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Debate House Prices


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House Prices Simply Too Expensive For The Young

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Comments

  • B_Blank
    B_Blank Posts: 1,105 Forumite
    ukcarper wrote: »
    Lets try full time £22.4k 4.9x I believe halifax use male mean full male which is £24k. Not much good if your a femail I agee but i just trying to compare with long tern figures.

    Use average male then but the average house price should be 4x the average salary NOT the average full time male salary. If you are using average full time male salary then the average house needs to be closer to 3x. Simple really
    I am not a financial expert, and the post above is merely my opinion.:j
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ukcarper wrote: »
    Lets try full time £22.4k 4.9x I believe halifax use male mean full male which is £24k. Not much good if your a femail I agee but i just trying to compare with long tern figures.

    Your're wasting time on this one,the perfect utopia in here is 15k single income home ownership.
    Official MR B fan club,dont go............................
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ess0two wrote: »
    Your're wasting time on this one,the perfect utopia in here is 15k single income home ownership.
    A studio should be achievable for these people. Then, maybe they can pay that down and trade up to a 1-bedder before they're too old for another mortgage.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    B_Blank wrote: »
    Use average male then but the average house price should be 4x the average salary NOT the average full time male salary. If you are using average full time male salary then the average house needs to be closer to 3x. Simple really



    Halifax have always used 4x male full time so if you to compare with long term average it doesn’t make sense to suddenly use overall mean.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    B_Blank wrote: »
    The facts are housing is at least 30% higher than what long term average suggest they should be. This is just the way it is. Is it wanting it all to want housing to come down? Not really. Is it wanting it all to want housing to stay overvalued (by statistical fact not by idiot opinion)? More so.

    According Halifax house prices are 12% above long term average.
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    Joeskeppi wrote: »
    Conrad, FTB properties are 4 bed detached with a garage.

    I think you mean 4-bed semi with a garage. Mine was. ;)
  • B_Blank
    B_Blank Posts: 1,105 Forumite
    ukcarper wrote: »
    Halifax have always used 4x male full time so if you to compare with long term average it doesn’t make sense to suddenly use overall mean.

    Yes but that figure has no factual and statistical basis. I could say that I am going to use 100x a males full time salary, but it wouldnt mean it has any relation to what long term averages are.
    I am not a financial expert, and the post above is merely my opinion.:j
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    B_Blank wrote: »
    Yes but that figure has no factual and statistical basis. I could say that I am going to use 100x a males full time salary, but it wouldnt mean it has any relation to what long term averages are.

    I'm not sure whose worst people like Conrad who say it's easy to buy or people like you that say house prices are more overpriced than they are. If you don't like halifax figures explain why or show me some better ones.
  • B_Blank
    B_Blank Posts: 1,105 Forumite
    edited 10 March 2011 at 12:07AM
    ukcarper wrote: »
    I'm not sure whose worst people like Conrad who say it's easy to buy or people like you that say house prices are more overpriced than they are. If you don't like halifax figures explain why or show me some better ones.

    Never mind, I cant be bothered
    I am not a financial expert, and the post above is merely my opinion.:j
  • TighterThanTwoCoatsOfPain
    TighterThanTwoCoatsOfPain Posts: 860 Forumite
    alexlyne wrote: »
    This post could have been created any time in the last 3 years.

    and much before that... I bought around 2000 and it was seriously tough for me... I stretched myself beyond belief, had a night job.

    Never at any point in history has a "average" FTB been able to buy an "average" house.

    As a side, it makes my smile every time i read about mortgages hitting a dizzy height of 5% +... My first mortage with A&L had a SVR of over 7%. :money:
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