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Average cost of a home 'to hit £300,000 in five years'

seabiscuit_2
seabiscuit_2 Posts: 668 Forumite
in House buying, renting & selling
interesting article in todays telegraph

http://www.telegraph.co.uk/news/main...8/nhouse18.xml
See the stars they’re shining bright
Everything’s alright tonight
«13

Comments

  • bamberbamboo
    bamberbamboo Posts: 478 Forumite
    Part of the Furniture Combo Breaker
    very similar to the article front page of the Daily Express today, we're completing on our 3rd BTL by end of month so this is very good news for long termers like myself. :)


    http://www.dailyexpress.co.uk/news_detail.html?sku=212
    a please & thank you is all it takes :wave:
  • Pobby
    Pobby Posts: 5,438 Forumite
    Well if you believe that you`ll believe anything.That would mean the first time buyer would need an income of about £85k a year.Now that`s what I call wage inflation!
  • AndrewSmith
    AndrewSmith Posts: 2,871 Forumite
    It's called cause and effect.

    Because the media say it's so now people will believe it and expect it to happen.

    It is not possible for them or anyone to accurately predict what the average house cost is going to be in 5 years time.

    It is a typical case of making the news by printing the news.
  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    like the eternal "averages" its always those ones at the top of the market that bump up the "average".
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • Property_Magnate
    Property_Magnate Posts: 34 Forumite
    Bamberbamboo:

    If I may be so bold, what are the yields on your Buy to Let properties?

    Thanks.
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    seabiscuit wrote:
    Average cost of a home 'to hit £300,000 in five years'

    looks like im spending my house deposit on flash cars, and cheap women then, lol
  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    I've just posted my reply to this on the "parents stop.... " thread but I spotted one thing in the Express article:
    New figures show values rising at their strongest pace for five years, says the property website Rightmove.
    Is that based on last weeks listing prices by estate agents now the world cup is over?
    A house isn't a home without a cat.
    Those are my principles. If you don't like them, I have others.
    I have writer's block - I can't begin to tell you about it.
    You told me again you preferred handsome men but for me you would make an exception.
    It's a recession when your neighbour loses his job; it's a depression when you lose yours.
  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    manhattan wrote:
    looks like im spending my house deposit on flash cars, and cheap women then, lol
    and squandering the rest as someone once said.
    A house isn't a home without a cat.
    Those are my principles. If you don't like them, I have others.
    I have writer's block - I can't begin to tell you about it.
    You told me again you preferred handsome men but for me you would make an exception.
    It's a recession when your neighbour loses his job; it's a depression when you lose yours.
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    BobProperty wrote:
    and squandering the rest as someone once said.

    sounds good! lol
  • bamberbamboo
    bamberbamboo Posts: 478 Forumite
    Part of the Furniture Combo Breaker
    Property_Magnate wrote:
    Bamberbamboo:

    If I may be so bold, what are the yields on your Buy to Let properties?

    Thanks.

    Hi property magnate, brought 1st 24,500K, renting at 420.00 per month (just valued at 110k,)

    brought 2nd in may, 54k renting at 368, in process at buying 3rd completing end month, that will just be keeping itself probably won't do anything on it in a long while but I want it as it is opposite my own house and I want it for when daughter is ready for her own home as no way will she be able to get on property ladder.
    a please & thank you is all it takes :wave:
This discussion has been closed.
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