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

Generali

Crashy_Time wrote: »

I didn`t sell in Edinburgh though, so you will just have to come up with more nonsense to prove your point. It is very likely that much of the stuff for rent on Rightmove eventually goes for cheaper monthly rates, when the owners get fed up with the void.

You want to accuse others of posting nonsense? You've successfully predicted 8 of the last 0 financial crises.

robmatic

Crashy_Time wrote: »

It is very likely that much of the stuff for rent on Rightmove eventually goes for cheaper monthly rates, when the owners get fed up with the void.

I marketed my flat in Edinburgh last January at the top end of the estimated range and found a tenant within a couple of weeks.

To be fair though, rents in central Edinburgh aren't too outrageous for tenants. I get a gross rental yield of 5.3% on the peaktastic price I paid for the flat in 2010.

Crashy_Time

Generali wrote: »

You want to accuse others of posting nonsense? You've successfully predicted 8 of the last 0 financial crises.

There is only one prediction that I am making, and we all know what that is?

Crashy_Time

robmatic wrote: »

I marketed my flat in Edinburgh last January at the top end of the estimated range and found a tenant within a couple of weeks.

To be fair though, rents in central Edinburgh aren't too outrageous for tenants. I get a gross rental yield of 5.3% on the peaktastic price I paid for the flat in 2010.

Are there any landlords near your flat with empty property?

wotsthat

Crashy_Time wrote: »

I didn`t sell in Edinburgh though, so you will just have to come up with more nonsense to prove your point. It is very likely that much of the stuff for rent on Rightmove eventually goes for cheaper monthly rates, when the owners get fed up with the void.

What god forsaken part of the UK hasn't seen house prices at least double since 1995?

You're spending what little credibility you have if you're trying to persuade anyone that £300 is a typical rent in Edinburgh when there's not a single rental available on Rightmove for anywhere near that price. I agree it's likely that there might be some kite flying going on but get real - the cheapest flat is around £650!

Your rent isn't typical - it's obvious.

Crashy_Time

wotsthat wrote: »

What god forsaken part of the UK hasn't seen house prices at least double since 1995?

You're spending what little credibility you have if you're trying to persuade anyone that £300 is a typical rent in Edinburgh when there's not a single rental available on Rightmove for anywhere near that price. I agree it's likely that there might be some kite flying going on but get real - the cheapest flat is around £650!

Your rent isn't typical - it's obvious.

I said £400 p.m, and if you think £650 is what you need to pay, then I am sure many Edinburgh landlords will be happy to welcome another southern numptie to their portfolio :rotfl:

Bubble_and_Squeak

mortgage lending down again
january is looking rather tasty

robmatic

Crashy_Time wrote: »

Are there any landlords near your flat with empty property?

Well, I lived in the area for 4 years (as a tenant and as an owner) and rental property always seemed to shift quite quickly. I found my tenant after two weeks. And according to Citylets, there are currently 6 properties available to rent in the whole area, and none on my street of approximately 200 properties. So it doesn't look like voids are a big issue for landlords in the area.

robmatic

wotsthat wrote: »

What god forsaken part of the UK hasn't seen house prices at least double since 1995?

You're spending what little credibility you have if you're trying to persuade anyone that £300 is a typical rent in Edinburgh when there's not a single rental available on Rightmove for anywhere near that price. I agree it's likely that there might be some kite flying going on but get real - the cheapest flat is around £650!

Your rent isn't typical - it's obvious.

Rightmove isn't the best indicator - Citlylets is the most widely used letting website in Edinburgh.

If you look on Citylets at the 164 available flats in the city centre, you will see that there actually two at under £500 (cheapest is £470).

Crashy_Time

robmatic wrote: »

Rightmove isn't the best indicator - Citlylets is the most widely used letting website in Edinburgh.

If you look on Citylets at the 164 available flats in the city centre, you will see that there actually two at under £500 (cheapest is £470).

But, as you probably know having been a tenant and landlord in Edinburgh, Citylets and Rightmove are far from the last word in what flats are renting for?