Reply to: Renting IS Cheaper Than Buying

[_V_]

If the climate change gloom merchants are in any way correct, sea-levels are forecast to rise any time now. If so, what happened in Gloucester this summer will seem like a small puddle, and guess what, London will be the next New Orleans. So the young house buyer looking for long-term gain has to decide which major city will take over the world financial market stuff. Frankfurt? I'm not sure, but won't this city be prone to flooding too? Plus, prices are already high there. We could be looking at Madrid, Jo'Burg or maybe one of those Andean cities.
For what it's worth, none of the housing markets seem to factor in potential sea-level rises, so I personally have my doubts.

Buy a house boat.

[MrMark]

London falling

If the climate change gloom merchants are in any way correct, sea-levels are forecast to rise any time now. If so, what happened in Gloucester this summer will seem like a small puddle, and guess what, London will be the next New Orleans. So the young house buyer looking for long-term gain has to decide which major city will take over the world financial market stuff. Frankfurt? I'm not sure, but won't this city be prone to flooding too? Plus, prices are already high there. We could be looking at Madrid, Jo'Burg or maybe one of those Andean cities.
For what it's worth, none of the housing markets seem to factor in potential sea-level rises, so I personally have my doubts.

[brownie74]

Bulgaria

The best returns will come from emerging countries abroad. If picked well you'll pay relatively nothing now but growth is virtually guaranteed. Look at the new Eastern European countries in the EU. If they follow a similar trajectory in the long run to countries like Greece and Portugal when they came into the EU, in 20 years you'll be minted.

There. Don't say I'm never helpful.

You can get brand new luxury apartment over there for about 50K GBP

They are advertising a lot in European countries. I haven't seen any adverts in the UK though

[weboo]

Been a while since I visited this and was interested in the very topic only a year or two ago. I sold the house amid many rumours of interest rate rises and put all my equity into a 6.30% savings account. Bonds were crap. BTL was looking dogdy after working on a gig at a mortgage company, they knew something was coming like we see now.

http://www.icesave.co.uk/ will allow you to put 100k in there and will pay you after tax each month or year(you choose) the interest. If you have some eq, and you can split it(an account or IFA can tell you how) then you can get(get my calculator) 6300 a year each if you have 100k....thats 12000 b4 tax(take away 20% or so) if 200k

Yeah where I live is cheap, but I'm keeping my hand close to my chest and am hopin for a crash man then I'll buy a whole street or my own postcode.

[sasguru]

That's good, but how many people holiday in Croatia? After a quick bubble in prices as speculators rush in, does it have the draw from holiday makers and the infrastructure and flights to support a boom in tourists?

Long term, old chap, long term. It has the fundamentals in place - an outstandingly beautiful coastline and short flights from Western Europe. If you wait for the infrastructure to be developed it will be too late.

[_V_]

Wrong. There are few vagaries with ownership in most of the accession countries. And the criminal elementski are not interested in a guy who owns a couple of properties. My big tip is the Dalmation coast in Croatia. It is the new Riviera except better. It's hugely expensive by Eastern standards but not by London ones.

That's good, but how many people holiday in Croatia? After a quick bubble in prices as speculators rush in, does it have the draw from holiday makers and the infrastructure and flights to support a boom in tourists?

[sasguru]

I'm lost for words, and almost emotional

The problem with many of those countries is the vagaries surrounding ownership and the underlying criminal elementski

Wrong. There are few vagaries with ownership in most of the accession countries. And the criminal elementski are not interested in a guy who owns a couple of properties. My big tip is the Dalmation coast in Croatia. It is the new Riviera except better. It's hugely expensive by Eastern standards but not by London ones.

[mace]

Arriving a bit too late I am afraid..... check out the prices in Tallin or Vilnius...

I've been to Tallin - great city. It's small enough to walk around. Old town in the middle with modern shopping centres just outside the centre. Beach is about 15 minutes away. If you go, don't bother with the city centre nightclubs/bars - 90% full of IT contractor blokes looking for gash. All the locals go to the clubs in the suburbs.

Renting is cheaper than buying? What's that all about anyway? Whores are cheaper than wives. Nothing new there.

[Francko]

The best returns will come from emerging countries abroad. If picked well you'll pay relatively nothing now but growth is virtually guaranteed. Look at the new Eastern European countries in the EU. If they follow a similar trajectory in the long run to countries like Greece and Portugal when they came into the EU, in 20 years you'll be minted.

There. Don't say I'm never helpful.

Arriving a bit too late I am afraid..... check out the prices in Tallin or Vilnius...

[Bagpuss]

The best returns will come from emerging countries abroad. If picked well you'll pay relatively nothing now but growth is virtually guaranteed. Look at the new Eastern European countries in the EU. If they follow a similar trajectory in the long run to countries like Greece and Portugal when they came into the EU, in 20 years you'll be minted.

There. Don't say I'm never helpful.

I'm lost for words, and almost emotional

The problem with many of those countries is the vagaries surrounding ownership and the underlying criminal elementski

[King Cnvt]

I'm buying in Iraq. When the war is over, I will own 90% of the country for a fiver.

[sasguru]

I was too busy paying of my mortgage to be gambling on the BTL market. the gains over the last couple of years will soon be wipped away.
It will come around again for those who are patient, as it always does.

The best returns will come from emerging countries abroad. If picked well you'll pay relatively nothing now but growth is virtually guaranteed. Look at the new Eastern European countries in the EU. If they follow a similar trajectory in the long run to countries like Greece and Portugal when they came into the EU, in 20 years you'll be minted.

There. Don't say I'm never helpful.

[Bagpuss]

We've just been thro' the biggest property boom in history. Don't tell me you didn't exploit that?

I was too busy paying of my mortgage to be gambling on the BTL market. the gains over the last couple of years will soon be wipped away.
It will come around again for those who are patient, as it always does.

[King Cnvt]

Threaded has been going back in time over and over again and buying and selling the same 3 bed semi. Clever man.

[sasguru]

How can one profit from such a situation until the sh1t hits the proverbial?

We've just been thro' the biggest property boom in history. Don't tell me you didn't exploit that?