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Debate House Prices
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Fantasy house prices
Comments
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Why are you ignoring deposits in your math?
If someone puts 30k down that changes things. You're also ignoring that many will be couples or simply firends sharing when purchasing. This changes the math even more dramatically.
Why should a single person on 15k be able to buy the average house??!?!? that's just complete tosh and if you think that then you're living in some strange other-worldly utopia.
People can bleet on about income multiples and measures of affordablility all they want but there are so many other factors driving house prices.0 -
'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 Thatcher0
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When was that in the fifties
Actually, in the early 1950's house prices were at 4 times average male (mean) full time income.
Today, they are at 4.3 times average male (mean) full time income.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Interest rates were also a lot higher than today in the 1950's:
http://www.economywatch.com/interest-rates/uk-interest-rates.html0 -
So where is the money to have kids? Or must the woman work just after they are born.
We both worked and put away one full income into our property.
By the time we were ready to have kids the mortgage on the property was sustainable on one income.
Why do so many people want / expect to have it all on day one?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Brilliant.
A FTB earning just above minimum wage expects to buy a typical average 3bed semi detached house. Sod the 1 bed flats and the likes, just go straight for the family home.What a lot of nonsense.
Said it a million times before...
Mr average earns £26k
Mrs average earns £26k
Mr and Mrs average hit it off and have £52k between them and house prices of £150k are way less than 3x and easily affordable
Thing is, we can all put spin on things
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HAMISH_MCTAVISH wrote: »Actually, in the early 1950's house prices were at 4 times average male (mean) full time income.
Today, they are at 4.3 times average male (mean) full time income.
Whereas if you do the calculation using median (prefered by the ONS) you get a ratio of about 6.1 (Income 27k - National Statistics, average house price 169k - Halifax).
But this calculation method wouldn't suit the bulls message so it's ignored
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IveSeenTheLight wrote: »We both worked and put away one full income into our property.
By the time we were ready to have kids the mortgage on the property was sustainable on one income.
Why do so many people want / expect to have it all on day one?
Lets be fair to the current generation, they are having to fund their own education. Coming out of Uni with 1000s of debts. Previous generations had free education. No wonder the average age of FTB are going up, by the time they have paid of the uni debts and saved for a deposit they don't have that many more fertile years left to have a family.0 -
stueyhants wrote: »Lets be fair to the current generation, they are having to fund their own education. Coming out of Uni with 1000s of debts. Previous generations had free education. No wonder the average age of FTB are going up, by the time they have paid of the uni debts and saved for a deposit they don't have that many more fertile years left to have a family.
Don't agree with this.
I had to fund my own further education via open university.
My wife went through uni and only aquired a very small debt (less than £3,000)
One of my brother's is half way through third year and doesn't have uni debt. Why? because he's maintained a decent part time job throughout.
I do know many others that choose to take on debt as a student and wasted it on top of the range computers (one student I know bought a PC for over £1,000 so he could play games:eek:) or clothed or going out.
Some used it for rent, food etc
I've seen that a university education does not have to be burdened with debt. You choose to accept the debt path or a path of paying it off via a part time job or once you start earning.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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