I am a student with a few tens thousand £ in capital what I have earned from something I don't want to talk about. Today my parents asked if I wanted to chip in with them and buy a holiday villa (with the view to rent it out).
If I was to put up £30k cash to help them buy, am I doing a worth while thing. They haven't looked looked in to it properly yet but this is about as much as I could afford to offer them. Any advice is good.
>>1386212
we live in a giant property bubble caused by 0% interest rates. It's gone on so long people think it is the new normal.
Stay away from real estate until we have proper interest rates, historical average is about 5% in most western countries.
>>1386224
This
but its a way to wash your drug money...
You could buy your own 1 bed flat with that much in spain. If you get together 100k euro you could get a townhouse with its own pool and rent it out for 1000 euro a week in summer. Pays for itself.
>>1386298
truth is, no one knows the future, but consider this:
rates are at or near 0% in most places. EU, Japan, Switzerland even has negative rates (WTF?)
Bill Gross (the bond king), a guy who made billions being long bonds for 30 years, has now come out as a bear on bonds, he's shorting bonds now! he's not the only 'big finance guy' to talk this way.
Moar QE (money printing) is comming.
It looks like there will be massive devaluations in currency coming. The market will FORCE central banks to raise rates to defend the currency.
>>1386298
prices correlate with interests (negative)
So if the interests rise your property will loose value. Since property are long term investments it woudnt be smart to invest now
