The secret of MF's success

[DimPrawn]

How cashing in on London house prices could have turned £50k into £1m | Daily Mail Online

Stating with £50K, you made the following moves.

Year Change % Location Equity after costs
1995-96 24% Lambeth Walk £59,207
1996-97 34% Hoxton £75,716
1997-98 30% Tulse Hill £94,350
1998-99 25% East India £113,656
1999-00 44% Tooting Broadway £157,800
2000-01 27% Plumstead £194,056
2001-02 30% West Ham £238,888
2002-03 34% Dagenham £303,167
2003-04 15% Barking £330,944
2004-05 15% Woolwich Barracks £362,739
2005-06 14% Earls Court £394,564
2006-07 32% Campden Hill £489,951
2007-08 23% Marylebone £569,259
2008-09 4% Warwick Avenue £515,838
2009-10 24% Fulham £601,588
2010-11 14% Belsize Park £643,991
2011-12 18% South Gloucester Road £713,199
2012-13 19% Belgravia £800,629
2013-14 35% Walthamstow £1,011,567
2014-15 28% Turnpike Lane £1,182,045

Kerrrrrching! £50k to a cool million without lifting a finger, producing anything tangible, working, being productive, serving humanity, providing any service, and most importantly, paying a penny in tax when you sell up.

Now that's what Britain and it's economy is all about!

[vetran]

Kerrrrrching! £50k to a cool million without lifting a finger, producing anything tangible, working, being productive, serving humanity, providing any service, and most importantly, paying a penny in tax when you sell up.

blimey you have me rumbled!

[AtW]

In 1995 MFs credit limit was approximately a fiver.

HTH

[clearedforlanding]

When a house in Walthamstow is worth £1,011,567 there is clearly a ******* problem.

[MarillionFan]

In 1995 MFs credit limit was approximately a fiver.

HTH

You're not far wrong. In 95 a year out of Uni I owed about 5k in Student Loans and was about 3k overdrawn.

By the end of 97 I'd bought my first house having borrowed the deposit of my mum, quit my job, started contracting, cleared all my loans and had 10k in the bank.

Contracting was the best thing I'd done.

[Troll]

When a house in Walthamstow is worth £1,011,567 there is clearly a ******* problem.

Fook that was such a dump in the 90's

[WTFH]

You're not far wrong. In 95 a year out of Uni I owed about 5k in Student Loans and was about 3k overdrawn.

If 94 was when you left Uni, then either you are a very slow learner, or, dear child, you are less mature than me. We didn't have "student loans" when I went to Uni, so less of the "dear boy" attitude.

[Troll]

Were we out of the 90's property crash in 95?

[MrMarkyMark]

By the end of 97 I'd bought my first house having borrowed the deposit of my mum.

A good start for many "empires"

[MarillionFan]

If 94 was when you left Uni, then either you are a very slow learner, or, dear child, you are less mature than me. We didn't have "student loans" when I went to Uni, so less of the "dear boy" attitude.

I think you'll find you're wrong. The Student Loans Company started in 90/91, with tuition fees kicking in around 1997, dear boy.

https://en.wikipedia.org/wiki/Studen...United_Kingdom