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House Price Crash Forum

We're Getting Poorer

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We're 5 times richer than we were in 1960!

Except we're not. We sold off council property to the poor so we're "richer" as a whole nation.

Strip that out and it's 3 times richer.

And much of the rise in household wealth is due to propoerty price increases.

And it doesn't take inflation into account, so it's more like we're 40%-70% poorer if you allow for that.

Happy days.

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