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Old 04-21-2008, 12:31 PM   · #12
ApeXX
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Name: Mike
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Originally Posted by kev
15 years ago, my parents bought a 4 bedroomed house for £80,000 ($160,000). Now its worth close to £500,000 ($1,000,000). Now my first purchase is going to be around £20,000 more for a 1 bedroomed flat than what they paid for a 4 bedroomed house back in the nineties.

In saying that, Scotlands prices are still increasing according to the media. 5.3% in the last year



That's quite different from here in the US. Many people here can't afford their mortgages so their either selling their house really cheap or foreclosing. Either way, new home buyers are getting a great deal.


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