Life! It's hard! But it gives you.....wisdom! And insight! And the very occasional leg up!
Let's share!
Here's one from me!
Mortgage PPI. Despite what the interwebs and media might tell you, this is a really good thing to have. After all, if you get squished or perished or redundanted, you won't be earning. And not earning means unable to pay your rent. MPPI does this for you. But, with the current scandal of PPI in general, hundreds, if not thousands of people are cancelling this cover because they're being told it's bobbins.
What does this mean? Well in short, when the next recession hits, there will be a great deal of people out there losing jobs and income without the protection, which will very likely lead to a higher than normal rate of repossession.
My Top Tip for this? If you've ever fancied buy-to-let as a dalliance or career path, you could do a lot worse than plan to take advantage of this coming storm. Get saving up a warchest for desposits.
When properties are auctioned, you get them cheap as the bank just wants shot of it. A prepared individual could jump the crest of that wave!
Mercenary I know. But sod it. As the thread said, life is hard!
