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bdon

A Little Math Goes A Long Way

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Current house price (predicted) growth in London: 12% in London

[http://www.mortgagestrategy.co.uk/cgi-bin/item.cgi?id=146226&d=337&h=24&f=254]

Current average house price in London: £341,000

[http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/counties/html/county37.stm]

2007: 341,000

2012: 682,000

2018: 1,346,000

2023: 2,728,000

2028: 5,465,000

2033: 10,912,000

2028: 21,824,000

2035: 43,648,000

2040: 87,296,000

2045: 174,592,000

=38 years

Hmmm. I'm 38 now - If only I'd started earlier, I could be sitting on £175m. Doh! Must have missed that property boat then. Right - off to the EA tomorrow morning then ;)

[ref: arithmetic progression:

]

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