This could be a mistake!

RenovationWoman

RenovationMan wrote: »

It feels like my birthday every BoE rate meeting. Perhaps instead of a cake, you could simply raise a glass of something tasty to the toast of the board, Reno man!

:beer:

RenovationMan wrote: »

This is excellent news as far as my house renovations and mortgage overpayments are concerned. I'm hoping GD is correct in his prediction.

:beer:

RenovationMan

Oh, how intimidating. He's logged into one of his other usernames to get me back! :rotfl:



Deary me, what a sad, sad act.

Pobby

Still is very hard to say. The way forward is unknown. Was only just over 15 years ago you could get a very nice 3 bed terrace in Reading for about £44 k . Close to London, jobs aplenty Very doable and I liked it. Same place is banging on £160k . Now I don`t see that inflation has covered that .

It was a shift into housing investment . The very thing that Nu Labour was going to control . Oh dear no.

chucknorris

chewmylegoff wrote: »

Done. I will hold you to this.

That's a good bet, I would have laid him 3 twixs' to one orange kitkat. You can always 'arb' with me if you like. I'll lay you 1.5 twixs' to half an orange kitkat.

StevieJ

coastline wrote: »

All the housing corrections since 1945 have ended with average earnings to house prices at 3 or 4 times...theres a few links to be posted somewhere..

this one is only from 1980..

http://blogs.thisismoney.co.uk/2010/04/house-prices-vs-average-earnings.html

I like that this one, like women sat at home with their feet up pre 1997 and hubby was the only one bringing home the bacon, oh so Mills and Boon

The house price boom from 1997 onwards has led to a shift in attitudes and most households now require two earners to buy a home, as evidenced by Council of Mortgage Lending figures which show the average buyer has a £41,650 joint or individual income.

suburbanwifey

StevieJ wrote: »

I like that this one, like women sat at home with their feet up pre 1997 and hubby was the only one bringing home the bacon, oh so Mills and Boon

But pre-1997 a large portion of women did stay at home and hubby was the only one bringing home the bacon. I lived in a nice area where most of the wives didn't work and mortgages were got on hubby's wage only. If wifey went out to work, it was part-time for extras like treats, holidays, new car etc, not essential just to get by as it is nowadays for two to work in a couple. Pre-1997 was a much easier life for most I think and obviously houses were more affordable.

Mills & Boon like? probably lol (a lot of my friends read that toss too, not me though *barf*)

StevieJ

suburbanwifey wrote: »

But pre-1997 a large portion of women did stay at home and hubby was the only one bringing home the bacon. I lived in a nice area where most of the wives didn't work and mortgages were got on hubby's wage only. If wifey went out to work, it was part-time for extras like treats, holidays, new car etc, not essential just to get by as it is nowadays for two to work in a couple. Pre-1997 was a much easier life for most I think and obviously houses were more affordable.

Mills & Boon like? probably lol (a lot of my friends read that toss too, not me though *barf*)

Not actually true for the majority, it may well have been true in Wagland probably still is in fact, in 1988 when I bought my first home, pairs of couples were buying houses together and using four incomes :eek: BTW not only did both my parents work but so did both my grandparents.

suburbanwifey

StevieJ wrote: »

Not actually true for the majority, it may well have been true in Wagland probably still is in fact, in 1988 when I bought my first home, pairs of couples were buying houses together and using four incomes :eek: BTW not only did both my parents work but so did both my grandparents.

Back then I wasn't in Wagland :cool: You do make stereotypes on here don't you LOL

suburbanwifey

I bought my first home with my Policeman husband when I was 18, I stayed at home, he worked. I had no children. We got our mortgage on his wage only, Police was Wagland? a neighbour, her hubby worked in the shipyards, she stayed home. Shipyards was Wagland?

StevieJ

suburbanwifey wrote: »

I bought my first home with my Policeman husband when I was 18, I stayed at home, he worked. I had no children. We got our mortgage on his wage only, Police was Wagland? a neighbour, her hubby worked in the shipyards, she stayed home. Shipyards was Wagland?

Shipyards are not Wagland but neither is Fishing-land and I am pretty sure that you could afford this on one wage today

http://www.rightmove.co.uk/property-for-sale/property-22859715.html