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LuckyOne

House Prices Don't Always Go Up .......

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We seem to have been bombarded with stories about people "making" free money from rising house prices for at least a decade.

It is nice to see the counterargument appearing in the media albeit buried quite deeply in an article.

http://www.telegraph.co.uk/finance/personalfinance/fameandfortune/8611100/Sports-stars-worst-financial-mistakes.html?image=8

Tennis star Annabel Croft: We bought a second property in 1988, a three-bedroom semi-detached house in Fareham, Hampshire, for £70,000. I spent weeks doing the place up, but we bought at the top of the market just before it crashed. Two years later, we managed to sell it roughly at the same price, but when you take into account the sale fees and the money we spent on improvements, we definitely lost.

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We seem to have been bombarded with stories about people "making" free money from rising house prices for at least a decade.

It is nice to see the counterargument appearing in the media albeit buried quite deeply in an article.

http://www.telegraph.co.uk/finance/personalfinance/fameandfortune/8611100/Sports-stars-worst-financial-mistakes.html?image=8

...So their sold price was higher than their bought price, so it's still true - house prices always go up.

Whether you profit from it, however...

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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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