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Rightmove March +1.6% MoM +6.8% YoY
Comments
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Moot point. Average age of first marriage for a female was around 24 in the 60s, is around 30 now.
That is not a moot point it is the point. It's a lot easier to save if you are living with parents than if you are renting. That is why comparing now to the past is not that relevant. Society has changed people stay in education longer you need degrees for jobs you could get with a couple of O Levels.0 -
In the 60s a radiogram could cost £50-£90, a TV £120.
Multiply by 10 to get today's money.
A 7" single (MP3 today) was 6 shillings or say £3 today.
Yet everyone was buying them as soon as they could, bigger items via 'hire purchase' or maybe expensive rental deals. Spending on fashion by young people was also rocketing.
Not really that much difference from today...
My parents didn't chase the new stuff, nor did my friends parents in the main. Kept a box of replacement valves so the failed TV could be repaired. Like changing Xmas light bulbs, trying to work out which oner had failed.
Never did HP, occasionally used Coop interest free deals.
Brought the odd vinyl but not on the scale they do today with downloads.
I agree that some people still chased the trends but IMO not in the same proportional volumes. One reason being new versions didn't happen with such pace to drive demand."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 -
What I was trying to show is that some luxuries were very expensive indeed as a proportion of income all those years ago.
For example in early 1960s, the price of 30 black and white TV sets = the price of a semi detached house!
The fact that the youth of today and everyone else too seem to have a lot of gadgets is linked to the fact that they are (relatively) cheap.
Another thing: Youth car ownership, especially male, is plummeting. So they are spending less on cars and more on gadgets. The graph on this page shows it rather dramatically:
http://www.economist.com/node/21563280
So maybe we shouldn't call young people f-e-c-kless for their current spending habits0 -
What I was trying to show is that some luxuries were very expensive indeed as a proportion of income all those years ago.
For example in early 1960s, the price of 30 black and white TV sets = the price of a semi detached house!
The fact that the youth of today and everyone else too seem to have a lot of gadgets is linked to the fact that they are (relatively) cheap.
Another thing: Youth car ownership, especially male, is plummeting. So they are spending less on cars and more on gadgets. The graph on this page shows it rather dramatically:
http://www.economist.com/node/21563280
So maybe we shouldn't call young people f-e-c-kless for their current spending habits
Televisions were not that common in the early sixties when I got married in the 70s we didn't have a Television as we couldn't afford one. Another thing is that food was much more expensive in 60s and 70s in fact earnings have outpaced RPI by over 100% since 1960.0 -
Are ASKING prices the same as SOLD prices? It is true that if asking prices are on the rise, then sold prices should be on the up, but still, asking is not sold.0
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“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 -
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HAMISH_MCTAVISH wrote: »
Thats better... stop posting Rightmove rubbish!0 -
Thats better... stop posting Rightmove rubbish!
LOL.... All the main indices get a thread.
They all show a different aspect to the market, they also all have their flaws, but taken in context can provide useful information.“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
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