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I think we have to understand that there is a UK mindset that one must own property or one is stupid. This derives from the huge property price runup in the UK. It is an understandable mindset because of this. It would be wise of our UK BMs to be aware of their own bias in this regard. I own property in the US, but not in an area that has boomed so I am not caught up in the presumption of ownership as a path to riches.

 

Renting would surely seem to avoid a lot of risk until you really, really understand the area.

 

Wise words indeed

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