58% of properties can be bought by "average income"

Graham_Devon

LOL cleaver. He does have a point

All to do with the children and one of the parents working part time on average.

I just wish people would think of the children

abaxas

Cleaver wrote:

LOTS CUT
(ahem)

Phew.

Actually, are you sure it's not 5.332 x average income? I think you're looking at the Feb ONS report, whereas I have the March report. Makes a crucial difference.

I'm just saying that average household income is not the same as 2x average wages. Infact there is a huge difference between them.

Just had a look at the bbc and they think the average household income in 2007 was £32k.

So 160/32=5x combined salary.

PasturesNew

"Where I live" .... where I live, the average (median) salary for a full-time female is £16,500. Where I live, the average house price is £212k (source: Zoopla maps showing averages).

Expanding the map to a 50 mile radius, the cheapest average is £161k. Same for 100 mile radius, 150 mile radius .... have to go 200 miles minimum for any average to show lower than that. Bit of a commute....

Cleaver

PasturesNew wrote: »

"Where I live" .... where I live, the average (median) salary for a full-time female is £16,500. Where I live, the average house price is £212k (source: Zoopla maps showing averages).

Expanding the map to a 50 mile radius, the cheapest average is £161k. Same for 100 mile radius, 150 mile radius .... have to go 200 miles minimum for any average to show lower than that. Bit of a commute....

And yet presumably all the houses where you live are owned by seemingly normal people. It's a weird old world we all live in.

PasturesNew

Cleaver wrote: »

And yet presumably all the houses where you live are owned by seemingly normal people. It's a weird old world we all live in.

No they're not.

Couples who bought a few years ago are doing OK, business owners/B&B owners are doing OK... but most single people are living in HMOs or even in sheds - and have been for the last few years. Lots of single people living in illegally converted garages and common garden sheds around here. Lots of illegal landlords that take cash in hand while you're in work, but the minute the (seasonal) job finishes you're out on your ear because they're operating cash-in-hand rooms.

Also, a lot of people sharing rooms. My ex neighbour had 24 in his house. 4-6/room.

Cleaver

PasturesNew wrote: »

Couples who bought a few years ago are doing OK, business owners/B&B owners are doing OK... but most single people are living in HMOs or even in sheds - and have been for the last few years. Lots of single people living in illegally converted garages and common garden sheds around here. Lots of illegal landlords that take cash in hand while you're in work, but the minute the (seasonal) job finishes you're out on your ear because they're operating cash-in-hand rooms.

Also, a lot of people sharing rooms. My ex neighbour had 24 in his house. 4-6/room.

Lots of people living in sheds? Where on earth do you live?

silvercar

PasturesNew wrote: »

"Where I live" .... where I live, the average (median) salary for a full-time female is £16,500. Where I live, the average house price is £212k (source: Zoopla maps showing averages).

The average single female isn't buying an average home.

HAMISH_MCTAVISH

abaxas wrote: »

I'm just saying that average household income is not the same as 2x average wages. Infact there is a huge difference between them.

Just had a look at the bbc and they think the average household income in 2007 was £32k.

So 160/32=5x combined salary.

You're confusing "income" with "salary".

The average household income is around 32K. But that includes all the pensioners and unemployed who will not be home buyers.

When you strip out the lowest quintile, who are unemployed or pensioners, and then the next quintile who are the low earners in primarily council or social housing, you are left with a significantly higher average houshold income amongst likely house buyers.

Graham_Devon

HAMISH_MCTAVISH wrote: »

You're confusing "income" with "salary".

The average household income is around 32K. But that includes all the pensioners and unemployed who will not be home buyers.

When you strip out the lowest quintile, who are unemployed or pensioners, and then the next quintile who are the low earners in primarily council or social housing, you are left with a significantly higher average houshold income amongst likely house buyers.

Hamish.

The income levels are based on jobs I believe. Not benefits, pensions etc.

It's why the measure household income levels on full and part time.

You do not see any reference in any of the income levels to anything else, but those.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Hamish.

The income levels are based on jobs I believe. Not benefits, pensions etc.
.

Really?

Pretty sure chucky has a graph showing household income by quintile, including benefits and tax credits, that seems to indicate a much higher average income for the top 3 quintiles, ie, those in full time employment.