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House Price Inflation

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In 1912 this property was valued at £56, as opposed to the £330k that it's for sale at today!

http://www.findaproperty.com/displayprop.a...p;agentid=13561

But in 1912 a Sussex farm labourer was paid about £1 a week, and local records reveal Sussex district nurses were paid £40 a year in 1912 (paid by results you might argue, life expectancy in 1912 was only 52 for men and 55 for women!).

If the peak oil theorists are correct, and exploding transport costs means all economies become local with no more "two-income super-commuters"; and if big bang financial de-regulation really is reverting to re-regulation and a return to "old fashioned banking" (ie no credit for the poor), then what's to stop this property's value reverting to 1x income for a local unskilled worker, say about £12-15k?

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  • 292 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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