Scots continue buying at inflated prices

HAMISH_MCTAVISH

kriss_boy wrote: »

Do you think we are a bunch of mugs?

No.

I just think you're a deeply insecure person, who is completely in denial as to the strength of the Scottish market, and who finds it impossible to accept prices have recovered fully in some areas of Scotland.

Thus the endless lashing out with hostility when we prove they have.

You're example conveniently compares the asking price of a £600 fully furnished flat with all the mod cons, versus a studio flat located above shops that is listed as 'offers over'.

I think your rental yield of 8.4% is a little outrageous isnt it...

Easy there Tiger......

You are right, I did miss the fact the first one was a studio.

Mea Culpa, and post now edited.

So here is another comparable on the same street that is a one bedroom, and in MUCH better condition than the rental flat for 600 a month.

http://www-n.aspc.co.uk/cgi-bin/public/LiveProperty/283032?ID=FMACBNEB#picture

Price is o/o 95,000.

Call it 100K after offers over.

Which equates to a 7.2% rental yield.

Still better than my claim of 7% yields in the original post.

HAMISH_MCTAVISH

1984ReturnsForReal wrote: »

Just in case you don't know.

You & your figures (questionable at best) are a lagging indicators.

.

Lagging indicators.......:rotfl:

Is that the new bear meme for "bulls were proved right"?

Is that really the best you can come up with?

Seriously?

What a joke....

I prove that Aberdeen buyers are many tens of thousands ahead of renters for the last 3 years, and after much thinking the best response you can muster is.... "lagging indicators"...

Holy crap we need a better class of bear around here, we really do.

Graham_Devon

For gods sake Hamish, just buy the place then!!

But you simply won't....for all the attempts to convince everyone else, you can't even convince yourself.

1984ReturnsForReal_2

HAMISH_MCTAVISH wrote: »

Lagging indicators.......:rotfl:

Is that the new bear meme for "bulls were proved right"?

Is that really the best you can come up with?

Seriously?

What a joke....

I prove that Aberdeen buyers are many tens of thousands ahead of renters for the last 3 years, and after much thinking the best response you can muster is.... "lagging indicators"...

Holy crap we need a better class of bear around here, we really do.

So, answer this question:

Why, exactly, are Aberdeen buyers continuing to pay over the odds for an asset which value is about to fall?



& yes Hamish.


The Scottish Ecomony lags behind Englands & Englands lags behind Americas'.

I make it 6-9 months behind the USA & Scotlands only a couple of months on top.

So yes, you lag.

You will be hanging your head in shame for the 2nd time this year. Very, very shortly.........

1984ReturnsForReal_2

Graham_Devon wrote: »

For gods sake Hamish, just buy the place then!!

But you simply won't....for all the attempts to convince everyone else, you can't even convince yourself.

Because if he followed his own advise he would be about 10-15% down on his investment already, without further falls...........

HAMISH_MCTAVISH

1984ReturnsForReal wrote: »

So, answer this question:

Why, exactly, are Aberdeen buyers continuing to pay over the odds for an asset which value is about to fall?

They aren't.

They are paying the price required to purchase an asset at this point in time.

And it is very unlikely to fall, beyond normal seasonal variances.

& yes Hamish.


The Scottish Ecomony lags behind Englands & Englands lags behind Americas'.

I make it 6-9 months behind the USA & Scotlands only a couple of months on top.

Nonsense.

The US and UK economies and housing markets have responded very differently to the crisis.

Only a complete and utter moron would make the claim that they follow each other in such synchronicity.

[So yes.

You will be hanging your head in shame for the 2nd time this year. Very, very shortly.........

:rotfl:

2nd time this year?

I've just been accurate to within 0.08% on a 12 month HPI prediction, after calling it spot on (within 2%) for the Scottish markets in 2009.

I predicted the current house price falls 9 months ago.

None of you bears can remotely come close over the last couple of years. You can't even get it directionally right, never mind to within a percent or two.....

HAMISH_MCTAVISH

1984ReturnsForReal wrote: »

Because if he followed his own advise he would be about 10-15% down on his investment already, without further falls...........

Wow....

It takes a truly special kind of idiocy to make such an easily disprovable assertion.

The more relevant question though, is why on earth does it bother you so much that Aberdeen is back to peak?

What p1sses you off so much about a market you don't have any interest in, being so good for homeowners?

Other than petty sniping at those who got it right, of course....:cool:

DervProf

HAMISH_MCTAVISH wrote: »

The more relevant question though, is why on earth does it bother you so much that Aberdeen is back to peak?

What p1sses you off so much about a market you don't have any interest in, being so good for homeowners?

I might ask the same of you.......

HAMISH_MCTAVISH wrote: »

http://www.bbc.co.uk/news/business-10915210

Annoying that prices are softening in 25% of the country though. Still, a few more reports like this and we'll no doubt see legions of sellers taking their properties off the market, reducing supply rapidly and forcing prices back up again. Just like last time around.

1984ReturnsForReal_2

HAMISH_MCTAVISH wrote: »

Wow....

It takes a truly special kind of idiocy to make such an easily disprovable assertion.

Hamish.


I only have to take a look back at your posts & find my ID in them & 50% will have you calling it wrong in them.


Its not hard.


You haven't got the faintest what is about to happen, have you?


You can admit it... I will not think any less of you.

Or more come to think of it.

harz99

Perhaps Hamish should add the words "in Aberdeen" to the thread title and save the rest of us reading about a city that is of no concern to us..............................................