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Debate House Prices
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What was the main driver of the 300%+ house price rise from the mid 80s to mid 00s
Comments
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More women work now than 30 years ago so I would say it is a culture shift.
I would dare say there is a fair bit of correlation between dual income households and HPI over the last 50 years.
It is a culture shift I but are more women working because of bigger mortgages or are mortgages bigger because more women work.0 -
increased availability of creditIt is a culture shift I but are more women working because of bigger mortgages or are mortgages bigger because more women work.
Maybe we've reached the tipping point. Where working to service an ever increasing mortgage and paying child care is diminishing the quality of life for many families?
Lower house prices would actually result in a different working culture.0 -
increased availability of creditYour house is only worth what the banks will lend someone to buy it.
I agree with the supply & demand arguement but (non) available credit means that effectively demand falls.. people might want a house but if they can't find a deposit plus mortgage (whos valuer values it at the price you want to pay for it) its tough!0 -
increased availability of creditThrugelmir wrote: »Maybe we've reached the tipping point. Where working to service an ever increasing mortgage and paying child care is diminishing the quality of life for many families?
Lower house prices would actually result in a different working culture.
Reached that point a few years ago.
Roll on the revolution!0 -
It is a culture shift I but are more women working because of bigger mortgages or are mortgages bigger because more women work.Thrugelmir wrote: »Maybe we've reached the tipping point. Where working to service an ever increasing mortgage and paying child care is diminishing the quality of life for many families?
Lower house prices would actually result in a different working culture.
A number of good points.
In the "olden" days, there tended to be only 1 wage coming into the household. But that was enough to support everyone in that household.
Now, it is more likely to have 2 incomes into a given household, for that household to be able to sustain its liabilities.
Granted there will be exceptions.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
It is a culture shift I but are more women working because of bigger mortgages or are mortgages bigger because more women work.
Err women work because they want to earn money.
Do you expect women to wait for men to sweep them of there feet and start a family at just after school age.
Most work because they want too. I don't know any Moms who put a house before family, or fathers for that matter.
If you knock out equal rights you can go back to the 30's/ 40's if you want.:eek:
But what about single women then?
They would be without work or never have any chance of a decent wage and excluding from owning and "left on the Shelf" (as they used to say)
To make out women have to work to service a mortgage is wrong in my eyes (they work before a mortgage so it can't be true).
Equal rights are a good thing and gave equal rights for all, but it did make two people more of a purchasing force than a single person (male or female)0 -
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lemonjelly wrote: »A number of good points.
In the "olden" days, there tended to be only 1 wage coming into the household. But that was enough to support everyone in that household.
Now, it is more likely to have 2 incomes into a given household, for that household to be able to sustain its liabilities.
Granted there will be exceptions.
The only thing I would add is that now peoples expectations are a lot higher holidays abroad big TVs new bathrooms kitchens etc.0 -
increased availability of creditErr women work because they want to earn money.
Do you expect women to wait for men to sweep them of there feet and start a family at just after school age.
Most work because they want too. I don't know any Moms who put a house before family, or fathers for that matter.
If you knock out equal rights you can go back to the 30's/ 40's if you want.:eek:
But what about single women then?
They would be without work or never have any chance of a decent wage and excluding from owning and "left on the Shelf" (as they used to say)
To make out women have to work for a mortgage is wrong in my eyes. equal rights are a good thing and gave equal rights for all, but it did make two people more of a purchasing force than a single person (male or female)
Fathers could run the household doesn't have to be Mothers.
Wages are falling. The EU is creating a vast level playing field. So a decent wage is primarily only needed as a means of paying for housing. In Bulgaria the average household income is still only £3,500 pa. Yet they get by.0
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