How Much Did Your House Earn In 2015 ?

thequant

It's that time of year, sit back and work out how much our houses have made during the past year.

PasturesNew

According to Zoopla, £21,588.

Broken_Biscuits

My house value increased by more than my salary in 2015.

UrbanDanceSquad

When I inherited my place, it was valued at 138k during early 2013. Next door sold for 250k last month. They had no garden plot (they sold it 10 years ago) and no garage in the en-bloc (they sold that 10 years ago).

It's a s**t 2 bedroom flat in SE London with garden and garage. The 'market' is crazy around here.

EDIT: 10 years ago, all 4 residents (including my relative) clubbed together to buy the leasehold. The leasehold still exists but is extended to the year 2999. The gaff looks like 2 semis from the outside but is actually 4 flats (maisonettes).

AlexMac

Broken_Biscuits wrote: »

My house value increased by more than my salary in 2015.

That's nothing; because I got on the ladder 40 years ago, when houses cost less than a second hand car does today, my house value increased by about four times my pension (both as a cash lump sum and as a relative % uplift; 13% according to Zoopla).

Which of course is meaningless to me, unless I sell; which I might... at which point, it becomes one of the most illogical and unhelpful way of redistributing wealth I can imagine.

Why give a big tax-free bunce to old f4rts like me, when earners and savers are lucky to get 2% and our kids & grandkids sometimes struggle to get a decent, secure, well-paid job?

HappyMJ

My house is rented out at the moment at £600 per month and according to Zoopla has made £7,000 capital gain....so in total I make that £14,000 in one year. Is that right?

UrbanDanceSquad

AlexMac wrote: »

That's nothing; because I got on the ladder 40 years ago, when houses cost less than a second hand car does today, my house value increased by about four times my pension (both as a cash lump sum and as a relative % uplift; 13% according to Zoopla).

Which of course is meaningless to me, unless I sell; which I might... at which point, it becomes one of the most illogical and unhelpful way of redistributing wealth I can imagine.

Why give a big tax-free bunce to old f4rts like me, when earners and savers are lucky to get 2% and our kids & grandkids sometimes struggle to get a decent, secure, well-paid job?

Your entire post is exactly what my dad says to me every time the subject of house prices comes up. Brought a smile to my face

To address the part I highlighted, that's because you and others like you are still powerful voting bloc who .gov.uk want to keep happy.

UrbanDanceSquad

HappyMJ wrote: »

My house is rented out at the moment at £600 per month and according to Zoopla has made £7,000 capital gain....so in total I make that £14,000 in one year. Is that right?

On paper, yes. Any of your neighbours sold up recently?

AlexMac

UrbanDanceSquad wrote: »

Your entire post is exactly what my dad says to me every time the subject of house prices comes up. Brought a smile to my face

To address the part I highlighted, that's because you and others like you are still powerful voting bloc which .gov.uk want to keep happy.

Oh- better not tell Davidov Kameron that it didn't work in my case then, Comrades!

Broken_Biscuits

AlexMac wrote: »

That's nothing

I was a first time buyer 2 years ago in january. In my 2nd year of owning my home it has increased in value by more than my salary.

I'm struggling to see that as nothing. It's a ridiculously huge amount of "money". I can't see anywhere else I could have put my deposit as an investment that would have returned anywhere near while at the same time providing a permanent family home.

UrbanDanceSquad

Broken_Biscuits wrote: »

I was a first time buyer 2 years ago in january. In my 2nd year of owning my home it has increased in value by more than my salary.

I'm struggling to see that as nothing. It's a ridiculously huge amount of "money". I can't see anywhere else I could have put my deposit as an investment that would have returned anywhere near while at the same time providing a permanent family home.

Until you come to sell, your increase in value is worth nothing more than the paper/web-page it's written on.