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Debate House Prices
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Property has potential, but work required.....
Comments
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If you lot are still wondering Hamish is an Uber bear parodying Bullish arguments on this market. He is a Avid Merrion type character.0
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Hamish if you predicted all this why did you buy peak?0
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shakerbaby wrote: »Hamish if you predicted all this why did you buy peak?
Because it makes almost no difference in the long run, which is what I've been trying to get across to some of our denser forum members for several months now. Last time around, the diffference betwen buying at peak and at trough was the difference between making 300% returns and around 290% returns since then.
I bought when I needed a second house, peak had nothing to do with it, providing a place for an aging family member to live did...
As it turns out, buying what I bought, where I bought it, STILL turned out to be far cheaper than renting even in the short term. Aberdeen is now at May/June 2007 prices according to Register of Scotland. To rent a comparable property in Aberdeen from 2007 until today would have cost close to £30,000...... Whereas the property will have lost around 10K in value, going on the actual sold price index from RoS, and mortgage interest has cost me somewhere around another 10K.
That leaves me at least 10 grand up from buying instead of renting in Aberdeen from 2007 until today.
Now thats a top moneysaving tip.:money:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Because it makes almost no difference in the long run, which is what I've been trying to get across to some of our denser forum members for several months now. Last time around, the diffference betwen buying at peak and at trough was the difference between making 300% returns and around 290% returns since then.
I bought when I needed a second house, peak had nothing to do with it, providing a place for an aging family member to live did...
As it turns out, buying what I bought, where I bought it, STILL turned out to be far cheaper than renting even in the short term. Aberdeen is now at May/June 2007 prices according to Register of Scotland. To rent a comparable property in Aberdeen from 2007 until today would have cost close to £30,000...... Whereas the property will have lost around 10K in value, going on the actual sold price index from RoS, and mortgage interest has cost me somewhere around another 10K.
That leaves me at least 10 grand up from buying instead of renting in Aberdeen from 2007 until today.
Now thats a top moneysaving tip.:money:
More to the point Hamish some things are more important than money! I wouldn't care if renting was (which it isn't) cheaper than owning I just wouldn't do it. But for a moment let's just assume it was cheaper to rent. I want to do what I want when I want (within the law) in my own home I don't want someone else telling me I can't have a dog, hang pictures, redecorate or worse still have to move out and go through all the hassle of moving just because my landlord says so.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »More to the point Hamish some things are more important than money! I wouldn't care if renting was (which it isn't) cheaper than owning I just wouldn't do it.
But for a moment let's just assume it was cheaper to rent. I want to do what I want when I want (within the law) in my own home I don't want someone else telling me I can't have a dog, hang pictures, redecorate or worse still have to move out and go through all the hassle of moving just because my landlord says so.
Exactly. Buying also gives you a far better quality of life, as well as long term financial security.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
If you lot are still wondering Hamish is an Uber bear parodying Bullish arguments on this market. He is a Avid Merrion type character.
:rotfl::rotfl::rotfl::rotfl:
That'll confuse them.....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Graham_Devon wrote: »The trolls were banned.
I'm using HPC to read stuff. There are still bulls posting. Just not the annoying ones starting 20 threads a day saying house prices are up up up.
Funny your saying that.
Everytime I have a look there, there is a whole bunch of more or less the same copy/paste merchants of doom-mongering threads starters.
Hint: int.................poff and cas...................ess
You are not finding this annoying are you since it fits your tune? :rolleyes:0
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