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!
Land Registry up 0.4%
Comments
-
HAMISH_MCTAVISH wrote: »Still, + 0.4% is the strongest LR gain since January and shows the claimed falls in July reported elsewhere were false.
Perhaps Dirk/Carol can stop bumping them now.
otherwise they'll just throw another hissy fit and go off crying for attention
pmsl...0 -
Yes, but where the heck are people getting the money from to do so?
I heard something a while back, I think it was on newsnight, where the person talking said something like "in one of the deepest recessions in living memory, we have a situation where for most, it's meant they are better off than at any time over the last couple of decades".
I would think this is true...for those who have kept their jobs, who are afterall, in the majority.0 -
Graham_Devon wrote: »I heard something a while back, I think it was on newsnight, where the person talking said something like "in one of the deepest recessions in living memory, we have a situation where for most, it's meant they are better off than at any time over the last couple of decades".
I would think this is true...for those who have kept their jobs, who are afterall, in the majority.
I think that is true of most recessions GD, Inflation goes down, IR goes down etc.
For may of us it is our first real taste of it (as adults/workers), it is just an absolute killer for those that lose their jobs.0 -
Graham_Devon wrote: »I heard something a while back, I think it was on newsnight, where the person talking said something like "in one of the deepest recessions in living memory, we have a situation where for most, it's meant they are better off than at any time over the last couple of decades".
however, there will be scars in the economy that will come back to bite others.
it's good to see you feeling a bit better today.0 -
Wow look at London go! 1.6% M on M and 12.1% Y on Y!0
-
What is the average household income in your area?
I certainly agree that outside of the south east, house prices tend to be more supportable by incomes. IF I could land a job up north if I moved up there, we could certainly be able to afford much more bang for our buck than we can down here. However, it is very difficult to get a job at the moment to take that kind of risk.
So, how much is the average household income and unemployment in your area?
I live in Wokingham Council area.
Average (mean) male full time salary is £48k
Average (mean) female full time salary is £31k
I used table 8.7a from the list - Annual pay gross.
http://www.statistics.gov.uk/downloads/theme_labour/ASHE-2009/2009_res_la.pdf
Unemployment (claimant) count for Wokingham is 1.4%
Unemployment overall - 4.6%
Just pick your council from the list. The pay is different on the this to the ASHE figures - £41k and £32k
http://www.nomisweb.co.uk/reports/lmp/la/2038431754/report.aspx#tabempunemp0 -
Taking the median (more suitable!) average of all employees in Devon, the average wage is £23,556.
But it's ok, cus the average house price is £197,000
Only 8x earnings. Which isnt really all that bad, its actually quite good. I mean, it could be 9x average....that would be just silly0 -
Mortgage rates are low-ish, and rental yeilds are pretty good in the scheme of things. If you've got the deposit, the yeilds will work well for you. It has for us
I know I have several lifetime tracker mortgages (with no collar) believe me I am well aware of how low rates are at the moment.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
LR has a pretty big lag (3-4 months) over the Haliwide indices. Also while I think it is the most accurate measure of house prices it has limitations, for example new build, repossessions and probate sales aren't included.
Am I right in saying that this is a recent new change to exclude new build and repo's etc from the LR figures? (Browns thing to make the figures look nicer?)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards