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Debate House Prices
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Rich babyboomers behaving like the nobility in the peasants revolt...
Comments
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I still can't see how you come to that conclusion in 1972 when I first bought in relation to earnings house prices were pretty much the same as now and the cost of living was higher.
Since then prices have gone up and down in the 90s they were at there lowest and in mid 2000s they were at there highest.
Yes and no, yes I can buy a 47" 3D TV for less than they could buy the TV etc, but if I was to do a lower paid profession I wouldn't be able to a house where as the same profession would have been able to.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
grizzly1911 wrote: »How does that translate to the pound in your pocket?
In the day to day things that you actually need do you feel they are at lower relative prices than they were back then?
I appreciate that many nice to have items have fallen in relative price.
In 1970, food and non-alcoholic drinks took up 21% of household expenditure. By 2008, this was down to 9%.0 -
Yes and no, yes I can buy a 47" 3D TV for less than they could buy the TV etc, but if I was to do a lower paid profession I wouldn't be able to a house where as the same profession would have been able to.
It's not TVs it's food, clothing most manufactured goods
Has it not yet sunk it that it depends when in the past you were buying that house.0 -
I was to do a lower paid profession I wouldn't be able to a house where as the same profession would have been able to.
Because there's a shortage of housing today, and there wasn't nearly as bad a shortage then.
Supply and demand.
There is nothing else.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
In 1970, food and non-alcoholic drinks took up 21% of household expenditure. By 2008, this was down to 9%.
And you notice this in real life?
Have the products actually fallen in relative value?"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 -
grizzly1911 wrote: »And you notice this in real life?
Have the products actually fallen in relative value?
Yes I do although food shopping is now increasing it is still a lot cheaper that the 70s.
Most consumers goods are a lot cheaper as are clothes some things are similar in price petrol and energy.0 -
grizzly1911 wrote: »And you notice this in real life?
Have the products actually fallen in relative value?
Yes of course they have. If pay rises have outstripped inflation since the '70's then stuff is relatively cheaper.
We're a similar age I think - I've noticed this - you must have.
Fair enough essentials seem to be going up in price lately but they're certainly cheaper than the '70's and '80's.0 -
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Graham_Devon wrote: »Isn't this more to do with the fact many more families in 2008 would have 2 incomes (out of necessity in many cases) as apposed to one in 1970?
And yet when that same logic is applied to allowing them to compete on price for houses in scarce supply, you reject it....
Interesting.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Graham_Devon wrote: »Isn't this more to do with the fact many more families in 2008 would have 2 incomes (out of necessity in many cases) as apposed to one in 1970?
Partly that and the fact that food was cheaper in 2008 than the '70's0
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