How Much Does Your Home Make Each Month ?

thequant

House prices in London are now rising at 25.8%


http://www.telegraph.co.uk/finance/personalfinance/houseprices/10939967/London-house-prices-rising-at-fastest-pace-in-27-years.html


Being an average house owner in London with a value of £425k, my property is making me just over £9k a month.


Just wondering how much else are others on here making ?

maddermanblue1_2

thequant wrote: »

House prices in London are now rising at 25.8%


http://www.telegraph.co.uk/finance/personalfinance/houseprices/10939967/London-house-prices-rising-at-fastest-pace-in-27-years.html


Being an average house owner in London with a value of £425k, my property is making me just over £9k a month.


Just wondering how much else are others on here making ?

What a pointless post.
The value of your home is meaningless until sold. So you are not actually 'making' any money. Also the value cannot rise indefinitely and it can fall too - into negative equity.

Blacklight

maddermanblue1 wrote: »

What a pointless post.
The value of your home is meaningless until sold. So you are not actually 'making' any money.

That's like saying the money you earn isn't worth anything until you spend it.

Your bank statement might say you're a trillionaire, but if you hold on to it long enough it'll only buy you a packet of smarties.

ruggedtoast

Posts like this are dreadful for hard pressed renter first time buyers to read.

When will it end?

maddermanblue1_2

Blacklight wrote: »

That's like saying the money you earn isn't worth anything until you spend it.

Your bank statement might say you're a trillionaire, but if you hold on to it long enough it'll only buy you a packet of smarties.

No, thats not what I mean at all, you have completely missed my point. Nevermind.

That money is not in your account, its locked away inside the property, so it is not earning money until its sold, then you got to think about selling fees etc etc...

chucknorris

maddermanblue1 wrote: »

No, thats not what I mean at all, you have completely missed my point. Nevermind.

That money is not in your account, its locked away inside the property, so it is not earning money until its sold, then you got to think about selling fees etc etc...

The best place for money is to be invested, I have moved most of my money (that was in cash) out of cash now, holding cash isn't a particularly profitable thing to do, especially now with such low interest rates. My last fixed rate savings bond paying over 5% matures this Oct, that will probably be going into a ftse tracker shortly after maturity.

PasturesNew

Having just bought a house this month .... I can now "play this game". So I looked and saw the rate ... and did the sums ..... looks like £1700/month.

That's more than I can earn in a job!

But, as has been said, I can't spend it. But, owning a house means I won't get a S21 in the letterbox, nor a rent increase.... and I can change small things if I wish, without fear. No inspections either

That's all the priceless stuff.

ging84

my home doesn't make any
it's a house, i live in it, it doesn't go out to work, and i don't rent it out or share it with a lodger

occasionally i might have a visitor who could have dropped some change down the back of the sofa, but i'd say that's the sofa making money, not the house

chucknorris

ging84 wrote: »

my home doesn't make any
it's a house, i live in it, it doesn't go out to work, and i don't rent it out or share it with a lodger

It does however save you the opportunity cost of rent (presumably less than your mortgage + maint, if not now, then almost certainly at some point in the future).

Ronaldo_Mconaldo

maddermanblue1 wrote: »

What a pointless post.
The value of your home is meaningless until sold. So you are not actually 'making' any money. Also the value cannot rise indefinitely and it can fall too - into negative equity.

That's like saying that someone like Bill Gates, who owns shares in Microsoft, his wealth hasn't increased despite the fact that the shares he owns have increasd in value, because he hasn't sold his shares and spent the money. If you own an asset and that asset rises in value then your wealth has increased. Hard luck if you don't want to believe it.

ruggedtoast wrote: »

Posts like this are dreadful for hard pressed renter first time buyers to read.

When will it end?

When they buy a house and reach the promised land, but not all will make it, many will be left paying the pension of a buy to let landlord. It's the circle of life.

ging84

last time i checked, you don't need shares, you do need a home