Can You Save £57 A Day, 7 days A Week???

Pobby

This is not a dig and I am not attempting to bait anyone. Why should Aberdeenshire be bucking the trend? I travel a lot and I don`t see evidence of this in the South East and West, Wales and the South Midlands.

Again, this is not a loaded question.

HAMISH_MCTAVISH

Pobby wrote: »

This is not a dig and I am not attempting to bait anyone. Why should Aberdeenshire be bucking the trend? I travel a lot and I don`t see evidence of this in the South East and West, Wales and the South Midlands.

Again, this is not a loaded question.

Traditionally, Scotland has fared better in house price crashes. We don't get as much of a boom, but we also don't get as much of a bust.

Aberdeen in particular has done reasonably well, it started with a base of unemployment at around 1.5% going into the recession and this peaked at around 3.5%.

It also has the highest average income in Scotland, at £36,000 (mean, male, full time), and plenty of very high earners from the oil, financial and life sciences sectors. Access to mortgage funding for these people has remained easier than for the general population, so rationing hasn't had as big an impact.

With 2 universities and a large college, rental housing is in short supply so rental yields are high, 7% or 8% yields are common. There was never a glut of BTL up here and yields stayed high as a result.

Geographic isloation and downright stubborn locals probably helped as well, the crash didn't even start here til mid 2008, and only lasted til April 2009. Prices have risen spectacularly since then according to RoS actual sold price data, up more than 20K on average in just a few months.

Ironically, the late entry into the crash means we still have one of the bigger YoY shortfalls according to Nationwide, despite also having some of the fastest rising prices in the UK. A strange statistical quirk.

mitchaa

Pobby wrote: »

This is not a dig and I am not attempting to bait anyone. Why should Aberdeenshire be bucking the trend? I travel a lot and I don`t see evidence of this in the South East and West, Wales and the South Midlands.

Again, this is not a loaded question.

As said above by Hamish, Aberdeen is the oil capital of Europe. Oil means money and if you've taken a trip to Aberdeen you would know this with the amount of 911's and Bentleys that are parked on every street corner

I would argue that Aberdeen offers the best quality of life in terms of the salaries on offer vs the quality of life you can have, even ahead of the financial industry of London.

I/We have an income of just short of £100k pa and live comfortably, pick me up and drop me into London, it would be very ordinary, and i'd be living in a 2bed flat as opposed to a 4bed countryside detached. I suspect to match my lifestyle in London we'd need to be earning £150-£200k as opposed to £100k here.

Electricians earn £60k, mechanical engineers earn £60k, even scaffolders and painters are earning £45k offshore. Anywhere else in the UK, they'd be earning half these amounts.

The rental market is very strong because of this so its a BTL's wetdream up here. 2bed flats easy £800-£900pm

mewbie_2

chucky wrote: »

Schadenfreude is very, very common on this forum...

it's the born again HPCers that are the worst kind.

Mainly because 'we' have the most to be schadenfereudic about. Not much schadenfreude to be had when you're sat in some dump, with a huge mortgage frantically checking the house price figures to make sure you didn't do something very very stupid.

Who posts the most graphs on here - eh? Not me mate - they're going to crash, that's all I need to know.

damanpunk

Not quite every street corner

I don't doubt the quality of life is good just now but I'd be putting together an escape plan for the next 10-15 years time!!

chucky

mewbie wrote: »

Mainly because 'we' have the most to be schadenfereudic about. Not much schadenfreude to be had when you're sat in some dump, with a huge mortgage frantically checking the house price figures to make sure you didn't do something very very stupid.

Who posts the most graphs on here - eh? Not me mate - they're going to crash, that's all I need to know.

but you'd get the biggest prize for posting the most twaddle desperatly seeking social oe even internet approval through your Thanks count. :T

and me sat in a dump with a huge mortgage - i don't think so... :rolleyes:

btw it's good that Google is around to tell you what Schadenfreude means... :beer:

new_home_owner_3

mitchaa wrote: »

As said above by Hamish, Aberdeen is the oil capital of Europe. Oil means money and if you've taken a trip to Aberdeen you would know this with the amount of 911's and Bentleys that are parked on every street corner

I would argue that Aberdeen offers the best quality of life in terms of the salaries on offer vs the quality of life you can have, even ahead of the financial industry of London.

I/We have an income of just short of £100k pa and live comfortably, pick me up and drop me into London, it would be very ordinary, and i'd be living in a 2bed flat as opposed to a 4bed countryside detached. I suspect to match my lifestyle in London we'd need to be earning £150-£200k as opposed to £100k here.

Electricians earn £60k, mechanical engineers earn £60k, even scaffolders and painters are earning £45k offshore. Anywhere else in the UK, they'd be earning half these amounts.

The rental market is very strong because of this so its a BTL's wetdream up here. 2bed flats easy £800-£900pm

I know you go on about how you are considerably richer than everyone else, but could you just answer me one question when exactlcy do you work?? Because you seem to be on here most days, posting all day and all night.

Are you spinning us a yarn? i smell bullsh!t:rolleyes:

mitchaa

new_home_owner wrote: »

I know you go on about how you are considerably richer than everyone else, but could you just answer me one question when exactlcy do you work?? Because you seem to be on here most days, posting all day and all night.

Are you spinning us a yarn? i smell bullsh!t:rolleyes:

I post on average 3 posts a day my friend, you can check by going to my user profile. If you class that all day and night, well....:rolleyes:

I am not rich in the slightest, I live fairly comfortably but still watch my pennies like every other man. I wouldn't class a £5k pm income as rich, my mortgage accounts for £1500 and childcare £800, by the time I pay the bills, add in fuel and food money, it soon dwindles away. Like i said before, I certainly couldn't save £52k in 2yrs.

I have no reason to lie, most people can put 2&2 together. I have a vested interest in the Aberdeen property market (Obvious isn't it) Aberdeen is oil rich (obvious) and I work in the offshore oil and gas aviation industry to which many people know. A £55k salary here isn't exactly anything spectacular, I have colleagues working offshore earning £80-120k pa so if i was to go to the bother of posting drivel about myself i'd waffle about offshore earnings.

Believe what you want, I personally couldn't give a monkeys. You have 90 posts or so and been here 5mins, ive been posting the same old rubbish for way over 2yrs now:p

mitchaa

Additionally, having just checked the stats, i post on average 3.25 x per day, you my friend 3.46 x so who spends more time posting drivel on here?

Dunces cap........ corner........ you know the rest

PasturesNew

mitchaa wrote: »

I think ordinary
£100k or so between us. Im not wealthy in the slightest but we do live a fairly good comfortable lifestyle.

Isn't that something like the top 1% of earners?