Debate House Prices


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The Aberdeen House Prices & Rents thread

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  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    economic wrote: »
    Who wants to live in Birmingham?

    About 1.1million people apparently..... Do keep up.
  • economic
    economic Posts: 3,002 Forumite
    edited 29 December 2017 at 2:02PM
    Jack_Johnson_the_acorn wrote: »
    About 1.1million people apparently..... Do keep up.

    I said wants to, not has to.

    I suspect its because its a cheaper city to live in given housing costs. It has one of the highest unemployment rates of any city/town in the UK.
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    economic wrote: »
    I said wants to, not has to.

    I suspect its because its a cheaper city to live in given housing costs. It has one of the highest unemployment rates of any city/town in the UK.

    Ah right so everyone is living where they have to? Do keep up.
  • economic
    economic Posts: 3,002 Forumite
    edited 29 December 2017 at 4:41PM
    Jack_Johnson_the_acorn wrote: »
    Ah right so everyone is living where they have to? Do keep up.

    No i live in London because i want to. I dont see the appeal for Birmingham. Those who can afford it i am sure would move to a better place.

    Do say something else other then "Do keep up".
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    economic wrote: »
    No i live in London because i want to. I dont see the appeal for Birmingham. Those who can afford it i am sure would move to a better place.

    Do say something else other then "Do keep up".

    Oh right so you're saying you chose where you want to live but the people of Birmingham are forced to live there....... Do keep up.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ilovehouses wrote: »
    That's not how it works though is it? They don't sell, volumes fall and the HPC crew start threads about deluded sellers.

    The point about mortgages showed that you were wrong. Because you discount housing equity to zero you think a mortgage payment would be more than your rent. The opposite is true - your housing short costs you money every month which is why you need a bigger crash each month to breakeven.


    I`m not discounting housing equity to zero, I`m saying that in a rate hike/"Bad" Brexit scenario you can knock 30k at least off that Ferry Road flat (I`m sure you will have the resources to find out for us when it actually sells and for how much?) So buying it now for 90k leaves you open to negative equity and not being able to sell to move for example, much easier to get a cheap rental and let the landlord take care of all/any external/internal problems and repairs, and have the option to shift fast if you had a nightmare neighbour or had to move for work for example.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ilovehouses wrote: »
    £30k off a flat with a current asking price of £90k because the big bear list now has bad brexit and US rate hikes added to it?

    Might happen but ask yourself; of all the HPC I Spy reasons for a crash how many resulted in a 33% reduction in house prices?

    I pity the blokes on that site. It's always the latest entrants that are at most risk from a crash and those days could've been a long ways behind them.

    I think HPC should have been honoured in the New Year honours list - for services to landlords.


    HMRC got that honour, sorry to disappoint :rotfl: Let us all know when the ferry road flat sells and for how much will you?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Looks like the crash in the North East is spreading?


    https://www.thecourier.co.uk/fp/news/local/perth-kinross/572559/survey-reveals-massive-house-price-slump-in-perth/
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ilovehouses wrote: »
    This one went for £168k in September

    http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=60589567&sale=21590483&country=scotland

    £168k!

    Number 219 was £355k in September - £273k in October 2012

    Number 641 was £166k in August - £120k in December 2012

    Well done for calling the top in 2008 though.


    Can`t see any links, but how much did the 90k flat sell for?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Here`s one


    http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=67732061&sale=21618008&country=Scotland


    5k gain in seven years, Damn, wish I`d bought that now!
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