RE: future house prices1 Nov 2022 16:50
The first house I bought was a new Wimpy semi. It cost £1,750 in 1971. Any property you buy now will increase by hundreds of thousands in the future. Though the housing market has it ups and downs, it is even now the best investment you can make. Our currency has been devalued year on, year out and there is no such thing as responsible supervision. Everyone pays themselves ten times what they are worth and no one blinks an eye. The first postage stamp cost one penny , now it is nearly a pound. Newspapers are increasing daily in price, splattered in large coloured photographs and senseless long wordy articles. Why it takes one coloured photograph to fill a large page is a mystery to me.
We do need a roof over our heads and it makes sense to avoid paying rent to a landlord . Interest rates now are downright cheap even if they wer to double in cost. My early mortgage rate was 8% and rose up to 15% . Now I am mortgage free.