Mainstream media article says it's not lending, its prices.

ukcarper

ultrawomble wrote: »

I don't find it hard to believe at all. But remember, as you show in your post here, current mortgage outgoings for an average mortgage on an average wage are nearly 50% of monthly takehome.

That was of our joint income both of us full time.

ukcarper

Percy1983 wrote: »

That is actually quite factual, I can see it in my local area of Oldham where up in the hills you have the nice parts like Saddleworth (full of nimbys I will add so nothing new gets built) where the youth are all coming down the hill to the less nice areas to buy as thats all they can afford.

But where were they living 40 years ago when they first bought.

Percy1983

ukcarper wrote: »

But where were they living 40 years ago when they first bought.

Not completely sure I don't have a passport to go up there, I do believe most of them have been there all there lives more or less.

I think they are the type who complain there is nowhere for there children to live and then complain when its proposed building some new houses.

LittleMissAspie

FTBFun wrote: »

You seem to be insinuating that the older generation gained an advantage purely through their age rather than hard work. I can tell you from my family's history that just isn't the case.

And I can tell you from my family's history that it is the case. If my sister and I pooled all our savings and salaries, we still couldn't afford the house that our dad bought in the early 1960s on his manual worker wages.

ukcarper

http://hansard.millbanksystems.com/written_answers/1974/jan/28/average-wage

The above link shows full time male in 1973 was £38.10 a week £1981 a year. Average house price Nationwide was £9000 = 4.54x

Average wage full time male now £35,814 ONS average house price Nationwide £161,000 = 4.49x

Early 70s was a hard time to buy as it is now but lets not assume it was always easy.

ukcarper

LittleMissAspie wrote: »

And I can tell you from my family's history that it is the case. If my sister and I pooled all our savings and salaries, we still couldn't afford the house that our dad bought in the early 1960s on his manual worker wages.

I would have thought most baby boomer wouldn’t have bought until the 70s the average house price according to Nationwide was £2943 at the end of 1963 and £9767 at the end 1972.

LittleMissAspie

ukcarper wrote: »

Average wage full time male now £35,814

See, where do they get their data from? Because that's the same as HOUSEHOLD income in South Cambridgeshire and it is affluent here.

http://www.cambridgeshire.gov.uk/business/research/economylab/labour/houseincome.htm

How can anyone tell which is right and how much people do actually earn? Maybe the arguments over averages are all pointless because none of the figures are even right.

LittleMissAspie

ukcarper wrote: »

I would have thought most baby boomer wouldn’t have bought until the 70s the average house price according to Nationwide was £2943 at the end of 1963 and £9767 at the end 1972.

I wasn't referring to baby boomers as my parents are pre-baby boom. Just that they had an advantage due to age rather than skill or hard work.

ukcarper

LittleMissAspie wrote: »

I wasn't referring to baby boomers as my parents are pre-baby boom. Just that they had an advantage due to age rather than skill or hard work.

I realise that but Percy seems to blame it all on the boomers.

shortchanged_2

LittleMissAspie wrote: »

See, where do they get their data from? Because that's the same as HOUSEHOLD income in South Cambridgeshire and it is affluent here.

http://www.cambridgeshire.gov.uk/business/research/economylab/labour/houseincome.htm

How can anyone tell which is right and how much people do actually earn? Maybe the arguments over averages are all pointless because none of the figures are even right.

It's likely to come from the MCTAVISH WEEKLY.