Property: Always a good investment!!!!! Property: Always a good investment!!!!!
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  1. #1

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    BlackenedBiker is too good to be a permie

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    Default Property: Always a good investment!!!!!

    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...
    Faster, faster, faster, until the thrill of speed overcomes the fear of death.

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  2. #2

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    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?
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    Quote Originally Posted by ratewhore View Post
    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??
    Faster, faster, faster, until the thrill of speed overcomes the fear of death.

    Patience is something you admire in the driver behind you and scorn in the one ahead.

  4. #4

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    Quote Originally Posted by BlackenedBiker View Post
    Aren't you surprised that the cost of a house has increased in real terms by 400% in 50 years??
    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
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  5. #5

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    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...
    Older and ...well, just older!!

  6. #6

    Richer than sasguru

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    Quote Originally Posted by sasguru View Post
    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
    WHS.

    1986 to 1996 was not as good.

    I don't expect 2010 to 2020 to be much cop.
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  7. #7

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    They probably took most of your working life to pay for, then and now, though. Houses also seem to be getting smaller.

  8. #8

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    Quote Originally Posted by DimPrawn View Post
    1986 to 1996 was not as good.
    Let me guess - they did not have Liebor Govt in that period?

  9. #9

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    Quote Originally Posted by DimPrawn View Post
    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
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  10. #10

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    Quote Originally Posted by sasguru View Post
    Still recall my first property bought in 1995: a two bed Victorian garden property in London zone 3 - for, get this, £56K
    They gave it away for free after you left it.

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