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UK house prices ‘nearly tripled’

October 28, 2006 Dean van Leeuwen General No Comments

A leading mortgage lender in the UK has released a study saying that house prices in the UK have nearly trippled in the past ten years! That’s great news for Baby Boomers and Silent generation cohorts and less so for first time buyer Gen-Xer’s and Millennials

 In contrast wages have only increased by 54% during the same period. While Xer’s and Millennials are having to fund the Boomer’s retirement pool and struggle to get onto the housing ladder, Boomers are heading of to SKI (spend their kid’s inheritance)…generational conflict can only grow.

For those of you with money to invest visit http://news.bbc.co.uk/1/hi/business/6090972.stm and http://www.bbc.co.uk/homes/property/ for some good tips

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