OzzMosiz Posted February 18, 2016 Share Posted February 18, 2016 http://news.sky.com/story/1643680/one-in-20-uk-homes-worth-1m-by-2030 Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 18, 2016 Share Posted February 18, 2016 That's compound growth. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted February 18, 2016 Share Posted February 18, 2016 That's awful channel. Quote Link to comment Share on other sites More sharing options...
BLOW FLY Posted February 18, 2016 Share Posted February 18, 2016 Did it mention who would be able to buy all these £1m + houses? Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 18, 2016 Share Posted February 18, 2016 http://news.sky.com/story/1643680/one-in-20-uk-homes-worth-1m-by-2030You should buy another Quote Link to comment Share on other sites More sharing options...
winkie Posted February 18, 2016 Share Posted February 18, 2016 Did it mention who would be able to buy all these £1m + houses? ....are sky giving their employees a pay rise three times above the rate of inflation over the next 10 or fifteen years? or are they planning in increasing the prices to their customers or both......do we need sky, do we need a home for sky to operate? Quote Link to comment Share on other sites More sharing options...
olliegog Posted February 18, 2016 Share Posted February 18, 2016 so if circa 30m households in the UK (assuming one house each) that means 1.5 million properties will be worth 1 million + in 14 years time any guesses where those will be the stat is not as alarming as it at first appears. Quote Link to comment Share on other sites More sharing options...
The12YearWait Posted February 18, 2016 Share Posted February 18, 2016 Help to Buy 750K is on its way. Quote Link to comment Share on other sites More sharing options...
thewig Posted February 18, 2016 Share Posted February 18, 2016 People must still feel happy about this sort of news, if the sort of channels like Sky and the vile BBC are always parroting it. The average homeowner must therefore STILL think rising house prices are a good thing, even though a house = a house and if the price of your house goes up the price of other houses go up also etc. its a zero sum game barring the arbitrage of location variance but that isn't what the average joe in the shires thinks is it? They think I paid 10k for my house in the seventies now its worth 400k, I'll be able to leave my 3 kids 400k or whatever, but that 400k just means they're splitting their house between 3 kids right? And how much of that 400k are they going to ever be able to realise, what are they going to do - sell and live in a box? Quote Link to comment Share on other sites More sharing options...
frederico Posted February 18, 2016 Share Posted February 18, 2016 The only way out of this is printed money. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 18, 2016 Share Posted February 18, 2016 Reminds me of 2007 headlines. I wonder if my pyramid scheme commented will be allowed.... Quote Link to comment Share on other sites More sharing options...
janch Posted February 18, 2016 Share Posted February 18, 2016 We'll all be living in tents next to empty houses but hey we'll save on council tax Quote Link to comment Share on other sites More sharing options...
ccc Posted February 18, 2016 Share Posted February 18, 2016 BBC had this as well on Breakfast. They at least attempted to discuss the 'negative' elements of it - but you coulld tell it was difficult for them. Apparently the average house price in England will more than double over the same period. £580k apparently by 2013. What a load of guff. Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted February 18, 2016 Share Posted February 18, 2016 The media report this and yet never explain how anyone will be able to afford it and how its actually a good thing .. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted February 18, 2016 Share Posted February 18, 2016 The only way out of this is printed money. Naa, the only way out of this is printed houses! www.wired.co.uk/news/archive/2015-09/21/giant-3d-printer-builds-houses Quote Link to comment Share on other sites More sharing options...
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