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LJAR

Vested Interests Dontcha Love Em?

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So, taking the plunge and starting to look at property with a view to buying (if the price is right of course)

we need a bigger place (to start a family) and the mortgage would actually be less than rent on the houses we are looking at.

Anyway - long story short - I was talking to the mortgage broker and just mentioned that I am from Canada so london house prices are mad to me.

so he says:

"we don't have much land"

"its an investment"

"prices double every ten years"

"I bought in '96 - mine has tripled"

:lol::rolleyes:

gotta love it.

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So, taking the plunge and starting to look at property with a view to buying (if the price is right of course)

we need a bigger place (to start a family) and the mortgage would actually be less than rent on the houses we are looking at.

Anyway - long story short - I was talking to the mortgage broker and just mentioned that I am from Canada so london house prices are mad to me.

so he says:

"we don't have much land"

"its an investment"

"prices double every ten years"

"I bought in '96 - mine has tripled"

:lol::rolleyes:

gotta love it.

I'd love to know what you said in reply..

"Prices double every 10 years" is ripe for a 'Oh really? So in 100 years from now the average house price will be £160 Million pounds?'

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I'd love to know what you said in reply..

"Prices double every 10 years" is ripe for a 'Oh really? So in 100 years from now the average house price will be £160 Million pounds?'

unfortuntely I am dreadfully polite - so I just rolled my eyes.

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I'd love to know what you said in reply..

"Prices double every 10 years" is ripe for a 'Oh really? So in 100 years from now the average house price will be £160 Million pounds?'

I Don't see the £160k house worth £160 m in 100 years , however 50 years ago my parents bought a house for just under £4k if it had doubled every 10 years it would be worth £128 k now. Current value about £320 - £330k

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I Don't see the £160k house worth £160 m in 100 years , however 50 years ago my parents bought a house for just under £4k if it had doubled every 10 years it would be worth £128 k now. Current value about £320 - £330k

My parents bought the family home in 1972 for 2500 quid. They go for 400K now and that is not London either. I would love to know what my father was earning then.

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My parents bought the family home in 1972 for 2500 quid. They go for 400K now and that is not London either. I would love to know what my father was earning then.

When my Dad bought he was earning £80 a month take home and the mortgage was £20 p.m. they put down a £1000 that had taken them 6 years to save and included weddding present money. They had two kids and I popped out a few years later and one more followed , my Mum did not work and My Dad was an insurance clerk.

Remember a conversation my Dad had when I was a kid and he was gobsmacked that a cousin was getting married and paying £90 a month mortgage.

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  • 284 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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