Rents soar to (another) record high

Jack_Johnson_the_acorn

Crashy_Time wrote: »

"The average rent of a one bedroom flat in the city is now £498 per month, down 13.2% from last year.
SNP housing spokeswoman Jackie Dunbar said that despite the fall, rent levels were still above most places in Scotland"


Unlike you the writer of the article seems to know that flats with private landlords can easily be had for well under 500 p.m in Edinburgh and Glasgow (and elsewhere) ? If you want to believe that the flats near Edinburgh Uni that turn up on your RMove searches are the actual market for ordinary people, then be my guest :rotfl: The comedy value is that one of the biggest bubble trolls on the internet got to experience the crash first hand on their own doorstep :T It is beyond parody :rotfl:

Even if any of that was true, you're still stuck renting a HMO/Garage/Studio or whatever it is this week and those who have bought have done rather well for ourselves.

Whether that be multiple owned properties or record low repayments (I've personally fixed for 3 yrs at sub 2%, meaning my mortgage is £430pcm, saving £300-£400 off the equivalent rent, even though no property as good as mine is ever available to rent at that price.) should be mortgage free in less than 9 yrs now.

So, we can understand why you're so bitter, but it really isn't going to help you move on.

chucknorris

Crashy_Time wrote: »

"The comedy value is that one of the biggest bubble trolls on the internet got to experience the crash first hand on their own doorstep :T It is beyond parody :rotfl:

Obviously Hamish will be disappointed that Aberdeen values have fallen, but it isn't as if he caused them to fall, is it? So do you think that he now wishes he had not bought in the first place? As far as I know he doesn't have investment property, so as long as he isn't in negative equity (which he won't be) where is the problem? He is probably still sitting on decent equity, but more to the point, he lives in a house which he likes, and pays far less in mortgage payments than he would in rent. It isn't as if he shot himself in the foot like you, by selling the 90's and renting ever since, is it?

Crashy_Time

chucknorris wrote: »

Obviously Hamish will be disappointed that Aberdeen values have fallen, but it isn't as if he caused them to fall, is it? So do you think that he now wishes he had not bought in the first place? As far as I know he doesn't have investment property, so as long as he isn't in negative equity (which he won't be) where is the problem? He is probably still sitting on decent equity, but more to the point, he lives in a house which he likes, and pays far less in mortgage payments than he would in rent. It isn't as if he shot himself in the foot like you, by selling the 90's and renting ever since, is it?

Great, if you like living in an economically depressed area with no chance of selling your house and moving on.

chucknorris

Crashy_Time wrote: »

Great, if you like living in an economically depressed area with no chance of selling your house and moving on.

But that is the way that it is in Aberdeen at the moment, yes it isn't great, but (unless you know otherwise) Hamish doesn't have to sell, he can carry on living in his house that is much cheaper to live in than renting. So he has benefited from buying, can you say the same about selling in the 90's and renting ever since?

You would have done better to have a cheap shot at those who have recently (before prices dropped) bought in Aberdeen (rather than Hamish), but even those will do better then you will over the long run.

dharm999

Crashy_Time wrote: »

"The average rent of a one bedroom flat in the city is now £498 per month, down 13.2% from last year.
SNP housing spokeswoman Jackie Dunbar said that despite the fall, rent levels were still above most places in Scotland"


Unlike you the writer of the article seems to know that flats with private landlords can easily be had for well under 500 p.m in Edinburgh and Glasgow (and elsewhere) ? If you want to believe that the flats near Edinburgh Uni that turn up on your RMove searches are the actual market for ordinary people, then be my guest :rotfl: The comedy value is that one of the biggest bubble trolls on the internet got to experience the crash first hand on their own doorstep :T It is beyond parody :rotfl:

Once again you actually ignore the point of the thread. Granted, Aberdeen has seen rents falling, but the rest of Scotland hasn't. You may be able to get a one bedroom flat in Edinburgh for under £500 a month, but as of now, there was one flat under that for rent on Rightmove and one on Gumtree. On that basis I'm not so sure you can say easily found. The trend in rent in Edinburgh has been up, as you well know, but choose to ignore. Citylets shows the average rent for a one bed in Edinburgh at £713 a month, up from £544 5 years ago. Scotland overall over the same 5 year period has seen an increase from £490 to £565 a month.

Your insults are, as usual, petty and childish. I live in Edinburgh, so know the area, and know what is happening to rental prices, they are going up, and for you to try to pretend that isn't happening, weakens any argument or facetious comment, along with ridiculous smiling disembodied heads you have. Act like a grown up, and you may find people may take on board what you say.

Crashy_Time

dharm999 wrote: »

Once again you actually ignore the point of the thread. Granted, Aberdeen has seen rents falling, but the rest of Scotland hasn't. You may be able to get a one bedroom flat in Edinburgh for under £500 a month, but as of now, there was one flat under that for rent on Rightmove and one on Gumtree. On that basis I'm not so sure you can say easily found. The trend in rent in Edinburgh has been up, as you well know, but choose to ignore. Citylets shows the average rent for a one bed in Edinburgh at £713 a month, up from £544 5 years ago. Scotland overall over the same 5 year period has seen an increase from £490 to £565 a month.

Your insults are, as usual, petty and childish. I live in Edinburgh, so know the area, and know what is happening to rental prices, they are going up, and for you to try to pretend that isn't happening, weakens any argument or facetious comment, along with ridiculous smiling disembodied heads you have. Act like a grown up, and you may find people may take on board what you say.

How long have you rented in Edinburgh?

Crashy_Time

chucknorris wrote: »

But that is the way that it is in Aberdeen at the moment, yes it isn't great, but (unless you know otherwise) Hamish doesn't have to sell, he can carry on living in his house that is much cheaper to live in than renting. So he has benefited from buying, can you say the same about selling in the 90's and renting ever since?

You would have done better to have a cheap shot at those who have recently (before prices dropped) bought in Aberdeen (rather than Hamish), but even those will do better then you will over the long run.

Without any knowledge of my, or their financial situation this is just more hot air from you I`m afraid. Hamish paraded around on the internet praising ever rising house prices (and rents :rotfl:) and scoffing at people who criticised the reckless credit driven bubble, then his home town crashed, and hard :rotfl: It is just too funny.

chucknorris

Crashy_Time wrote: »

Without any knowledge of my, or their financial situation this is just more hot air from you I`m afraid. Hamish paraded around on the internet praising ever rising house prices (and rents :rotfl:) and scoffing at people who criticised the reckless credit driven bubble, then his home town crashed, and hard :rotfl: It is just too funny.

I don't need to know any more than the fact that you sold in the 90's and have rented ever since, and most likely will rent for the rest of your life. When comparing that situation to someone who has recently bought, there can only be one winner in the long run.

What is funny (actually it is beyond funny, it is quite sad) is that you are in no position to scoff at other people's housing decisions.

Crashy_Time

chucknorris wrote: »

I don't need to know any more than the fact that you sold in the 90's and have rented ever since, and most likely will rent for the rest of your life. When comparing that situation to someone who has recently bought, there can only be one winner in the long run.

Tell that to someone who recently bought in Aberdeen, or London
:money: You just post guff all day long that idolises the property bubble, people are going to be financially ruined for life in this crash, especially if interest rates start creeping up.

chucknorris

Crashy_Time wrote: »

Tell that to someone who recently bought in Aberdeen, or London
:money: You just post guff all day long that idolises the property bubble, people are going to be financially ruined for life in this crash, especially if interest rates start creeping up.

I'm just wasting my time trying to talk sense to you, maybe it is a good thing that you don't realise how badly that you have played the housing market. Otherwise you would just end up being depressed about it.