PDA

View Full Version : Property: Always a good investment!!!!!



BlackenedBiker
21st January 2010, 13:33
http://news.bbc.co.uk/1/hi/business/8468605.stm


"In today's money, a typical home would have cost about £43,000 in 1959"


So anyone saying don't buy property. History is very much against you over the long term...

ratewhore
21st January 2010, 13:37
wow - for a piece of research, that's up there with 'the recession has affected peoples spending habits', that was in the paper a few weeks back.

How do people get research grants for this crap?

BlackenedBiker
21st January 2010, 13:41
wow - for a piece of research, that's up there with 'the recession has affected peoples spending habits', that was in the paper a few weeks back.

How do people get research grants for this crap?

Aren't you surprised that the cost of a house has increased in real terms by 400% in 50 years??

sasguru
21st January 2010, 13:44
Aren't you surprised that the cost of a house has increased in real terms by 400% in 50 years??

No I made a shit load from BTL in just over 10 years.
You've got to pick the right 10 years mind - 1996-2006 was quite good :smokin

ratewhore
21st January 2010, 13:46
so house price inflation has outstripped increases in annual earnings over time? No, I'm not surprised.

Although it's nice that Halifax are pointing out that the quality of the homes people can't afford are much better than they used to be...

DimPrawn
21st January 2010, 13:48
No I made a tulip load from BTL in just over 10 years.
You've got to pick the right 10 years mind - 1996-2006 was quite good :smokin

WHS.

1986 to 1996 was not as good.

I don't expect 2010 to 2020 to be much cop.

TimberWolf
21st January 2010, 13:48
They probably took most of your working life to pay for, then and now, though. Houses also seem to be getting smaller.

AtW
21st January 2010, 13:53
1986 to 1996 was not as good.

Let me guess - they did not have Liebor Govt in that period? :eyes

sasguru
21st January 2010, 13:53
WHS.

1986 to 1996 was not as good.

I don't expect 2010 to 2020 to be much cop.


Still recall my first property bought in 1995: a two bed Victorian garden property in London zone 3 - for, get this, £56K :laugh:laugh

AtW
21st January 2010, 13:54
Still recall my first property bought in 1995: a two bed Victorian garden property in London zone 3 - for, get this, £56K :laugh:laugh

They gave it away for free after you left it. :wink

sasguru
21st January 2010, 13:54
Let me guess - they did not have Liebor Govt in that period? :eyes

Labour have been very good for me.

thunderlizard
21st January 2010, 13:54
The average home has almost quadrupled in value, having risen by 273% since 1959 in real terms, the Halifax found. In today's money, a typical home would have cost about £43,000 in 1959.


Aren't you surprised that the cost of a house has increased in real terms by 400% in 50 years??

:confused:

sasguru
21st January 2010, 13:58
:confused:

He's had a Labour educashun. Not very good with numbers you see.

:rollin::rollin:

sasguru
21st January 2010, 14:00
They gave it away for free after you left it. :wink

Well more fool them considering I sold it in 2006 for £280K :laugh

AtW
21st January 2010, 14:01
It's not the "value" of houses that's gone up, but it's the value of money that's dropped.

HTH

sasguru
21st January 2010, 14:01
It's not the "value" of houses that's gone up, but it's the value of money that's dropped.

HTH

Spoken like a true bed-sitting renter.:laugh:laugh

SuperZ
21st January 2010, 14:02
Notice how a longer term analysis is becoming the norm, possibly to pursuade people into the market as the returns look more attractive longer term.
I think soon we'll be struggling with the 'house prices double every 10 years rule'. Round my way first time buyer flats are now below this rule, and I think later the rest of the market may follow (if first time buyers won't/can't stomp up more cash, it'll probably affect the rest of the market).

So take a 44000 flat bought in Q4 1998. As of Q4 2009 it's sold for 85000 and there are others going for around this price also. Area, West Berkshire. Still a decent return but given the surging market over the last 10 years it may be seen as ONLY just under 100% increase in value, rather than "wow". At their peak these properties were selling for just under £120,000 (wel, between 115 and 120k to be fair).

AtW
21st January 2010, 14:02
Spoken like a true bed-sitting renter.:laugh:laugh

I'll be moving in the next couple of months. :wink

gingerjedi
21st January 2010, 14:06
Still recall my first property bought in 1995: a two bed Victorian garden property in London zone 3 - for, get this, £56K :laugh:laugh

£56k will only buy you a shed these days. :rolleyes:

:wink

AtW
21st January 2010, 14:13
£56k will only buy you a shed these days. :rolleyes:

:wink

Not even an eco shed?

Tarquin Farquhar
21st January 2010, 14:19
http://news.bbc.co.uk/1/hi/business/8468605.stm


"In today's money, a typical home would have cost about £43,000 in 1959"


So anyone saying don't buy property. History is very much against you over the long term...That's an average of 2.8% return, compounded annually. A Post Office Savings Book would have done you slightly better.

TimberWolf
21st January 2010, 14:28
That's an average of 2.8% return, compounded annually. A Post Office Savings Book would have done you slightly better.

After inflation?

So if you put £43K into a PO Savings Book in 1959, the proceeds today would buy the house you could have bought with it in 1959. Wow :rolleyes:

sasguru
21st January 2010, 14:29
£56k will only buy you a shed these days. :rolleyes:

:wink

Indeed. I hadn't noticed that correspondence :laugh:laugh

BlackenedBiker
21st January 2010, 14:48
:confused:

My bad, I believed avg house prices to be higher.

It is not my maths which is bad, I can't read obviously.

BlackenedBiker
21st January 2010, 14:50
Still recall my first property bought in 1995: a two bed Victorian garden property in London zone 3 - for, get this, £56K :laugh:laugh

You may question my ability with figures, but reading your posts something about you really doesn't add up.

HTH

DimPrawn
21st January 2010, 14:53
sasguru has done very well.

In 1996 he bought a £56K property and today lives in a million pound house.

What a guy!

sasguru
21st January 2010, 14:54
sasguru has done very well.

In 1996 he bought a £56K property ...

And the rest ....

sasguru
21st January 2010, 14:55
You may question my ability with figures, but reading your posts something about you really doesn't add up.

HTH

Yes, yes ...now take your pills and go back to work

sasguru
21st January 2010, 15:00
today lives in a million pound plus house.

What a guy!


FTFY. I didn't buy it for a million obviously.:rolleyes:

BlackenedBiker
21st January 2010, 15:00
Yes, yes ...now take your pills and go back to work

Millionaire property tycoon, who gets mid 5 figure bonuses from his banking job and yet he still has time to post 40 times a day on this site.

The only way I can see that working is if you were working in the sperm banking sector and were getting a tenner a sperm!

Now stop making things up, No-one believes you....

sasguru
21st January 2010, 15:07
The only way I can see that working ...

What are you - an expert on the way the world works?:laugh:laugh
Given the naive questions you ask on here, I seriously doubt it.
One day you'll learn - or maybe not.

BrilloPad
21st January 2010, 15:09
http://news.bbc.co.uk/1/hi/business/8468605.stm


"In today's money, a typical home would have cost about £43,000 in 1959"


So anyone saying don't buy property. History is very much against you over the long term...

What happened if you bought in 1990 and sold in 1994? And I mean the average - not a house in Chelsea.....

BlackenedBiker
21st January 2010, 15:10
What happened if you bought in 1990 and sold in 1994? And I mean the average - not a house in Chelsea.....

It is not a cert in the short term, but it looks good in the long term.

Keep a house for 20 years and I think you would be very unlucky to miss out.

sasguru
21st January 2010, 15:11
It is not a cert in the short term, but it looks good in the long term.

Keep a house for 20 years and I think you would be very unlucky to miss out.

Sheer Genius!

DimPrawn
21st January 2010, 15:12
Millionaire property tycoon, who gets mid 5 figure bonuses from his banking job and yet he still has time to post 40 times a day on this site.

The only way I can see that working is if you were working in the sperm banking sector and were getting a tenner a sperm!

Now stop making things up, No-one believes you....

I'm sick of these Walter-Mitty Millionaire Property Tycoon types here.

:laugh

BlackenedBiker
21st January 2010, 15:15
What are you - an expert on the way the world works?:laugh:laugh
Given the naive questions you ask on here, I seriously doubt it.
One day you'll learn - or maybe not.

Hey there big guy, unlike some I don't profess to know everything that there is to know. I value advice from others and I like to learn.

With regards to my expertise on the ways of the world, I am doing ok. Mid thirties, beautiful family been on 6 figures since I was 28, in contract until mid-April and busy travelling the world during bench time.

I know it doesn't compare to your stellar existence as a jet-setting sperm banker. The difference is what I have described as my life is in the real world.

:wink

DimPrawn
21st January 2010, 15:18
been on 6 figures since I was 28

You don't count the pence, you know that don't you?

sasguru
21st January 2010, 15:20
Hey there big guy, unlike some I don't profess to know everything that there is to know. I value advice from others and I like to learn.

With regards to my expertise on the ways of the world, I am doing ok. Mid thirties, beautiful family been on 6 figures since I was 28, in contract until mid-April and busy travelling the world during bench time.

I know it doesn't compare to your stellar existence as a jet-setting sperm banker. The difference is what I have described as my life is in the real world.

:wink

Yeah we believe you - and that's why you started this thread on whether property is a good investment?

:rollin::rollin::rollin:

wantacontract
21st January 2010, 15:29
You don't count the pence, you know that don't you?

:laugh nice post, made me laugh

BlackenedBiker
21st January 2010, 15:30
You don't count the pence, you know that don't you?

:smokin

BlackenedBiker
21st January 2010, 15:31
Yeah we believe you - and that's why you started this thread on whether property is a good investment?

:rollin::rollin::rollin:

Read the title noob

Platypus
21st January 2010, 17:20
I'm sick of these Walter-Mitty Millionaire Property Tycoon types here.

:laugh

Oh the irony!

(but perhaps that's what the smiley was for!)

shaunbhoy
21st January 2010, 17:54
Labour have been very good for me.

No doubt. They have lined the pockets of all manner of undeserving weasels. You are in good company. A bit like Mandelson but without being quite so butch!
:laugh