We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
House Prices, Interest Rates and Affordability
Comments
-
I'm surprised teachers earn less than BT engineers.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
-
No need to go back 30 years though mate. In 2000 houses were cheaper. End of.HAMISH_MCTAVISH wrote: »It's nonsense to say affordability is much worse today than it was then, in much, if not most, of the country.0 -
-
No need to go back 30 years though mate. In 2000 houses were cheaper. End of.
Most probably always been cheaper than 2007 but how much is the question. As Hamish says I'm sure that when mortgage rates were 15% they were less affordable than they are now although in relation to average salary they were cheaper.0 -
Oh right. So at some point in time, a very long time ago, it was more expensive to buy a house than now? Excellent argument, and should support the current price levels for at least ten minutes.Most probably always been cheaper than 2007 but how much is the question. As Hamish says I'm sure that when mortgage rates were 15% they were less affordable than they are now although in relation to average salary they were cheaper.0 -
You make the assumption that I think house prices won't fall to be honest I have no idea what they will do. But it's no good comparing todays prices with the lowest they have ever been and expecting them to drop to that.0
-
No I wouldn't expect them to drop to their lowest ever level. I would expect a fairly severe correction after a huge bubble though.You make the assumption that I think house prices won't fall to be honest I have no idea what they will do. But it's no good comparing todays prices with the lowest they have ever been and expecting them to drop to that.0 -
I joined BT or should I say GPO in 1966 and the £1000 salary was for the highest technical grade and they do get about £30k now. Back then you would probably have to been in your mid twenties to earn that.
It was the teaching salary I was surprised at. I thought most teachers earned a basic (before extra responsibility payments) of around 30k, plus their public sector pension. BT engineers lost their final salary pension unless they joined mid eighties or earlier.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
It was the teaching salary I was surprised at. I thought most teachers earned a basic (before extra responsibility payments) of around 30k, plus their public sector pension. BT engineers lost their final salary pension unless they joined mid eighties or earlier.
Unless they're in London, teachers' basic salaries are on a scale from £21k to £30k depending on experience. You can get more for extra responsibility or for "passing the threshold" which is a performance kind of thing available to teachers who have already got to the top of the basic scale.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
0 -
It was the teaching salary I was surprised at. I thought most teachers earned a basic (before extra responsibility payments) of around 30k, plus their public sector pension. BT engineers lost their final salary pension unless they joined mid eighties or earlier.
As mentioned, 21K to low 30's today. More for very senior, dept heads, principals, etc.
So someone in their mid 20's would be around 25K.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards