Flying Squid@lemmy.world to Microblog Memes@lemmy.worldEnglish · 8 days agoSo much for "progress"lemmy.worldexternal-linkmessage-square219fedilinkarrow-up11arrow-down10cross-posted to: [email protected]
arrow-up11arrow-down1external-linkSo much for "progress"lemmy.worldFlying Squid@lemmy.world to Microblog Memes@lemmy.worldEnglish · 8 days agomessage-square219fedilinkcross-posted to: [email protected]
minus-squarebitchkat@lemmy.worldlinkfedilinkEnglisharrow-up0·7 days agoI also want to know what those $25k houses are selling for now. Comparing to houses built in 2024 is stupid.
minus-squareMr_Dr_Oink@lemmy.worldlinkfedilinkEnglisharrow-up0·7 days agoIn 1988 my family home in the UK was 33k. We sold in 2011 for 185k. My house in 2014 cost 118k and is now worth 195k. So, it’s not that stupid.
minus-squarebitchkat@lemmy.worldlinkfedilinkEnglisharrow-up0·7 days agoSo the 1988 home sold for about 6 times its purchase price and and the 2014 house is 1.65 times its purchase price. Both of those are way less than the 25x that the image claims.
minus-squareMr_Dr_Oink@lemmy.worldlinkfedilinkEnglisharrow-up0·7 days agoBut the graphic is stating from 1971 so 18 years before the 1988 house. In 1971 the average house price in the uk was about 5k. You are the one conflating here.
minus-squarebitchkat@lemmy.worldlinkfedilinkEnglisharrow-up0·7 days agoThen provide the 1971 to 2024 numbers. A house built after 1977 can appreciate much less than a house built in 1971.
I also want to know what those $25k houses are selling for now. Comparing to houses built in 2024 is stupid.
In 1988 my family home in the UK was 33k. We sold in 2011 for 185k. My house in 2014 cost 118k and is now worth 195k.
So, it’s not that stupid.
So the 1988 home sold for about 6 times its purchase price and and the 2014 house is 1.65 times its purchase price. Both of those are way less than the 25x that the image claims.
But the graphic is stating from 1971 so 18 years before the 1988 house. In 1971 the average house price in the uk was about 5k.
You are the one conflating here.
Then provide the 1971 to 2024 numbers. A house built after 1977 can appreciate much less than a house built in 1971.