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Debate House Prices
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House prices 105x what they were in 1952
Graham_Devon
Posts: 58,560 Forumite
It's the Queens Jubilee soon, so what should we discuss?
House prices of course, and how we are all just so much better off.
So house prices have risen 105x since the Queen was coronated.£7 for each and every day since. This is classed as "profit".
They have risen 16x since her Silver jubilee in 1977. And looking at London on it's own? It will only cost you 135x what it did in 1952.
Personally, I'd like to see a mention of this in the Queens speech. Maybe encompassing the words "to infinity and beyond"!
I do notice a house in 1952 cost around the same as a pint and a packet of peanuts though.
House prices of course, and how we are all just so much better off.
So house prices have risen 105x since the Queen was coronated.£7 for each and every day since. This is classed as "profit".
They have risen 16x since her Silver jubilee in 1977. And looking at London on it's own? It will only cost you 135x what it did in 1952.
Personally, I'd like to see a mention of this in the Queens speech. Maybe encompassing the words "to infinity and beyond"!
I do notice a house in 1952 cost around the same as a pint and a packet of peanuts though.
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Comments
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Spot a pattern? Even the hump is in the same place.
Don't think the UK has increased it's land mass since 1952. Although my geography teacher was also the school chaplain so at best he was only 50% right.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
Graham_Devon wrote: »I do notice a house in 1952 cost around the same as a pint and a packet of peanuts though.
Wow really! There must be a massive number of people wishing they had cut down on the odd pint and bag of peanuts and bought a house instead back then. No wonder some say it used to be a lot easier earlier on.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 -
Unless we can all borrow geneers time machine and go back to 1952, I don't see the relevance of this thread, especially as most of us weren't even born then.
I dare say that if you go to to 1852, houses were cheaper still. My house was built in 1752. I bet I could have gotten it for a song!
Still the thread allows Graham to ghost out of the pension discussion thread after his embarrassing faux pas about QE... :rotfl:0 -
I couldn't have bought then, it was even before i was a twinkle in my Fathers eye.Liverpool is one of the wonders of Britain,
What it may grow to in time, I know not what.
Daniel Defoe: 1725.
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I dont suppose houshold income went up at all.0
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How much were people earning in 1952 and just how much was a pack of peanuts? In fact could you even get peanuts in a pack in 1952, the world has changed a lot in 60 years not all for the better some might say.
I bought a house in 1982 for £8500 my topline including my quarterly bonus was about that last month in 1982 I was bringing home about £30 a week. The house is now worth about £150k beyond the reach of most first time buyers round here.0 -
Graham_Devon wrote: »It's the Queens Jubilee soon, so what should we discuss?
House prices of course, and how we are all just so much better off.
So house prices have risen 105x since the Queen was coronated.£7 for each and every day since. This is classed as "profit".
They have risen 16x since her Silver jubilee in 1977. And looking at London on it's own? It will only cost you 135x what it did in 1952.
Personally, I'd like to see a mention of this in the Queens speech. Maybe encompassing the words "to infinity and beyond"!
I do notice a house in 1952 cost around the same as a pint and a packet of peanuts though.
Its also very similar to this exponential growth curve of bacteria.0 -
Some people appear to be taking this very seriously!!
"No no no, it didn't cost a pack of peanuts"....
Really!?! :undecided0 -
Rationing of basic foodstuffs didn't even finish after the war until 1954. And the whole country was busy building council houses.0
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