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When America sneezes the whole world crashes a cold ;)
Comments
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One thing you certainly don't see in the USA is the 20+ year olds having mental breakdowns because they can't buy a house. They are all quite happy renting nice flats in a block with other single guys/gals, communal swimming pool and exercise room. Buying a house doesn't even enter their mind until marriage and children. Even then, it isn't a major concern until later.
I totally agree. I didn't seriously think about buying property till I got married, in my early 40s. By then, I had a good lump sum saved up. Until then, I was quite happy to rent. It depresses me when I see kids in their 20s freaking out because they can't buy a detached house for peanuts.
People grumble about London house prices but they've always been expensive. I remember in the 80s, noticing that the house next door (modest 3 bed semi) to the one I was renting was on the market for £80,000.It might sound cheap but I was earning £7,000 at the time. Work out the differential -- we were priced out back then just as much as people wanting to buy in London today."I don't mind if a chap talks rot. But I really must draw the line at utter rot." - PG Wodehouse0 -
I totally agree. I didn't seriously think about buying property till I got married, in my early 40s. By then, I had a good lump sum saved up. Until then, I was quite happy to rent. It depresses me when I see kids in their 20s freaking out because they can't buy a detached house for peanuts.
People grumble about London house prices but they've always been expensive. I remember in the 80s, noticing that the house next door (modest 3 bed semi) to the one I was renting was on the market for £80,000.It might sound cheap but I was earning £7,000 at the time. Work out the differential -- we were priced out back then just as much as people wanting to buy in London today.
My Grandmother used to tell us about how you could buy a mews place in Soho for a few hundred quid in the 1940s & 50s. She could no more afford it then as now as she was earning a groat a month or something.
Houses are still spectacularly expensive by almost any measure right now though.0 -
My Grandmother used to tell us about how you could buy a mews place in Soho for a few hundred quid in the 1940s & 50s. She could no more afford it then as now as she was earning a groat a month or something.
Houses are still spectacularly expensive by almost any measure right now though.
Is there actually a real chart err charting wages to house prices sinse say the war?0 -
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I'm trying to do one dating back to the C19th. Tricky but not impossible (I hope). I am hoping to show that HPI is a post baby boomer phenomenon. Don't know if I'll be right or not.
Excellent Im sick of all these nobs saying houses have allways been expensive even though they secretly know the truth.
and what point they are trying to make is completly beyond me???
Unless they a harbouring delusions that they were 'clever' when they bought rather than lucky0 -
Things have changed a lot. I don't know whether it's even correct to compare the C19th with today. In 'The Road to Wigan Pier', George Orwell says that the number of houses being built was deliberately restricted in mining towns to allow LLs to charge higher rents for lower quality property.
That was in the 1930s.0 -
Check out here:Excellent Im sick of all these nobs saying houses have allways been expensive even though they secretly know the truth.
and what point they are trying to make is completly beyond me???
Unless they a harbouring delusions that they were 'clever' when they bought rather than lucky
http://www.nationwide.co.uk/hpi/historical.htm
second panel down
Don't have excel on my home pc so I don't know how far back it goes
oh & nelly... you're f'king idiot, but I did laugh."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Guy_Montag wrote: »Check out here:
http://www.nationwide.co.uk/hpi/historical.htm
second panel down
Don't have excel on my home pc so I don't know how far back it goes
oh & nelly... you're f'king idiot, but I did laugh.
Top man nelly..seems to say the things other people only think...0 -
Guy_Montag wrote: »Check out here:
http://www.nationwide.co.uk/hpi/historical.htm
second panel down
Don't have excel on my home pc so I don't know how far back it goes
oh & nelly... you're f'king idiot, but I did laugh.
I aint arguing with that ^
but what have I done now?
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I aint arguing with that ^
but what have I done now?
You're little incident with the bus shelter :rotfl: :T"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0
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