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Debate House Prices


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House prices going into 2010 - Is shelter really affordable?

124

Comments

  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    ess0two wrote: »
    On a scale of 1 good / 5 bad,it ranks from my POV at 3,theres better to be had for £100-120k as areas go.
    Its up North so gonna be a hell of a lot cheaper than down South,on a wage of £25k its well affordable as a starter home.
    Let us know when it's sold.
  • Zelie
    Zelie Posts: 773 Forumite
    tommy75 wrote: »
    1987
    The average weekly wage is £251.46 (Annual wage £13,076)
    The average UK house costs £49,355

    1998
    The average weekly wage is £251.46 (Annual wage £13,076)
    The average UK house costs £49,355

    1989
    The average weekly wage is £274.38 (Annual wage £14,268)
    The average UK house costs £54,846

    Are you on a different calendar from the rest of us? :D

    Either they've messed up or that's one hell of a typo. The figures for "98" (I presume really 88) have no change from the year before, not even by a pound.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    mewbie wrote: »
    Let us know when it's sold.

    I've got better things to do,just trying to prove there are affordable properties out there.
    Official MR B fan club,dont go............................
  • tommy75
    tommy75 Posts: 583 Forumite
    Zelie wrote: »
    Are you on a different calendar from the rest of us? :D

    Either they've messed up or that's one hell of a typo. The figures for "98" (I presume really 88) have no change from the year before, not even by a pound.

    Well spotted ty :p

    *edited*
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    there are affordable properties out there.
    There's loads... but they're not affordable to everybody and they're not near jobs people are doing and/or people couldn't just move there and get a job.

    There are LOADS of houses under £100k where I live, in a city too.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    PasturesNew wrote: »
    There's loads... but they're not affordable to everybody and they're not near jobs people are doing and/or people couldn't just move there and get a job.

    There are LOADS of houses under £100k where I live, in a city too.

    i agree with this. things have become very regional.

    the economic indicators may currently not be positive and we've been through quite a bit of economic turmoil already but shouldn't we be closer to affordability all-round by now? do you think that this will change very much?
  • tommy75
    tommy75 Posts: 583 Forumite
    Right, well ok. Point made that housing is still largely overvalued compaired to wages and hardly any arguments about it. I guess we have more falls to come then. Shame I have to wait possibly another couple of years as I'm starting to hate renting :confused:
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    tommy75 wrote: »
    Right, well ok. Point made that housing is still largely overvalued compaired to wages and hardly any arguments about it. I guess we have more falls to come then. Shame I have to wait possibly another couple of years as I'm starting to hate renting :confused:

    i don't disagree with the over-valued comment.

    but i would question the comparison to wages being too simplistic to to compare against - i'm not disregarding it in any way as it's the most important factor but there are others.

    factors would be inheritances, savings, money invested in property from other assets like shares or bonds - there are quite a few of these that would inflate the value of a property when comparing it to wages.
  • mitchaa
    mitchaa Posts: 4,487 Forumite
    tommy75 wrote: »
    SNAPSHOT OF UK SALARIES Job title

    Aircraft pilots and flight engineers £63,664

    In the top 3 in that list:whistle:

    Where's my boss, i need a payrise.
  • Chris2685
    Chris2685 Posts: 1,212 Forumite
    I should be earning an extra 10k per year! Where the hell is it?!
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