What was the main driver of the 300%+ house price rise from the mid 80s to mid 00s

ukcarper

I'm not saying the 70s were that hard it was afterall easier to buy a house. What gives yo the idea most people left home before they were 20 one factor was that people got married a lot earlier I got married at 22 my wife was 20 and most of my friends did the same.

Really2

ukcarper wrote: »

I'm not saying the 70s were that hard it was afterall easier to buy a house. What gives yo the idea most people left home before they were 20 one factor was that people got married a lot earlier I got married at 22 my wife was 20 and most of my friends did the same.

But surely it could not have been affordable for most otherwise most would have purchased back then?

Just trying to get my head round it because I cant understand what changed. E.G. houses were very affordable but still a lot of people never purchased.

Really2

treliac wrote: »

.....................................

Thanks for the response, I was not sure on how the post sounded.
I always worry on the subject that if a man talks about equality like that it sounds sexist.

ukcarper

Really2 wrote: »

But surely it could not have been affordable for most otherwise most would have purchased back then?

Just trying to get my head round it because I cant understand what changed. E.G. houses were very affordable but still a lot of people never purchased.

Property wasn’t easily affordable but by saving hard and being prepared to move you could buy if you had a reasonable job. Council houses were more readily available and people generally had children earlier. But there were lots of problems with rental not only for the tenants but landlord as well so very little BTL. People seem to think hpi is a new thing but property prices in the south east almost doubled in1972.

Emy1501

increased availability of credit

Really2 wrote: »

That's one hell of a generalization, your children will be going to school one day and you will not be able to select there friends then.
Personally I was never a troublesome child but had the pee took out of me for living in a council estate.
A lot of the time it is the children that do not live in council estates are nasty to the council renters not the other way round.
Personally I will not be having my child avoid other children just because of how fortunate/unfortunate they are.

I don't know where you live but I live in South London. I have nothing against anyone and my eldest mixes with people from all walks of life. The reality is though that if we lived on an estate in our local area the likelyhood is my son would be in a gang and possibily dead by 17.

I've never lived on an estate but I suspect they are different now than they were 25 years ago especially in my area.

treliac

increased availability of credit

Stay_tonight_in_a_lie wrote: »

No not at all but can I leave you and treliac in charge of my welcome back thread in a couple of weeks as White hot day appears to have been ppr'd :cool:

Okay - it's just a holiday is it?

Really2

Emy1501 wrote: »

I don't know where you live but I live in South London. I have nothing against anyone and my eldest mixes with people from all walks of life. The reality is though that if we lived on an estate in our local area the likelyhood is my son would be in a gang and possibily dead by 17.

I've never lived on an estate but I suspect they are different now than they were 25 years ago especially in my area.

Well yes, it is a bit different in the sticks.

lostinrates

stay, you'll have to tell us who you are if you want a welcome back.

I just typed a furious post about social interactions, and the poverty of denying kids variable exposure (whether that be with poorer/richer/taller/more intelligent/less able/more able/white, blacker or whatever) and lost it in my temper. And then the temper...whoosh..disappeared.

baileysbattlebus

ukcarper wrote: »

I'm not saying the 70s were that hard it was afterall easier to buy a house. What gives yo the idea most people left home before they were 20 one factor was that people got married a lot earlier I got married at 22 my wife was 20 and most of my friends did the same.

Most people lived at home until they married - people generally didn't live together - I got married in 1975 - I had just had my 21st birthday and OH had been 21 6 months earlier. My sister married at 21 in 1978.

Don't forget a lot of young people were apprentices (in my neck of the woods anyway) and they didn't come out of that until they were about 21 or 22 - and for most of that time earned peanuts. You couldn't join the police or fire service until you were 21. There were no high paying IT jobs for young people - and they tended to not to earn a lot.

You could get private rentals - but it was usually through word of mouth where we lived - council property was relatively easy to get.

Homeownership at 21 for most of the people I knew was out of the question - they didn't earn the money. Setting up a home was an expensive business then - no Ikea or anything like that. Just getting your furniture could take a couple of years or more.

Credit was tightly regulated and you generally needed a fairly hefty deposit if you bought anything on hp and often a guarantor.

A lot of people didn't have a lot of money to spare or to save through out quite a lot of the 1970's. By 1978 things were a lot better.

If we could have afforded it we could have bought a house where we lived for less than £9k in 1975 by the time we could afford it in 1982 we were looking at £25k and were stretched to pay that - and we were in a cheaper area - West Lothian as opposed to North Tyneside.

The average wage for a normal worker was about £50 per week in 1975 and just over half of that for a woman - and that was for over 21's - neither OH or I were on any where near the average wage in 1975 - and £9k for a house for us just not an option. None of the young people I knew then were on anything remotely resembling £50 per week a lot were on about £30 and us girls on a quite a lot less.

bo_drinker

Didn't girls start a "bottom drawer" before they met a bloke. My parents bought their 1st house for about £2500 in the 70s.