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

Crashy_Time

wotsthat wrote: »

Sold STC £55k. 2004 probably £35k?

You've spent too much time trotting out stuff that everyone either believes or can't be arsed to check. You have no idea about prices in your own area - I live 300 miles away and it takes literally seconds to check.

I don`t care about prices in my area if it involves flats, they are not worth owning at any price IMO, the quality of life is for flexible renting only, and as you know I am still able to save plenty. The point is, many of the drops from peak will be quite interesting. You have to understand the areas as well, Gorgie is in the heart of the city and is a bit rough and ready (less so now maybe) Wester Hailes is on the fringes of the city and used to be one of the most notorious estates in the UK for crime and deprivation (much less so now of course)

ukcarper

Crashy_Time wrote: »

http://www.rightmove.co.uk/property-for-sale/property-31889139.html


This one is interesting because they are playing up the tram connection (as opposed to the Sean Connery/Castle/Parliament/shortbread connection) Stenhouse was a big BTL area when it all seemed so easy, back before the initial collapse, and I would be happy to rent this house for about 600 p.m

You would be better off buying it at £562 a month.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Wow that really proves how much better off you are renting for over 16yrs..... Well reasoned argument crashy..... Well done:rotfl:

How's this for a point?

You've spent over 80k in rent when you could of bought for about 60k factoring in interest.... You would now be living rent free.... Better again you'd actually have your own bathroom rather than having to bog brush the loo after your crackhead housemate has been for a dump.

But I don`t want to be tied to a house in Stenhouse that is heading back to 40k, what is it that you don`t get? Most of the shared houses we hired cleaners, no one cleaned toilets.

wotsthat

Crashy_Time wrote: »

http://www.rightmove.co.uk/property-for-sale/property-31889139.html


This one is interesting because they are playing up the tram connection (as opposed to the Sean Connery/Castle/Parliament/shortbread connection) Stenhouse was a big BTL area when it all seemed so easy, back before the initial collapse, and I would be happy to rent this house for about 600 p.m

£93k 2004/ £60k 2003 currently up for £100k.

If you're willing to pay £600/ month now think what your mortgage would be if you'd bought in 2004, 2003 or 1997.

Now you've seen the numbers don't you wish you'd got a time machine. You don't get this service on HPC - blissful ignorance seems to be preferred.

System

Well, 2 pages of scabby flats that sold for less last year let alone in 1997 is too much excitement for me, nn.

Crashy_Time

wotsthat wrote: »

£93k 2004/ £60k 2003 currently up for £100k.

If you're willing to pay £600/ month now think what your mortgage would be if you'd bought in 2004, 2003 or 1997.

Now you've seen the numbers don't you wish you'd got a time machine. You don't get this service on HPC - blissful ignorance seems to be preferred.

Currently worth about 40k. Used to work in the Stenhouse area, would have been okay to rent for a couple of years, landlord picking up all the repairs etc, then move on without having to watch a For Sale sign gather tumbleweed for three or four years. Don`t you get it yet?

saguk1234

Arguments aside, wow those Edinburgh flats are dirt cheap but then I would say that living in London!

wotsthat

Crashy_Time wrote: »

I don`t care about prices in my area if it involves flats, they are not worth owning at any price IMO, the quality of life is for flexible renting only, and as you know I am still able to save plenty. The point is, many of the drops from peak will be quite interesting. You have to understand the areas as well, Gorgie is in the heart of the city and is a bit rough and ready (less so now maybe) Wester Hailes is on the fringes of the city and used to be one of the most notorious estates in the UK for crime and deprivation (much less so now of course)

You linked to them - not me remember.

Happy to play Rightmove Bingo with houses. I've a horrible feeling you could have a nice house for not much more than you've paid in rent on flats, HMO's and houseshares.

If you want to make it about peak then here's a suggestion. Abandon this username and get a new one then come back and pretend you bought in 1997, STRed in early 2007 and bought back in in early 2008?

Jack_Johnson_the_acorn

from the BBC

The cost of renting a home has risen by 2% in the last year, with increases seen across nearly every region of the UK, a survey has suggested.
The average cost of renting a home stood at £753 a month....... Ouch. What a generous LL you've had crashy.... Or what dumps you've lived in???

wotsthat

Crashy_Time wrote: »

Currently worth about 40k. Used to work in the Stenhouse area, would have been okay to rent for a couple of years, landlord picking up all the repairs etc, then move on without having to watch a For Sale sign gather tumbleweed for three or four years. Don`t you get it yet?

I've got it. Rather than use real numbers, logic and maths you want to rely on assertion and hope it's taken as fact. You are talking rubbish.

Like I said you won't be around when they sell. You might feel your ears burning though