From: troysteadman@yahoo.co.uk (Troy Steadman)
Newsgroups: uk.finance
Subject: Re: Letting / Tax query...
Date: 9 Nov 2004 23:34:28 -0800

smithmp3@hotmail.com (Shano) wrote in message news:<8a5c3064.0411090059.62341315@posting.google.com>...



> After all, pick any year in the last 100 and ask yourself, how much
> was that house ten years ago?
> 
> Shano
> E&OE

Huh? Do you mean "pick any year in the last hundred and ask yourself
how much any given house was worth ten years previously?"?

That is known as inflation my friend, you don't make money out of
inflation. Besides if something has been increasing and increasing
over a hundred years does that make it *more* or *less* likely it will
increase during the next ten?