Newsletter – The UK Landlord & The Economy – March 2008 Issue 28
Welcome to the March 2008 edition of the LandlordZONE® Newsletter.
With the continuing turmoil in the financial markets as I write the question now is not if there will be problems with the economy in general and property markets in particular, but just how bad will it get?
Whichever way you look at it the collapse of the US bank Bear Sterns (the US equivalent of Northern Rock) and it’s subsequent takeover by JP Morgan Chase it’s a significant event, in some respects the like of which has not been seen since the 1930s.
Had Bear Stearns not owned its headquarters building, the sale price of $240 million or $2 a share (under review but down from $160), would not have been possible. At $1,000 a sq. foot the building is worth $1.2 – $1.3 billion, so the actual value of Bear Stearns less their headquarters at 385 Madison Avenue would be minus $1 billion.
This all makes the message that dropped on my mat the other day inviting me to a seminar on property investing all the more ironic. “How You Could Give Up Work and be a Property Millionaire Instead”
Well it’s always good to be optimistic and there’s always a danger in talking ourselves into a recession, but the organisation putting these out is off the scale of what I would term responsible investment advice.
They do themselves and the industry few favours and I feel the main effect will be to “come back and bite”, not just themselves, but a lot of others in the industry as well.
Looks like we’re in for a rough ride.
Tom Entwistle, Editor.
This issue is wholly sponsored by Coverlet one of the leading providers of insurance for the rental property market.
Landlord’s Insurance from Coverlet
Don’t miss these Landlord & Property Shows Coming Soon…
These three shows promise some really worthwhile products and some of the industry’s experts will be offering some sage advice for these difficult times:
The seminar programme will feature:
Tom Entwistle (founder of LandlordZONE)
John Socha (Vice Chairman, National Landlords Association)
Richard Bowser (editor of Property Investor News)
David Lawrenson (author and founder of Lettingfocus.com)
Jim Haliburton (H.M.O. specialist)
If you are planning to visit register online for FREE
Thousands of landlords and buy-to-let investors are expected to visit the free to attend:
Invest in Property Show Friday 27th & Sat 28th March held at Oldbillingsgate in the heart of the City is sponsored by the Sunday Times.
The City Edition is dedicated to delivering informative, educational and independent...
advice. Guest Investment Speaker—US Guru—Robert Shermin
A Beginners Guide To Making Property Investments—Stefano Lucatello, Caroline Hollingworth, Irene Tzortzoglou
Evaluating Property Investment Opportunities—James Gonzalez, Ben Mason, Nick Dare, Rebecca van Lierde Molinoff
Property Investors Masterclass—Johannes Conradi, Liz Peace.
Introduction to Leveraging Indirect Property Investment Opportunities.
Over 80 exhibitors & a comprehensive seminar programme:
Friday, 16.30 & Saturday, 16.00 – Tom Entwistle, LandlordZONE—Selecting & Managing Your Tenants: The Key to Success in the Rentals Business
Friday, 15.30—The BBC’s Sarah Walker will outline how to Present your Property for Quick Rental at the Best Possible Price, and Adding Value to Your Investment
Friday, 14.30—Keep up-to-date with the law: Landlord Law’s Tessa Shepperson looks at Essential Legal Points for Landlords
Leaseholder Rights from ALEP (The Association of Leasehold Enfranchisement Practitioners) as they explain How to Negotiate the Minefield of Owning a Flat…
We look forward to seeing you at these shows!
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