One characteristic of a recession is a drop in the housing prices. This is why many experts would suggest selling property for cash now and buying it, or another one, back for a lower amount as the market bottoms out. This is an investing trick known as “shorting the market”.

Sell property for cash and renting for the short-term can take advantage of a fall in another price: rent. Rents often fall, or at least stabilise, during recessions because market conditions – more unemployment among tenants – prevent landlords from raising them.

Similarly the price of many big-ticket goods falls – so if you can wait before buying that new TV, you could snap up a bargain in 12 months or so. As people lose the will to spend, retailers are forced to slash prices to get whatever income they can. Similarly, if you are due a new car, fridge, or even something like a fitted kitchen, a recession is the ideal time to buy – especially if you have got money left over from selling your property for cash.

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