Quote:
Originally Posted by marinabrian
500K would buy you a very nice house in this area, what we need is a housing price crash.......that will allow first time buyers to get their foot on the ladder 
Brian  |
Or house prices just to increase in value at the annual rate of inflation.
The spiraling above inflation prices rises does not do you any good unless you want to sell up and live in a tent.
Example
100K house increases in price by 15% - now worth £115K
But, what I would really like is a £200K house, however that now costs £200K + 15% now equals £230K
So, 1 year ago I was £100K away from my dream house - now I am £115K away !