Jump to content
House Price Crash Forum
Sign in to follow this  
Corruption

Thinktank Predicts House Prices Of 800K In 25 Years

Recommended Posts

http://www.telegraph.co.uk/news/politics/11077760/Average-home-to-cost-780000-by-2040-says-Policy-Exchange.html

Gidiot will be disappointed he was hoping for this figure before May 2015.

And as wages have about doubled in the last 25 years its probably not too far off.

60K per annum and 12 times salary, totally viable in a balanced thriving economy, unless of course we've had the next 25 years of property price inflation between 1998 and 2007.

Edited by Corruption

Share this post


Link to post
Share on other sites

4.75% nominal price growth for 25 years straight, must be correct since it's been calculated using a 'complex' formula.

Assuming the predicted growth rate is constant, the nominal change in house prices in year 25 is about £36k, roughly the same as the average household income today.

Share this post


Link to post
Share on other sites

http://www.telegraph.co.uk/news/politics/11077760/Average-home-to-cost-780000-by-2040-says-Policy-Exchange.html

Gidiot will be disappointed he was hoping for this figure before May 2015.

And as wages have about doubled in the last 25 years its probably not too far off.

60K per annum and 12 times salary, totally viable in a balanced thriving economy, unless of course we've had the next 25 years of property price inflation between 1998 and 2007.

Since interest rates can't get any lower, those price rise estimates will have to come from wage inflation alone.

Have they factored that in?

Share this post


Link to post
Share on other sites

Hmm, our demographics are pretty bad going forward from now.

Importing a load of kiddy-fiddling pakistane hill-billies and legless Romanian beggars on skateboards is not going to patch the holes in the UK spending.

Might the same thinktank like to predict what the budget deificit will be in 10 years time - 200%, going by their 'sophisticated' modelling.

Share this post


Link to post
Share on other sites
Policy Exchange worked out the figure using a complex Government formula taking into account house price inflation and housing forecasts.

It can now be revealed that the "complex government formula" is called the Wheelbarrow Formula.

Share this post


Link to post
Share on other sites

Tories are right, we need to abolish stamp duty to make houses affordable again :wacko:

Nah. We need to abolish the Tories to make houses affordable again.

Share this post


Link to post
Share on other sites

Policy Exchange produced the figure to support its claims that more new homes should be built in garden cities across the country.

..

The prize was won by Urbed, a design consultancy, which suggested as many as 40 new garden cities should be built across England over the next three decades.

Yes but where? - and when does it all start? because it didn't start this year did it.

Edited by billybong

Share this post


Link to post
Share on other sites

Since interest rates can't get any lower, those price rise estimates will have to come from wage inflation alone.

Have they factored that in?

theyll print until it happens, isn't that the plan

Share this post


Link to post
Share on other sites

Since interest rates can't get any lower, those price rise estimates will have to come from wage inflation alone.

Have they factored that in?

nah, they just used a ruler based on the last year of stats.

Share this post


Link to post
Share on other sites

Yes but where? - and when does it all start? because it didn't start this year did it.

Quite.

They should have been building these new cities at a rate of roughly 6 per parliament. How many this parliament? Big fat zero.

Whichever VI clown Tories are pretending is the current housing minister has said govt. policy is to ignore these proposals anyway.

How many Garden Cities did Shapps build?

How many did Boles build?

Who is the current dipsh1t minister?

Share this post


Link to post
Share on other sites

Great; here posting on the same thread.

The guy who will make up victim excuses for whatever daft high price a person pays, going back to year 2004, and now doing the same for people who've just seen a doubling in value in a few years. And the guy who believes it's going to be 15 more years HPI LARGE on current 'reasonable fair-value house prices', suspected of being an upper end retired homeowner, who has already have 30 years of hyper hpi longwave.

India and Pakistan, Peru, Chile.. and loads of other places haven't built enough homes. Wealth creation via capitalism is not just about building new homes, and ever larger mortgages.

Edited by Venger

Share this post


Link to post
Share on other sites

So many complacent VI lapping this story up.

They, they HPC apologists for the massive outbidders, and the VI "Give Them Wage Inflation" crowd.... hold on, you may have some real shocks coming to your locked in HPI.

Average UK house price to hit £780,000 by 2040, says leading think tank

Kilo Charlie, My World, 9 hours ago
We purchased a property in 1983 for £72,000.........today it's worth £650,000 plus. It's certainly possible and quite likely.

Sam, Bucks, 3 hours ago
Bought house in ,74 for 16k added extendion about £8k now valued at £480k you do the maths?

Share this post


Link to post
Share on other sites

And what for rents? Still amazing drawing a diagonal line on a graph is considered analysis.

I'll check the figures against my £1.38bn prediction in 100 years as a quality assurance test.

I know and people call me dumb when I point this out?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   224 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.