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Debate House Prices
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House Prices vs earnings
Comments
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Why not take the average of the people that 'should' be able to buy a house.
Probably because that will always prove the point that houses are affordable.
The group you want to look at could continually shrink in numbers as more and more fall out of the affordability range, but the headline figure, using percentages would still say the same thing.
That's the current problem with the banks affordability ratios, looking at people who bought, and therefore, can afford to buy.0 -
Why not take the average of the people that 'should' be able to buy a house.
Houses are often brought with dual incomes these days. It is conceivable that looking at single incomes is irrelevant or that the second income may be a low income but is still part of the equation.
People in the NE still buy property and income levels their are lower, but then so are house prices.
I guess that is why average is commonly used. As long as the same data set is used successively does it really matter for the purpose of general discussion?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Yes you're right, only people that can afford to buy a house will be able to buy a house.Graham_Devon wrote: »Probably because that will always prove the point that houses are affordable.
Comparing house prices to the single salary of a minimum wage employee probably isn't relevant and makes the graph pretty pointless.0 -
Yes you're right, only people that can afford to buy a house will be able to buy a house.
Comparing house prices to the single salary of a minimum wage employee probably isn't relevant and makes the graph pretty pointless.
No it doesn't.
Yout theory completely ignores the point that the minimum wage worker still needs somewhere to live.
That's not to say he's going to buy a house, but he will need to rent one, or come up with some kind of solution. The higher prices go, the higher rents go.
So it's hardly of irrelevance, you just want it to be so as you have some kind of weird theory that growing numbers in society should be priced out while a graph says everything is pretty and lovely.0 -
Has the government stopped people renting then?Graham_Devon wrote: »No it doesn't.
Yout theory completely ignores the point that the minimum wage worker still needs somewhere to live.
I've never said, you're either making things up or lying again.Graham_Devon wrote: »you have some kind of weird theory that growing numbers in society should be priced out.
How about we discuss things I actually posted instead of what you try and muddle Mr Muddle?0 -
Has the government stopped people renting then?
I suggest you read the rest of my post.
You may be able to cut the post off mid flow, but everyone can see with their own eyes what was written and how that covered your rather bizzare little comment.
Edit: I see were straight back to the fallback position of "Mr Muddle". Fantastic. Every single time you find yourself stuck, back to the same olf tired nonsense...0 -
You're at it already muddling your way trying to prove your desperate point.Graham_Devon wrote: »I suggest you read the rest of my post.
You may be able to cut the post off mid flow, but everyone can see with their own eyes what was written and how that covered your rather bizzare little comment.
Edit: I see were straight back to the fallback position of "Mr Muddle". Fantastic. Every single time you find yourself stuck, back to the same olf tired nonsense...
Try and debate the facts not your warped life experiences that give you such a poor pessimistic negative outlook on life due to your own inadequacies.
Let's try again, why should a minimum wage workers salary be compared to house prices when only about 65% of people own property, mostly through dual incomes I imagine.
Try and debate the facts, give it a go. You'll probably learn something..0 -
Let's try again, why should a minimum wage workers salary be compared to house prices when only about 65% of people own property, mostly through dual incomes I imagine.
So minimum wage, lowly paid workers don't feature as second incomes?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
You've broken down Devon's flawed argument nicely. The graph looks at single average nominal earnings not dual incomes. As I said the graph compares oranges and apples.grizzly1911 wrote: »So minimum wage, lowly paid workers don't feature as second incomes?0 -
You've broken down Devon's flawed argument nicely. The graph looks at single average nominal earnings not dual incomes. As I said the graph compares oranges and apples.
If those NMW/low income workers form part of the pot (as part of a dual income to make up the 65/-70% of homeowners) then why shouldn't they be included in average wages as a comparison? As long as the same method of average is used each time."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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