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Guest The Relaxation Suite

We're On The Wrong Side Of History

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Guest The Relaxation Suite

A friend of mine currently lives in a $4 million house in Los Angeles. This house belongs to his wife's family, who bought it in 1971 for $89,000. In today's money, this is $467,000. In other words, this house is now ten times more in real terms than it was in the early 1970s, when the boomers were starting to buy houses and have children.

Should we just face up to the fact that we are on the wrong side of history, and that this massive generational thing driving house prices is too big for us to fight and that we will never be able to afford decent homes to start our families in?

Ten times more in real terms. Ten times harder. Is it worth it?

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Ten times more in real terms. Ten times harder. Is it worth it?

Shouldn't you say: Ten times more credit ?

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Should we just face up to the fact that we are on the wrong side of history, and that this massive generational thing driving house prices is too big for us to fight and that we will never be able to afford decent homes to start our families in?

No. You can borrow ten times more than you should and by a sh1tty new build shoe box if you want then work untill the day you die trying to pay for it. Yeah go for it. If prices don't come to level I want to pay I just won't buy... ever. Easy.

Edited by Pent Up FTBer

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A friend of mine currently lives in a $4 million house in Los Angeles. This house belongs to his wife's family, who bought it in 1971 for $89,000. In today's money, this is $467,000. In other words, this house is now ten times more in real terms than it was in the early 1970s, when the boomers were starting to buy houses and have children.

Should we just face up to the fact that we are on the wrong side of history, and that this massive generational thing driving house prices is too big for us to fight and that we will never be able to afford decent homes to start our families in?

Ten times more in real terms. Ten times harder. Is it worth it?

A family member bought a house in the SE for £1.1 million (at the "bottom" last year), it last sold in 1982 for £81K. No structural work was done in that time and it is a renovation project.

The inflation calculator states that it should be worth just over £200k. The authorities deliberately understate official inflation so I would at least double that figure but that makes the house at least 50% overvalued at the moment.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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