We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Wage vrs House Prices
Comments
-
You hope. ..................0
-
It now takes 2 people to afford the same as one person could.
That's some progress.
That was inevitable once they changed the rules about not regarding married women's salaries for mortgage purposes.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
0 -
-
And what was the reason "they" did that then?
To reply properly to that would take an essay, which I haven't time to write. So I'll just summarise with two phrases: "rise of feminism over the 20th century" and "reliable contraception".Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0 -
............. b4stards."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
HtHoldings wrote: »Can you tell us your 2 mates earnings at those dates?
I would gues the first was about 3.5x earnings and the latter well almost double.
Logic implies house prices will fall to 3 or 4x average earnings.
Only if you think people on "average" earnings buy "average" houses.
But only 70% of people buy houses, over 90% earn.0 -
HtHoldings wrote: »Can you tell us your 2 mates earnings at those dates?
I would gues the first was about 3.5x earnings and the latter well almost double.
Logic implies house prices will fall to 3 or 4x average earnings.
Approx 20K in 2004 and hes now on 25K.
The average UK salary has changed very little in recent years where as house prices have doubled.0 -
Blacklight wrote: »It took massive restriction on the supply of credit,
No, the money ran out. To put it in laymans terms.
Banks will be required to hold more capital and lend less. Thats an indisputable fact.
We're in for a long slow road of recovery.0 -
Lower prices maybe?
Quite possibly. As housing is a major cost irrespective of whether you own or rent.
Cheaper housing costs means you don't have to earn so much to have the same standard of living.
For those without work or only able to get part time positions. Then life would be more manageable.
All in all a better quality of life and a healthy economy. Where lending is channelled to create wealth for the benefit of more.
Interesting piece I read at the weekend. A study in the USA has found that during the 30 years, 1977 to 2007. Around 58% of the wealth generated went to only 1% of population. No wonder the USA is a divided society.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards