How can house price's fall so much??

neverdespairgirl

It still looks fine.

There's a photo of my brother aged about 3, and Isaac looks so like him its scary. SO much for dark genes being dominant - my family's all fair-skinned, fair-haired and blue-eyed, and as you can see from my avatar, OH's dark genes seem to have taken a back seat!

lostinrates

neverdespairgirl wrote: »

My darling son has some clothes from the 1970s - I'm thinking in particular of a blue cardigan my great-grandmother knitted when I was born, and which my sisters and brother wore, and now Isaac wears.

My older sister was born in the sixties, me in 79:eek: . I wore her beautiful old clothes, mostly made by our mother. Her kids wore them and If I have a girl so will mine I hope . My old terry nappies are my mothers kitchen towels and rags now. MyDh finds it hilarious he can see my nappies.:cool:

PasturesNew

In the 70s we:
- had an old car that cost dad £40 and he fixed himself (even painted it himself using an attachment on the vacuum cleaner)
- had a caravan holiday each year, but not on a site, it'd be a tatty old damp caravan in a farmer's field with a chemical toilet. We'd drive around until we saw a "caravan to rent" sign on a gatepost
- we had a TV, dad made it out of spare parts as he was an electronics engineer
- we didn't go out for meals and had no takeaways.
- we only had fizzy pop/biscuits at Xmas when we'd get 2 litres of fizzy orange and a bag of broken biscuits from Woolies
- mum took us to the cinema about 3 times (Bambi, Chitty Chitty Bang Bang and Mary Poppins)
- we had no clothes, all clothes were hand-me-downs
- had to wait to get a tricycle at age 5, donated by next door when they got proper bikes
- bike was a hand me down
- no supermarket shopping, most food was very basic (chips/beans a lot)
- my parents only went out once a year, to the Works' Xmas Do
- parents grew all their own vegetables
- my school uniform didn't fit, I became big chested and the zip broke on the back of the uniform dress, so I had to wear a cardigan all summer term so nobody could see
- shoes were 2nd hand
- my mum could knit, so in the 60s we had knitted dresses
- a neighbour had a piano I was learning on, we bought it for £5. But when we moved the lessons stopped. Used to pay 2/6d (12.5p) and a cheese sandwich to some old boy in his 80s to teach me. No exams though (pricey)

Since I've grown up I've never had much money and so even for me, in the intervening years I've still:
- not had a holiday for 13 years
- never been abroad
- don't go to the cinema (maybe been 5 times in 15 years)
- eat out once a year somewhere cheap (Wetherspoons)
- 2-3 cheap takeaways/year (under £5)
- no electronic gizmos, no stereo, portable TV
- rarely bought clothes new. Only buy what's needed
- not had an overcoat for 15 years
- no cable TV, no satellite
- no mobile phone contract, I make 0-1 calls on a PAYG/month

I've only recently become financially independent (STR pot means I don't have to worry where I end up in 5-10 years, meaning money I do earn has less "urgency") but still finding it hard to change my ways. Still scrimping, mending and making do. Now I just really begrudge spending any money.

Conrad

As ever it's about a middle course surely. Not saving every penny, nor over spending.

The average person lives about 28,000 days, and 9000 of those they're asleep.
Thats 456,000 hours awake.

After say 20,000 days I want to have had as many experiences of this one brief life as possible. Most importantly I want happy memories of time with my children.

Alan Sugar may have coolected more money tickets than me, but in 100 years all his work will have amounted to just the odd flicker of thought on a collection of strangers brain cells. I'd sooner be poorer for money tickets, but known I was with my kids as much as poss rather than making the sacrifice of doing something we call work (collecting money tickets).

MissMoneypenny

IveSeenTheLight wrote: »

Some good quotes of days gone by.
I would hazard a guess that these famalies had a full time domestic godess to organise, cook etc on the tight budgets

What do you mean "days gone by"....the seventies only feel like they was yesterday!:D

I grew up in the 70s. Started my first job in 1971
We had 1 family car (dad would cycle to work). I had a car...the bank I worked for bought it for me for my travels and let me keep it when I came off computers and became an FX dealer.
We were not driven to school. I drove or rode my horse (bought him cheap as the previous owner had died when falling off him) everywhere then, after having walked everywhere as a child. Most people would drink and drive as not so many cars on the road.
We did not have a TV to begin with. Didn't watch tv in the 70s as always at the pub. Had a tv as a child.
Hardly ever went out for meals, take aways, cinema etc. Out every night. Usually the pub, but could be a show or concert. I saw the Four Tops in Sheffield and Frank Sinatra at The Albert Hall. The other year I drove down to a pub I use to drink at in the 70s and hadn't been to since the 70s and the landlord recognised me when I walked in and called me by my nickname:eek:The bank paid for me to live in hotels 4 nights a week and we would eat out every night. Bring back the banana/ice cream/loads of fresh cream with strawberry sauce, puddings:D
Had hand-me-down school uniforms. I was on expenses, so I would buy new stuff and then pass it on to my younger sister if I changed my mind when I got back to my parents house.
Had one holiday a year in the UK with caravans or tents.Either went abroad or had hotel holidays in the UK or went to watch the horse shows all week at Wembley and Olympia. I loved the 70s.

SingleSue

PasturesNew wrote: »

What is surprising is if you look at this graph:
http://www.housepricecrash.co.uk/graphs-average-house-price.php

Look at the prices in the peak of 1975: £70k
To the peak of July 2007: £185k

That is the most surprising statistic I see there.
In 1975 I was earning 84p/hour.

And I was not even old enough for pocket money then! :rotfl:

mr.broderick

PasturesNew wrote: »

At the end of the day, those dreamers waiting for a 50% drop will buy a house that has dropped 50%.

Those dreamers who haven't dropped will be waiting the longest in the end.

Cash is king. And we have the cash that the sellers want.
We win.

It's just a house. We'll find another one, a better one. Yours is not special to us. Only to you.

Pn i do like you but you are somewhat an anomaly. How many other ftb out there have got £150k in the bank waiting to swoop, let me tell you not many. The vast majority of the people who STR'd (I did this by the way) are currently seeing their savings eroded by poor interest rates and a higher cost of living (Definitely noticing everyday things shooting up in price round here especially eggs). We will not see a crash unfortunately just a 10-15% percentage drop from peak. I have a theory for this, people are impatient. Can I just add i am very disappointed my ronaldo thread has been moved.

SingleSue

lisyloo wrote: »

I definitely think you are right.
I grew up in the 70s.
We had 1 family car (dad would cycle to work).
We were not driven to school.
We did not have a TV to begin with.
Hardly ever went out for meals, take aways, cinema etc. A real treat would be fish & chips but that wasn't very often.
Had hand-me-down school uniforms.
Had one holiday a year in the UK with caravans or tents.

We never felt poor (I think that's relative) beacuse we didn't have lots of consumer stuff and couldn't drive everywhere.

I think some people don't know what it was like and other people forget.
The only time I felt like I was missing out on something was when richer friends at school stayed in hotels abroad for their holidays but you had to be rich to do that.

I was born in 1970
We didn't have a car initially as dad had an accident and couldn't drive but he certainly got one by the time I was 5.
The rest of the stuff is exactly the same as mine except originally our clothes came from a jumble sale!

lostinrates

mr.broderick wrote: »

Pn i do like you but you are somewhat an anomaly. How many other ftb out there have got £150k in the bank waiting to swoop, let me tell you not many. The vast majority of the people who STR'd (I did this by the way) are currently seeing their savings eroded by poor interest rates and a higher cost of living (Definitely noticing everyday things shooting up in price round here especially eggs). We will not see a crash unfortunately just a 10-15% percentage drop from peak. I have a theory for this, people are impatient. Can I just add i am very disappointed my ronaldo thread has been moved.

Dear Mr B,

Higher cost of living is happening to everyone, not just STRers. If they can't afford to keep it in savings what would happen with mortgage rate increases?? Incidently, though bank account interest rates are lower, good deals are still possible, and our savings are continuing to grow, albeit more modestly. :T Cst of living is more of an issue from our nn aving portion of D's earnings, and yes, we'll be lucky if we exceed our 1K aim this month, but we plan to get at least that away.

mr.broderick

lostinrates wrote: »

Dear Mr B,

Higher cost of living is happening to everyone, not just STRers. If they can't afford to keep it in savings what would happen with mortgage rate increases?? Incidently, though bank account interest rates are lower, good deals are still possible, and our savings are continuing to grow, albeit more modestly. :T Cst of living is more of an issue from our nn aving portion of D's earnings, and yes, we'll be lucky if we exceed our 1K aim this month, but we plan to get at least that away.

It started like a love letter