down the line, interest relief may diminish. Those are my worries.
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