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

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Lets talk facts then, I bought in DEC 2011. Prices have risen/dropped by what % since.

P.S you can check my post history, My house purchase thread is on there.

Before we can talk "facts" you have to get the facts right about what I said about my rental history.

Crashy_Time

ukcarper wrote: »

You did say on an earlier post that you had spent £81k in rent over the last 17 years are you now saying that that isn't true.

To spare you chaps grief I just calculated my rental costs as 400 p.m for 17 years, there were times when I paid a lot less than 400 p.m, and a short spell where I paid 450 p.m, so I might go and do an actual calculation so I can rub it right in how cheap renting has been.

Crashy_Time

robmatic wrote: »

Wait, you used to have a place of your own and now you're in a flatshare? So you haven't been able to maintain your living standards?

No. And I can`t really be bothered going through it all again. Basically I moved from a flat of my own in Edinburgh to a few years of flatshares in Edinburgh, and now have a flat of my own in Edinburgh. Previously I rented in Glasgow and owned property in Aberdeenshire. My rent has been cheap as F*u*c*k and I have saved a lot. This seems to annoy some of the mortgage slaves on here.

ukcarper

Crashy_Time wrote: »

To spare you chaps grief I just calculated my rental costs as 400 p.m for 17 years, there were times when I paid a lot less than 400 p.m, and a short spell where I paid 450 p.m, so I might go and do an actual calculation so I can rub it right in how cheap renting has been.

Do you think you will be able to get it down to £34k about £170 a month.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

To spare you chaps grief I just calculated my rental costs as 400 p.m for 17 years, there were times when I paid a lot less than 400 p.m, and a short spell where I paid 450 p.m, so I might go and do an actual calculation so I can rub it right in how cheap renting has been.

Yes please do, Then workout what value the sacrifices you've made by renting are:

spending over £80k building ZERO equity.

Having to share a house & toilet with strangers.

Fear of eviction.

Unable to decorate/improve your 1 room.

Crashy_Time

ukcarper wrote: »

Do you think you will be able to get it down to £34k about £170 a month.

No, because the cheapest rent was about 200 p.m, so even you must know that won`t work?

robmatic

Crashy_Time wrote: »

Please tell me that you are joking? 100k, or whatever, tied up in a totally illiquid asset in the biggest housing bubble of all time is better than just popping the 100k into an NS&I ISA?

Good luck with paying your rent with ISA rates :eek:

How has that ISA plan worked out for you over the last 17 years?

ukcarper

Crashy_Time wrote: »

No, because the cheapest rent was about 200 p.m, so even you must know that won`t work?

So even if you had stayed in that house share for the whole time you would still have spent more than the interest you would have paid if you had bought that flay 17 years ago.

robmatic

Crashy_Time wrote: »

No. And I can`t really be bothered going through it all again. Basically I moved from a flat of my own in Edinburgh to a few years of flatshares in Edinburgh, and now have a flat of my own in Edinburgh. Previously I rented in Glasgow and owned property in Aberdeenshire. My rent has been cheap as F*u*c*k and I have saved a lot. This seems to annoy some of the mortgage slaves on here.

I bought my flat in Edinburgh in 2010. My mortgage interest was £200pm, and when I was single I had lodgers who would pay me £350pm in cash.

Damn, I wish I'd had cheap rent.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Yes please do, Then workout what value the sacrifices you've made by renting are:

spending over £80k building ZERO equity.

Having to share a house & toilet with strangers.

Fear of eviction.

Unable to decorate/improve your 1 room.

As I am now going to calculate as near as possible from memory the ACTUAL rental costs over the time period it will probably be under 80k.


As I was s*hagging some of the people I shared the toilet with I don`t know what your point is.


One of the flats lasted 7 years so I can only assume that you are projecting your own fear of eviction when the banker kicks your a*ss out for not making payments.


Your last one is coming from the emotional world of a child, so I am going to withhold comment.


My "equity" is in the bank, and I can get at it a whole lot quicker than you can get at yours I bet.