Predicted the 2008 financial crisis in 2010. Buy a home, but don't overpay. House prices have crashed 35% since 2022. Mortgage interest is a front loaded scam.
@AugusteCom30151 @moving_charlie Another 35% from the 2022 highs mate. So down 70% in total. @LondonMoneyFS and I are doing an emergency podcast on it this afternoon. By the summer, you'll be able to buy a 4 bed detached in SW1 for about £50k.
@WellPaidGeek@Stonksyio@moving_charlie Rightmove uses arithmetic average, ONS uses geometric (results in a lower number as it reduces skew from higher value properties)
See section 2.4 in particular
https://t.co/AUfYZ5jv6O
@hodlerb2@proptechpioneer@samhfinance But they can only afford to do that because they sell oil and gas that can be extracted for next to nothing. The UK and France don't have that option. I have also seriously been considering France, the UK feels as though it is in a downward spiral unfortunately.
Rightmove still shilling excessive house price growth as a good thing. When will they learn this is the problem?
A better chart would have been "10 best value seaside areas to buy a home".
They still promote money making over home ownership.