House Price Boom Starts Again.......

Graham_Devon

HAMISH_MCTAVISH wrote: »

The latest national average rental yield is 3.9%. The rent you are paying on a 100K property, is on average, £3900 per year, or £325 per month.

May I politely suggest you get real

That's £500 UNDER the figures you were boasting on your "rents are on the rise" thread just a couple of days ago.

HAMISH_MCTAVISH

Graham_Devon wrote: »

May I politely suggest you get real

May I politely suggest you either debate the facts, or go away.

You asked me to engage, I have done so, and I have quoted a fact. The average rental yield IS 3.9%. If you can disprove this, feel free.

HAMISH_MCTAVISH

Graham_Devon wrote: »

That's £500 UNDER the figures you were boasting on your "rents are on the rise" thread just a couple of days ago.

Yes, because those rents were probably not based on a hypothetical £100K property.

Graham_Devon

HAMISH_MCTAVISH wrote: »

May I politely suggest you either debate the facts, or go away.

You asked me to engage, I have done so, and I have quoted a fact. The average rental yield IS 3.9%. If you can disprove this, feel free.

You posted only 2 days ago this:
http://forums.moneysavingexpert.com/showthread.html?t=1855189&highlight=

You took a quote stating the average rent was now £825.

You are now telling me to talk facts. Well surely that IS fact.

HAMISH_MCTAVISH wrote: »

Yes, because those rents were probably not based on a hypothetical £100K property.

Oh right, so I have to do facts, you do hyperthetical ;)

Anyway, thanks, you answered my question about whats good about house prices rising and high house prices. I think thats a completely selfish POV personally. But I know your not alone in thinking it. But, thats the only one thing you were able to mention as being good. It's a shame so many people have to suffer for that "good".

nearlynew

HAMISH_MCTAVISH wrote: »

Houses are an asset. Sure, they also have utility value, like some other asset classes, but fundamentally they are an asset.

Not if you don't maintain them.

I would imagine your "large, detached rural property" is just crumbling away without any maintenance spent on it.
(unless it doesn't exist, of course.)

HAMISH_MCTAVISH

Graham_Devon wrote: »

Oh right, so I have to do facts, you do hyperthetical ;)

Graham, this is why people dont engage with you.

You go off on pedantic tangents in a ridiculous and petty point scoring effort.

The fact is that the average rental yield is 3.9%.

If the average rent is £825, then the average price of rented property is obviously around 200K.

That in no way negates my point that a 100K property's average rent is £325 per month.

nearlynew

HAMISH_MCTAVISH wrote: »

........................
That in no way negates my point that a 100K property's average rent is £325 per month..........

Maybe not.

But it does mean you are a HPI cheerleading chancer and a very silly boy.

Graham_Devon

HAMISH_MCTAVISH wrote: »

That in no way negates my point that a 100K property's average rent is £325 per month.

It does when I ask you how you think renting is cheap, and then use a figure £500 under the average to say it only costs £3900 a year.

Thats not being pedantic. It's picking up on your extreme example. Even council rents are not that cheap.

HAMISH_MCTAVISH

nearlynew wrote: »

Not if you don't maintain them.

I would imagine your "large, detached rural property" is just crumbling away without any maintenance spent on it.
(unless it doesn't exist, of course.)

Once again, your point is irrelevant. The discussion at the time was about the costs of a house, and someones ability to save.

The fact that I have two houses is not typical, and thus irrelevant.

However, FYI, I have spent an average of £500 a year over the last 20 years or so, although about half of that was not really maintenance, but more upgrading.

In my more recent house, its been more like £200 since 2007. But that is smaller, and a terrace, and needs less maintenance.

You seem to have an idea that maintaining houses is very expensive. It isn't, if you buy one that has been well maintained, and ensure you conduct preventative maintenance and upkeep rather than letting things deteriorate.

nearlynew

Graham_Devon wrote: »

It does when I ask you how you think renting is cheap, and then use a figure £500 under the average to say it only costs £3900 a year.

Thats not being pedantic. It's picking up on your extreme example. Even council rents are not that cheap.

But you should know by now Graham, that McTittish will cling to any silly statistic in the hope that HPI will rescue him.

He is a very silly boy.



(and he still doesn't know how much his "large detached rural property" costs to maintain)



edit : posted before I had read McTittish's last post (#70)