Flying Squid@lemmy.world to Microblog Memes@lemmy.worldEnglish · 1 month agoSo much for "progress"lemmy.worldimagemessage-square152fedilinkarrow-up1180arrow-down13
arrow-up1177arrow-down1imageSo much for "progress"lemmy.worldFlying Squid@lemmy.world to Microblog Memes@lemmy.worldEnglish · 1 month agomessage-square152fedilink
minus-squareMr_Dr_Oink@lemmy.worldlinkfedilinkEnglisharrow-up1·1 month 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-up0·1 month 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.
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.