Originally posted by AtW
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Property: Always a good investment!!!!!
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The average home has almost quadrupled in value, having risen by 273% since 1959 in real terms, the Halifax found. In today's money, a typical home would have cost about £43,000 in 1959.Originally posted by BlackenedBiker View PostAren't you surprised that the cost of a house has increased in real terms by 400% in 50 years??Comment
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Originally posted by thunderlizard View Post
Hard Brexit now!
#prayfornodealComment
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Originally posted by AtW View PostThey gave it away for free after you left it.Hard Brexit now!
#prayfornodealComment
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Originally posted by AtW View PostIt's not the "value" of houses that's gone up, but it's the value of money that's dropped.
HTHHard Brexit now!
#prayfornodealComment
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Notice how a longer term analysis is becoming the norm, possibly to pursuade people into the market as the returns look more attractive longer term.
I think soon we'll be struggling with the 'house prices double every 10 years rule'. Round my way first time buyer flats are now below this rule, and I think later the rest of the market may follow (if first time buyers won't/can't stomp up more cash, it'll probably affect the rest of the market).
So take a 44000 flat bought in Q4 1998. As of Q4 2009 it's sold for 85000 and there are others going for around this price also. Area, West Berkshire. Still a decent return but given the surging market over the last 10 years it may be seen as ONLY just under 100% increase in value, rather than "wow". At their peak these properties were selling for just under £120,000 (wel, between 115 and 120k to be fair).Last edited by SuperZ; 21 January 2010, 14:04.Comment
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Originally posted by sasguru View PostSpoken like a true bed-sitting renter.Comment
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Originally posted by sasguru View PostStill recall my first property bought in 1995: a two bed Victorian garden property in London zone 3 - for, get this, £56K
Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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Originally posted by gingerjedi View Post£56k will only buy you a shed these days.
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