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House prices 105x what they were in 1952

Graham_Devon · 2012-05-14 18:41:48

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…

Comments

StevieJ Posts: 20,174 Forumite

22 May 2012 at 4:07PM

ariba10 wrote: »

We we're married in 1951 and bought our house in 1952.--- £900..00 on a twenty year mortgage.

I was earning £6.20 for a 48hr week. ( Before deductions )

And we were called fools for putting a noose around our necks.

So it wasn't such a gimme back then as many on here would have you believe? hence only 31% home ownership back then, well done for taking the risk

'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
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