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Debate House Prices


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How times have changed....

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Comments

  • D1zzy
    D1zzy Posts: 1,500 Forumite
    our first property - 2 bed flat in manchester cost us £6500 (1973)
    our biggest' mortgage £43000
    our daughter's FIRST mortgage (3 bed terraced -2006) -£240,000
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    D1zzy wrote: »
    our first property - 2 bed flat in manchester cost us £6500 (1973)
    our biggest' mortgage £43000
    our daughter's FIRST mortgage (3 bed terraced -2006) -£240,000

    And my gyandad used to go to the pictures, then go for a few pints down the pub, ten woodbines and still have change from and old tanner (2.5p) icon7.gif
    '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
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    Polo's used to be 5p

    etc

    etc

    etc

    :wall:
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    JonnyBravo wrote: »
    Polo's used to be 5p

    etc

    etc

    etc

    :wall:

    Do you mean the car icon7.gif
    '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
    This thread don't actually mean much to be honest.

    The fact that the average first time buyer is now around 35 has more relevance on how stupid house prices have got, IMO!
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    This thread don't actually mean much to be honest.

    The fact that the average first time buyer is now around 35 has more relevance on how stupid house prices have got, IMO!

    or maybe that they don't feel the need to settle down until later in life.
    take your pick.
  • MyLastFiver
    MyLastFiver Posts: 853 Forumite
    diable wrote: »
    Are you still on £16k a year though?

    Nope - I'm doing better these days but with a wife, baby, car and mortgage I probably have less spare cash now than I did then ;)
    My Debt Free Diary I owe:
    July 16 £19700 Nov 16 £18002
    Aug 16 £19519 Dec 16 £17708
    Sep 16 £18780 Jan 17 £17082
    Oct 16 £17873
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    or maybe that they don't feel the need to settle down until later in life.
    take your pick.

    Don't think they are looking to settle down in a 2 bed flat, tbh.
  • adrian_bond
    adrian_bond Posts: 164 Forumite
    hi everyone,

    just to put my long term pain it into perspective.....i bought a 1 bedroom flat in norwich city centre for £103000, in april 2007. luckily we only borrowed 2.7 x our joint wages tho so we are pretty comfy at the mo, plus i can afford to send the missus back to uni to do a masters, so should be quids in in two more years.

    pretty worrying stuff tho. if its right about house prices doubling every 7 years then my kids (when i have them) will have to earn megabucks to afford a shed, let alone somewhere worth living.

    what can we do to prevent it?
  • Max_Headroom_3
    Max_Headroom_3 Posts: 1,597 Forumite
    Mortgage-free Glee!
    dopester wrote: »

    We've entered the deflationary long-wave now, and some houses will give up all the inflationary gains of the last 50 years as the old paradigm ends. STR if you have any sense.

    I was as clever as you at your age too.

    Now I know just how "clever" I really was. Not very... :rolleyes:
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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