It is a fact that 2009 will be a tough year for many individuals and companies given the state of the economy and the housing market. However I get really frustrated when the media insist on pushing the doom and gloom story which far from helping the situation.
An example of this was an email that I received this week from my friends at Landlord Action who had been contacted by the BBC about a new programme they are making. The email said:
“BBC2 have contacted us about being involved with a programme called Property Watch. They are planning a series of programmes on property prices and the economic downturn, and we would like to hear about your property problems. They would like to hear stories and views from Landlords all over the UK facing repossession or struggling to meet their mortgage payments.”
As landlords and investors we all know the problems that we are facing at the moment. Does a programme like this actually help anyone or does it just make the situation worse? What we need is some positive news to inspire people, to lift their spirits and remind the general public that things will get better and to build confidence in the property market again.
The property market will recover when first time buyers start to buy again which will be when we reach the point when it becomes cheaper to buy than it is to rent. Unfortunately first time buyers listen to the news and read the papers as they don’t know any better. Time to do something about this I think. Watch this space as I have a plan which hopefully will be in place by late summer.
If you want to be successful it is critical that you do not allow all of the negativity to affect you. You results and achievements will be as direct result of your mindset, attitude and beliefs. Surround your self with everything positive and block out the negativity. This can be hard to do sometimes but it is essential that you do it.