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Debate House Prices
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Str
Comments
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IveSeenTheLight wrote: »Don't ya just love the use of the word "If" in these debates
Surely thats the one word that can be used when the OP is all about "ifs" in the first place?0 -
We were on vieings yesterday. We looked at one jut a few miles from the first property I mentioned when I joined ou merry little board, and frankly, its dramatic what we can get within simialr price bracket. (we have saved a little more now, of course, but we wouldn't need more to buy this place, and then the extra would go towards the improvments needed, thereby reducing our debt requirement or speeding up the proces of making it all rih for us.). We actually detoured past that first property to try and see if the diference was exaggerated in our mindswtih time, It hadn't.0
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Graham_Devon wrote: »Surely thats the one word that can be used when the OP is all about "ifs" in the first place?
I agree, STRing seems so far to be a very tight gamble of which they (on average) would have benefitted the maximum "if" they sold in September 2007 and bought again 17 months later.
Outside these dates and the gamble just gets tighter and tighter:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Not really that many STR's who will fit into the desired time slots. Much more fun to laugh at anyone who bought in 2007.
And the good thing is.
We can keep laughing until about 2015.0 -
Sorry Cleaver, let me rephrase that. I am happy to laugh at people I consider to be @ssholes, and who spend their time laughing at those who couldn't and can't afford to buy. In your case, because I like you apart from from your bull stance <spit>, I will not be laughing at you personally.We bought in April 2007. But then I'm used to being laughed at for a variety of things, so go ahead. Water off a duck's back.
This unfortunately rather confuses my message of hate.0 -
Not really that many STR's who will fit into the desired time slots. Much more fun to laugh at anyone who bought in 2007.
And the good thing is.
We can keep laughing until about 2015.
I bought a BTL in Jan 2007, Laugh all you want.
I have reviewed the outstanding mortgage and I have a wry smile at how quickly the mortgage is being paid off
By 2015 I really will be laughing as it is likely to be mortgage free :T:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Not really that many STR's who will fit into the desired time slots. Much more fun to laugh at anyone who bought in 2007.
And the good thing is.
We can keep laughing until about 2015.
My area is now just 0.75% down on August 2007 prices, and around 5% higher than Jan 2007 prices. Fairly sure there are other areas in a similar situation.
I'd quite happily laugh at the Aberdonians who delayed purchase since then waiting for a crash that didn't happen, but they seem to have completely lost their sense of humour about it these days for some reason..
I suppose that's what blowing 15% of your house costs since then on rent, AND having to pay an extra 2% or 3% bank margin on mortgages now versus then does to a person. “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 -
What is amazing is that not one single person every admits to having made a mistake. Not one.
I'll be the first. I should have got into BTL big time in 2001, gambled everything and got out in 2006. Would have made a fortune.
Anyone else?0 -
IveSeenTheLight wrote: »I agree, STRing seems so far to be a very tight gamble of which they (on average) would have benefitted the maximum "if" they sold in September 2007 and bought again 17 months later.
Outside these dates and the gamble just gets tighter and tighter
surely an STR is making an investment decision, they're like a short seller - you're either going to benefit financially or you're not.
it's sort of the reverse of a short term BTL investment looking at capital appreciation.
it takes a lot of timing to get it right - i'd think it would be pretty hard to time it right; sell at peak and buy at the bottom.
good luck to them though.0
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