Nationwide Building Society House Price Index July 2015

[DimPrawn]

During the 70s house prices were static. But with inflation at 25% that counts as a crash.

And 98% income tax and eye watering interest rates.

BBC NEWS | Politics | 1975 economic fears are laid bare

Will be a wake up call to the Facebook generation.

[PurpleGorilla]

Nationwide Building Society House Price Index July 2015

During the 70s house prices were static. But with inflation at 25% that counts as a crash.

[DimPrawn]

Isn't the simple solution to just buy 1000 houses and become super rich?

Rental income plus capital appreciation = millionaire in a few years.

[unixman]

As a person who has been a keen saver for decades and reaped the reward of a large fish in the face, I am jealous of you BTLers.

Know nothing of BTL, but half a mind to buy a house in the same street and rent mine out. Been living there 15 years so that would get around the BTL mortgage restrictions.

[AtW]

AtW, are you reading this

The kind of house I am looking at did not change price over 2-3 years owners were trying to sell it at... I reckon deflation in premium market

[DimPrawn]

As a person who has been a keen saver for decades and reaped the reward of a large fish in the face, I am jealous of you BTLers.

Know nothing of BTL, but half a mind to buy a house in the same street and rent mine out. Been living there 15 years so that would get around the BTL mortgage restrictions.

Assuming you have a mortgage you have to get permission to rent it out.

[Lightwave]

The kind of house I am looking at did not change price over 2-3 years owners were trying to sell it at... I reckon deflation in premium market

I reckon rampant overpricing in the 'actually nobody wants it that badly' market...

[AtW]

I reckon rampant overpricing in the 'actually nobody can afford it' market...

FTFY

[AtW]

And 98% income tax and eye watering interest rates.

BBC NEWS | Politics | 1975 economic fears are laid bare

Will be a wake up call to the Facebook generation.

It sounds bad, but in reality it helps control inflation - nobody gets lots of dosh, so can't afford to pay crazy prices for houses etc. Of course the inherited wealthy still ok, but that's how the system is designed.