'We've reached a tipping point' Signs of house price weakness

Crashy_Time

Rota wrote: »

100% of the time.

So come on, man up and give us a number. Or we all know you are just a trolling loser.

You sound like a mortgage broker desperate for commission.

Crashy_Time

Rota wrote: »

Then another tenant would replace the current one. So what?

Or maybe a BTL landlord down on her luck. The block I am in now is half empty, some landlords here would jump at the chance of "another tenant".

ukcarper

Crashy_Time wrote: »

Problem is I didn`t want to own those 40k flats then or now, and I didn`t want to live in them for all these years, so what point are you trying to make? Are you saying that people should just buy over any other consideration?

The point I am making is that you have spent a lot more than you needed to. If you are happy to live in house shares that's up to you but claiming that makes financial sense over buying when you have been presented with the figures is nonsense. Also I do not believe house prices did not increase between 1997 and 2002 in Edinburgh and therefore that £45k flat would have been less and £45k would have bought you a nicer property.

wotsthat

Crashy_Time wrote: »

You see you are so wrapped in the idea of Must Buy, that you can`t consider alternatives.

I have stated before that my end game is having multiple years living expenses on hand in liquid assets. In fact it is not an end game, it is an on going game, and my very low rental costs help immensely.

Your strategy has ensured you're going to have to keep paying those rental costs when you could have been mortgage and rent free already at a lower cost. When you divide your liquid assets by your expenditure paying £5400/ year in rent can't be immensely helpful.

You could have moved a couple of times to places you thought were more suited to your needs and still be roughly cash flow neutral, have the same liquid assets and 100% of an illiquid asset.

robmatic

Crashy_Time wrote: »

You did say earlier that a tenant subsidises your lifestyle? This means the tenant could pull the plug on your lifestyle at any time?

The tenant provides a nice bonus - I already earn my living expenses in Turkey.

I am not overly concerned about a void period of a month or whatever if the tenant decided to leave.

You seem to think that having a mortgage should make me anxious. I've got a tenant, a sizeable overpayment reserve on my mortgage, a mortgage rate that's fixed until 2018 and plenty of liquid assets. Life is good when you're a debt slave!

Crashy_Time

wotsthat wrote: »

Your strategy has ensured you're going to have to keep paying those rental costs when you could have been mortgage and rent free already at a lower cost. When you divide your liquid assets by your expenditure paying £5400/ year in rent can't be immensely helpful.

You could have moved a couple of times to places you thought were more suited to your needs and still be roughly cash flow neutral, have the same liquid assets and 100% of an illiquid asset.

It`s 4k a year in rent.

Rota

Crashy_Time wrote: »

Or maybe a BTL landlord down on her luck. The block I am in now is half empty, some landlords here would jump at the chance of "another tenant".

Must be a crack den then. No wonder its so cheap. :rotfl:

Rota

Crashy_Time wrote: »

You sound like a mortgage broker desperate for commission.

How old are you again? :rotfl::rotfl:

See point made, such a financial illiterate that you will never buy. Troll

wotsthat

Rota wrote: »

So come on, man up and give us a number. Or we all know you are just a trolling loser.

Crashy has identified themselves as Dances with Sheeple and keeps linking to this thread on HPC. If he wants to keep posting over there he can never state, or even imply, there's a price which could be considered reasonable.

wotsthat

Crashy_Time wrote: »

It`s 4k a year in rent.

Your strategy has ensured you're going to have to keep paying those rental costs when you could have been mortgage and rent free already at a lower cost. When you divide your liquid assets by your expenditure paying £4000/ year in rent can't be immensely helpful.

You could have moved a couple of times to places you thought were more suited to your needs and still be roughly cash flow neutral, have the same liquid assets and 100% of an illiquid asset.