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Inflation is 'good' for house prices - if you have a house.Imagine a big red bus
On the side
30% inflation in 5 years
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Inflation is 'good' for house prices - if you have a house.
Batten down the hatches, this ship is going down!!?
...erm, how do we get off the ship when it hits the sea floor?
Those that ignore that advice (and rightly so), will be best jumping off the ship and swimming for it.
Last one to London's a loser!
Not really
An economist writes...
If you own a house worth say £100k and house inflation is say an annual 10%
Then in 5 years you home would be valued at £164,860.84
However, you want to buy a bigger house.
A house worth £200k now would be valued at £329,721.67 in 5 years time with the same amount of inflation
So whilst you may have saved up the original gap of £100k to buy the bigger house, the price difference is now £164,860.83
You are £64,860.83p short, even though your house is worth a lot more
Stick it on expenses.AH-7921?
Stick it on expenses.
The trick is to just stay where you are, that way house prices are irrelevant.
Vasectomy?
Which is what we've done having moved into ours in 1984. (It must be something in the blood .... my mum's been in hers since 1954.)The trick is to just stay where you are, that way house prices are irrelevant.
When I said 'good', perhaps I should have said 'good for people's warped perceptions'?Not really
An economist writes...
If you own a house worth say £100k and house inflation is say an annual 10%
Then in 5 years you home would be valued at £164,860.84
However, you want to buy a bigger house.
A house worth £200k now would be valued at £329,721.67 in 5 years time with the same amount of inflation
So whilst you may have saved up the original gap of £100k to buy the bigger house, the price difference is now £164,860.83
You are £64,860.83p short, even though your house is worth a lot more
Which is what we've done having moved into ours in 1984. (It must be something in the blood .... my mum's been in hers since 1954.)
Buy as big as you're going to need and ( the Government will ) cash in when you ( are incapable ) when the kids have left home, Because Mrs May is about to change the law on home ownership and care
When I said 'good', perhaps I should have said 'good for THE DAILY MAIL AND DAILY EXPRESS people's warped perceptions'?
Make hay not strawBuy now, sell before retirement, blow the lot and live on benefits. If you have to sell it to fund your slow death you may as well sell it to fund your life.
If you die with money in the bank you've lost. If you die owing money or living off others you've gone out ahead.Buy now, sell before retirement, blow the lot and live on benefits. If you have to sell it to fund your slow death you may as well sell it to fund your life.