Simon squib you might have heard of him excuse me do you have a dream he talks about how he used to be homeless now he's a multi-millionaire at 15 I was homeless and now I'm a multi-millionaire I built a company and sold it and put 50 million in the bank 50 million in the bank apparently I mean there's no evidence for this at all but trust me bro he goes around the streets telling people two things number one to quit their job on the spot he even pays them he'll be like here's 50 quit your
job now deal there's the cash let's go so now we need to ring your boss and quit uh okay cool and he also tells people never to buy a property he says that property investment is a scam and he says that you're much better renting where you live and don't ever own a house at all we're going to break down his arguments and his points and then I'm going to combat them because quite frankly I'm pretty tired of hearing him over and over and over again talk about how terrible property investment is when it's clearly
one of the best investments on the planet excuse me do you have a dream have you got a dream I do have a dream actually Simon script tells all of his followers not to buy a house instead to build a brand everybody should be famous everybody should be an influencer like Simon squib yeah to be a doctor a doctor yeah I mean this is this is my tip I think everybody should become a personal brand so what have you got a website personal website no no I'm oh it's perfect time so you should set up
your own website I I partner with GoDaddy so I can help you get a website up a money what in the Simon slippery squib are you going on about he also tells people that renting is far superior to owning because you have the flexibility if something breaks the landlord can fix it and renting is just a much better business model people are stupid when they say it's mortgage versus rent I don't want to be stuck in one location because I own a house I would rather rent and if the landlords the rent moves somewhere else
we should start enforcing rules like you can only own one home B toet should be banned if renting is far superior to buying and renting is the way forward but people shouldn't have more than one home and it should be illegal to rent out houses then who on Earth are these renters going to rent from he also tries to put people off buying houses and becoming property investors by saying the real wealthy people don't buy properties I hear so often people talk about buy a house rent it out take that money buy another house rent
it out and that's kind of the last 30 years seems to be the way everyone thinks is to make money but in reality most people that have serious wealth that's not how they made it in fact most of the wealth in the UK is stored in property if you go on the Sunday Times rich list you can see that the hundred wealthiest people in Britain 25% of them have got property listed as their primary source of wealth even companies that you don't think of as property companies like McDonald s that are a food business they
actually make the vast majority of their money from what from property property business is a scam and ultimately eventually getting into real estate I'm not saying that property doesn't have a a place in in the accumulation of wealth what I'm saying you can wait buy a house and rent it out you think idiot I've got a brain I'm going to want to buy a house and change a lock on the front door and fix the kitchen and call myself a businessman off which one is it is it proper is unethical and we should never do
it or is it that it's a bad business or is it that we should do it but later once we become wealthy first it wouldn't surprise me if when Simon was telling you don't buy property don't buy property if actually behind the scenes he was buying property and building up his own property portfolio this five-bedroom house actually I bought it as a business I'm working on a project in England at the moment where we're trying to redevelop a High Street into accommodation huh I see a lot normally by mainstream newspapers saying don't buy property don't
buy property and who are the mainstream newspapers owned by people that are rich and investing in property so the property Market is going to crash it's not just going to crash and bring values down it could actually bring Society down he said this 18 months ago he said property prices are about to crash he captioned it housing will crash however it's been 18 months now what's happened properties have gone up you got me he didn't say in my opinion houses are about to crash he said studied this subject so deeply so there may be people
that were about to buy a house pulled out because of Simon's video and have now lost money now it's in the bank it's shrunken because of inflation and the flip or the deal that they were going to do they've lost the money because of it 80% of people that get into business fail within the first 5 years but in property if you buy a house chances are even if you buy a house blindfolded and just sit on it probably going to make money over time another big argument that he says is he says that houses
are a bad investment because he says look gold has done better over the last 35 years gold went up more since 1970 than property gold doesn't require you to change the windows and fix the gutter firstly that's kind of subjective generally speaking house prices and gold have kind of gone up hand to hand similarly but gold doesn't pay you any rent also you can't use debt against gold but now the argument is don't buy property what because gold is better okay if that's the case maybe you should be doing videos about why you think gold
is really good not why people should not buy properties he says here I got a LinkedIn post from him literally just one month ago saying do not not in capital letters buy a house people always get upset when I say this but my house has doubled in value since 1990 great so your house is worth a bit more but how much have you spent maintaining it I I don't think he believes this firstly if you bought an average house in in 1990 that was 34 years ago the average house in the UK in 1990 was
£57,000 now the average house is £300,000 so if you bought an average house in 1990 it wouldn't have doubled in value house prices tend to double in value in the UK every 10 years so when he says it's doubled since 9 that just wouldn't be possible that that would be appalling if it had only doubled if you're a landlord and you buy a house to rent out you know that maintenance is a business expense if it's a commercial property then usually that's on a fully repairing and insuring lease and the tenants are responsible for the
maintenance if you live in the property sure then you have to maintain it yourself but then you've got massive other advantages like security like when you spend money maintaining a house you're also potentially adding the value of the house if this was just Simon's personal opinion I wouldn't have a problem with that everyone is a free country but the the difference is Simon is going up to people in this street that are working their jobs telling them to quit their job and asking them what's your dream instead what is your dream to be an artist
£50 I'd like to start right away your career as an artist please please I'm I'm sorry I want to buy your artwork and when they respond and say well my dream is to become a property investor he slams them makes them feel stupid and tells them to find another dream what's your dream do you have a dream my dream uh to one day invest in property anything else property I'm not a fan of property I just want property no I think it's a scam do something where you can build a brand build value yeah like
property let me a property company with a good brand yeah I know they don't exist yeah that's what the real value is yeah property investors want to make money and the way to make money in business is to buy rundown houses cheap and then to renovate them that's how you make money in the property business property business is a scam if you're buying Rundown properties and refurbishing them you're bringing more supply to the market you say property byul isn't even a business of course it's a business your house is your product and your tenant is
your customer you talk about how it should be a legal to own more than one house what we going to do let the government just own all the properties whenever the government take over all the properties and ban byet you know what happens Devastation communism ruins everything it touches and despite you calling yourself a capitalist for some weird reason when it comes to property you become a total communist and everybody who wants to get into The Bu toet business is in my opinion getting into the [ __ ] up the world business your audience and
your following deserve an explanation for your ridiculous absurd and terrible misleading and false advice around the property Market
