Debate House Prices


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Right To Buy from 2016!

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Comments

  • wotsthat
    wotsthat Posts: 11,325 Forumite
    wymondham wrote: »
    the days before the obsession started?

    Houses weren't cheap in 1980. It was a rhetorical question.
  • anchovypizza
    anchovypizza Posts: 77 Forumite
    edited 15 October 2015 at 11:42AM
    wotsthat wrote: »
    Houses weren't cheap in 1980. It was a rhetorical question.

    (Text removed by MSE Forum Team)

    I happened to buy my first house of many in the 1980's, and for all the differences between interest rates and inflation rates, high inflation eventually becoming a good thing for homeowners, property prices were very affordable back then and much cheaper than today.

    Nearly all my circle of friends and family were buying at my age which was in our early 20's and a few approaching their 30's were the last to buy.
    Anyone who set their minds to it picked up the thursday local paper and visited a few estate agents could just about afford any property in that newspaper in a half decent area up to a good sized victorian terraced or nice flat in a nice area.

    The only one big thing that has changed from then and now is the obsession with investing and buying property, it has become a illness, this board for example being testament to that. Back then we mainly purchased homes to settle down and enjoy our lives in, today it is all about something else which I cannot quite put my finger on, but it is far from nesting
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 15 October 2015 at 11:41AM
    House prices have gone up and down over time and although prices in relation to earnings are now the highest they have been you can borrow more. Prices in the 80s varied from 3x to 5x compared to 6x now.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    MS1950 wrote: »
    Trying to be helpful could this be the source of the report that Butti was referring to?:

    http://chfa.com.au/resources/other-general-housing-resources/affordable-housing-development-models

    Plus the 'community housing providers' referred to in the link do appear to be very similar to UK Housing Associations.

    Ah ha! I see.
    The Affordable Housing Development Models research project conducted by the City of Port Phillip in Victoria engaged the consultant

    I live in NSW and know next to nothing about Victorian housing policy.
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