Rents soar to (another) record high

fun4everyone

Crashy_Time wrote: »

Well with Aberdeen and the rest of Scotland not going anywhere price wise

Aberdeen is hurting hard at the moment. House prices over the last several years have failed to match even inflation and availability of rental properties far outstrips demand. They need oil over $60 a barrel and it's nearly half that at the moment.


It will take a significant amount of time before it returns to normal, and it will always be below the peak years. The oil industry will be a lot smaller in 30 years time anyway. Aberdeen has had its day.


I am not some crash troll either, I am a landlord and I know Aberdeen very well. I am just realistic about the truth. The rise of the SNP has caused house prices across the rest of Scotland to stagnate since 2014 as well but Aberdeen is in its own universe.


I am not as clued in with the rest of the UK but I still think property is a sound investment. I would buy in the North of England if I had a choice at the moment. Get in before April!

padington

Crashy_Time wrote: »

Well with Aberdeen and the rest of Scotland not going anywhere price wise, and the North of England and Midlands pretty stuffed house price wise, that just leaves London and the South as the last domino to fall before we see a real HPC. A crash is a crash and every little helps, that is the relevance.

No, It leaves London and the South East being the mop to the wave of money and people wanting to reside in UK property.

It's property boom times down here for people that didn't put their money in rent or paper promises and didn't fancy the cold or investing in economies reliant on whiskey and oil.

Have you heard the news about whiskey, they've developed a way to age it in weeks not years ?

Ouch.

Crashy_Time

padington wrote: »

No, It leaves London and the South East being the mop to the wave of money and people wanting to reside in UK property.

It's property boom times down here for people that didn't put their money in rent or paper promises and didn't fancy the cold or investing in economies reliant on whiskey and oil.

Have you heard the news about whiskey, they've developed a way to age it in weeks not years ?

Ouch.

Was in London and down on the South coast this week, it is all just smoke and mirrors, credit driven, government props and emergency rates to stay afloat. Most of the punters kicking about London changing beds and serving sandwiches are on HB, and the people in the big glass buildings next to building sites that will end up being mothballed could lose their job at any time in this economic climate. People with real money are more likely to buy a castle or a big house in Scotland that offers quality of life as opposed to bailing someone out of their massive debt for a small terrace or flat in Wood Green or Finchley or wherever.

padington

Crashy_Time wrote: »

Was in London and down on the South coast this week, it is all just smoke and mirrors, credit driven, government props and emergency rates to stay afloat. Most of the punters kicking about London changing beds and serving sandwiches are on HB, and the people in the big glass buildings next to building sites that will end up being mothballed could lose their job at any time in this economic climate. People with real money are more likely to buy a castle or a big house in Scotland that offers quality of life as opposed to bailing someone out of their massive debt for a small terrace or flat in Wood Green or Finchley or wherever.

Almost everyone I know over 40 with property in London could sell up and afford a Scottish estate, there is however seriously little interest in doing so. There is just too many insanely fun things to do down here. Everywhere else feels like a cultural back water.

Don't get me wrong, my niece just back from Edinbourgh uni and she loved her time there. I appreciate that Scotland has its appeal. It's just not as freaking good as it is down here. Hence she's not going back.

The science museum itself has enough to amuse young kids all day for free every weekend with changing activities and that's just a needle in a haystack of fun. Take a look at the Londonist, it's never ending.

Crashy_Time

padington wrote: »

Almost everyone I know over 40 with property in London could sell up and afford a Scottish estate, there is however seriously little interest in doing so. There is just too many insanely fun things to do down here. Everywhere else feels like a cultural back water.

Don't get me wrong, my niece just back from Edinbourgh uni and she loved her time there. I appreciate that Scotland has its appeal. It's just not as freaking good as it is down here. Hence she's not going back.

The science museum itself has enough to amuse young kids all day for free every weekend with changing activities and that's just a needle in a haystack of fun.

You need to get out of London more and learn how to spell Edinburgh. If you think that having the science museum justifies living in rip-off London then you have some serious issues.

padington

Crashy_Time wrote: »

You need to get out of London more

Currently struggling with jet lag after coming back from the west coast of Canada, give me a chance.

Crashy_Time

padington wrote: »

Currently struggling with jet lag after coming back from the west coast of Canada, give me a chance.

Fair enough, hope you didn`t offend any Canadians by miss-spelling their place names? The point I`m making is that most people don`t share your view about London, it might have been a vibrant and creative melting pot 35 years ago, now it is just a corporatized theme park. Yes, you could go out every night to some "cultural" event, but you could do that in Manchester. Leeds, Glasgow, Edinburgh etc. There is a buzz in the size of the place, but for me that quickly changes to energy draining annoyance after the tenth person has bumped into me and I have paid for the third rip-off meal with drinks. As the world has become more global and internet focussed London has become less important, it used to be one of THE places to be, now people get famous from their bedroom in Huddersfield on YouTube, you can watch London Theatre events from anywhere on the internet, and people apply for jobs and parts in movies on Skype. London just isn`t that big a deal anymore.

padington

Crashy_Time wrote: »

Fair enough, hope you didn`t offend any Canadians by miss-spelling their place names? The point I`m making is that most people don`t share your view about London, it might have been a vibrant and creative melting pot 35 years ago, now it is just a corporatized theme park. Yes, you could go out every night to some "cultural" event, but you could do that in Manchester. Leeds, Glasgow, Edinburgh etc. There is a buzz in the size of the place, but for me that quickly changes to energy draining annoyance after the tenth person has bumped into me and I have paid for the third rip-off meal with drinks. As the world has become more global and internet focussed London has become less important, it used to be one of THE places to be, now people get famous from their bedroom in Huddersfield on YouTube, you can watch London Theatre events from anywhere on the internet, and people apply for jobs and parts in movies on Skype. London just isn`t that big a deal anymore.

London has never been so popular, it's the most popular city in world, one in six of the world population want to come and live here.

Enough said.

Crashy_Time

padington wrote: »

London has never been so popular, it's the most popular city in world, one in six of the world population want to come and live here.

Enough said.

Stop being silly, I thought we might have an unusually friendly exchange of views about this, but stuff like that is not going to help. What someone in a village in India says to an online survey doesn`t let you pretend that the rest of the UK is sh*it and London is some sort of cultural mecca. Most people in London watch the box, commute to work, claim housing benefit and commute to work. Enough said.

mwpt

Crashy_Time wrote: »

Most people in London watch the box, commute to work, claim housing benefit and commute to work. Enough said.

Commuting to work is so bad you were right to say it twice. Dratted south west trains.

But London is awesome.