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Debate House Prices


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2004...My Ar*e....Make Your Predictions...

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Comments

  • drbeat
    drbeat Posts: 627 Forumite
    beingjdc wrote: »
    Between 1979 and 1997 the way unemployment was counted was change roughly 27 times.

    Evidence please.
  • barginpleasure
    barginpleasure Posts: 48 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    http://www.ourproperty.co.uk/

    This gives you sold prices as per land register yahoo has one too just thought I'd add it.
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    drbeat wrote: »
    Evidence please.

    http://www.jstor.org/pss/4378788

    Towards the bottom third of the middle column - the definition of unemployment had been changed 19 times by 1988.
    Hurrah, now I have more thankings than postings, cheers everyone!
  • drbeat
    drbeat Posts: 627 Forumite
    beingjdc wrote: »
    http://www.jstor.org/pss/4378788

    Towards the bottom third of the middle column - the definition of unemployment had been changed 19 times by 1988.

    Well thats shut me up then! :p
  • Kenny4315
    Kenny4315 Posts: 1,133 Forumite
    Average price below £80k ... dream on. Just a basic calculation of 3 1/2 times average earnings is £87500, plus deposit of 15% takes us above £100k , most prospective home buyers are a few runs of the employment ladder so I'd expect the average salary of house buyers to be closer to £30k so that's £105k plus deposit takes us to around £120k
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    drbeat wrote: »
    Well thats shut me up then! :p

    Any time :)
    Hurrah, now I have more thankings than postings, cheers everyone!
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    Kenny4315 wrote: »
    Average price below £80k ... dream on. Just a basic calculation of 3 1/2 times average earnings is £87500, plus deposit of 15% takes us above £100k , most prospective home buyers are a few runs of the employment ladder so I'd expect the average salary of house buyers to be closer to £30k so that's £105k plus deposit takes us to around £120k

    Suppose everyone except you loses their job in the recession. You have savings of £100k, and earn £100k a year.

    Would the average house price rise to £450k, or fall?
    Hurrah, now I have more thankings than postings, cheers everyone!
  • Kenny4315
    Kenny4315 Posts: 1,133 Forumite
    beingjdc wrote: »
    Suppose everyone except you loses their job in the recession. You have savings of £100k, and earn £100k a year.

    Would the average house price rise to £450k, or fall?

    Not very realistic I have .... £1/4m in cash. :money:
  • Paul_N_4
    Paul_N_4 Posts: 344 Forumite
    Kenny4315 wrote: »
    Average price below £80k ... dream on. Just a basic calculation of 3 1/2 times average earnings is £87500, plus deposit of 15% takes us above £100k , most prospective home buyers are a few runs of the employment ladder so I'd expect the average salary of house buyers to be closer to £30k so that's £105k plus deposit takes us to around £120k

    You think national average wage is going to stay at £25,000? That figure is a result of the UK's imaginary growth over the past several years.
  • Kenny4315
    Kenny4315 Posts: 1,133 Forumite
    It's a recession not World War 3. Average salaries aren't suddenly going to be £15k all of a sudden, there will be increased unemployment and 2009 will be tough but it is not the end of he world as we know it.
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