Houses more affordable than 1970s

silverwhistle

westernpromise wrote: »

The solution is for women to know their place and get back in the kitchen. It's their pesky earnings that have caused prices to rise.

I'd normally assume ironic humour but I've read some of your other posts.

HPC_Ghuol_Hunter

I!!!8217;ve said it before and I will say it again, homeownership is not for everyone. It takes a real man in charge of his finances and destiny to take on such a commitment like a mortgage and honour it full term.

kinger101

HPC_Ghuol_Hunter wrote: »

I!!!8217;ve said it before and I will say it again, homeownership is not for everyone. It takes a real man in charge of his finances and destiny to take on such a commitment like a mortgage and honour it full term.

Er....women can own property too.

westernpromise

kinger101 wrote: »

Er....women can own property too.

Whatever next, the vote? Their own personal allowance? The world's gorn mad.

Malthusian

Graham_Devon wrote: »

So it's more affordable now, as you can take on more debt?

Yes, quite obviously. If I can borrow more money to purchase an asset that is likely to deliver lifetime imputed rent and capital gains in excess of the amount I pay in interest, then it is more affordable as I need less money to buy it.

sevenhills

westernpromise wrote: »

The solution is for women to know their place and get back in the kitchen. It's their pesky earnings that have caused prices to rise.

Haven't you contradicted your first post?

Back in the 70s both husband and wife did not work, to the extent they do now.
They used to care for children; nowadays they would become child minders and get paid for the pleasure.

[Deleted User]

Bought first home in 1980 for 1.5 times annual wage with double digit interest rates.
So sorry but homes are less affordable now even with 0.5% base rates.

AG47

Compare how many barrels of oil, or bushels of wheat ect ect to average houses in the 1970s

You have to compare stuff with stuff

How many brand new cars in the 1970s would it take to buy a house

Take fiat currency out of it and measure stuff with stuff

Another example, is in the late 1970s, you could buy an average house in the western world for about 500 ounces of silver,

Today's it's about 50,000 ounces of silver!!!!!!!!

System

If its all the same with you I'll compare stuff with money cos that's what I use to buy stuff.

westernpromise

AG47 wrote: »

Compare how many barrels of oil, or bushels of wheat ect ect to average houses in the 1970s

You have to compare stuff with stuff

How many brand new cars in the 1970s would it take to buy a house

Take fiat currency out of it and measure stuff with stuff

Another example, is in the late 1970s, you could buy an average house in the western world for about 500 ounces of silver,

Today's it's about 50,000 ounces of silver!!!!!!!!

How do you know silver wasn't overvalued in the 1970s? In view of the activities of the Hunt brothers I'd say it was.

Why, in any case, would you expect a constant relationship between the value of a semi in Nottingham and an internationally used and tradeable commodity such as oil or grain? Did the Chinese buyers who pushed oil to $146 in 2008 stop to ask whether this was the right price versus ex-LA houses in Burnley?

In 1940 it cost about £12,000 to build a Spitfire. Today you'd pay a million. Are Spitfire prices going to crash back to the 1940 price?