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

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Of course buying two very different houses at two different prices doesn`t mean houses are decreasing in value, I may have been lucky,

That's all I needed to hear, so we agree that renting two different flats of value and quality doesn't mean rent prices are decreasing.... As you asserted earlier!!!!!

Nice one.... Think you've just made my point for me.

P.S have you been lucky or are you secretly telling little porkies:iloveyou:

wotsthat

Crashy_Time wrote: »

Of course buying two very different houses at two different prices doesn`t mean houses are decreasing in value, but I explained in another post why my rent has not gone anywhere in 17 years. This is just a fact, I may have been lucky, found landlords that knew how to get long term tenants, whatever, but the figures stand, no amount of your nonsense posting changes that.

Your rent has increased by 0.7% pa since 1997 but you can still never break-even unless there's a very large crash and you've saved enough to buy an enormous house. Even the most blinkered HPCer would baulk at spending 17 years flitting between flats, bedsits and shared houses to end up even further away from home ownership than they were at the start.

My mortgage is only a few pounds more for a whole house than you've been paying for a room and shared toilet. Apparently I'm the one that's made the huge gamble.

As soon as you take a HPC gamble history and compounding are against you. Time will only make things worse.

ukcarper

Crashy_Time wrote: »

Only if he is getting tenants, remember you are in for full council tax after six months empty I think it is, that adds £100 a month. Then there are general repairs and security issues if it is empty. Pre Edinburgh rental flats I owned property not far from Hamish, and because I had moved to Glasgow rented it out, mainly to people I knew. Absolute nightmare, complaints from neighbours every time I went up there, and you could see the deterioration in the house as people just partied away with no vested interest in keeping it in good order.

The £425 has been on 27 days already let.

ukcarper

Crashy_Time wrote: »

Don`t you mean borrowing?

No I mean paying unless you are buying.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

That's all I needed to hear, so we agree that renting two different flats of value and quality doesn't mean rent prices are decreasing.... As you asserted earlier!!!!!

Nice one.... Think you've just made my point for me.

P.S have you been lucky or are you secretly telling little porkies:iloveyou:

So are you seriously going to try and argue that rent prices are increasing?

Crashy_Time

ukcarper wrote: »

No I mean paying unless you are buying.

Come again?

Crashy_Time

wotsthat wrote: »

Your rent has increased by 0.7% pa since 1997 but you can still never break-even unless there's a very large crash and you've saved enough to buy an enormous house. Even the most blinkered HPCer would baulk at spending 17 years flitting between flats, bedsits and shared houses to end up even further away from home ownership than they were at the start.

My mortgage is only a few pounds more for a whole house than you've been paying for a room and shared toilet. Apparently I'm the one that's made the huge gamble.

As soon as you take a HPC gamble history and compounding are against you. Time will only make things worse.

I reckon some of my rooms were probably bigger than your whole house. Some of the gardens definitely were.

ukcarper

Crashy_Time wrote: »

Come again?

If you read all the relevant posts it's quite obvious .

Crashy_Time

ukcarper wrote: »

If you read all the relevant posts it's quite obvious .

It isn`t, and as I am thick, please spell out what you mean.

System

wotsthat wrote: »

Even the most blinkered HPCer would baulk at spending 17 years flitting between flats, bedsits and shared houses to end up even further away from home ownership than they were at the start.

Slightly easier to achieve if you're a serial singleton.