House prices fall 1.9% YoY in May (hometrack report)

mitchaa

abaxas wrote: »

Who knows, however by the time you know, it'll be too late.

Being in the industry myself, there is a good 30+yrs of oil in the N.Sea yet, and thats with todays technology. No, i dont survey the sea beds for potential oil wells, but being in the business, this seems to be the general opinion.

They said 20yrs ago, 25yrs though for example.

Plenty to go round in our life times i think

BTL's in Aberdeen/Aberdeenshire are onto a winner, that is a certainty. Rentals in some parts are just as expensive as mortgages in some parts based on the same cost and that today is extremely unusual. Rental market is strong, very strong.

Houses are still 2-3 x cheaper than what they are in London, but with salaries (offshore anyway) to match, if not more.

Aberdeen is the place to be, no seriously;)

PasturesNew

mitchaa wrote: »

222 posts this month alone Look at mine in comparison

Some people just never get out

Staying in is the new going out.
Going out is over-rated.
Until I find a good reason to go out, I prefer to stay in.

PasturesNew

mitchaa wrote: »

salaries (offshore anyway) to match, if not more.

Aberdeen is the place to be, no seriously;)

Not everybody can be offshore though can they.

It's the diverse incomes across a market area that determine prices.
Their diverse borrowing power.
And their lifetime expectations and wants.

mitchaa

PasturesNew wrote: »

Not everybody can be offshore though can they.

It's the diverse incomes across a market area that determine prices.
Their diverse borrowing power.
And their lifetime expectations and wants.

True, but not everyone in London is an investment banker on £150k either.

The offshore industry is madness, i have a friend who is/was a painter and decorator in Dundee.

9-5 job, salary £18k

He has just recently went offshore on a £275 day rate, 14 days on, 14 days off. Another example is a scaffolder in a similar position. (£250 day rate)

£275 x 14 x 13 (£50k pa for being a no skilled thick as mince painter)

Not great paid jobs normally but as soon as they go offshore, they rocket.

Another guy i know, an electrician has just swapped his 9-5 £27k job for an offshore position of £67k

Granted, being away from home 14 days at a time is not ideal, but there is big money available if you so wish to do so.

No wonder the price of oil has shot through the roof, the wage bill for the companies must be sky high.

trudiha

tomstickland wrote: »

Enough of all this factual nonsense, I only use the figures from National Association of Estate Agents and they show that house price growth is expected to go "mental" once the credit blip finishes on Wednesday afternoon. I've even got one of their car stickers with "it's different this time" on it.

And even if the blip does go on until Friday week, it won't affect prices here because here is special.

It's a home not an investment vehicle, I don't mind paying out the extra in mortgage payments every month, it stops me spending the money on pies and getting fat.

Anyway I'm never going to sell because people don't die, divorce is almost unheard of, reproducing is messy and I have a job for life.

Even if I did have to sell (which I won't), I got a really good deal on this place, the developer paid for the carpets and it's the nicest plot within 50 miles and people recognise quality when they see it. When the EA come over to value he said that my house was now worth 20k more than I'd paid for it and why would he fib to me, EAs are too busy to actually want my business and they know that telling me that it's worth more than the other EAs told me it was worth will have no bearing on me giving it to 'em.

dopester

mitchaa wrote: »

All a lot of nonsense anyway, my home has increased by a considerable amount in the 10 months ive had hold of it:D

None of those gains are real until you manage to sell it, bank the money, and don't buy another over-valued property. Until that time, all your gains are just imaginary.

mitchaa

dopester wrote: »

None of those gains are real until you manage to sell it, bank the money, and don't buy another over-valued property. Until that time, all your gains are just imaginary.

Yes very true, only helps with mortgage LTV calculations

pickles110564

beingjdc wrote: »

Of course Aberdeen is rocketing! It's an oil town, and oil has gone through the roof.

When North Sea oil runs out, however, Aberdeen will be a ghost town.

So just because oil price is going up that make HPI.
Dream on
I suppose these oil companys have increased everyones pay at the same rate as petrol price increases?

dopester

mitchaa wrote: »

BTL's in Aberdeen/Aberdeenshire are onto a winner, that is a certainty.

Well the BBC's data doesn't seem to agree with you.

Aberdeenshire

Average Cost: 187,220

Change in last quarter: -5.2%
Change in last year: 15.8%
Sales: 1,188

Aberdeen City

Average Cost: 170,798

Change in last quarter: -6.2%
Change in last year: 13%
Sales: 1,235

Just do me a favour, after all your hard core unshakeable belief on the forums about property in your area continuing to be on the up-and-up and not vulnerable to a crash - and others with the "Regional Differences" argument - don't be coming back in 12 to 24 months time trying to blame everyone else but yourself. You've had your warnings and chose not to accept them.

thriftybabe

mitchaa wrote: »

The offshore industry is madness, i have a friend who is/was a painter and decorator in Dundee.

9-5 job, salary £18k

He has just recently went offshore on a £275 day rate, 14 days on, 14 days off. Another example is a scaffolder in a similar position. (£250 day rate)

£275 x 14 x 13 (£50k pa for being a no skilled thick as mince painter)

.

Nice way to take about your "friend". I wonder what you would say about an enemy?