Debate House Prices


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Rents soar to (another) record high

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  • Are you sure you want to carry on chasing your losses, maybe it is time to stop gambling your rent money now. Obviously it is too late to recoup all your losses, but you could prevent future losses.

    Any time now, chuck.
    Crashy will only buy when the "debt fueled ponzi bubble" finally bursts. Any time now.
    Don't blame me, I voted Remain.
  • kinger101
    kinger101 Posts: 6,573 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • System
    System Posts: 178,349 Community Admin
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    Wow, there's a 165 page thread in tribute to Hamish over there. It started in 2007, anyone have idea what Aberdeen prices look like from 2007 to 2015?
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    Joeskeppi wrote: »
    Wow, there's a 165 page thread in tribute to Hamish over there. It started in 2007, anyone have idea what Aberdeen prices look like from 2007 to 2015?


    Does anyone care, except you.....:rotfl: If you have just bought, or are looking to sell, or pay rent up there it is what happens now and going forward that is important. I`m sure Hamish will keep us posted on the price/rent implosion up there with some of his silly graphs...not. :(
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
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    edited 4 October 2015 at 8:44AM
    Joeskeppi wrote: »
    Wow, there's a 165 page thread in tribute to Hamish over there. It started in 2007, anyone have idea what Aberdeen prices look like from 2007 to 2015?

    :D

    Funny you should ask....

    Aug 2007 Aberdeen average house price £176K.

    Aug 2015 Aberdeen average house price £211K.

    https://www.ros.gov.uk/property-data/property-statistics/monthly-house-price-statistics

    + 17% against previous peak.

    Plus of course the benefits of paying just 2.5% mortgage interest since then versus an average rental yield for the same property north of 8%. So that's another hundred grand or so in favour of buying versus renting since then.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
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    edited 4 October 2015 at 8:43AM
    Does anyone care, except you.....

    You seem to care more than anyone else. :)

    The last dozen search results for Aberdeen house prices show you as the poster. Don't you get it?

    While you were busy buying a house for your landlord some of us were busy paying off our mortgages and taking advantage of the record low rates.

    That puts us a hundred grand or more ahead versus renting the same house since the credit crunch started.

    Let prices fall.... I'll just buy more. :)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • chucknorris
    chucknorris Posts: 10,793 Forumite
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    You seem to care more than anyone else. :)

    The last dozen search results for Aberdeen house prices show you as the poster.

    Don't you get it?

    While you were busy buying a house for your landlord some of us were busy paying off our mortgages and taking advantage of the record low rates that put us a hundred grand or more ahead versus renting since the credit crunch started.

    Let prices fall....

    I'll just buy more. :)

    I'm at the other end of the spectrum Hamish, I am fast approaching an age when I think that I should consider selling property. I'm going to do it, but it isn't easy because nothing offers the same returns, the other side of the coin is that property isn't a passive investment, and the thought of having more manageable assets has growing appeal as time passes, and of course to spend the equity, you do have to release it. But I can certainly understand how someone younger (or with children to pass it on to) wants to invest further.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Does anyone care, except you.....:rotfl: (

    Someone on HPC must care if the thread is 165 pages long!
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • sebadee
    sebadee Posts: 71 Forumite
    So pleased I am out of renting now.
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