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Debate House Prices


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You aint seen nothing yet: Why house prices could fall another 20%

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Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 2 December 2010 at 12:50PM
    No I have said now for the 40th time that it is the growth of the middle class and part time jobs that brings the average wage to where it is.

    The upper classes have not really changed as a percentage of earners. 6,000 can hardly skew 30,000,000 that much.

    It stands to reason 10,000,000 earning less than £12K will have a greater drag than 6,000 earning £1M.

    I know you don't like maths but get your calculator on.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    FTBFun wrote: »
    The Tories may want lower house prices (do they?) but just talking about it isn't going to make any difference.

    Now if they relaxed planning permission and subsidised house building, we'd be talking.

    Good to see them 'walk the walk' :)

    News that councils in England are to get greater powers to stop developers building on gardens has been welcomed in one small corner of south-west London.

    http://www.bbc.co.uk/news/10275776
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker

    Dunno what all your guff is about with middle classes, makes absolutely no difference to these calculations, or the context in which we are talking.


    Caught the edit, so how are 10M part time workers relevant to a full time male wage in the 60s?

    Context!!!! you need to look it up, todays average wage (all jobs) is not the equal measure of a mans full time wage 50 years ago. (what was needed to buy a house)
    A mans full time wage now is?????
  • andykn
    andykn Posts: 438 Forumite
    Part of the Furniture Combo Breaker
    nicko33 wrote: »
    Or neither.

    No, it's a long term rising trend, like the two graphs I posted clearly show.
  • andykn
    andykn Posts: 438 Forumite
    Part of the Furniture Combo Breaker
    Thrugelmir wrote: »
    According to Oxfam more than 13 million people in the UK live in poverty. That's 20% of the population.

    Paints a totally different picture of the real situation in the UK.

    It does, but Oxfam aren;y being very honest. I think their figures are based on the work of the Joseph Rowntree Foundation who describe it thus:

    "In 2008/09, 13½ million people in the UK were living in households below the 60% low-income threshold after deducting housing costs. This is around a fifth (22%) of the population."

    More info here:

    http://www.poverty.org.uk/01/index.shtml?2
  • andykn wrote: »
    No, it's a long term rising trend, like the two graphs I posted clearly show.

    The trend is your friend.
  • andykn wrote: »

    "In 2008/09, 13½ million people in the UK were living in households below the 60% low-income threshold after deducting housing costs. This is around a fifth (22%) of the population."

    More info here:

    http://www.poverty.org.uk/01/index.shtml?2

    I wonder what the figures are for 2010?
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