Property: Always a good investment!!!!!

[Tarquin Farquhar]

http://news.bbc.co.uk/1/hi/business/8468605.stm


"In today's money, a typical home would have cost about £43,000 in 1959"


So anyone saying don't buy property. History is very much against you over the long term...

That's an average of 2.8% return, compounded annually. A Post Office Savings Book would have done you slightly better.

[TimberWolf]

That's an average of 2.8% return, compounded annually. A Post Office Savings Book would have done you slightly better.

After inflation?

So if you put £43K into a PO Savings Book in 1959, the proceeds today would buy the house you could have bought with it in 1959. Wow

[sasguru]

£56k will only buy you a shed these days.

Indeed. I hadn't noticed that correspondence

[BlackenedBiker]

My bad, I believed avg house prices to be higher.

It is not my maths which is bad, I can't read obviously.

[BlackenedBiker]

Still recall my first property bought in 1995: a two bed Victorian garden property in London zone 3 - for, get this, £56K

You may question my ability with figures, but reading your posts something about you really doesn't add up.

HTH

[DimPrawn]

sasguru has done very well.

In 1996 he bought a £56K property and today lives in a million pound house.

What a guy!

[sasguru]

sasguru has done very well.

In 1996 he bought a £56K property ...

And the rest ....

[sasguru]

You may question my ability with figures, but reading your posts something about you really doesn't add up.

HTH

Yes, yes ...now take your pills and go back to work

[sasguru]

today lives in a million pound plus house.

What a guy!

FTFY. I didn't buy it for a million obviously.

[BlackenedBiker]

Yes, yes ...now take your pills and go back to work

Millionaire property tycoon, who gets mid 5 figure bonuses from his banking job and yet he still has time to post 40 times a day on this site.

The only way I can see that working is if you were working in the sperm banking sector and were getting a tenner a sperm!

Now stop making things up, No-one believes you....