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Debate House Prices
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Good news for anyone buying ...
Comments
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So why do you need a 3rd house?
Surely all this nonsense about wanting houses to fall for all these imaginary moral reasons couldn't have been a load of lies because secretly you just wanted to buy another one?
Why would you buy the third one of something that is "gauerenteed" to fall in price?
Something smells like utter BS round here.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
http://www.wwwk.co.uk/culture/housing/index.htm
1950 = £1.9K
1975 = £11.7K
over 500% increase in 25 years. That is bigger than the last 25 is it not?
Yes the last 25 years are not an indicator of the future, but there are no indications in modern history that have shown house prices to be depriciating assets.
Inflation has seen to that.
All assets except land depreciate, that is an accounting truism.
You can invest money and/or time into a depreciating asset and make it worth more. The asset still depreciates however.0 -
All assets except land depreciate, that is an accounting truism.
You can invest money and/or time into a depreciating asset and make it worth more. The asset still depreciates however.
Sorry I disagree there gen, you can have appreciating assets and property, buildings and land can be classed as one of those.
It is not only land.
(PS I am a qualified accountant, you do Appreciation & Depreciation and what kind off assets that covers in year 2, there are not many but I can assure you property is in there)0 -
Sorry I disagree there gen, you can have appreciating assets and property, buildings and land can be classed as one of those.
It is not only land.
It was one of those things that when it was explained to me, I thought 'Ah-ha! I get it!'.
I think it relies on particular definitions of 'asset' and 'depreciate'. I'm no accountant though, banking is bad enough.0 -
It was one of those things that when it was explained to me, I thought 'Ah-ha! I get it!'.
I think it relies on particular definitions of 'asset' and 'depreciate'. I'm no accountant though, banking is bad enough.
Appreciation & Depreciation have an aim to provide fair market value at the end of it life.
That then should be there or there abouts on disposal of the asset.
If you depreciated a property and it actually rose in value on disposal you will end up showing a massive profit in the year of disposal.
That is why it is not uncommon to have property valued every so often to check your rate of appreciation are correct and to make the adjustment in the balance sheet.
All assets should really show a fair market value, depreciating an appreciating asset would not do that.0 -
I have just received an offer of full asking price for my house after accepting an offer of 10% less.
I'm wondering whether to gazump the first buyer."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
3 times salary is what property should be priced at.why is that?
as you claim you're not a debt junkie and not caring about house prices; why don't you set an example and sell it for 3 times local salary and see if it catches on and people take notice and lower their own prices too...0 -
3 times salary is what property should be priced at.
as you claim you're not a debt junkie and not caring about house prices; why don't you set an example and sell it for 3 times local salary and see if it catches on and people take notice and lower their own prices too...
How do you know I haven't?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0
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