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Debate House Prices
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What a charming bunch of people.....
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Based on my own experience? The flat i bought in 2001 for £110K reached a peak of 200K in 2007 and is now worth £175K.
I dont know about the early 70's but my parents bought in 84 for about 4.5X dads earnings. It now worth about 10X what someone doing what he did then would be on now.
I think that proves the point that when you buy in the cycle can make a big diff house prices almost double in surrey in 1972 so if you bought in Jan instead of December your mortgage would have been much smaller in relation to your salary0
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