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House Price Crash Forum


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About Uchimata

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  1. 30 Year Fixed rate mortgages are ~2% at the moment, the Fed indicate they will be kept low for the next 5 years. With the money printing, not sure how this will all end...
  2. I remember reading supermarket prices are up ~10%, it definitely feels like that. Petrol (Gas) prices have nearly doubled in the last year and used car prices have increased 10% due to supply drying up. It may be the "free money" stimulus checks having an affect or the money printing, but you do notice the increases, I'll not even start on the house prices...
  3. The USA inflation rate hit 4.2% in April, money printing put an extra $3 Trillion into circulation last year. Some people are bracing for hyper-inflation. Are the UK/EU doing the same thing?
  4. Here in the USA a common occurrence is people moving from California with a ton of cash to work remotely in Nevada, Utah, Oregon, Idaho etc. with many locals in those states experiencing insane property increases. My personal observation is Boise ID has doubled in price over the past 3 years (unfortunate as I wouldn't mind moving there myself). With regards the Belfast market, I know of several software engineers from back home with ~8 years experience working remotely for London companies and being paid 80k-90k, thats good money. IMO thats got to affect the local property market in
  5. If it is done sympathetically taking our neighbours concerns into account, I don't see any problem converting a loft of garage into an airbnb. It seems enterprising to me and stimulates the economy with building work.
  6. 185k for 700sq ft, that ratio would buy a very nice place here in California.
  7. I don't mean this to sound trenchant but what kind of investment vehicle would make someone less of a leech?
  8. Hi, I did something similar around 10 years ago. The terrace house I was selling turned out to have a water saturated ground floor due to an undiscovered burst radiator, so I had to wait until that was fixed and dried out until I could sell. I did get it sold though, it was a stressful time, but this was due to the market being down and a lack of buyers. If you can cover both mortgages for 6 months you should be okay.
  9. People moving back from other global locations can afford to buy these places without much concern. I've been working in the bay area for the past 5 years, though the weather and opportunities are great in California, I still want to come home at some point. An area like Ravenhill Park in Alameda county (not even the fanciest part) would cost ~$2 million. There are a lot of Chinese investors helping to inflate the market out here, I wonder if they are starting to consider Belfast now?
  10. Royal Portrush is regularly rated in the top golf courses in the world, its 15th in this list (Royal County Down is 4th? https://www.top100golfcourses.com/top-100-golf-courses-of-the-world?page=2 It all depends on how Portrush presents itself this year but I think the future is looking good. Not sure about "300k for an apartment" good though...
  11. I live in California now but I do remember for a couple of weeks a year Portstewart being as good as anywhere. World class golf courses will inflate property in most places, an example over here is Carmel-by-the-sea. Its quaint fair enough but if it wasn't beside Pebble Beach property would be a 1/4 of the price.
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