How Much Does Your Home Make Each Month ?

shortchanged_2

gazter wrote: »

Of course it is real. It is a tangible asset that can be disposed of like anything else.

If he sold now, and got £50,000 more than he got for it 6 months ago, he has made £50,000.
The only real time it is neutral is if he intends to buy another property of similar value or higher in the same marketplace.

But that is the point. Unless he sells today it hasn't made him any money.

The market could fall by 20% tomorrow, who knows?

gazter

shortchanged wrote: »

But that is the point. Unless he sells today it hasn't made him any money.

The market could fall by 20% tomorrow, who knows?

As a previous poster pointed out, you could make that claim about any non cash asset.

shortchanged_2

gazter wrote: »

As a previous poster pointed out, you could make that claim about any non cash asset.

Exactly.

So what is the point in making a post saying my asset is making me this much every month when until the said asset is actually sold it is NOT actually making him any money until it is sold and he has the cash in the bank.

As I said previously house prices could fall 20% tomorrow and it might be at this time that he has to sell.

IronWolf

gazter wrote: »

As a previous poster pointed out, you could make that claim about any non cash asset.

Except the difference is, with investments you can sell them and realise a profit. but the OP is talking about their home, which they wont sell unless they move house, at which point it doesnt matter if their house is worth more because they have to buy another house that's worth more.

Basic homeowners dont gain anything from HPI except maybe a lower interest rate sooner. The winners are landlords, banks, builders and estate agents.

nickj_2

perhaps the question should be , how much are people prepared to pay for your house ,because to me , it's a roof over my family's head and nowt else

michaels

I think my BTL in Herts would probably have sold for 50k more 3 months ago than it would today so does that mean I have lost 17k/month? It is also probably up a similar amount on a year ago so perhaps I have actually made 4k/month?

BillJones

thequant wrote: »

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 ?

That's as stupid as valuing your own stock holdings by looking at the FTSE all-share index. I do hope that you don't work in any business that requires financial knowledge...

Anyway, were I foolish enough to do the same, I'd be making about four times what you are. In truth, however, I'd never value a warehouse apartment next to a crossrail station, highly dependent on the business population of one development, against any index wider than "flats in my building".

mayonnaise

maddermanblue1 wrote: »

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

As with any asset.
The value of your shares is meaningless until sold
The value of your gold is meaningless until sold
The value of your bitcoins is meaningless until sold (shouldn't have said that because dryhat will be along now)

Anyway, to answer the question, about 6 to7K per month.

cells

Take away fees and costs and stamp taxes too and if it is a BTL capital gains tax.

Also you need to make some sort of allowance for your time and effort and it should be at a higher rate than your day job as you are giving up scares free time

IveSeenTheLight

ruggedtoast wrote: »

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

When will it end?

When there is a sufficient supply of property.