Originally posted by Doggy Styles
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Reply to: Boom!
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Previously on "Boom!"
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Originally posted by PAH View PostCardboard boxes.
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Using 1999 as the base is irrelevant to the recession.
What do they live in up north anyway?
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So house prices soared. What about wages? The only thing that's happened is a lot of mugs have gone deeper into debt slavery for a pile of bricks.
The next kick in the nads will be when their pile of bricks goes into negative equity and instead of getting pay rises they get job cuts. Add onto that the inevitable tax rises and a multitude of stealth taxes after the election and the future isn't bright or orange it's tulipe and porridge.
After watching Romancing the Stone the other week, the idea of Foxtrotting Oscar around the world on a yacht while it all goes tits up is starting to look like a bloody good idea.
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I'd say the pound is worth maybe half of what it was 10 years ago - this wasn't obvious until few years ago, but now it's catching up with house pricing inflation.
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Boom!
http://www.telegraph.co.uk/finance/p...ce-growth.html
The average cost of a home in Yorkshire and Humber soared by 130pc during the Noughties, jumping from £55,574 in 1999 to £127,852 at the end of last year, according to Halifax. The North and North West saw strong growth of 120pc and 112pc respectively during the period, while in Wales house prices increased by 122pc to average £137,316.
What ******* recession!
Safe as houses, property only ever goes up (under Labour).Tags: None
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