Is it really that hard?

ess0two

And the moral of the story...don't bother with Uni.

ukcarper

ess0two wrote: »

And the moral of the story...don't bother with Uni.

One thing for sure a degree is not worth as much as it once was. Also I'm not sure how good the new apprenticeships are compared to the old ones.

Pobby

ruggedtoast wrote: »

Absolute rubbish. Everywhere has gone up exponentially, the home counties have rocketed in relation to wages.

Totally agree. I am going back to my home town of Reading. In a post I made earlier, I talked about the house prices there back in the 70s and 80s.

Prices now are just plain stupid. An example http://www.rightmove.co.uk/property-for-sale/property-52439921.html, this selling for £200,000.

Very congested area and certainly not the best. 18 years ago that would be selling for about £45,000. That is over a 400% increase. Hardly anywhere in line with wages. Then again we have " enjoyed " manipulation of the market and a freaky interest rate.

My cousin bought a property in Reading in approx. 1978 for £40,000. Now looking for about £550,000.

Oh if you want a laugh check this out.

http://www.rightmove.co.uk/property-for-sale/property-34073778.html
:rotfl::)

Cornucopia

Could you give an example of something from a time when Henley-on-Thames was affordable?

1830, maybe?

This discussion always goes like this, and it's so tedious.

I'm reasonably sympathetic to the basic issue, and the answer is to distribute jobs better around the country, and build more homes.

However, citing a period cottage in Henley as "part of the problem" is nonsense.

MARTYM8`

Cornucopia wrote: »

Could you give an example of something from a time when Henley-on-Thames was affordable?

1830, maybe?

This discussion always goes like this, and it's so tedious.

I'm reasonably sympathetic to the basic issue, and the answer is to distribute jobs better around the country, and build more homes.

However, citing a period cottage in Henley as "part of the problem" is nonsense.

I expect a mere 15-20 years ago you could probably have bought that house priced at £650,000 now for no more than £150-200,000. It was relatively affordable then - sadly wages have not typically risen by 400% in that period.

Still - love the ad. No outside space and 'There is secure gated parking located minutes away'. Do they mean Henley station car park?:D

ukcarper

MARTYM8` wrote: »

I expect a mere 15-20 years ago you could probably have bought that house priced at £650,000 now for no more than £150-200,000. It was relatively affordable then - sadly wages have not typically risen by 400% in that period.

Still - love the ad. No outside space and 'There is secure gated parking located minutes away'. Do they mean Henley station car park?:D

That's probably true but 20 years ago prices in relation to earnings were at an all time low.

wotsthat

MARTYM8` wrote: »

I expect a mere 15-20 years ago you could probably have bought that house priced at £650,000 now for no more than £150-200,000. It was relatively affordable then - sadly wages have not typically risen by 400% in that period.

Of course houses are less than affordable than the mid-nineties - that was when they were most affordable. Comparisons against all time lows are useful in creating dramatic effect rather than insight.

TheBlueHorse

I'm with the OP. I used to earn 4p per annum and houses were 34p and now a house is 45bn and my salary is £34m so that means houses are 849000% bigger than a pineapple and 389000% smaller than a potato. It's SO obvious. The young are younger today than they were in my day. When I was 18 I was actually 7. Nowadays, 18 yr olds are 64. It's tragic.

Mistermeaner

TheBlueHorse wrote: »

I'm with the OP. I used to earn 4p per annum and houses were 34p and now a house is 45bn and my salary is £34m so that means houses are 849000% bigger than a pineapple and 389000% smaller than a potato. It's SO obvious. The young are younger today than they were in my day. When I was 18 I was actually 7. Nowadays, 18 yr olds are 64. It's tragic.

Post of the month for me :money:

cells

its much much more a London & SE problem than elsewhere

Prices in about half the country, NE NW W-Mids E-Mids Wales etc are the same they were 10 years ago in nominal terms and roughly what they were in real terms 20 years ago

London is now unaffordable for virtually everyone who was not already on the marry-go-round

You can not expect to buy a house in inner London now (£1m) unless you owned a similar priced house already or unless you are an extremely well paid household with annual income in the region of £200,000 to get a £750,000 mortgage.

Even further out in London where houses are £500,000 the story is the same, already own a house or have a household income of £100,000 which is quite rare


of course there are nearly a million social homes in London so plenty of poor people to work minimum wage jobs and slow London CPI with very low wages (relative to house prices)