House Prices 10 x Earnings Now.

Linton

the_flying_pig wrote: »

peak earning age is c. 38.


http://www.telegraph.co.uk/finance/personalfinance/10943604/Workers-reach-26000-earning-peak-at-age-38.html


average first time buying age is c. 37.


http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/11378375/Help-to-Buy-2-shaves-six-years-off-first-time-buyer-age-of-37.html


draw your own conclusions about the likely future ability of today's FTBs to move up the ladder [cue Sibley - 'it was just the same in my day etc'].

So are there going to be a lot of empty larger houses in say 20 years time? Who is going to move into the houses currently owned by the 65+s?

ukcarper

the_flying_pig wrote: »

peak earning age is c. 38.


http://www.telegraph.co.uk/finance/personalfinance/10943604/Workers-reach-26000-earning-peak-at-age-38.html


average first time buying age is c. 37.


http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/11378375/Help-to-Buy-2-shaves-six-years-off-first-time-buyer-age-of-37.html


draw your own conclusions about the likely future ability of today's FTBs to move up the ladder [cue Sibley - 'it was just the same in my day etc'].

Why is the average age of FTB 37 it's a lot more complicated than just house prices.

Linton

ukcarper wrote: »

Why is the average age of FTB 37 it's a lot more complicated than just house prices.

Indeed - five years ago it was 29!. Another odd statistic that seems difficult to tie in with the 37 yo average is that the number of FTBs is the highest its been for 7 years.

Who are all these 37 year old and older people who must have rented for the past 15+ years and have suddenly decided to start on the housing ladder? Though another quote I saw from June 2015 said that the average FTB age was 31, so it all must have happened in the past 4 months!