zagatoes30
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You would have to pay me £460k to live in Great Sankey and I come from Warrington
Fuel profiteering
- Thread starter mjheathcote
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You would have to pay me £460k to live in Great Sankey and I come from Warrington
lozcb
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Li
Life is full of its ups and downs ..........its what one makes of those ......................I can remember my first mortgage , we struggled and saved like mad as prices were going up coupled with interest rate rises ...........but we managed it somehow ............scrimped and scraped for a few years till life got easier, yeah i know its sanctimonious but we had seriously high interest rate rises in those day ..........pull your belt in time for sure .............those were the boom and bust years up to the 90's everyone else has had it easy since then , with constantly low interest rates ............Bank of mum and dad comes in here
safrane
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But that example has had two extensions and a full refurb since 2013 hence the substantial lift, properties round the corner have sold for half that and lower
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Oh, you with your facts, Peter!
rs48635
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It is direct side effect of Thatcher's capitalist sell off. Great news for the one-off sale and might have suited non-essential business.
major utilities and transport? Call it a partial success. Our electricity is now owned in large part by EDF (French national energy company) so the 54% rise we pay offset bills of out sensible socialist neighbours.
Privatised railways? Once all the marrow is sucked out of the bones, we nationalise them ready to fatten up for the next sell off.
We need a poll tax riot or equivalent, but which cause to rally around.
They are not even ashamed about the pi55 taking, with the chancellor so wife-bashed he thinks it none of our business his wife takes tax-payer loans then ditches companies without repaying money. Wonder why the 4billion covid lions were written off? Rishi dare not show his face at next family gathering if her indoors had to stump up a few paltry millions.
And finally - is it time anyone standing for parliament must be British citizen and tax payer (domiciled too)?
Scaf
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My daughter is in the process of buying her first property - 1 bed maisonette £265k !!
Nibby
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Scandalous the price of starter homes in this country compared to the wages on offer. I feel sorry for the youngsters trying to make their way in life.
Round here in Newmarket due to the close proximity to Cambridge(huge rise in property values on par with London) the price of starter homes has risen dramatically whilst Newmarket itself has become a dump, boarded up pubs, empty shops, the only ones remaining are the usual suspects, charity, kebabs, bookies and Turkish barbers.
philw696
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Glad we decided to move to France a lot more sensible here although a noticeable rise in prices over the last 3 years.
Property in New Zealand was the same but our pension bonus has trebled in value in 7 years.
safrane
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House prices reflect how disjointed our investment is across the UK, if it was better balanced we would not have areas where a house can cost<£10k.
However with more opportunity to WFH these days with modern tech I think the situation will improve in this area over time.
However with more opportunity to WFH these days with modern tech I think the situation will improve in this area over time.
Wack61
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There are plenty of average houses at well over 400k in Warrington, houses that were under 100k 25 years ago
safrane
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Indeed - that was post the 1989 housing fall which saw house prices fall or remain stagnant for almost a decade. They did not return to 1989 level until 1997.
I do appreciate that prices are 'relatively' higher now than they have been and it has grown by more than average earnings, but not in all areas and not by all housing types/stock.
Interestingly house prices remained relatively stagnate through history until the 1960s after which they have continued to grow - so its all the fault of our grandparents (tong in cheek) but mainly the growth of single households and the fall in multi generational living.
Still we are in for a levelling out as the economy stagnates again for the next 5 years.
I do appreciate that prices are 'relatively' higher now than they have been and it has grown by more than average earnings, but not in all areas and not by all housing types/stock.
Interestingly house prices remained relatively stagnate through history until the 1960s after which they have continued to grow - so its all the fault of our grandparents (tong in cheek) but mainly the growth of single households and the fall in multi generational living.
Still we are in for a levelling out as the economy stagnates again for the next 5 years.
The link to average earnings was broken post the financial crisis a decade and a half ago as ultra low interest rates meant that mortgage payments as a percentage of net income became more relevant, hence the vast price rises. The cost of saving the economy at the time has been massive wealth gains for those with property assets (including land) and thus greater wealth inequality. The upshot is that small interest rate rises have a disproportionate affect on affordability now. Couple that with the inflation/utility bills mess and the slowdown is going to be painful. Used car prices will take a bath as disposable income falls will begin to hurt around about the time the semi conductor crisis ends so we return to the usual auto boom/bust cycle.
On a related matter my local LR garage has doubled the deposit needed to order a Defender as, I guess, they have realised that half the wait list will just evaporate as people who buy everything on a price per month basis finally wake up and realise how poor they really are.
lozcb
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Sure we want and need a reset , things have got far too woke and out of hand and everyone is looking to the state to sort things out or want to blame the state for their ills ...........thats got to stop for starters, state is there for general guidance and as a cushion when one falls on genuine hard times ............its not a way of life as some would have you believe, I wanna see the entrepeneurial spirit come back in droves .....make it part of the curriculum .........lower the age for kids to do paper rounds/butchers rounds on trades bikes on cobbly roads, Make them walk or cycle to school hence saving the planet and teaching the parents that a 4x4 tractor aint needed as part of the school day . We need generations of plumbers/electricians/builders/road sweepers/hoddies/ and labourers and abort the idea that everyone needs to go to university ...............only once the old values are installed in the younger generations will there be significant change .............we cant all be rocket scientists and live off bank of mum and dad
safrane
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Concur 100% - although most butchers are at the supermarket now sadly and as for paper deliveries!.
The state does not provide anything for 'free', any assistance comes from our taxes/us - if we want more support we have to pay more tax as a country (or stop supporting other things), and the only way to do that as a country without it hitting our disposable is to become far more efficient and be paid more as a result; not paid more just because we have less or things cost more.
It’s worse than that, I think. The ‘youth’ seem to think they’ll have careers as influencers or arbitraging items sold on their Amazon shops, using currency which is imaginary. Maybe I’m just old…..
safrane
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There is a genuine disconnect with reality today with so many wanting 'new' everything and during a time of very low interest rates being able to get it (In the main). Flats, Cars, I-Phones that cost as much as a car (on a PCP) etc.
One of my junior staff has 3 Costa coffees a day at £3.30 each - That's almost £2,500 pa on work coffee alone, she also has a new MB A-class, a student loan to pay off, a new phone every 18 months and 3 holidays in the sun each year... and winges she cant get onto the housing ladder because her savings can't keep up with the rise in house prices. When I ask what are you hoping to buy, its a apartment in the docks where her and her fella currently rent as its great for night life, eating out and socialising.
Like Maf, I must be old!
One of my junior staff has 3 Costa coffees a day at £3.30 each - That's almost £2,500 pa on work coffee alone, she also has a new MB A-class, a student loan to pay off, a new phone every 18 months and 3 holidays in the sun each year... and winges she cant get onto the housing ladder because her savings can't keep up with the rise in house prices. When I ask what are you hoping to buy, its a apartment in the docks where her and her fella currently rent as its great for night life, eating out and socialising.
Like Maf, I must be old!
lozcb
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Sounds all very normal to me Phil, credit to you , and tell me .................................all that time and you never thought it was your god given right to have your 15 minutes of fame and earn millions in the process ho hum