Advice on buying a house (Netherlands, Amsterdam) - page 3.

bigtimespaghetti

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Quote from: freeyourmind on July 09, 2015, 05:21:26 PM

Amsterdam is one of the nicest cities I've been to, and would love to go back there, even to live for a year or two.

I'd do a quick financial scenario analysis between renting and buying and keep an eye on what's available for sale on the market.

I think I'm in a little bit of a middle class bubble here compared to the rest of the Netherlands, despite the crime being highest here compared to the rest of the country I haven't had much trouble, but I am lucky enough to live in the centre right now.

freeyourmind

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Amsterdam is one of the nicest cities I've been to, and would love to go back there, even to live for a year or two.

I'd do a quick financial scenario analysis between renting and buying and keep an eye on what's available for sale on the market.

bigtimespaghetti

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Quote from: TPTB_need_war on July 09, 2015, 01:38:49 PM

bigtimespaghetti, remember I warned you not to go into the London property market and said it would collapse into October 2015 (before I advised you to take the career change leap to Netherlands which appears to be working out great for you ... I see your new ebook on minting).

The London Property Market is Crashing

Note I was posting as "iamback" upthread. I am the former user AnonyMint.

hey TPTB! I have been following your many username iterations

I've been too busy lately to follow your latest postings though I'm afraid, I'm glad to see that you're still active.

Thanks for the link, UK has been showing all the signs of another bubble, but I haven't been following it too closely.

Yes, things are lovely here in Amsterdam. The job was probably exactly the thing for me, not to mention the adventure and challenge of living in a different country. The book has been a side project for the last year, I'm glad to have it finished!

TPTB_need_war

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bigtimespaghetti, remember I warned you not to go into the London property market and said it would collapse into October 2015 (before I advised you to take the career change leap to Netherlands which appears to be working out great for you ... I see your new ebook on minting).

The London Property Market is Crashing

Note I was posting as "iamback" upthread. I am the former user AnonyMint.

bigtimespaghetti

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Quote from: iamback on March 18, 2015, 11:26:51 AM

Quote from: iamback on March 18, 2015, 11:26:13 AM

http://armstrongeconomics.com/2015/03/18/state-of-emergency-in-frankfurt-ecb-protests/

Yep. This is pretty crazy stuff- commented on a thread about this. The protest seems largely manufactured by hard lefties though. I wouldn't consider it much of a reflection of the general populace.

bigtimespaghetti

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Quote from: dulldog on March 18, 2015, 11:04:40 AM

Quote from: bigtimespaghetti on February 24, 2015, 06:34:33 AM

I'm thinking of buying a flat in Amsterdam or rather taking a mortgage out more specifically. Mortgage rates are pretty good and if I choose to I will have to invest little of my own money.

Pros:

It's in a bustling major city
The market seems to have bottomed and is in a small upswing
Easy for me to get a good size mortgage
Rates are very low
Some tax benefits to owning
Beats renting
Can always rent it out fairly easily if I end up having to leave Amsterdam

You forgot to mention coffeshops Wink

I don't smoke. Tongue

iamback

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dulldog

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Quote from: bigtimespaghetti on February 24, 2015, 06:34:33 AM

I'm thinking of buying a flat in Amsterdam or rather taking a mortgage out more specifically. Mortgage rates are pretty good and if I choose to I will have to invest little of my own money.

Pros:

It's in a bustling major city
The market seems to have bottomed and is in a small upswing
Easy for me to get a good size mortgage
Rates are very low
Some tax benefits to owning
Beats renting
Can always rent it out fairly easily if I end up having to leave Amsterdam

You forgot to mention coffeshops Wink

iamback

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The intertwined finance dominoes will fall...

http://armstrongeconomics.com/2015/03/18/austria-to-default-of-debt-of-10-2-billion-euros/

LitcoinCollector

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Quote from: iamback on March 17, 2015, 09:27:53 AM

Quote from: LitcoinCollector on March 17, 2015, 02:50:55 AM

...With the metro line coming in a few years (maybe 10 Wink

)...

Make that 20 years or more, due to sovereign debt contagion crisis that will impale the EU from 2016 - 2024 at least.

Perhaps your right, Amsterdam is in a huge dept because of the Noord-Zuid lijn, but my guess would still be within 10 years.

bigtimespaghetti

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Quote from: iamback on March 17, 2015, 09:57:24 AM

Quote from: bigtimespaghetti on March 17, 2015, 01:52:04 AM

Quote from: iamback on March 16, 2015, 02:35:48 PM

Nadeem Walayat is usually correct. Appears buying a house in the UK or getting involved in UK real estate will be sustainable for at least 2 years; whereas, Europe is ready to slide over the cliff as of October.

http://www.marketoracle.co.uk/Article49783.html

Yes, his forecasting is pretty good, especially regarding the UK. He has been advocating property in the UK for a couple of years if I remember rightly.

Yes he did. And apologies I was thinking the UK would bust with Europe as of October 2015, but now I realize the USA and UK are independent because they (or were) reserve currencies[1] and thus they will get ingress of capital that is fleeing the collapsing EU, China[2], and Japan in 2016.

[1]

Quote from: iamback on March 16, 2015, 03:28:46 AM

...There are banksters in every nation on earth. For now, they just happen to be concentrated in New York (and lingering in London) for the moment, because that is where the seat of financial (and military) power is held because the USA (and formerly England) holds the world's reserve currency [i.e. they are the current financial capitals of the world].

[2] https://bitcointalksearch.org/topic/m.10794406

Perhaps this ingress of capital will be the final impetus for the London property bubble to ultimately top. I've been trying to think of what could cause this outside of young families finally being completely priced out. The UK government seems committed to propping up the property market (understandably so) too.

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iamback

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Quote from: LitcoinCollector on March 17, 2015, 02:50:55 AM

...With the metro line coming in a few years (maybe 10 Wink

)...

Make that 20 years or more, due to sovereign debt contagion crisis that will impale the EU from 2016 - 2024 at least.

bigtimespaghetti

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Quote from: LitcoinCollector on March 17, 2015, 02:50:55 AM

Well, an affordabe option would be Amsterdam-Noord. With the metro line coming in a few years (maybe 10 Wink

) this will be a good investment for the future. IJburg is an option. The centre is always a good investment, but can you afford it. The rent is very for a loan is very low at the moment, so good time to buy!

Thanks for the input, I didn't know about the metro line being built.

For now I am going to see what the market does. I have not mentioned that my bank has changed the terms of any mortgage I take from them, so it's not as attractive to me to buy a house right now.

LitcoinCollector

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Well, an affordabe option would be Amsterdam-Noord. With the metro line coming in a few years (maybe 10 Wink

) this will be a good investment for the future. IJburg is an option. The centre is always a good investment, but can you afford it. The rent is very for a loan is very low at the moment, so good time to buy!

bigtimespaghetti

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Quote from: elasticband on March 16, 2015, 02:44:24 PM

just buy btc man......fuck the bank and there mortgages in an inflated property market.

half the city is laundered money.....

Part of me says yeah this is adult Disneyland for tourists and prices just go up, especially for short term holiday rentals

the other part of me says...... soon, maybe even now given recent articles, the average person cannot afford the house prices here, something has to give.

either its is doomed to be the Venice of the north, where no one stays but everyone visits or prices need to go down, that's rental and buying.

HODL!

Fuck it i'm drunk, what do i know......

I agree, while the UK housing is manipulated up, it is coming to a point where no-one can afford to buy, especially in London. So either I'll be kicking myself in a few years time or I'll be witnessing another bubble pop in the UK and here in Amsterdam.

I have no idea how the average guy could afford anywhere even close to central in Amsterdam.

bigtimespaghetti

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Quote from: iamback on March 16, 2015, 02:35:48 PM

Nadeem Walayat is usually correct. Appears buying a house in the UK or getting involved in UK real estate will be sustainable for at least 2 years; whereas, Europe is ready to slide over the cliff as of October.

http://www.marketoracle.co.uk/Article49783.html

Yes, his forecasting is pretty good, especially regarding the UK. He has been advocating property in the UK for a couple of years if I remember rightly.

I will be waiting until October to see what happens probably.

elasticband

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Nighty Night Don't Let The Trolls Bite Nom Nom Nom

just buy btc man......fuck the bank and there mortgages in an inflated property market.

half the city is laundered money.....

Part of me says yeah this is adult Disneyland for tourists and prices just go up, especially for short term holiday rentals

the other part of me says...... soon, maybe even now given recent articles, the average person cannot afford the house prices here, something has to give.

either its is doomed to be the Venice of the north, where no one stays but everyone visits or prices need to go down, that's rental and buying.

HODL!

Fuck it i'm drunk, what do i know......

iamback

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Nadeem Walayat is usually correct. Appears buying a house in the UK or getting involved in UK real estate will be sustainable for at least 2 years; whereas, Europe is ready to slide over the cliff as of October.

http://www.marketoracle.co.uk/Article49783.html

iamback

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The banking system is Europe is F.U.B.A.R.[1]!

http://www.zerohedge.com/news/few-quick-reminders-why-nothing-has-been-fixed-europe-and-why-ltro-3-not-coming

http://www.zerohedge.com/news/2015-03-16/italian-bed-debt-hits-record-197-billion-bank-lending-contracts-unprecedented-33-con

[1] Fucked Up Beyond All Repair

Topic: Advice on buying a house (Netherlands, Amsterdam) - page 3. (Read 8075 times)