televisions and property we think differently, page-2

good post rebel

thats pretty much it in a nutshell

whats even worse is the apparent lack of understanding in just plain basic maths amongst the people who get caught up in this

the old "property doubles every ten year" rule that people live by shows a complete ineptitude of 99% of the population

just go to an accountant and pay your 100 dollars and get him/her extrapolate the change in average weekly earnings and the average mortgage and he/she will show you the sky rocketing number of days that are needed to pay off the loan as prices increase from about where we are now at 500k average to an average of 1 million

if you are buying a house with a view to it doubling from 500k to 1 mill in ten years, best you invest that $100 to bring yourself back from fantasy land