The difference between the US and UK

ManAtHome

Non-recourse mortgages, fraudclosure, and Benny buying up MBS on behalf of the USians great-great grandchildren - hiding is not quite the same as reducing.

Graham_Devon

michaels wrote: »

Don't forget the US will have increased its housing stock by a considerable proportion over the period whereas the UK has not so the UK debt per property will have risen even faster relatively.

However what Graham doesn't understand is it is a matter of supply and demand - if I have to pay 80% of my take home to put a roof over my family and forgo almost everything else in life then I will. In the US the price of a house far exceeding the build cost results in more houses being built, a lot more, until there is a glut (and a price crash). In the UK it makes no difference to the supply.

What michaels doesn't understand is that I just posted what I thought ot be an interesting graph that's never been posted on here before now, and he also doesn't understand how to reign himself in instead of having a pop all the time

nicko33

Graham_Devon wrote: »

I just posted what I thought ot be an interesting graph

where did you put it?

michaels

Graham_Devon wrote: »

What michaels doesn't understand is that I just posted what I thought ot be an interesting graph that's never been posted on here before now, and he also doesn't understand how to reign himself in instead of having a pop all the time

I apologise if I offended you Graham.

danothy

Generali wrote: »

It'd be interesting to see the graph in real (inflation adjusted) terms. IIRC, UK inflation had been high than in the US over the period.

Best I can do:



I've used the US CPI and the UK RPI. I've also knocked the USD to GBP using the average exchange rage since 1987 (approx. 0.6) so they appear on the same axis and prevent all that factor of ten nonsense giving the appearance of the UK and US having a "mortgage liability [that] rose at the same rate".