An Investigation into Why London Real Estate Has Been Such a Brilliant Investment

Over the past 40 years we have seen real estate prices go through the roof. Back in the day, a house was just where you lived. Now it is the middle class’ primary financial asset.

In 1975, you could buy a house in my now trendy then slummy West London neighbourhood for £5,000. Today, you would struggle to find one for under £1.5 million. It isn’t just London. A friend’s parents bought a vast Park Avenue apartment in the 1970s for $36,000.

via An investigation into why London real estate has been such a brilliant investment.

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