Boomed! House Prices going through the roof

**andy** · 8 February 2007, 10:04

At this rate a million £ house will become worth 10 million in the next 20 years
boomed

**rootsnall** · 8 February 2007, 10:07

Originally posted by DimPrawn

http://newsimg.bbc.co.uk/media/image...an_203x275.gif

I did tell everyone to buy more houses. They are soooooo cheap at the moment and in a couple of years they'll be worth double.

Easy, safe and practical investment advice by the Prawn.

Please note - House prices can go up as well as up. Your house is at risk if you set fire to it.

The estate agent who just sold me my new big house just told me it will double in the next 3 years. I'm quids in !!!!

**DimPrawn** · 8 February 2007, 10:17

We're in the money! I tell you honey!

**mictech** · 8 February 2007, 10:18

The whole housing market is a scam anyway.

You say your house will double in three years, so you sell up to take the profit. So where are you going to live, in a box on the high street or back with your mum. Cause the profit you just made you need to buy more digs, which have also doubled in price. You need mortage double the size etc etc.

Who do you think are the real winner here, you or the estate agent and banks.

**DimPrawn** · 8 February 2007, 10:20

Don't be daft. It's free money, there for taking. Fill yer boots!

**Francko** · 8 February 2007, 10:23

Originally posted by mictech

Who do you think are the real winner here

People who will retire outside UK with the profit made on UK houses.

**Troll** · 8 February 2007, 10:27

So I made over 5k @month last year just from owning a property......nice

**mictech** · 8 February 2007, 10:34

Originally posted by Francko

People who will retire outside UK with the profit made on UK houses.

Bit like Ronnie Biggs and look where he spent his last hours.

**sasguru** · 8 February 2007, 10:37

Originally posted by mictech

The whole housing market is a scam anyway.

You say your house will double in three years, so you sell up to take the profit. So where are you going to live, in a box on the high street or back with your mum. Cause the profit you just made you need to buy more digs, which have also doubled in price. You need mortage double the size etc etc.

Who do you think are the real winner here, you or the estate agent and banks.

That's why you should buy many properties, with BTL mortgages.
HTH.

Boomed! House Prices going through the roof