please empty your brain below
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Yes. Have you read Danny Dorling's book All that is Solid?
Apparently some 'high end' estate agents are predicting an exodus of cash from the London housing market if non dom statuses are abolished and 'mansion taxes' introduced. Here's hoping.
Lorenzo | 14.04.15 - 7:51 a.m. | #
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My old home, was sold in 2006 for just under a million.
My parents bought the house for £9,000 in 1956.
Michael | 14.04.15 - 7:53 a.m. | #
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@ Michael
According to the Bank of England's inflation calculator general inflation between 1956 and 2006 averaged 5.8% pa, so £9000 in 1956 was equivalent to £155,000 in 2006, (and £200,000 now) meaning the house increased in monetary value at between six and seven times general inflation.
timbo | 14.04.15 - 10:03 a.m. | #
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This is something I really worry about for my kids. My parents helped us buy our first home, but there's no way we can afford to do the same for ours.
Cornish Cockney | 14.04.15 - 11:27 a.m. | #
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Oh listen, Liz Truss on the radio suggesting spending £4bn on making things worse.
HTFB | 14.04.15 - 1:46 p.m. | #
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Well, both the Tories and Labour (and LD and UKIP) have always wanted house prices to continue going up (whether or not they are currently claiming to want this).
JQ | 14.04.15 - 4:13 p.m. | #
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Same for me. My parents live in Queensbury/Stanmore in East Harrow. My dad bought it based on his one wage which, adjusted for inflation, is less than my salary. Even based on both mine and my husband's salaries (he earns slightly more than me) we couldn't afford to buy their house. It's a 3 bed semi. Nothing special. Just 15 minutes from a zone 4 tube station and that's what makes the difference.
Claire | 14.04.15 - 8:34 p.m. | #
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