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How House Prices Have Risen 43-Fold Since 1971


JimDiGritz
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What's the significance of 1971? A year when house prices hit bottom?

It was in 1973 my parents moved to a house where the roof kept the rain out. They sold the old house to someone much richer, and I daresay the new roof wasn't the only improvement he made. I wonder how much value he added to that house? Probably 100% within a couple of years. And I expect it's had lots of other improvements since then: can it for 40 years have escaped double glazing, plumbing and rewiring to modern standards, or a nice gas boiler supplying heat and hot water, as well as decorative restoration?

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They will take Parmisan cheese.

No wonder it's so expensive.

So precious is the cheese that each wheel, weighing 80 pounds, or 36 kilograms, and worth about €300, is branded with a serial number so it can be traced if it is stolen.

The branding seems a bit of a waste of money as the cheese can't be that difficult to sell in small pieces - but it'll keep someone in work.

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Housing charity Shelter has looked at how much we'd have to pay for food today if prices matched house price inflation over the past 40 years.

Using Office for National Statistics data, which shows house prices rose by over 43 times between 1971 and 2011,

http://www.lovemoney.com/blogs/property-and-mortgages/house-prices/19646/what-would-happen-food-cost-inflation-same-as-house-prices?source=1000550

Enjoy your weekends

Bosh

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Housing charity Shelter has looked at how much we'd have to pay for food today if prices matched house price inflation over the past 40 years.

Using Office for National Statistics data, which shows house prices rose by over 43 times between 1971 and 2011,

http://www.lovemoney.com/blogs/property-and-mortgages/house-prices/19646/what-would-happen-food-cost-inflation-same-as-house-prices?source=1000550

Enjoy your weekends

Bosh

This is a nice distraction. "how rich we are!"

Why do they never do the calculation the other way round and itemise how different example houses would cost today if they had inflated in line with food?

Why are people not disgusted at the long term debasement of our national currency?

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http://timetric.com/index/uk_price_bread_white_loaf_sliced_800g/

A chart of the price of bread since about 1971 (about x13).

Almost exponential (especially since 1997 when the BoE took over "control" of inflation - fat lot of good that turned out to be) until 2008 but then it dipped but recently they've managed to get the price to start to take off again woohoo.

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