How many would buy more than one house if prices fell 60%?

DaddyBear

Blacklight wrote: »

You haven't actually looked at that graph have you. I mean really looked at.

Erm, yes. Have you??

mackay78

When we moved from our flat to our house we managed to hold onto the flat. For a while I thought it was the start of a property empire (!) - but in the end it was just hassle, hassle, hassle. One house is fine for me, I'll never go back to 'buy-to-let'

ukcarper

!!!!!!_face wrote: »

I'd be interested in seeing the true long-term, yes.

Why disregard the bigger picture?

I would think home ownership was pretty low in the 19th century let alone 18th but if you want a slightly better picture look here http://www.wwwk.co.uk/culture/housing/index.htm

twadge_face

Blacklight wrote:

You haven't actually looked at that graph have you. I mean really looked at.

DaddyBear wrote: »

Erm, yes. Have you??

Blacklight likes to make assertions without backing them up. Don't question him. Seems that only he can ask the questions, then responds all emotionally when he cannot bother (or is unable) to provide a reasoned answer.

Or will you prove me wrong, Blacklight? Perhaps you can tell us a bit about yourself?

twadge_face

ukcarper wrote: »

I would think home ownership was pretty low in the 19th century let alone 18th but if you want a slightly better picture look here http://www.wwwk.co.uk/culture/housing/index.htm

Thanks. Appreciate that.

HAMISH_MCTAVISH

ukcarper wrote: »

you really think it would be useful to go back to 1760

We can do better than that.

Last September, Southrop Manor in the Cotswolds was for sale at a guide price of £4.5 million. This property was once valued at £15 - that was in the Domesday Book in 1086. There is also a recorded sale for £15,000 - in 1926.

http://www.thisislondon.co.uk/news/article-533531-cost-of-country-living-soars.do

If anyone feels like calculating the percentage increase, feel free.

Mindboggling.

DaddyBear

Blacklight wrote: »

Returning to the bacteria analogy - the reason an exponential rise in dividing bacteria won't cover the Earth isn't lack of food, it's the fact that the Earth gets bigger at just the same rate. It's called equilibrium.

???????????
I'm not sure where to begin with that.
So as the population increases in this country the size of the UK land mass increases?????
Where's that confused smiley???

twadge_face

HAMISH_MCTAVISH wrote: »

If anyone feels like calculating the percentage increase, feel free.

Well... to do it properly you'd have to take into account what a pound actually meant in that period, so as to get a sense of the true context.

This is very much what I'm interested in understanding properly but the nominal values alone are meaningless.

I mean, what was the typical currency during the time of the Domesday book? Something along the lines of a Crinkly Bottom groat? (joke)

Edit: By "typical currency" I do not disregard the pound as being in use, but I strongly doubt it was the standard currency of exchange between workers on the field!

MiserlyMartin

This is a silly topic. This would never happen.

sKiTz-0

I'd just like to buy the one house please. Just one. For me. To live in. That's all.

Thank you.