BTL vs Bigger House?

geoffky

stphnstevey wrote: »

You must be the deluded one if you don't understand that over the past 50 years there has been several depressions, hence why you look at the figures over as long a time as possible - here 50yrs - look at the figures, even with depressions there are booms which counteract the depressed times and over a long period smooth out the peaks and troughs to show an average HP increase of well over 10% I choose

So according to your numbers..we should have had a 50% rise in prices since 2007, They have fallen 20% so are you expecting them to rise 120% in the next five years to get to your ten year average.....your mad..
ps..We have not had any depressions in the last 50 years.. These are not normal times..

How many credit booms have we had in the last 50 years....The last boom in prices from 2000 to 2007 was a once in a lifetime credit boom..It nearly cost us the banking system and will not be repeated in a hurry..

Fire_Fox

stphnstevey wrote: »

Nationwide statistics

Average house prices increase per 10yr period from 1960 to 2010, with 10yr % change and average % change per year:

Amount 10yr % Yr %
1960-1970 £2,189 100% 10%
1970-1980 £18,2994 18% 42%
1980-1990 £36,910 163% 16%
1990-2000 £18,111 30% 3%
2000-2010 £85,189 110% 11%
Average 10yr 164% 16%

So what would have happened if you'd bought in 1990 and sold in 2000? 3% a year average, how does that compare to having your money sat in an interest bearing savings account? Once you take costs and inflation into consideration the losses are eye watering unless you have a healthy rental income. What if you bought in 1990 and sold in 2010? Less than your 10% again.

Look at the mean, median, mode, highest and lowest per year and per decade, the average over fifty years is only relevant if you held onto to the property for .... fifty years. Plenty of homeowners within that time frame made hefty losses - even experiencing developers and landlords - plenty more made a killing.

YoungBusinessman

OP i dont agree to nearly all of what you have posted in this thread. I also think this is a bragging thread and that you are not taking in what advice/opinions are being given to you.