How much is your house worth now?

PoorDave

F_T_Buyer wrote:

You can, you can... http://www.propertyforecasts.co.uk/

Kirsty Allsops and Phil Spencers programs were based on this data. Do you know how they forecast the future? They just extrapolate the rises over the last 10 years, and smooth out the line...

Great, by 2050 a house will costs £11.4million with the average salary £288thousand, a mere 39x income.

Why stop there?

By 2200, only 194 years from now, the average house will be £4.7trillion with the average salary just over £103million, a mere 45,000x earning multiple.


Funny how channel4 get away with ludicrous projections... Just how a new born baby has grown several inches per year in their first few years.. by they're 25 they will be 11feet tall... wow...

I agree. This is a very funny post!

At least the 11footer would give Kirsty and Phil a good kicking

Cara79

F_T_Buyer wrote:

You can, you can... http://www.propertyforecasts.co.uk/

Kirsty Allsops and Phil Spencers programs were based on this data. Do you know how they forecast the future? They just extrapolate the rises over the last 10 years, and smooth out the line...

Great, by 2050 a house will costs £11.4million with the average salary £288thousand, a mere 39x income.

Why stop there?

By 2200, only 194 years from now, the average house will be £4.7trillion with the average salary just over £103million, a mere 45,000x earning multiple.


Funny how channel4 get away with ludicrous projections... Just how a new born baby has grown several inches per year in their first few years.. by they're 25 they will be 11feet tall... wow...

That is absolutely hilarious!

humfer

Bought mine for £120,000 5 years ago and its stating it should now be worth about £230,000. Next door went up for sale at £239,000 so its not that far out. However having said that next door is still up for sale and not at £199,000 so not best pleased as no doubt will make ours harder to sell when we get round to it...:eek:

Useful tool though

strawberrylane

I cannot believe that an organisation such as the Nationwide would allow such a useless, flawed, simplistic and potentially misleading 'tool' to be published in this manner. I'm astounded.

tomstickland

I'd hope that my flat was now worth the added value of: cleaning and painting it and finding that I legally owned a garage.

ManAtHome

Is there somewhere you can enter the ages of your kids (or when you may be planning to have some) and it gives you an estimated age when they may be able to afford to leave home?

F_T_Buyer

ManAtHome wrote:

Is there somewhere you can enter the ages of your kids (or when you may be planning to have some) and it gives you an estimated age when they may be able to afford to leave home?

I don't believe there is, but currently the average age of a FTB is 34. I would check out the info from the CML and NAEA. To predict future age of kids when they could move out would be to predict house prices and the economy.

Rikki

This is equivalent to a change of 215.9%.

If only. The houses near me are selling at £50,000 below their estimate.

roswell

Thanks FT i think ill hold onto mine till 2200 then :-)

Note this is a tongue in cheek comment as was the last post :-)

roswell

Opps add to that my house is apparently currently worth 32000 yes 32 K whoo hooo. best sell up and cash in the equity and buy a new fiesta ......