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BBC News - First Time Buyers Are Rich?

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thats great.

    But again you are not comparing like with like. You are comparing the height of technology in those days, with the basic (well, redundant) technology of these days.


    Really don't see the point in comparing a video recorder with how much it costs today and saying it was worse then. There will always be expensive new technology.


    Would you really expect to pay the eqivalent of £63 a month (min 12month contract) to rent a modern high spec Blue Ray player :confused:

    In the past many people used to rent the TV because they couldn't afford to buy one, how many do that now ?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    Would you really expect to pay the eqivalent of £63 a month (min 12month contract) to rent a modern high spec Blue Ray player :confused:

    In the past many people used to rent the TV because they couldn't afford to buy one, how many do that now ?


    Would you expect to pay £24.99 now for broadband, and then pay for all your usage on top?

    No. But I used to pay that for dial up and then pay for all my telephone call usage while using it.

    It's exactly the same argument.

    Things change.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Would you expect to pay £24.99 now for broadband, and then pay for all your usage on top?

    No. But I used to pay that for dial up and then pay for all my telephone call usage while using it.

    It's exactly the same argument.

    Things change.

    Things change,
    and get better/cheaper. Exactly my point. BTW I have 12 months unlimited with O2 for free then, only £7.50 :beer: Oh you remind me of another, a mate at work had two teenage daughters and Telephone bills over £400 a quarter (he used to go spare :eek:). Now you can have free evening an weekend for around £36 and free Anytime for not much more.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • agree with above. I think there's a point that the makeup of outgoings change over time. As 'luxury goods', holidays and particularly food (esp meat) have got cheaper, they have ended up taking up a smaller percentage of salaries imo. This has meant a larger percentage of salary became available to go towards assets and the debt to service them
    Prefer girls to money
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    agree with above. I think there's a point that the makeup of outgoings change over time. As 'luxury goods', holidays and particularly food (esp meat) have got cheaper, they have ended up taking up a smaller percentage of salaries imo. This has meant a larger percentage of salary became available to go towards assets and the debt to service them


    The thing with cheaper meat: do we spend less on meat, or do we just eat more of it?:confused:
  • The thing with cheaper meat: do we spend less on meat, or do we just eat more of it?:confused:

    we eat more of it. bit of a bugbear of mine. think the increasingly meat-intensive diets of the post-war western nations is a terrible development on a number of levels tbh
    Prefer girls to money
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    we eat more of it. bit of a bugbear of mine. think the increasingly meat-intensive diets of the post-war western nations is a terrible development on a number of levels tbh

    Me too. A confirmed meat eater and aspiring large scale small holder/small scale farmer: we eat the best meat we can afford...infrequently. Much to our birds' relief!:D
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