NorthernJambo Posted September 3, 2017 Share Posted September 3, 2017 That's literally round the corner from where I used to live. Lovely wee village. Aye, it really is Phil. Couple of decent pubs, usually one has something on at the weekends and like I say half an hour and you're in Edinburgh. I'll miss not being able to visit aberdour Link to comment Share on other sites More sharing options...
Granny Danger Posted September 3, 2017 Share Posted September 3, 2017 39 minutes ago, NorthernJambo said: As we're on the topic of houses, if anyone is looking for a 3 bed semi in a (genuinely) nice part of Fife, I may or may not know the current owners... https://espc.com/property/47-humbie-terrace-aberdour-ky3-0xp/35535354?sid=24640576942 Edit: it's also roughly a 4 min walk to the station so handy for trains to Edinburgh "Genuinely nice part of Fife...", this isn't the joke thread mate. Link to comment Share on other sites More sharing options...
pittsburgh phil Posted September 3, 2017 Share Posted September 3, 2017 You should be a detective. Nicer than anywhere in Dundee. And I'm including the Ferry in that. Link to comment Share on other sites More sharing options...
Granny Danger Posted September 3, 2017 Share Posted September 3, 2017 Just now, pittsburgh phil said: Nicer than anywhere in Dundee. And I'm including the Ferry in that. 1. You're delusional. 2. People from the Ferry wouldn't like that. Link to comment Share on other sites More sharing options...
NorthernJambo Posted September 3, 2017 Share Posted September 3, 2017 "Genuinely nice part of Fife...", this isn't the joke thread mate. That's why I felt I had to add genuinely. It actually is. There isn't many and it definitely helps having a station. As stated to throbs, not my house. If I could afford it and didn't work 100 miles away I'd buy it. Link to comment Share on other sites More sharing options...
Zen Archer (Raconteur) Posted September 3, 2017 Share Posted September 3, 2017 11 minutes ago, NorthernJambo said: No, sadly not throbs. I do confess to knowing the owners though. I did potentially live in it at one point... ^^^^^Bidey in. Link to comment Share on other sites More sharing options...
Busta Nut Posted September 3, 2017 Share Posted September 3, 2017 Has this descended into calling someone a lying fantasist yet? Link to comment Share on other sites More sharing options...
Finch road Posted September 3, 2017 Share Posted September 3, 2017 As we're on the topic of houses, if anyone is looking for a 3 bed semi in a (genuinely) nice part of Fife, I may or may not know the current owners...https://espc.com/property/47-humbie-terrace-aberdour-ky3-0xp/35535354?sid=24640576942Edit: it's also roughly a 4 min walk to the station so handy for trains to Edinburgh [emoji57] 200k in Fife [emoji23] [emoji23] [emoji23] Link to comment Share on other sites More sharing options...
weirdcal Posted September 3, 2017 Share Posted September 3, 2017 No idea. Renting it off the farmer till i qualify for a mortgage over here. 4 beds 3 bathrooms.2 Sitting rooms a huge kitchen. Utility room and sun room. A loft that covers the entire top floor and could be converted. No neighbours and at the arse end of the arse end of nowhere. One eir get the collective fingers out arse and get the exchange updated in rossmore then i am laughing Link to comment Share on other sites More sharing options...
throbber Posted September 3, 2017 Share Posted September 3, 2017 Have you considered Perthshire ? To add to this I think Kinross would be a fine place to live. Good sized town with everything you need, nice and central and near the motorway and will for ever remind me of T in the Park. Link to comment Share on other sites More sharing options...
Zetterlund Posted September 3, 2017 Share Posted September 3, 2017 21 hours ago, Cerberus said: I rent. $3500 a month for a 2 bedroom flat. I can't believe the prices of housing in the Midwest. They basically give them away. Crazy money. My sister rents a flat in Brooklyn for about $2200 but SF is on another level. I suppose that's why you hear about young professionals living in shipping containers etc. I'll be in SF at Christmas so I look forward to seeing all these presumably gold-plated apartment blocks. Link to comment Share on other sites More sharing options...
Granny Danger Posted September 3, 2017 Share Posted September 3, 2017 1 hour ago, throbber said: To add to this I think Kinross would be a fine place to live. Good sized town with everything you need, nice and central and near the motorway and will for ever remind me of T in the Park. I don't like you moving too close to Dundee TBH. I like Leith but maybe best if you're single/couple without kids/retired. Link to comment Share on other sites More sharing options...
throbber Posted September 3, 2017 Share Posted September 3, 2017 I don't like you moving too close to Dundee TBH. I like Leith but maybe best if you're single/couple without kids/retired. You would be the last person I would bother if I moved closer to Dundee so don't you worry. There aren't that many houses in Leith and it's mostly flats which aren't ideal for kids obviously. We have a 2 bedroom flat so it's fine for a few years at least. Link to comment Share on other sites More sharing options...
ham89 Posted September 4, 2017 Share Posted September 4, 2017 £127,500 2 bed house. Cheaper end of the market out here but it was our first house, all part of the '5 year plan'. Looking at recent sales, we should make a small profit when we come to selling in a few years. Sent from my SM-G935F using Pie and Bovril mobile app Link to comment Share on other sites More sharing options...
throbber Posted September 4, 2017 Share Posted September 4, 2017 If you, for example buy a house for £120k and borrow £100k of that for a mortgage and then 10 years down the line want a nicer house at £185k so need to borrow a further £65k then how does the home owner benefit from the £120k house going up in value? You are still paying off a loan to the bank so how does the increase in property value benefit you as a home owner when you are still paying off a loan? Link to comment Share on other sites More sharing options...
hk blues Posted September 4, 2017 Share Posted September 4, 2017 11 minutes ago, throbber said: If you, for example buy a house for £120k and borrow £100k of that for a mortgage and then 10 years down the line want a nicer house at £185k so need to borrow a further £65k then how does the home owner benefit from the £120k house going up in value? You are still paying off a loan to the bank so how does the increase in property value benefit you as a home owner when you are still paying off a loan? You might be able to cash in the equity without selling. Or you might be able to borrow against the equity. And you'll benefit when you come to sell. In your scenario above, you will need to borrow £20k less than if the house hadn't increased in value. Then again, if you're moving up the ladder, the increase in the 1st place might well be less than that of the 2nd. Link to comment Share on other sites More sharing options...
Boghead ranter Posted September 4, 2017 Share Posted September 4, 2017 30 minutes ago, throbber said: If you, for example buy a house for £120k and borrow £100k of that for a mortgage and then 10 years down the line want a nicer house at £185k so need to borrow a further £65k then how does the home owner benefit from the £120k house going up in value? You are still paying off a loan to the bank so how does the increase in property value benefit you as a home owner when you are still paying off a loan? So you buy a house for £120k, and borrow £100k, so you've out in £20k of your own. Let's say you sell for £130k, so you now have £30k of your own money, which you can use some or all of for your next deposit. When you buy your next house for £185k, if you put the full £30k in as deposit, your mortgage is £155k. So you've got house worth £55k more than your old one (or £65k more if you want to compare purchase prices), but your mortgage is only £35k more. And if your original mortgage was Capital and Interest, then you'll have a lot less than £100K to pay back to clear it, so your profit will be even bigger. Link to comment Share on other sites More sharing options...
throbber Posted September 4, 2017 Share Posted September 4, 2017 Well thats great then, I didn't know how the banks dealt with it and assumed they benefited from the enhanced sale price. Link to comment Share on other sites More sharing options...
whiskychimp Posted September 4, 2017 Share Posted September 4, 2017 49 minutes ago, throbber said: If you, for example buy a house for £120k and borrow £100k of that for a mortgage and then 10 years down the line want a nicer house at £185k so need to borrow a further £65k then how does the home owner benefit from the £120k house going up in value? You are still paying off a loan to the bank so how does the increase in property value benefit you as a home owner when you are still paying off a loan? Depends what you're doing. Generally it doesn't. If you sell your house that's gone up by 20%, and you buy a more expensive house that has gone up by the same..... You lose. If you downsize you win. Anyway, my pad in Shepherds Bush is about 550k and my missus has a 200k flat in some shitty part of east London. Jointly we own a wee pad in Glasgow worth about 120k. Link to comment Share on other sites More sharing options...
Boghead ranter Posted September 4, 2017 Share Posted September 4, 2017 8 minutes ago, throbber said: Well thats great then, I didn't know how the banks dealt with it and assumed they benefited from the enhanced sale price. Nope, your only obligation is to clear what you owe them when you sell up. The only time they profit is if you've had some sort of shared ownership purchase deal with them, say if you buy a £100k house, and you take a mortgage for £80k, without having the £20k to put down. Your lender pays the £20k, and effectively takes a 20% stake in your property. If you subsequently sell for £120k, you get 80% of that, which equals £96k. You have to clear your mortgage, so will make at least £16k. The bank get their 20% share, the other £24k, so they've made a £4k profit too, although they also get their £80k that they loaned you for the mortgage back too (plus they've had all the interest that you've paid during the mortgage term too. How a bank can fail to make a profit always mystifies me. Link to comment Share on other sites More sharing options...
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