Nationwides House Price Index - Sept 2013

[cojak]

For some reason I always imagined you had a whip close to hand at all times

I do but my chair's got wheels - I'll need something light and strong when the whiff of fresh meat brings them in...

[northernladuk]

I do but my chair's got wheels - I'll need something light and strong when the whiff of fresh meat brings them in...

Well that is BP, MF and SY out of the running then. Best stick to a chair!

[Wanderer]

Except, when you are trading down, first off you get used to a certain size of property in a nice area. The only way to release large amounts of money is to move somewhere tulipe in a cramped little box.

So a typical middle age couple's ideal house might be big, plenty of bedroom/living/study space for all the kids, close to great schools, in a densely populated area so there's plenty to do but with a fast/easy commute to a major business centre so you can have a decent work/life balance.

When you retire, you have no further need for the big house, the kids have finished school and you aren't bothered about a fast/easy commute either. So you can now sell up so a young family and move out of the big smoke to a quiet area where you can get a nice house which is easy to look after (but big enough to entertain visitors) for half the price of your house in the city.

Your house in the city cost £x when you brought it, you sell up for twice what you paid for it and buy a nice place in the country for £x. That leaves you with a nice stash of money to spend during your retirement.

[DS23]

wws

[AtW]

So a typical middle age couple's ideal house might be big, plenty of bedroom/living/study space for all the kids, close to great schools, in a densely populated area so there's plenty to do but with a fast/easy commute to a major business centre so you can have a decent work/life balance.

No, that would be two ideal houses so that they can't see each other too often ...