Are Amazon.com prices Real?

How much have house prices RISEN in real terms since 1992?

• i ask this because up until 2008 house prices have been rising several times faster than wages. with every month that goes by now there is more news being printed that house prices have fallen yet again. surely this is just the market readjusting itself, making it possible for first time buyers to afford a house once again. so, could anyone tell me how much house prices have risen overall since our last recession in both real terms and compared to wages.

• Answer:

  1992-2000 prices were fairly static because the mid to late 1980,,s saw about 200% increases,2000-2008 saw about 200% increases--if you paid£100,000 in 2000 you sold for £300,000 in 2008.or if you bought for £100,000 in 1984 you sold for about £900,000 in 2008.The gains were substantial and out of proportion with other forms of investment,many people have become very rich from just owning a nice house.Pensions have performed disastrously during this time.The difficulty now is valuing a house--price is only about demand and supply.It doesn't matter if the house cost £1000000 to build if nobody wants it at that price then it,s not worth that money.It all depends on the length and depth of this recession and the information i have is that it will be prolonged with some disastrous financial news in the next month