Ok guys. I've found the issue. It's a problem with a plugin. GitGutter. If you're having this problem, there is a good chance you're using this plugin. If you disable all of the live update stuff in the plugins config, the problem goes away. Here are my settings after fixing the issue.
I hope this helps all of you who were suffering with the same issue. It really sucked. Please reply if this fixes your issue.
Thanks and ENJOY!