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[Brymon]

I get monthly updates from ourproperty.co.uk with prices houses get sold for around my area (Northfield shh) and the prices are nuts, especially the pre fabs around cummins park.

[Fridge]

It's not just the town where prices are escalating.
I live up in new Aberdour, and five years ago I bought a seven bedroomed former manse with 3/4 acre garden. I paid the princely sum (then) of £130k. i have recently had it valued at £400k. However, this is really just virtual money, as the only way to make money on it would be to downsize (which I don't want to do) to avoid spending any"profit" on another house.

As mentioned above, buying to let is definitely the way to go. I bought two flats in the West end of Aberdeen just over a year ago, and though they were costly, it has certainly paid dividends and shpuld be a nice nest egg for the future.

Which is really just as well seeing as pensions are totally fucked, but that's a story for another day.......

[Bigsby]

Originally Posted by Fridge

As mentioned above, buying to let is definitely the way to go. I bought two flats in the West end of Aberdeen just over a year ago, and though they were costly, it has certainly paid dividends and shpuld be a nice nest egg for the future.

As, so it's YOU who's buying up properties that you don't need to live in, driving up the price to buy AND rent and perpetuating the housing crisis.

Although it's unlikely, let's hope there IS a housing price crash and the bottom falls out of the buy to let market, leaving you with some flats you can't lease and the prospect of negative equity.

[Tam o' Shantie]

yes, shame on him for making an investment

[Bigsby]

Originally Posted by Tam o' Shantie

yes, shame on him for making an investment

He could invest in stocks and shares, put his money in the bank, do the lottery for all I care, all sorts of stuff. Do you support all those "entrepreneurs" who "invest" in tickets for things like T in the Park simply so they can sell them for profit?

[Tam o' Shantie]

Originally Posted by Bigsby

He could invest in stocks and shares, put his money in the bank, do the lottery for all I care, all sorts of stuff. Do you support all those "entrepreneurs" who "invest" in tickets for things like T in the Park simply so they can sell them for profit?

Most stock & share accounts are either far more risky or pay far lower dividends, putting your money in a bank will do fuck all to make it grow, and playing the lottery is in no sense of the word an investment. A normal person is perfectly entitled to own as many properties as he or she can afford...how can you possibly disagree with this? As per your T In the Park question, I don't really see how it's properly relevant to this argument, but if fucking morons are willing to pay through the nose to see a bunch of lame acts in a field full of neds just because there are no official tickets left, then that's their problem, not mine.

[shaun]

Originally Posted by Bigsby

He could invest in stocks and shares, put his money in the bank, do the lottery for all I care, all sorts of stuff. Do you support all those "entrepreneurs" who "invest" in tickets for things like T in the Park simply so they can sell them for profit?

you are going to be so pissed off when you find out about channel 4's property ladder.

[Bigsby]

Originally Posted by Tam o' Shantie

A normal person is perfectly entitled to own as many properties as he or she can afford...how can you possibly disagree with this?

Yep, entirely legitimate, completely legal, and the type of capitalist behaviour that is necessary to make the world go round.

Still doesn't mean I have to agree with it or think it's morally acceptable though.

Originally Posted by shaun

you are going to be so pissed off when you find out about channel 4's property ladder.

Ha, I actually like watching Property Ladder, mostly to enjoy watching the people ignore her usually sound advice, and also because of "Beeney's Babies".

Originally Posted by Bigsby

Yep, entirely legitimate, completely legal, and the type of capitalist behaviour that is necessary to make the world go round.

Still doesn't mean I have to agree with it or think it's morally acceptable though.



Ha, I actually like watching Property Ladder, mostly to enjoy watching the people ignore her usually sound advice, and also because of "Beeney's Babies".

But it is morally acceptable and you make a lot of money from it assuming you have a 3+ bed room flat after council tax and mortage and insurance, electric and gas its not a bad little morally acceptable sum

[Bigsby]

Originally Posted by MerryChristmas

But it is morally acceptable and you make a lot of money from it assuming you have a 3+ bed room flat after council tax and mortage and insurance, electric and gas its not a bad little morally acceptable sum

Shows how much I know then, I would have assumed that all those things you list would be paid by the tenant, rather than the owner, but I'm clearly not an expert in the field of property leasing like you are.