How much is your house worth and what did you pay for it?

£148k (if we're lucky) property is as cheap as chips here.

£140k - 2005

Sold smaller house in London when prices went mad for £245k.

britain's only manufactured product - manufactured high house prices

2.4 m
1.25 m 94

paid £29.000 in 1984 ex council
valued now 180.000 good old maggie

Sir Denis Eton-Hogg Joined: 16 Nov 08
Replies: 5711 10 Aug 10 12:35   


britain's only manufactured product - manufactured high house prices 

That’s the problem with Britain today, sky high house prices and no sustainable way to pay for them.
It’s a situation that can’t last forever, sooner or later the housing market and there for the country has a whole will go down like a lead balloon.

meatloaf be pleased

Just chucking this in....
After the 1st World War, my grandfather had a 'bounty' after leaving the Navy.
He wanted to buy a new house in a very nice part of Swansea, but my grandmother
(they were newlyweds at the time) didn't want to move there because there were
no trams running there at the time.
He could have bought it for £850, it is now worth £1 million, and that is MASSIVE
in this part of the world!

but you cant live in FTSE shares

The one I live in or the ones rented out???

I'm guessing slippy has to be in London or Jersey kind of area.

£11k in '69 was a fair chunk so it must have been pretty special!.

I bought a new detached bungalow, in the same year, for £4,110.

Sold that in '65 and bought a new 4 bed detached, that had been £24.5k,
from the receivers for £18.5k (think of a bus shelter)!

Joined: 05 Apr 06
| Topic/replies: 25,584 | Blogger: The Leopard's blog
Using this site :
.
http://www.moneysorter.co.uk/calculator_inflation2.html#calculator

Due to inflation the £850 in 1945 would be worth £25,650

so house prices have multiplied by near 40 times over inflation in that area.

If your grandfather's money was in stocks and shares then it may have multiplied by more than 40 times

FTSE muliplied by 6.7 times since 1984 ( best I could find )




Using this calculator for The Dow (American) stock market:

http://dqydj.net/dow-jones-return-calculator/

Since 1945 the Dow has multiplied by 107 times

Taking into account inflation it has multiplied by 7 times

HOWEVER

If you had re-invested dividends:

You would have multiplied your money by 1576 times

which is still equates to 118 times when taking inflation into account.

That's the miracle of compounding!

new flat built in 1998 - previous owner bought it new at £250k
I bought in 2003 for £350k
Identical one upstairs went this year for £600k

Madness, it's only a two bed flat.  They're building next door; one beds selling off plan for £850k - totally nuts.  There has to be a link between what accommodation costs and what people earn.  It's way out of sync now.  Can only end in repossessions and empty properties surely?

All the Chinese who have these but to lets will try to sell them to raise capital.....prices will crash

SELL ! SELL ! SELL !

Paid £370,000 in 2010. Now worth 480,000.

houses are roughly two thirds of what they should be according to the prices paid on this site  - but then interest rates are really low and demand is sky high for places in decent areas. So prices will stabilise and go up only with inflation.,but NO crash .

You cannot win ,if you bought in the 70s or 80s  then the interest you paid (if you did)  would wipe out any 'gains' .

If yopu wre lucky you bought in 1995- 1997  when houses were their cheapest (to buy over 25 years) in history - obviously a cash buy in say 1970 would have beaten that .

ex council sales seem to be the way to go

ex council gaff in London sold for more tham 1 million - bet they weren't the original tenants that sold though

payed 59,500 in 96
worth 200,000
owe zilch,nothing,nada,

i've found the answer

fish and chips 

up 7400 % in 50 years -no item comes near it

£57k 1993 .. £157k now (a lot more for your money over by here - detached with garage and large gardens in a quiet close of 12)

Mum's is better.. £340 in 1934.. £155k now.