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Debate House Prices


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If average houses where 3 x salary would you buy (q to renters)

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Comments

  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    The continued assumption or inference that FTB's can afford an "average" house continues to confound me.

    I bought my first house in 1973. Records show [Nationwide HPI] that "average" house price - at the very time I successfully bought my first house - were 6.54 times my (then) salary.

    Working back from today's average house price of £165K, then this is equivalent to an aspiring houseowner today earning about £25,600 - or about average salary.
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    Most of the so called bears are on income support or credit black listed.

    Silly question when you think about it.
    We love Sarah O Grady
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