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Who Wants to Be a Millionaire?

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Seeing as inflation has eaten away at the pound substantially since this show was first aired in 1998 surely the title should be replaced to something more meaningful ?

A million quid in 1998 is the equivalent to 1,672,891.38 in today`s money.  winning on the show did indeed make you well off, now it would probably buy an ok house in a reasonable area nothing really substantial though and not any cash left. 

Technically though you are still playing for 1 million pounds but the title of millionaire is meaningless now really.  

maybe a fruit machine type system could be introduced whereby the player can push the 2x boost button at the end to make it more substantial. 

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1 hour ago, Riedquat said:

It's still a lot more money than most people will ever have, hardly meaningless.

a million pounds 20 years ago does not get you anywhere near what it buys now does it ? 

how much was a nice house in the london area then 300 to 400k ?

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Most people don't live in London.

Yes, a million pounds doesn't get you what it did 20 years ago (especially if spent on houses). But the point is that for the vast majority of people it is still a hell of a lot of money, more than they'll ever see in one go, and for a not insignificant proportion of them quite probably more than they'll spend in total over their entire lifetime (at current levels).

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4 hours ago, Riedquat said:

Most people don't live in London.

Yes, a million pounds doesn't get you what it did 20 years ago (especially if spent on houses). But the point is that for the vast majority of people it is still a hell of a lot of money, more than they'll ever see in one go, and for a not insignificant proportion of them quite probably more than they'll spend in total over their entire lifetime (at current levels).

Nothing in my area over £700k, but you could pick this up for £650k and use your change to build the 7x homes. Bargain!

https://www.tspc.co.uk/Mains-of-Balmanno-Farm-Marykirk-AB30-1US

Happy new Year to all btw.

Edited by AThirdWay

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Over forty years ago I took out an endowment mortgage and the broker said it would cover the sum borrowed plus £8K when it matured. When I questioned the value of £8K in 20 years, he said confidently "It will still be £8K". :rolleyes:

Fortunately, I paid off the principal early and cashed in the endowment before it was worthless. It was actually over £16K more than the sum borrowed, but that was nowhere near the value of £8K at the time.

As for a million today? Still not small change, but millionaires are now ten a penny.

The house I bought then cost about £40K price now about £1m.

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  • 293 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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