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House Buyers

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Poor upside opportunity

The price to income ratio of houses is now in excess of 8.3. This is higher than at any time within last 2000 years.


Unemployment is rising. World interest rates are rising.

Mill stone around your neck

Owning a nice house today means huge council tax charges. If at any time you cannot afford £2000 p.a. for council tax (and this could be as much as £4,000 in ten years time) you will be forced to sell. Also, legislation allows you to do less and less repairs for yourself. The cost of maintaining houses is going to rise rapidly over the next few years.

One rung ladder

The concept of the housing ladder is less valid than it used to be. The historically high prices of houses and high cost of moving now makes trading up ruinously expensive. Many people buying today will never be able to trade up. They will be stuck in overpriced properties having their wealth sapped for the next 30 years.

Old age poverty

If you are paying most of your income into your mortgage, how are you going to build up a pension? And don't say your house is your pension. That concept worked for your parents and grandparents but it won't work for you (see poor upside opportunity)

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  • 301 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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