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| A property price and boom story | |
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| Tweet Topic Started: Apr 1 2011, 08:19:04 PM (176 Views) | |
| ABCDiamond | Apr 1 2011, 08:19:04 PM Post #1 |
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Some years ago, I bought a house, and after about 3 years the prices had risen dramatically. Everyone was saying that these price rises cannot go on for ever, and I sold it. Sure enough eventually the prices did drop a bit, then rose again... I sold it for £28,000. After that it did drop at some stage, but not sure exactly when. It last sold in 2002, for £157,500 It is currently worth £227,000... When I said some years ago, I did mean quiet some years ago :lol: The funny thing is, back in 1977, £28,000 was 408 weeks wages. 408 weeks wages now would be $550,000 I have gone up, I have down, and I am right back where I was :lol: |
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| Hevs | Apr 1 2011, 10:09:45 PM Post #2 |
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Miraculous Mamma Mod
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:thumbsup: We have to have the units valued for our sale, I'm dying to see whats happened in a year. But we have decided to sell one, as they are costing us $480 per month EACH! no wonder we are so broke :D |
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rjs
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Apr 3 2011, 09:37:29 PM Post #3 |
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Richly Joyful Sylph
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Wow that is expensive Hevs :no: They did an area valuation in the paper this weekend & the area we bought land in has increased 23% since we bought just over a year ago . Sadly Matt wont sell :crazy: |
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rjs
10:24 AM Jul 11