Who'd vote for lower house prices? Not many...

Graham_Devon

the_flying_pig wrote: »

a fun job for someone.

Yer....

I'm out!

ukcarper

coastline wrote: »

In the 1980's my aunt...who'd moved south when she was young....showed me her estate agents advert for her house...
She lived in Raynes Park..Wimbledon area...£13,800..

What you have to realise is that house prices have gone up and down in the 80s for instance they varied from almost 5x earnings to 3.5x earnings

ukcarper

My first house in the 70s was £8k now about £200k average price when I first bought £6.5k now £160k so not much in it. In the South East Nationwide figures.

coastline

ukcarper wrote: »

What you have to realise is that house prices have gone up and down in the 80s for instance they varied from almost 5x earnings to 3.5x earnings

The £13,800 I've quoted would have been around 2x in the London area...about 1980.
This is the street...same kind of house ...;)

http://www.rightmove.co.uk/property-for-sale/property-33940951.html

coastline

ukcarper wrote: »

My first house in the 70s was £8k now about £200k average price when I first bought £6.5k now £160k so not much in it. In the South East Nationwide figures.

I could have bought that £8k house for 2x wage...but I don't earn £100k today...not even half..

ukcarper

coastline wrote: »

The £13,800 I've quoted would have been around 2x in the London area...about 1980.
This is the street...same kind of house ...;)

http://www.rightmove.co.uk/property-for-sale/property-33940951.html

The average house price for England and Wales was £23k in 1980 I paid £33k for a 2 bed terrace in Woking in 1983. Raynes Park has always been a lot higher that the average or Woking so they must have got a very good bargain.

I was Working in Wimbledon at the time and if I could have got a house cheaper in Raynes Park than Woking I would have

Graham_Devon

ukcarper wrote: »

My first house in the 70s was £8k now about £200k average price when I first bought £6.5k now £160k so not much in it. In the South East Nationwide figures.

Theres a lot in it when you work out the wage difference back then on the 1.5k and now on the 40k. Again, you have to look just a tiny bit deeper.

Graham_Devon

ukcarper wrote: »

The average house price for England and Wales was £23k in 1980 I paid £33k for a 2 bed terrace in Woking in 1983. Raynes Park has always been a lot higher that the average or Woking so they must have got a very good bargain.

And now, woking average house price is £353,000. Kinda proving the point.

ukcarper

Graham_Devon wrote: »

Theres a lot in it when you work out the wage difference back then on the 1.5k and now on the 40k. Again, you have to look just a tiny bit deeper.

I was just replying to how average house price in the 70s compared to now they look pretty similar.

That house was cheaper in relation to earning back then compared to now. ithink if it had just kept up with earnings it would be worth about £160k

Graham_Devon

Anyway carper, you are letting too much out of the bag here fella!!

You often tell us how much of a struggle it was to buy then....no different to now. Indeed, that's where this thread started. You tell us that FTB's should not be looking to buy the average house, but a FTB house.

It appears now, you bought over average on both properties you have told us about....but we shouldn't whinge, as it was hard back then....

Just saying.

I'm glad we have had, and you have taken part in this discussion, as I feel were a bit further on, and you have little option but to agree it's quite a lot harder now than made out previously. I'd hope you bare this in mind next time a house price discussion comes up and you talk about 1973 and the average being the same as now!!