HPC thread of the week

ukcarper

Crashy_Time wrote: »

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

Of course I didn't mean a shared room but when they get older most people do not want a room in a shared house even more so if they have a family.

ukcarper

wotsthat wrote: »

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?

If you borrowed £57k 20 years ago at 4% your repayments would be less than £350 a month and now you would be mortgage free, wonder what £57k would have got you in Edinburgh 20 years ago.

wotsthat

ukcarper wrote: »

If you borrowed £57k 20 years ago at 4% your repayments would be less than £350 a month and now you would be mortgage free, wonder what £57k would have got you in Edinburgh 20 years ago.

He'd own 100% of a property instead of 0%, have spent the same amount and would now be seeing a dramatic increase in his savings ratio.

Maybe he really likes the excitement of moving?

Crashy_Time

wotsthat wrote: »

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?

What are you talking about? I said the rent on a flat I had in the LATE 90`S, which was pretty similar to the one I have now was only 50 p.m cheaper than now, so rent has gone nowhere on basic flats in all that time (how many times do I need to spell this out?) I didn`t live in Edinburgh 20 years ago. The link to the house I posted is just an example of somewhere I lived BETWEEN THE LATE 90`S FLAT AND NOW, there was another very nice terraced house (shared and cheap enough) in Morningside as well as a few flats but I won`t confuse you by posting links :rotfl: Including this one I have had nine rentals in the Edinburgh area since the late 90`s, and they have all been cheap and great places to live.

Thrugelmir

ukcarper wrote: »

If you borrowed £57k 20 years ago at 4% your repayments would be less than £350 a month and now you would be mortgage free, wonder what £57k would have got you in Edinburgh 20 years ago.

4% ?

BOE base was over 6% back then.

ukcarper

Thrugelmir wrote: »

4% ?

BOE base was over 6% back then.

Yea and 0.5 now but for you 6% would have got you £48k

wotsthat

Crashy_Time wrote: »

What are you talking about? I said the rent on a flat I had in the LATE 90`S, which was pretty similar to the one I have now was only 50 p.m cheaper than now, so rent has gone nowhere on basic flats in all that time (how many times do I need to spell this out?) I didn`t live in Edinburgh 20 years ago. The link to the house I posted is just an example of somewhere I lived BETWEEN THE LATE 90`S FLAT AND NOW, there was another very nice terraced house (shared and cheap enough) in Morningside as well as a few flats but I won`t confuse you by posting links :rotfl: Including this one I have had nine rentals in the Edinburgh area since the late 90`s, and they have all been cheap and great places to live.

You won't post links because the rent on every place you've lived in is now an order of magnitude bigger than £350.

wotsthat

Thrugelmir wrote: »

4% ?

BOE base was over 6% back then.

My average mortgage rate since then, mainly SVR's, has been 4.6%.

TheeMaskedTurnip

I severely doubt Martin would advise anyone renting over 20 years. Why pay off someone else's mortgage for them when you could pay your own?

Crashy_Time

wotsthat wrote: »

You won't post links because the rent on every place you've lived in is now an order of magnitude bigger than £350.

But I am only paying 50 p.m more than I did in the late 90`s for a similar flat (different end of the city though) A landlord can ask whatever they like in rent on Rightmove, doesn`t change the fact that a renter has paid the same rent more or less for a number of years? The sensible landlords charge rates that will get them long term tenants, the ones who hold out for 600-700 p.m get tenants who don`t know the city/country and move on quickly to house shares or cheaper deals. Rightmove is only one tiny aspect of the renting landscape.