House Prices Up....

p1212

MobileSaver wrote: »

Crashy has been out of the property market for around 18 years now... is that still too early to open the champagne? (In his case it would be to drown his sorrows of course.)

You wrote:
"you have been educating us all on "sentiment" for more than two years now."

Now its suddenly 18.

p1212

economic wrote: »

p1212 and crashy - another explanation that i hope wil make you realise how badly you have been hit by being renters is as follows:

i live and reside in a 2 bed flat. i let out the spare room. my total rent i dont have to pay is £1600 pcm. this is conservative. interest on my mortgage is around 4.6k pa. on a return on investment, this amounts to around 4.1% a year TAX FREE. please tell me where i can achieve 4.1% a year tax free?

thanks

Yes, it is easier to buy with money from bomad, we all know that, we don't need you to tell us.

Jack_Johnson_the_acorn

p1212 wrote: »

You wrote:
"you have been educating us all on "sentiment" for more than two years now."

Now its suddenly 18.

Crashy hasn't owned any property for 18yrs.....

Do keep up.

cells

p1212 wrote: »

Yes, it is easier to buy with money from bomad, we all know that, we don't need you to tell us.

so do you think prices are unaffordable to too high when you consider that this BOMAD is handing out ~£200 billion each year?

Do you realize that just those gifts/inheritances without even considering wages or mortgages is enough to run the show?

AnotherJoe

Report this morning - rental prices up.

http://www.bbc.co.uk/news/business-37308913

The cost of renting a home in England and Wales was 5.2% higher in July than the same month a year earlier, according to lettings agent Your Move.
Its survey, based on analysis of about 20,000 properties, suggested that average monthly rent paid by private tenants rose to £846.
The increase was sharpest in the South East of England.
The annual rise in this region of 14.9% was explained by a ripple effect from high rents in London.
London had the highest average monthly rents, at £1,273, the survey suggested.


This is higher than the experimental ONS figures, by a factor of about 2


But in either case, rents up, mortgages down.

economic

AnotherJoe wrote: »

Report this morning - rental prices up.

http://www.bbc.co.uk/news/business-37308913

The cost of renting a home in England and Wales was 5.2% higher in July than the same month a year earlier, according to lettings agent Your Move.
Its survey, based on analysis of about 20,000 properties, suggested that average monthly rent paid by private tenants rose to £846.
The increase was sharpest in the South East of England.
The annual rise in this region of 14.9% was explained by a ripple effect from high rents in London.
London had the highest average monthly rents, at £1,273, the survey suggested.


This is higher than the experimental ONS figures, by a factor of about 2


But in either case, rents up, mortgages down.

so it continues to be a good time to buy in london - as long as one has enough deposit.

MobileSaver

AnotherJoe wrote: »

The cost of renting a home in England and Wales was 5.2% higher in July than the same month a year earlier,

Obviously that cannot be correct as Crashy and the HPC crowd are constantly telling us their rents never go up...

Jack_Johnson_the_acorn

MobileSaver wrote: »

Obviously that cannot be correct as Crashy and the HPC crowd are constantly telling us their rents never go up...

They do. It's just that Crashy just moves into cheaper and cheaper dives in rougher areas to maintain a similar rental cost. He used to live on the same road as Fred the shred apparently.... now he basically lives in some ymca in the middle of a sink estate. But it's only costing £400 per month so who are the real losers?

I'll tell you. It's us. The over leveraged home owners renting from the bank with our liar loans, living out our ponzi filled lives of greed and idiocy.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

They do. It's just that Crashy just moves into cheaper and cheaper dives in rougher areas to maintain a similar rental cost. He used to live on the same road as Fred the shred apparently.... now he basically lives in some ymca in the middle of a sink estate. But it's only costing £400 per month so who are the real losers?

I'll tell you. It's us. The over leveraged home owners renting from the bank with our liar loans, living out our ponzi filled lives of greed and idiocy.

Do you actually know where I live, or are you just making it up? Be honest now......:rotfl:

Crashy_Time

economic wrote: »

You make me laugh hahahahahaha

You are sounding increasingly silly, I take it your illiquid investment is losing money?