How much is a house worth? How do we work out its real value, and most importantly, whether it’s too expensive or indeed really cheap? Let me start with a rather unusual chart. This shows the value of a house priced in gold against sterling. It emphasises a basic fact that house prices dont just go up, they tend to track inflation. In other words, the following chart is really showing just how much sterling has depreciated over the past sixty odd years. Houses, valued in gold, haven’t moved at all. Welcome to the world of fiat currencies, where the value of the currency just keeps on falling due to the financial delinquency of governments.
How to Value a House
How to Value a House
How to Value a House
How much is a house worth? How do we work out its real value, and most importantly, whether it’s too expensive or indeed really cheap? Let me start with a rather unusual chart. This shows the value of a house priced in gold against sterling. It emphasises a basic fact that house prices dont just go up, they tend to track inflation. In other words, the following chart is really showing just how much sterling has depreciated over the past sixty odd years. Houses, valued in gold, haven’t moved at all. Welcome to the world of fiat currencies, where the value of the currency just keeps on falling due to the financial delinquency of governments.