Friday, Jan 04, 2019

Houses actually cost money last year

BBC: House price growth slowest for almost six years, says Nationwide

Overall Annual Growth was 0.5%, so money in the bank might actually have outperformed houses.
I like the way all the "experts" are predicting rises will start going up again.
I wonder how many "experts" predicted that at the end of the great Japanese property bubble.
Being an engineer I keep thinking of one simple principle
https://en.wikipedia.org/wiki/Positive_feedback
I like the way Wikipedia illustrates it with cattle stampeding

Posted by tenyearstogetmymoneyback @ 06:36 PM (593 views)
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3 Comments

1. libertas said...

This could be bullish. Crashes normally follow bull markets. If Brexit leads to wage rises, we return to the 1980s boom model pretty soon.

Monday, January 7, 2019 12:47AM Report Comment
 

2. libertas said...

This could be bullish. Crashes normally follow bull markets. If Brexit leads to wage rises, we return to the 1980s boom model pretty soon.

Monday, January 7, 2019 12:48AM Report Comment
 

3. mombers said...

@2 if you say it twice maybe it'll happen :-)
Wouldn't it be nice if wage rises would lead to a higher standard of living and not just more money pouring into the pockets of rent seeking landowners though? My flat isn't any better since it went up in value over the last 5 years - worse actually due to wear and tear. And the increase is to our detriment as we can now no longer afford as nice a home as we could have 5 years ago - despite substantial pay increases!

Monday, January 7, 2019 01:49PM Report Comment
 

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