The Property Podcast TPP613: Reviewing our 2024 predictions (how did we do?)
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Dec 12, 2024 Rob and Rob review their bold predictions for the 2024 property market, uncovering whether they struck gold or missed the mark. They discuss the impact of new rental laws, challenges faced by potential renters, and the surprising resilience of average property prices. The conversation also dives into their miscalculations on rent increases and interest rates, alongside insights into FTSE 100 and Bitcoin futures. They explore how AI tools like Perplexity are shaping their future forecasts in this ever-evolving market.
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Reviewing Predictions
Rob and Rob reflect on their predictions for the year, noting their nervousness about reviewing past forecasts. They consider it a 'silly reason' to go over their earlier statements.
Consider Rental Market Fundamentals
Focus on the underlying fundamentals of the rental market, such as supply and demand. Avoid basing predictions solely on current trends, as they may not reflect future realities.
Bitcoin Predictions
The Bitcoin market showed significant growth later in the year, contrary to expectations of a stable year. Timing impacts predictions, emphasizing the unpredictable nature of markets.