Historical House Affordability

nearlynew

Cleaver wrote: »

You're 46 years old, drunk and typing 'inflation is theft' in to an internet forum for the benefit of a Scottish man you've never met who has a weird unhealthy infatuation with house prices. C'mon man, pull yourself together. Have a kebab and watch Match of the Day like a normal bloke.

Kebab?

F*ck off.
I don't eat that !!!!!!.

I made sure she was home in time to cook my supper.

Cardiff City 2 - Swansea City 1

Come on the bluebirds.
Premiership here we come.

LydiaJ

carolt wrote: »

Same here - my parents bought same year, cost £2000, c 3 x salary of my dad's salary only - a manual worker. My mum did work but her salary wasn't allowed to be taken into account. Would now cost 500K plus.

They actually sold that house almost immediately - never moved in - as my grandfather came into some money, and decided to buy a bigger house with them for £4000 (he lived with them for many happy years until he had to go into a nursing home). They still live there; houses in their road now all cost 1 million plus.

So an identical rate of increase to Lydia's parents, and similar lack of 'stretching' to buy.

It wasn't a starter home, either, by any stretch of the imagination. He was 33, she was 30, they'd been married 3 years and had one toddler at that point. He was a junior (but tenured) lecturer at a university. They bought a Victorian 5 bedroom semi (that's 5 double bedrooms) in a nice suburban area of a provincial city. OK, so they had very little furniture to start with, and let the upstairs to another couple for the first few years, but all the same....

nearlynew

I love rewired.

Davesnave

ukcarper wrote: »

1959
The average male manual worker earns £13 2s 11d (about £13.15) a week

Found this on another site about £680 a year seems more like it and would seem to tie in with carolt's figures

My Dad was a self-employed manual worker, though in '59 he bought a shop, which didn't supply a great income either! We were then renting half a Queen Anne house from an old couple who were on their beam ends, a bit like us.:(

In 1960, two parts of the old house began to collapse, but the old couple didn't have the wherewithal to fix it, so Dad put all his savings together and was able to offer £1000 for it. They accepted and moved out to an old person's bungalow. About 5 years later, Dad had fixed the house up and most bits he did are still there, judging by the EA photos I downloaded.

According to Nethouseprices, the house last sold in 2006 for £263k, though it was on the market more recently at £300k, and has sold again, judging by the amount of building work in progress when I passed it.

Perhaps Dad's fixing-up is due for renewal!

andykn

DaddyBear wrote: »

Whilst that is true I would argue that the cost of living is currently much higher.
Council tax vs rates
huge increase in energy and water bills
national insurance
petrol prices

I doubt Council tax is much higher than rates, our rates for a 3 bed flat in Walthem Forest in 1988 were just under 500 quid a year.

National Insurance isn't much higher whereas Income Tax is far lower.

And I doubt energy, water or petrol is that much higher than 20 years ago compared with wages, wages have risen faster than prices for years.

andykn

Cleaver wrote: »

That bank of Mum and Dad has to run out soon...

But house price inflation has stocked up Grandparent bank...

ukcarper

In the mid 70s petrol was about 34p if my memory serves me right it's about £5.40 where I am now about 16x more was earning about £2k then same job pays about £30k now so not much difference really.

I might be wrong I have been reliably informed it was 50p in 1974 .

ukcarper

andykn wrote: »

But house price inflation has stocked up Grandparent bank...

But it's not in a easy access account

Rinoa

nearlynew wrote: »

Come on the bluebirds.
[STRIKE]Premiership[/STRIKE] Administration here we come.

That's the more likely outcome. :rotfl:

Homersimpson

HAMISH_MCTAVISH wrote: »

Average house prices from 1970 til 2000......

1970 4,975
1971 5,632
1972 7,374
1973 9,942
1974 10,990
1975 11,787
1976 12,704
1977 13,650
1978 15,594
1979 19,925
1980 23,596
1981 24,188
1982 23,644
1983 26,471
1984 29,106
1985 31,103
1986 36,276
1987 40,391
1988 49,355
1989 54,846
1990 59,785
1991 62,455
1992 61,336
1993 62,333
1994 64,787
1995 65,644
1996 70,626
1997 76,103
1998 81,774
1999 92,521
2000 101,550

The more interesting series is as follows......

1970 4,975

1980 23,596

1990 59,785

2000 101,550

2010 167,000

The increases over the last decade are far from exceptional.......

Interesting information, is there anyway of compairing these costs to something tangible like a loaf of bread or pint of milk?