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Debate House Prices
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You have it SO much better than previous generations...
HAMISH_MCTAVISH
Posts: 28,592 Forumite
From the ONS......
Housing, water and fuel now represent 21% of domestic household expenditure compared with 15% in 1970.
So yes it's more, but not a lot more.
But.......
Food and drink now represent just 9% of domestic household expenditure compared with 21% in 1970.
Clothing and footwear now represent just 5% of domestic household expenditure compared with 10% in 1970.
Alcoholic drinks and tobacco now represent just 3% of domestic household expenditure compared with 8% in 1970.
Housing, water and fuel now represent 21% of domestic household expenditure compared with 15% in 1970.
So yes it's more, but not a lot more.
But.......
Food and drink now represent just 9% of domestic household expenditure compared with 21% in 1970.
Clothing and footwear now represent just 5% of domestic household expenditure compared with 10% in 1970.
Alcoholic drinks and tobacco now represent just 3% of domestic household expenditure compared with 8% in 1970.
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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This would be great, but unfortunately we spend 83.6% of our net income on our interest only mortgage. It's a nice place though, and we hope to buy the other 50% of the property from Galliard Homes when I get a payrise next year.0
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Good stuff.
What did debt repayments take as a total household expenditure in 1970 compared to today?
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HAMISH_MCTAVISH wrote: »From the ONS......
Housing, water and fuel now represent 21% of domestic household expenditure compared with 15% in 1970.
So yes it's more, but not a lot more.
But.......
Food and drink now represent just 9% of domestic household expenditure compared with 21% in 1970.
Clothing and footwear now represent just 5% of domestic household expenditure compared with 10% in 1970.
Alcoholic drinks and tobacco now represent just 3% of domestic household expenditure compared with 8% in 1970 .
Is it just coincidence that the goods in bold above are all now grown/picked/produced/packaged by slave labour.
That's hardly progress McTittish."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
What about the cost of luxuries now compared to 1970?
Back in 't day a decent tv would be several months wage, but now you can grab one off ebay for less than a days pay.0 -
I disagree totally.
You just have to get by with what you have in each generation.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
HAMISH_MCTAVISH wrote: »Housing, water and fuel now represent 21% of domestic household expenditure compared with 15% in 1970.
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Really don't see how these percentages actually say whether we are better or worse off, to be honest. Surely what matters is how much pie we have, not how its split up?“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
HAMISH_MCTAVISH wrote: »From the ONS......
Housing, water and fuel now represent 21% of domestic household expenditure compared with 15% in 1970.
So yes it's more, but not a lot more.
But.......
Food and drink now represent just 9% of domestic household expenditure compared with 21% in 1970.
Clothing and footwear now represent just 5% of domestic household expenditure compared with 10% in 1970.
Alcoholic drinks and tobacco now represent just 3% of domestic household expenditure compared with 8% in 1970.
How about stealth taxes? Significantly higher now than in 1970 I bet.0 -
Yes but households now are generally 2 incomes rather than the 1 you could get by on in 1970.0
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