TPP610: How to turn a small portfolio into a property empire
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 21 November 2024
⏱️ 36 minutes
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| 0:00.0 | Hey everyone, it's Rob B here with Rob D and you are listening to the Property Podcast. |
| 0:05.9 | Today we have an episode that will leave you inspired. I've been inspired and I know you will |
| 0:12.8 | absolutely love the story that is about to be told. |
| 0:35.4 | Welcome to the Property Podcast. Thank you for joining us. In case you don't know, we run a business that buys over £100 million worth of property every year. You can find out about that at Property Hub.net slash invest. And today, we're sharing with you one of my favourite conversations of the year. |
| 0:38.7 | It's time for our news story of the week now. And this week's news story comes from the Sunday Times. A fine publication. And you should check out the |
| 0:43.1 | home section. There's a wonderful column in there by two property experts. Definitely worth |
| 0:47.1 | checking that out. But we focus on this story, which is Labor will build fewer houses than the Tories according to the OBR. |
| 0:56.7 | Now Labor, one of the big policies, one of their big campaigns is how they were going to build |
| 1:01.9 | more homes than ever before. They barely got comfortable before the OBR's come out with a report |
| 1:08.4 | and said, your numbers are rubbish. You're not going to |
| 1:11.5 | deliver those numbers. And actually, you're going to fall way, way short. And so short, in fact, |
| 1:16.3 | they will deliver fewer homes than the Tories did in the same time period. So what are the numbers? |
| 1:22.8 | Well, Labour has a target of 1.5 million homes to be built for England alone. The OBR expects that in |
| 1:32.7 | England they will build just 1.1 million and in total 1.3 million and the 1.1 million is a third |
| 1:42.3 | lower than the government target. So It's not going to miss it by |
| 1:44.9 | a couple of percent. According to the OBR, the plans that Labor have in place cannot be delivered. |
| 1:51.2 | Now Rob, we often will turn on our microphones and make fun of house building targets because |
| 1:56.0 | over the long period that we've been doing this podcast now, I don't believe that any government has hit |
| 2:02.4 | a target that they said they were going to deliver. Maybe they've delivered a year, but certainly |
| 2:05.9 | nothing over a parliament term has been delivered, and we consistently under deliver on this. So |
| 2:11.9 | this isn't a shock to us, but for Labour, it must be a bit of a blow, because this was one of their |
| 2:16.5 | leading policies, and for the OBR to come out and basically go, it must be a bit of a blow because this was one of their leading policies. |
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