Rents soar to (another) record high

wotsthat

mwpt wrote: »

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

Unless I move to Aberdeen. They'll be giving houses away soon according to Crashy.

dharm999

Crashy_Time wrote: »

http://www.bbc.co.uk/news/uk-scotland-36141597

https://espc.com/news/espc-house-price-report-march-2016

But the reality in Edinburgh is different. We will only know the true picture in the second half of this year once the impacts of the stamp duty changes in q1 2015 and 2016 work their way through. My experience of rents and sales prices are that they have increased by around 15% in the last 3 years-this is for a 2 bedroom flat in EH3, close to the centre and the university.

Jack_Johnson_the_acorn

dharm999 wrote: »

https://espc.com/news/espc-house-price-report-march-2016

But the reality in Edinburgh is different. We will only know the true picture in the second half of this year once the impacts of the stamp duty changes in q1 2015 and 2016 work their way through. My experience of rents and sales prices are that they have increased by around 15% in the last 3 years-this is for a 2 bedroom flat in EH3, close to the centre and the university.

Crashy isn't central... He's on the fringe of Edinburgh in a HMO or so he says. Anyway he has no intention of buying .... He's only obsessed about house prices in areas he will never buy in for a reason yet to be explained. Strange chap. Sometimes fact is stranger than fiction.

quarky

I would love to see a massive reduction in house prices for my kids sake. People on HPC seem to be obsessed with house prices though (even though they claim that everyone else is), and constantly predicting a crash.

I hate to think how much worse off I would be if I had listened to the horror stories and either never bought, or sold.

I refuse to do BTL on moral grounds, but I don't have my head in the sand about house prices and the advantage of not paying someone else's rent off.

wotsthat

Jack_Johnson_the_acorn wrote: »

Crashy isn't central... He's on the fringe of Edinburgh in a HMO or so he says. Anyway he has no intention of buying .... He's only obsessed about house prices in areas he will never buy in for a reason yet to be explained. Strange chap. Sometimes fact is stranger than fiction.

If you go to HPC and search 'Hamish' it becomes more clear but no less strange.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Crashy isn't central... He's on the fringe of Edinburgh in a HMO or so he says. Anyway he has no intention of buying .... He's only obsessed about house prices in areas he will never buy in for a reason yet to be explained. Strange chap. Sometimes fact is stranger than fiction.

No, I have said I am central and not in an HMO many times, you are just not as happy with your debt deal from the bank as you would like to pretend IMO.

Crashy_Time

wotsthat wrote: »

If you go to HPC and search 'Hamish' it becomes more clear but no less strange.

It`s pretty simple, Hamish was a prolific troll on HPC, post after post of complete nonsense sometimes, then he found himself living in Scottish Crash Central, and doesn`t post much anymore.
:rotfl: Too funny really. He now wants to "buy more" depreciating assets as his existing assets, well, depreciate. There is no cure for the property bug it seems, worse than heroin in Scotland as someone once said. I like to invest in tracker funds, slightly similar I suppose in that you expect some upside someday, except it is easier to sell out of a tracker than some nothing special house in a property price crash. Keep paying the mortgages chaps, glad you are all so happy, let`s hope Yellen doesn`t do anything drastic Eh? That would surely ruin the HPI party.

System

Hamish has made a comfortable profit though, and there's no way he can do worse than you have, I'd have thought you'd find that quite depressing rather than funny.

In fact, the same applies to most of us here.

mwpt

Crashy_Time wrote: »

No, I have said I am central and not in an HMO many times, you are just not as happy with your debt deal from the bank as you would like to pretend IMO.

Ever since I fixed my mortgage rate for my home in London inversely to the price of houses in Aberdeen I've been nervous. I don't know why I did that, it just seemed like such a good idea at the time.

Crashy_Time

Joeskeppi wrote: »

Hamish has made a comfortable profit though, and there's no way he can do worse than you have, I'd have thought you'd find that quite depressing rather than funny.

In fact, the same applies to most of us here.

Go on and show us how he has made a comfortable profit on a mortgaged house bought in 2007 in Aberdeen, I need another laugh.