How Much Does Your Home Make Each Month ?

cells

Also it isn't a gain in the sense of adding value which is why house prices or their change in value isn't in GDP as it can't be spent on net

Its just a transfer of wealth from buyer to seller so it does nothing to enrich the nation as a whole

ging84

mayonnaise wrote: »

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.

Unless you need your shares, your gold and your bitcoin the value they gain has meaning, as you could sell them tomorrow, and not replace them.

The house on the other hand you need, and will continue to need until you get shipped off to the old people's home. You may not need the same house, but you need a house, very few people are ever in the situation where they can down trade to a house of significantly lower value without it also being a significant sacrifice.
And selling up to instead rent may give you a short term gain, but costs you money in the long term, so unless you don't plan to live very long, or are banking on a house price crash before you buy again, then it isn't an option

mayonnaise

ging84 wrote: »

Unless you need your shares, your gold and your bitcoin the value they gain has meaning, as you could sell them tomorrow, and not replace them.

The house on the other hand you need, and will continue to need until you get shipped off to the old people's home. You may not need the same house, but you need a house, very few people are ever in the situation where they can down trade to a house of significantly lower value without it also being a significant sacrifice.
And selling up to instead rent may give you a short term gain, but costs you money in the long term, so unless you don't plan to live very long, or are banking on a house price crash before you buy again, then it isn't an option

I'm up for early retirement shortly.
That retirement will be spent with Ms mayo near the Italian-Slovenian border, where we have a house, fully paid.
Not planning to downsize, sell-to-rent or going to an old peoples' home anytime soon.:)

As I said, 6-7K up each month. Happy days. :beer:

shortchanged_2

mayonnaise wrote: »

I'm up for early retirement shortly.
That retirement will be spend with Ms mayo near the Italian-Slovenian border, where we have a house, fully paid.
Not planning to downsize, sell-to-rent or going to an old peoples' home anytime soon.:)

As I said, 6-7K up each month. Happy days. :beer:

What are you going to treat yourself with mayo with that extra 6-7k each month? Or are you going to reinvest it?.............oh no you can't because at the moment it is just an imaginary figure on a piece of paper.

mayonnaise

shortchanged wrote: »

What are you going to treat yourself with mayo with that extra 6-7k each month? Or are you going to reinvest it?.............oh no you can't because at the moment it is just an imaginary figure on a piece of paper.

That 6-7K extra per month will be real enough when we sell up in 2 or 3 years.

Happy days. :beer:

shortchanged_2

mayonnaise wrote: »

That 6-7K extra per month will be real enough when we sell up in 2 or 3 years.

Happy days. :beer:

That's if prices continue to rise as they are mayo, in which case fat chance.

N1AK

Ronaldo_Mconaldo wrote: »

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.

No, it's not, for pretty obvious reasons that a worrying number of people seem to unable to grasp.

If the value of a property you live in increases then, unless it is your intention to downsize, then you can't use that increase because you need the asset.

If you own shares, or an investment property, then the increase in value is real because those are assets that you can liquidise without losing the roof over your head.

If someone told you that your eyes were worth £5,000,000 now instead of £5 would you consider yourself richer because you 'could' sell them, even though you won't?

mayonnaise

shortchanged wrote: »

That's if prices continue to rise as they are mayo, in which case fat chance.

Fat chance they won't keep rising with the current shortage.
Admitted, maybe not as much as over the last year, but every little helps.

Happy days :beer:

wotsthat

N1AK wrote: »

If the value of a property you live in increases then, unless it is your intention to downsize, then you can't use that increase because you need the asset.

If you own shares, or an investment property, then the increase in value is real because those are assets that you can liquidise without losing the roof over your head.

If someone told you that your eyes were worth £5,000,000 now instead of £5 would you consider yourself richer because you 'could' sell them, even though you won't?

Just different degrees of liquidity and anyway relative wealth is as important as absolute wealth. If everyone had £5m of eyeball wealth that was completely illiquid then there's no relative advantage so can be discounted.

Someone in a 4 bed in London is wealthier than someone in a 4 bed in Rotherham. They have more options - that's what wealth gives - choices.

I feel sorry for people who find themselves on the end of a £1m inheritance and spend their time asserting they're no better off because of HPI. Maybe they should compare themselves to the people on the end of a £30k inheritance in Rotherham or those whose parents didn't have any wealth whatsoever.

gazter

mayonnaise wrote: »

I'm up for early retirement shortly.
That retirement will be spend with Ms mayo near the Italian-Slovenian border, where we have a house, fully paid.
Not planning to downsize, sell-to-rent or going to an old peoples' home anytime soon.:)

As I said, 6-7K up each month. Happy days. :beer:

This is an important point. There are many areas in the world in which it is possible to live the life of a king by selling up and moving there.