Biggest House Price Increases Seen ..

MrRee_2

...... in Pre War Houses!
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Report:- 2nd Dec 2011

UK property built before 1919 has seen the largest surge in prices over the past 25 years, according to a new report from Halifax.

The data reveals that properties built before the end of the First World War have risen by an average of 461 per cent - which is equivalent to £516 per month - from £33,619 in 1986 to £188,473 in 2011.
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£516 a MONTH Increase!!

Now, THAT - above ANYTHING else - shows that to rent is madness when profits like these are for the taking.

marlonthemagnificent

keep talking

no one is listening


:rotfl:

MrRee_2

£516 a MONTH in your pocket for just living somewhere ........ what's the alternative?

Paying £800 a MONTH to buy someone else's property for them is the alternative ...... remarkable in its stupidity.

marlonthemagnificent

you have no idea how to make money

if you'd put the same money in gold, you'd be 3 x better off

mug

MrRee_2

YOU are paying £1,100 a MONTH to live in someone else's house ....... and you say I have no idea??

Continue buying someone else's house for them, that's a good boy

MrRee_2

I don't think I could pay a Fifth of my take home pay buying someone else's place for them ... it would drive me bonkers!!

marlonthemagnificent

1100pcm to live in a house that would costs 2000pcm with say a 20% deposit

that leaves 900pcm to invest....which i do (and then a lot more on top)....and which has returned profit at a rate many times higher than house price inflation

house prices down 3.2% in the last year
my investments up over 20% i the last year (and up 90% over the last 3 years)

when you understand investments, perhaps we can talk sensibly

until then, pipe down, thicko

marlonthemagnificent

a fifth..?

is that all you earn!!

no wonder you need to supplement your income with dirty little BTL's

:rotfl:

MrRee_2

marlonthemagnificent wrote: »

1100pcm to live in a house that would costs 2000pcm with say a 20% deposit

OH, I see now ....... that's the difference between us you see?

I would be buying cash - no need to pay anything ...... just rent it out to some mug, LIKE YOU! :j

Everyone's a winner - well, not you - but I don't care

Mallotum_X

Whats the price rise been on your bedsit MrRee? Bet you wished you had bought it now eh?

marlonthemagnificent

MrRee wrote: »

OH, I see now ....... that's the difference between us you see?

I would be buying cash - no need to pay anything ...... just rent it out to some mug, LIKE YOU! :j

Everyone's a winner - well, not you - but I don't care

that was just an example......to demonstrate the massive opportunity cost of buying vs renting

and sorry to !!!! on your BTL fire, but i sold up in 2007...(at the right time) having bought my first place in 1994.
i had 280,000 in equity
i put the lot into gold and silver...
it was a massive, but calculated gamble and it paid off
- gold has tripled in value
- silver has almost quadrupled (at one point is was up over 500%)

how about your BTL investments...how are they looking over the same period?
down about 20-30% i'd guess

you mug