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Debate House Prices


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Albert Square ... How Do They Afford Their Houses?

PasturesNew
PasturesNew Posts: 70,698 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
edited 6 December 2009 at 5:26PM in Debate House Prices & the Economy
I've always wondered t his. You can be a part-time market stall worker, few extra shifts at the pub, yet still you can afford your rent and to go out and buy stuff.

How do they do it?

Can anybody here guess how much any one individual's/family's house costs to either rent or buy (depending on if they own it or not) ... how much they earn from what they do - and how the figures match?

I've wondered this since single mother Michelle Fowler, who was a full-time student at the time, managed to raise a mortgage to buy the whole house she was living in, for (from memory) £70k in the early 90s. At the time I was working full-time and there's no way I'd have been able to get a mortgage anywhere near that much.

Edit: Here's a list of all the houses/history I just found: http://en.wikipedia.org/wiki/Wikipedia:WikiProject_EastEnders/List_of_residences_in_EastEnders
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Comments

  • Properties in an area with such a high murder rate are always going to be cheap.
  • oldMcDonald
    oldMcDonald Posts: 1,945 Forumite
    Sweetie, Eastenders isn't real :D:p


    I assumed most of them were rented or inherited (such as the Fowlers house and....um....actually, I have no idea what's going on as I've not watched it for years - too much !!!! in my own life without having to watch other peoples :) )
  • maxtweenie
    maxtweenie Posts: 1,302 Forumite
    1,000 Posts Combo Breaker
    Personally, I want to know where I can buy a house like Charlie Slater with a never ending number of bedrooms. At one point there seemed to be Charlie, his 4 daughters, Big Mo, Stacey and god knows who else living in there. :rotfl:
  • juicygirl
    juicygirl Posts: 658 Forumite
    Part of the Furniture Combo Breaker
    I've thought about that so many times too!! Tanya and Max, who are never at work but have that big house, the Slaters - 4 adults and only 2 work, one a taxi driver and the other selling cheap clothes on a market stall.....

    .......and then I reminded myself it's not real :D
  • shop-to-drop
    shop-to-drop Posts: 4,340 Forumite
    Perhaps Dirty Den had slipped Michelle something again.
    :j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)
  • What do you all mean? Of course it's real.

    Isn't it?
  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    What do you all mean? Of course it's real.

    Isn't it?
    No... and the quicker people realised this the better !!!!!! :confused: It's as true to life as they go about 20 yards to Kaffs caff for a cup of rosey.
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
  • shop-to-drop
    shop-to-drop Posts: 4,340 Forumite
    It is important though in a way as it gives young people an unrealistic view of life. I also remember watching when Tiff as a teenage mother had her newborn and was sat in the cafe with Bianca all the time, never a peep out of the baby. I had a newborn myself and thought it completely unrealistic. The baby would need attending to and the home. Also how could she afford to waste money like that. I thought no wonder so many teenage girls were choosing to get pregant as it looked like a real easy life.
    :j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sweetie, Eastenders isn't real :D:p


    I assumed most of them were rented or inherited (such as the Fowlers house and....um....actually, I have no idea what's going on as I've not watched it for years - too much !!!! in my own life without having to watch other peoples :) )
    Well, I did just find out that Ian Beale got his house for free because he inherited it from Pauline Fowler. So that's one down. Free house means he'd just have to make minimum wage ... but he owns businesses so has more than enough.

    But aren't rents in London supposed to be expensive... and yet most of that lot seem to have whole big houses.
  • ses6jwg
    ses6jwg Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    What I find quite funny, is they live in one of the biggest cities in the world, with an extensive public transport network, yet when people like Billy are out of work they can't seem to bear looking for a job anywhere outside the square.

    Very unrealistic indeed.
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