HPC thread of the week

ukcarper

Crashy_Time wrote: »

Show me a link not sponsored or written by a letting agent and I will start to take you seriously. Private landlords dealing directly with a tenant don`t invite Retties to the house warming party, don`t you get it?

You show me a link showing rents haven't increased. They definitely have increased where I am and landlords who do not use letting agencies don't reduce rent that much.

Mistermeaner

Crashy_Time wrote: »

If you wanted to own a property with a garden in 2004 for you and your son in that specific area of the UK (I presume) then you couldn`t have done anything differently, this doesn`t mean that buying (borrowing lots of money at interest for most people) is the best option for EVERYONE (a misconception that is trotted out again and again on here)

Thanks. I struggle to think of scenarios where people with families would be best renting.....

Sure I can see it for young professionals who may move with work or are happy with a temp home below their means so they can invest in other things but kids particularly thrive on stability so when putting down roots it will almost always make sense to buy I think?

Sure if there is a huge crash and rents halve then as a buyer you'd be stuck paying way over the odds for something but it's difficult to see economic circumstances playing out that would result in such a position; no landlord or seller will take a haircut by that much so people will just sit tight, those unlucky enough to lose their jobs would be stuffed whether they were renting or buying so potentially no worse off having bought - they could always go bankrupt.

I just don't see circumstances where renting can be better for anyone who wants to put down roots and have a family and statistically that's the vast majority of people.

Could you outline circumstances where buying is not best?

Maybe I've got lucky and in hindsight made the right choices but someone thinking of buying may be reading this thread and looking for both sides of the debate

Crashy_Time

ukcarper wrote: »

You show me a link showing rents haven't increased. They definitely have increased where I am and landlords who do not use letting agencies don't reduce rent that much.

You are just being silly now, the rents I have told you about are the rents I paid, mainly to private landlords directly, occasionally through a letting agent ( The Coach House in the other link for example) but they are the reality of renting over the past few years if you looked for good deals or run into someone offering a good deal, and ignored the rubbish printed in the Edinburgh based (property company sponsored) media.


You can accept it as reality or choose to believe whatever nonsense you choose to believe. TBH you sound like you are in London, your concept of rental reality has become warped out of all reasonable shape.

Crashy_Time

Mistermeaner wrote: »

Thanks. I struggle to think of scenarios where people with families would be best renting.....

Sure I can see it for young professionals who may move with work or are happy with a temp home below their means so they can invest in other things but kids particularly thrive on stability so when putting down roots it will almost always make sense to buy I think?

Sure if there is a huge crash and rents halve then as a buyer you'd be stuck paying way over the odds for something but it's difficult to see economic circumstances playing out that would result in such a position; no landlord or seller will take a haircut by that much so people will just sit tight, those unlucky enough to lose their jobs would be stuffed whether they were renting or buying so potentially no worse off having bought - they could always go bankrupt.

I just don't see circumstances where renting can be better for anyone who wants to put down roots and have a family and statistically that's the vast majority of people.

Could you outline circumstances where buying is not best?

Maybe I've got lucky and in hindsight made the right choices but someone thinking of buying may be reading this thread and looking for both sides of the debate

London, last year, I.O mortgage, mum and dad money, and all your savings in the pot as well, with maybe a loan from a mate thrown in....:rotfl:


Could you outline circumstances where a person renting cheaply with loads of savings cares either way?

TheeMaskedTurnip

You still own nothing and in those 20+ years have helped pay off other people's mortgages. I guess it must stick on your throat.

wotsthat

Crashy_Time wrote: »

This is one I lived in a while back, my room was above the window to the right (not a shop in sight!) The makeover was done after we left though, but it was still a nice environment to spend a few years saving and investing. Actually you are starting to sound quite angry Wotsit, are you feeling okay?


http://www.helenlucas.co.uk/project/oswald-edinburgh-extension/all/

Nice, I bet £350 doesn't go quite as far today does it?

What would a rent be on a place there now?

I'm not angry at all. I'm really interested to see how the plot develops. Don't do a Bubble and Squeak on us.

ukcarper

Crashy_Time wrote: »

You are just being silly now, the rents I have told you about are the rents I paid, mainly to private landlords directly, occasionally through a letting agent ( The Coach House in the other link for example) but they are the reality of renting over the past few years if you looked for good deals or run into someone offering a good deal, and ignored the rubbish printed in the Edinburgh based (property company sponsored) media.


You can accept it as reality or choose to believe whatever nonsense you choose to believe. TBH you sound like you are in London, your concept of rental reality has become warped out of all reasonable shape.

Not in London and I'm well aware of the rental reality in my area as I know both landlords and people renting.
You might have been lucky to secure a room in a shared house for reasonable prices over the last 20 years. But the majority of people have to pay the market rent and if you have a family a shared room is far from ideal.
I can see there are times and circumstances where it might be better to rent but you are so blinkered you will not accept that buying is the best thing for a large number of people.

Crashy_Time

TheeMaskedTurnip wrote: »

You still own nothing and in those 20+ years have helped pay off other people's mortgages. I guess it must stick on your throat.

Not that I watch/read mainstream media much, but they like to tell us sometimes that there are lots of people in the UK who are about three months away from bust if they lost their job, many of these people "own" homes. How does that work Oh wealth Guru ....:rotfl:

Crashy_Time

ukcarper wrote: »

Not in London and I'm well aware of the rental reality in my area as I know both landlords and people renting.
You might have been lucky to secure a room in a shared house for reasonable prices over the last 20 years. But the majority of people have to pay the market rent and if you have a family a shared room is far from ideal.
I can see there are times and circumstances where it might be better to rent but you are so blinkered you will not accept that buying is the best thing for a large number of people.

So you have got the bit about a shared house (and a nice one at that, with a garden bigger than most families ever get) but in the next sentence you have me in a shared ROOM, the internal voice that renters must be crammed in like sardines just doesn`t go off with you does it? :rotfl:


Maybe it was a typo...if so apologies...:D

wotsthat

wotsthat wrote: »

Nice, I bet £350 doesn't go quite as far today does it?

What would a rent be on a place there now?

Do you know the answer to these questions Crashy?

That lovely place you used to live in for £350/ month - what's the rent now? I know you say rents haven't increased in Edinburgh for 20 years but I'm expecting it'll be a premium on £350 because it's been done up - would £400/ month be fair?

What are you getting for £350 today? Nice garden, within sauntering distance of Edinburgh city centre and beautiful views?