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From: Ian Johnson
I'm just a bit confused! I know that interest rates are very favourable but at least in Newcastle, property in the bottom 20% of the market is snapped up on the first day on the market and possibly before!? There is nothing to buy and the prices are very inflated. Is this a case of people being whipped into a frenzy due to low interest rates, government grants and a pack mentality? Would it be better to wait till the market cools before investing in further rental properties? I'm trying to resist the urge. Has anyone got any wisdom re this? Roosy
I'm just a bit confused! I know that interest rates are very favourable but at least in Newcastle, property in the bottom 20% of the market is snapped up on the first day on the market and possibly before!? There is nothing to buy and the prices are very inflated. Is this a case of people being whipped into a frenzy due to low interest rates, government grants and a pack mentality? Would it be better to wait till the market cools before investing in further rental properties? I'm trying to resist the urge. Has anyone got any wisdom re this? Roosy
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