And they where worse off the year before that, and the year before that, and the year before that……
I’m not sure anyone can trust Daft Mortgages or Daft as a trustworthy source for any property related statistics. They have a bit of a vested interest. It’s likely far worse than what they are suggesting.
Also curious on what data they are referring to when Daft Mortgages says prices are still increasing. If it’s clear cut why don’t they make it public?
Edit: Typo
Duh! You could have the same headline for the last 8 years.
Rising prices and less spending power are the same thing…
Inflation only eats at your money if the thing you want to buy with your money has high inflation.
So even though the last few years inflation was basically 0%, if you had 50k for a house deposit, inflation was way higher than that because house prices were rising big.
I had thoughts of buying a 2 bed in 2018. Saw one advertised for 200k, was worried about prices being high at the time as it wouldn’t be a long term buy. Now for the same ones you’re talking 260k.
3 comments
And they where worse off the year before that, and the year before that, and the year before that……
I’m not sure anyone can trust Daft Mortgages or Daft as a trustworthy source for any property related statistics. They have a bit of a vested interest. It’s likely far worse than what they are suggesting.
Also curious on what data they are referring to when Daft Mortgages says prices are still increasing. If it’s clear cut why don’t they make it public?
Edit: Typo
Duh! You could have the same headline for the last 8 years.
Rising prices and less spending power are the same thing…
Inflation only eats at your money if the thing you want to buy with your money has high inflation.
So even though the last few years inflation was basically 0%, if you had 50k for a house deposit, inflation was way higher than that because house prices were rising big.
I had thoughts of buying a 2 bed in 2018. Saw one advertised for 200k, was worried about prices being high at the time as it wouldn’t be a long term buy. Now for the same ones you’re talking 260k.