House Prices

Some of us can still remember the '70s when I bought my first house, a semi for £ 10000 and I have always regretted not buying 2 houses and also not buying 2 years before, before the first big boom. I could have bought the same for £ 2000. In reality the UK pricing system has gone mad you have all probably bought houses that are worth 2, 3, 4, 5, 6 maybe even 10 times what you paid for them. If you had told me the day after I bought my first home it would be worth £ 200000, I would have just laughed at you. But homes in the same street are selling today for over £ 250000 and still rising that's 2500% in 35 years and if I had bought 2 years earlier before the boom it would have risen 12500 %. So time is money !!!!!!!!!!!!!!!!.

I can even remember Black Wednesday when interest rates rose to 15% for a day and negative equity which scared many buyers to death but I bet there is not anyone with negative equity today. And money has never been so cheap. There are many countries where the mortgage rate can be as low as 3%. If I said you and your children will be millionaires in the future because of the value of your home you wouldn't believe me. Just look at the table below. This table will show you your second home abroad will be worth in 20 years time. Do not forget to double it because you also have a UK home as well to consider.

MY UK HOUSE			MY HOUSE ABROAD
Annual rate of inflation (%):			Annual rate of inflation (%):
my house is worth today:	£		house abroad to buy:	£
UK houses prices rises			Wordwide house price rises

NOW TELL ME YOU DON'T BELIEVE IT

I know where I want to be and I know I do not have to rely on my pension to survive when I retire.

When is the best time to buy ? NOW or 20 years? Just look at the figures in the last 2 boxes and the answer is obvious!!!!!!!.

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