Recession finally hits the white hot property market of Aberdeen

mitchaa

Guys as soon as you start lobbing around personal insults, you lose all credibility.

Enough of the keyboard warrior stuff, a little childish no?

mystic_trev

mitchaa wrote: »

Guys as soon as you start lobbing around personal insults, you lose all credibility.

Enough of the keyboard warrior stuff, a little childish no?

Agree entirely, but Hamish really should stop acting like a Rottweiler. There are (after all) two sides to an arguement!

fc123

abaxas wrote: »

That is serious advice, but I'm 35. So it doesnt count for me.

For most, opting out is the best overall career plan. I can't change the world we live in, only give advice on how to improve oneself. It's sad that opting out is a way up the social ladder., but that is the world we live in.

Do you really think that?

Genuine Q, not a dig BTW.

HAMISH_MCTAVISH

MatteH wrote: »

But you like to gloat over unaffordable housing for the masses & cheer every increasing HPI as if it's beneficial to the majority (which it isn't).

So what are you like?.

:rolleyes:

Putting aside for the moment the self-evident truth that HPI is best for the majority of society.......

The conditions most favourable for strong HPI, and the conditions that the bulls on here wish to see happen, are those of high levels of employment, a thriving and stable economy, businesses doing well, increases in household income, and general prosperity for all.

The conditions you need for your beloved housing crash to occur, and that so many of you bears cheer on and hope for, are those of recession, mass unemployment, evictions, pay cuts, reposessions, homelessness, misery and economic downturn.

We long for success and prosperity for all....... You long for recession, unemployment, and poverty for as many people as possible until you get your crash.

Crashaholics are reprehensible specimens of humanity, who actively celebrate misery and cheer on recessions and unemployment. They are to be pitied at best, and despised at worst..... And threads celebrating Christmas job losses are as despicable as it gets.:rolleyes:

donaldtramp

None of them will struggle to find work, as ex-Shell staff make a fortune contracting and consulting.

That aint happening just now. There are a lot of folk being thrown out of "consultancies" and the likes just now. Contractors in Aberdeen are struggling at the moment. But that's the gamble, take the cash and hope you get work. It's going the other way at the moment.
Shell has a problem in Aberdeen with the ageing and progressively less productive assets it owns in the North Sea.
I am surprised that it is only 250 to be honest.
I know someone who has received one of those notices and he said that has "no chance of getting another job at the moment"
Mitch, I agree with you about the tight as ducks !!!!!! up here! But house prices will come down I think. You can't resist the market forever.....

Pobby

Hypocrite is what you are Hamish. For ever banging on with your obsession regarding HPI in Aberdeen. Telling us all how well paid you and your wife are when there are folk here struggling. Oh and a motor bike for her at Christmas.

Good stuff. Just as some poor begger is going out of their mind oh how they will struggle on JSA. So do think Hamish before you go on attacking some one else.

mbga9pgf

Shell, as I was led to believe when I attended a business conference the other week, is currently undergoing its biggest ever cull of personnel in its history. All unproductive or uneconomic wells are currently being reviewed. I know Aberdeen will be relatively immune, but the suggestion there are going to be loads of well paying big oil jobs out there is frankly false. Shell are still making bumper profit and still undergoing a major cull.

The executive I spoke to after the conference was almost machiavellian. He sees it as a good thing, chopping dead wood and making space for valuable staff (such as himself!) what a tw*t! (the whole point of recession for me though is to make it bonus for a business; getting rid of staff that are frankly a burden to the business - only the strong survive)

Emy1501

HAMISH_MCTAVISH wrote: »

:rolleyes:

Putting aside for the moment the self-evident truth that HPI is best for the majority of society.......

The conditions most favourable for strong HPI, and the conditions that the bulls on here wish to see happen, are those of high levels of employment, a thriving and stable economy, businesses doing well, increases in household income, and general prosperity for all.

The conditions you need for your beloved housing crash to occur, and that so many of you bears cheer on and hope for, are those of recession, mass unemployment, evictions, pay cuts, reposessions, homelessness, misery and economic downturn.

We long for success and prosperity for all....... You long for recession, unemployment, and poverty for as many people as possible until you get your crash.

Crashaholics are reprehensible specimens of humanity, who actively celebrate misery and cheer on recessions and unemployment. They are to be pitied at best, and despised at worst..... And threads celebrating Christmas job losses are as despicable as it gets.:rolleyes:

The last few years have shown us that unstainable HPI is bad for the economy. Don't tell me that you did know that the large amount debt people in this county were building up was unstainable and we were going to have problems at sometime. We all know that most of the increase in household income was based on mewing. This was pointed up back in 2003-2004 to Mr Brown. Of course most did not know the extents of the problem but it was always going to happen.

You remind me of a pyramid scheme salesman. preaching that HPI is great and eveyone should jump on before its too late when I suspect deep down you know its not sustainable. The reality is that you need eveyone to jump on at the bottom to keep pushing your investments higher.

Its funny that you have no recent investments in property when its such sure bet. Sorry I do not buy the argument that BTL etc does not interest you. I suspect the reason you have not bought recently is that you like many of us have no idea where the market is going and therefore have no interest in taking a risk in the housing market.

You just want others too take the risk for you,

wageslave

Emy1501 wrote: »

The last few years have shown us that unstainable HPI is bad for the economy. Don't tell me that you did know that the large amount debt people in this county were building up was unstainable and we were going to have problems at sometime. We all know that most of the increase in household income was based on mewing. This was pointed up back in 2003-2004 to Mr Brown. Of course most did not know the extents of the problem but it was always going to happen.

You remind me of a pyramid scheme salesman. preaching that HPI is great and eveyone should jump on before its too late when I suspect deep down you know its not sustainable. The reality is that you need eveyone to jump on at the bottom to keep pushing your investments higher.

Its funny that you have no recent investments in property when its such sure bet. Sorry I do not buy the argument that BTL etc does not interest you. I suspect the reason you have not bought recently is that you like many of us have no idea where the market is going and therefore have no interest in taking a risk in the housing market.

You just want others too take the risk for you,

I agree with the first part of your post. The sort of HPI that drove the economy may well have been wonderful for those who own property but it proved to be a great deal less wonderful for the country as a whole.

The second part of of your post is not quite as accurate and yet the inaccuracies only strengthen your argument.

Hamish bought a BTL at the top of the market so he desperately needs continued HPI to rescue his investment. Because he is fundamentally a decent human being, he rationalises this by convincing himself that hyper house inflation isn't just necessary for him, it is necessary for the economy.

We all lie to ourselves.

Why would you expect Hamish to be any different?

HAMISH_MCTAVISH

wageslave wrote: »

I agree with the first part of your post. The sort of HPI that drove the economy may well have been wonderful for those who own property but it proved to be a great deal less wonderful for the country as a whole.

The second part of of your post is not quite as accurate and yet the inaccuracies only strengthen your argument.

Hamish bought a BTL at the top of the market so he desperately needs continued HPI to rescue his investment. Because he is fundamentally a decent human being, he rationalises this by convincing himself that hyper house inflation isn't just necessary for him, it is necessary for the economy.

We all lie to ourselves.

Why would you expect Hamish to be any different?

Wageslave, best to at least try to stick to accuracy if you're going to have a go at me.;)

I didn't buy a BTL at the top of the market. I don't own a BTL property.

I bought a smaller house in the city to live in, as we allowed our other house in the country to be lived in rent free by an aging relative whose circumstances had changed.

So I bought this time, for precisely the same reasons I bought last time. I happened to need a house at the time, and the choice was to buy one or rent one.

As it turns out, with Aberdeen rental yields for this type of property at almost 8% per year, and the price of these properties being down around 5% from absolute peak now, but still slightly higher than when I bought, the decision also happened to be financially sound as I'm significantly better off buying than I would have been if I'd rented.

The Aberdeen Register of Scotland actual sold prices indices have been posted here before, and can be checked at www.RoS.gov.uk , I don't need HPI to rescue any investment, as I'm already well ahead, by almost 20%, of where I would have been by renting for the last couple of years.