At what point will the Houseprice reversal stop?

Dan:_4

2004

2004........

WTF?_2

2004

Wow - I'm actually on the optimistic side for prices staying high, judging by the poll

Dan:_4

2004

!!!!!!? wrote: »

Wow - I'm actually on the optimistic side for prices staying high, judging by the poll

Yes I thought that was a bit strange too. I would have thought you would have been in the pre-2000 crowd.

WTF?_2

2004

Dan: wrote: »

Yes I thought that was a bit strange too. I would have thought you would have been in the pre-2000 crowd.

Nope, I'd say 2004 nominal levels are about right.

Depends on how much we see consumer price inflation how much the real terms fall is, though.

Also, bear in mind that a fall to 2004 levels means that someone who bought then will have seen absolutely no increase in the value over 5.6 or even 7 years. They'll only have the equity from their payments.

phil_b_2

dannyboycey wrote: »

Optimistic poll.... 1997-1998

not a chance sunshine.

dannyboycey

2000 or earlier!

phil_b wrote: »

not a chance sunshine.

We'll see "me old mucker".

girleight@

baby_boomer wrote: »

It doesn't quite work like that, since those averages are for full time workers and we have millions of women part time workers in the UK.

I agree. The average family income is £32,779 before tax so this is really a more accurate figure to go on than just doubling the single income figure.

Maybe in future people could get together in larger groups I'm sure a "triple" would find it easier to buy a house :rotfl: :rotfl:

thegibdog

2002

mitchaa wrote: »

So in certain areas, yes wages will rise. NHS/police/fire/ armed forces etc all get awarded inflationary increases.

What??? You need to check your definition of inflationary, I'll think you'll find that all of the above get below inflation increases. That's lower wages in real terms for those of us who live in the real world.

Snooze

:huh: :huh:

What a confusing poll. Took me a full 5 mins to figure !!!!!! the thread starter was on about. I was convinced it was a thread originally started in 1999 or something from looking at the poll options. :rolleyes:

Silly thread.

Rob

mitchaa

2006

girleight@ wrote: »

I agree. The average family income is £32,779 before tax so this is really a more accurate figure to go on than just doubling the single income figure.

Maybe in future people could get together in larger groups I'm sure a "triple" would find it easier to buy a house :rotfl: :rotfl:

That figure is surely rubbish seeing as the average single wage is £25k?

The figure above suggests a 1x average paid worker (£25k) + a 1x PT low earning worker (£7.7k)

To me average means... 2 x working people on the singular average income of £25k, otherwise you have Mr average and Mrs Less average and adding the 2 of them together doesn't = Mr and Mrs average:rotfl:

IMO anyway;)