Rents soar to (another) record high

Crashy_Time

mayonnaise wrote: »

Good to see you Crashy.
We only seem to be bickering over the EU on here recently.

Yep, looks like the bickering can step up a gear again. :money:

Crashy_Time

mwpt wrote: »

Finally, you can buy a place!

Will need to see a wider and deeper HPC before that is on the cards, may even take a rent cut before that happens.

wotsthat

Crashy_Time wrote: »

Will need to see a wider and deeper HPC before that is on the cards, may even take a rent cut before that happens.

Every month that passes your future rent liability falls so that must be a comfort as you wait.

Crashy_Time

wotsthat wrote: »

Every month that passes your future rent liability falls so that must be a comfort as you wait.

You sound really bitter, what happened? :rotfl:

mwpt

Crashy_Time wrote: »

You sound really bitter, what happened? :rotfl:

I think he, like I did, linked our mortgage rates (my house is in London) inversely to property prices in Aberdeen, because, why not.

It is affecting us quite terribly now that Aberdeen property prices are dropping.

Crashy_Time

mwpt wrote: »

I think he, like I did, linked our mortgage rates (my house is in London) inversely to property prices in Aberdeen, because, why not.

It is affecting us quite terribly now that Aberdeen property prices are dropping.

Still some nagging doubt keeps you jumping on any HPC themed posts though, funny that. :rotfl:

System

Only another 120% fall to go and you'll break even. Superb news.

wotsthat

Crashy_Time wrote: »

You sound really bitter, what happened? :rotfl:

I want prices to fall in the South-West so I can buy a big place and they won't. You meanwhile live somewhere where they've apparently been crashing for ages but you'll never buy. It doesn't seem fair that I've got the bottle and no crash and you've got the crash but no bottle.

Plus you've got that cheap rental where your landlord only makes around 7% and I'm lumbered with a mortgage rate of just over 2% until at least 2019.

If it doesn't happen soon I'm going to have to settle for a few acres in the northern Algarve/ Southern Allentejo.

I've a lot to be bitter about I can tell you.

mwpt

Crashy_Time wrote: »

Still some nagging doubt keeps you jumping on any HPC themed posts though, funny that. :rotfl:

Well, you're intriguing and you're quite polite in your own way. So it's fascinating and a bit of fun to have a dialogue with someone exhibiting delusions. I don't mean that offensively, I just mean that despite all evidence to the contrary and being wrong year after year, you still hold on to your beliefs that the crash is imminent and jump at the remotest hint that they might be finally coming correct.

And you know what? One day they will be. One day the housing market will go through a correction. We just don't know when, we don't know how severe, we don't know what other economic conditions will occur at the same time. I guess you will feel vindicated and I hope it works out ok for you, but on a long enough time scale, predicting a housing crash ins't some great insight. Here: A housing market correction/crash is coming up (*), I predict it too.

In the meantime, I'll just go about paying down my mortgage and living in my home. I'm not doing this because I'm a sheeple, I'm not doing it because I'm a greedy "HPI forever" cheerleader, I'm doing it because I realised I was foolish to try and time the housing market and I wanted a home to live in.

(*) Any year now.

mwpt

wotsthat wrote: »

I want prices to fall in the South-West so I can buy a big place and they won't.

Oh dear. My MSE arch nemesis might be living in the same neighbourhood as me in the future.