I'm £68,500 richer than yow...

[DimPrawn]

And where will you ive then? Maybe atw will let you kip on his sofa.

I will live in an eco-shed on a gypsy campsite.

[BrilloPad]

....Atw

House price rises added £68,500 to average homeowner's wealth over the last decade – Telegraph Blogs


Boomed!

I'm off to buy that 911 Turbo with my FREE money.

And where will you ive then? Maybe atw will let you kip on his sofa.

[gingerjedi]

....Atw

House price rises added £68,500 to average homeowner's wealth over the last decade – Telegraph Blogs


Boomed!

I'm off to buy that 911 Turbo with my FREE money.

Yeah but a millionaire's mansion would have gone up loads more, get a chauffeur driven Maybach as well.

[AtW]

I'm off to buy that 911 Turbo with my FREE money.

Ah you little dirty spekulant!

[hyperD]

er. Sorry. These were darren upton magic beans. You now owe hmrc thirteen grand.

nooooooooooooooooooooooooooooooooooooooooooooooooo oooooooo!!!!!!

[MarillionFan]

Done!

Beans, beanstalks, gold, large castle property...and a grumpy giant. All my currency options covered there - woohooo!

Er. Sorry. These were Darren Upton magic beans. You now owe HMRC thirteen grand.

[hyperD]

Done!

Beans, beanstalks, gold, large castle property...and a grumpy giant. All my currency options covered there - woohooo!

[MarillionFan]

Yes indeed, gold and property, wine and paintings, baked beans and Avtomat Kalashnikova 47s are the new currency.

And don't forget your Champion 4000-watt RV Outlet Portable Generator.

And don't forget magic beans! In fact I'll swap this handful for your cow.

[hyperD]

Yes indeed, gold and property, wine and paintings, baked beans and Avtomat Kalashnikova 47s are the new currency.

And don't forget your Champion 4000-watt RV Outlet Portable Generator.

[escapeUK]

This post says it for me:-

Let's see now

Gold is the best yardstick of value ever, always has been. An ounce of gold 2000 years ago had about the same spending power as an ounce of gold today

In between 1999 and 2002, the period now nicknamed "Brown's Bottom", Gordon Brown sold off half of the UK's gold reserves at rock bottom prices, less than $300oz.

Today, gold is still around $1700 oz

If house values were denominated in gold, their real value has fallen dramatically.

House prices have increased 3 x denominated in Sterling but an ounce of gold bought in 2000 would buy over 5 x sterling today, a substantial nett loss.

It's all a big lie I'm afraid.

Owning a pile of cement is not an investment. At best, it's value denominated in a paper currency will offer some protection against the inflation of paper money.

[OwlHoot]

... Not to mention what house buyers who want a bigger house than their current little tulip hole have lost.

Too true - Prices don't all just shuffle up the same, there's a tidal or "stretching out" effect.

So it isn't just first time buyers priced out - Everyone is more stuck where they are.

(Apologies for stating the bleedin' obvious)

[escapeUK]

Lets just wait and see till we get a real rate of interest.

[Doggy Styles]

I wonder how much Wellington would get for that disused railway station these days?

Or the sewer pipe he upsized from.

[TimberWolf]

First time buyers £68,500 poorer

Not to mention what house buyers who want a bigger house than their current little tulip hole have lost.

[DimPrawn]

....Atw

House price rises added £68,500 to average homeowner's wealth over the last decade – Telegraph Blogs


Boomed!

I'm off to buy that 911 Turbo with my FREE money.