Average home £1million by 2024

meanmachine_2

richgirl wrote:

No change in 10 years would mean a 50% loss in purchasing power, are you sure your wages have not gone up in 10 years

Sadly true. Why do you think I'm so mean?

lynzpower

MM I cant wait for my salary to hit 51k

when that happens Im gonna buy loads of flats and rent them all out :rolleyes:

Alan_M_2

This sort of extrapolation is compiled by the same sort of journalist that has a plumber in to fix his heating, gets a bill for £60 and works out that the plumber is earning £60 a hour 35 days a week 50 weeks a year and therefore every plumber earns £105,000 per year as a result.

It's a nonsence piece of journalism on what must be a slow news day.

jamminjamaica

Alan_M wrote:

This sort of extrapolation is compiled by the same sort of journalist that has a plumber in to fix his heating, gets a bill for £60 and works out that the plumber is earning £60 a hour 35 days a week 50 weeks a year and therefore every plumber earns £105,000 per year as a result.

It's a nonsence piece of journalism on what must be a slow news day.

my thoughts exactly

F_T_Buyer

Like I said before, a friends kid has grown half every year for the past 4. By the time he's 25, he'll be nearly 13ft tall!

talksalot81

I think the major problem is that the vast majority of people simply so not appreciate the difference between a short and long term trend. In the long term, prices will continue to rise. I have little doubt of this. But that does not exclude that prices could drop 20% in the next 6 months. Compared to 5 years ago, the growing long term trend would still be intact.

A_Fool_&_His_Borrowed_Mon

The thought of Million pound starter homes by 2024 is up there with Snow White & the seven Dwarfes & other fantasy Fairy-tales.

As a Picture can speak a thousand words, look at this graph to explain what it means!
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V


Pure Comedy!:rotfl:

real1314

Alan_M wrote:

This sort of extrapolation is compiled by the same sort of journalist that has a plumber in to fix his heating, gets a bill for £60 and works out that the plumber is earning £60 a hour 35 days a week 50 weeks a year and therefore every plumber earns £105,000 per year as a result.

It's a nonsence piece of journalism on what must be a slow news day.

That's a very busy plumber! 1750 days a year!!!

ManAtHome

AF&HBM - please answer the following question carefully.

Do you have a DeLorian..?


ps Real314 - (s)he works 1750 hours a year...

A_Fool_&_His_Borrowed_Mon

ManAtHome wrote:

AF&HBM - please answer the following question carefully.

Do you have a DeLorian..?

I'll answer with this: Were's the money going to come from?, everyone's going to be a millionaire by 2024?, dont make me laugh!:rotfl:

BTW, it appears the writers of the article are assuming House price inflation of the last 10 years is going to continue at the same rate until 2024, It's rather Akin to a Perpetual Motion machine imo.