Reply to: boomed

[TheGreenBastard]

1 pound in 2000 has devalued by approximately 40%

That does eat in to some of the gains, but if you're doing BTL you also have to consider that 20 years of rental income on top of asset appreciation.

That's £96K winnings assuming a monthly rental income of £400.

[_V_]

Very selective choice of "British" cities.

They are all the ones that have gone up, ignoring the ones that didn't

[Paralytic]

Nice little earner.

Very selective choice of "British" cities.

[rootsnall]

any evidence to that statement? in manchester prices are rising like 6% a year for the last couple of years at least and that is what the chart is showing. However blackpool probably has the same 80k properties as 10 years ago still waiting to sell

UK House Price Index - Office for National Statistics

Figure 5 lets you track price changes per region from 2005. I suspect Manchester will get a sharper correction than most if/when it happens.

[GitMaster69]

That's a crap chart - in most places prices won't have changed since 2004 with all the gains between 2000 and 2004 as banks moved from a 3+1 mortgage rate to 3 to 4 joint earnings.

any evidence to that statement? in manchester prices are rising like 6% a year for the last couple of years at least and that is what the chart is showing. However blackpool probably has the same 80k properties as 10 years ago still waiting to sell

[eek]

Nice little earner.

That's a crap chart - in most places prices won't have changed since 2004 with all the gains between 2000 and 2004 as banks moved from a 3+1 mortgage rate to 3 to 4 joint earnings.

[northernladuk]

Yeah I’ll be putting every single penny in diversified property portfolio until it doesn’t matter anymore.
Planning to retire in 3 years , if only there was no pandemic Brexit and ir35....

And someone that GAS.

[GitMaster69]

Nice little earner.

Yeah I’ll be putting every single penny in diversified property portfolio until it doesn’t matter anymore.
Planning to retire in 3 years , if only there was no pandemic Brexit and ir35....

[_V_]

Jan 2000 1 GBP=2.5 CHF
today 1GBP=1.2 CHF
A fall of 52%

Not good if you are buying a lot of Swiss cheese and watches.

[Andy2]

1 pound in 2000 has devalued by approximately 40%

Jan 2000 1 GBP=2.5 CHF
today 1GBP=1.2 CHF
A fall of 52%

[_V_]

1 pound in 2000 has devalued by approximately 40%

Most probably. This is why cash is trash.

[BlasterBates]

Nice little earner.

1 pound in 2000 has devalued by approximately 40%

[edison]

It was.. well before you won yours... oh.. hang on.. Nerrrrrrrrrr

It was 9 years ago, maybe time to update your signature!

[_V_]

That's why you're still relying on contracting as your income

Nice little earner.

[_V_]

You don't say...