Fuel profiteering

[Wack61]

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.

This highlights to me how much house prices in the south have increased , over £1m today , but £5615 in 1956 is £149,138 in 2021 according to the bank of England

 

[dem maser]

i see it everyday........

 

[Felonious Crud]

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…..

Oh, you're not just old, MAF...

 

[Tallman]

This highlights to me how much house prices in the south have increased , over £1m today , but £5615 in 1956 is £149,138 in 2021 according to the bank of England

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You have to figure in how wealth has increased as well, it’s not just inflation. Then there are supply and demand changes due to demographic changes, whether an area has gone upmarket or downmarket, whether for example financial institutions with high paying jobs moved to the area etc. etc. etc. You can’t just compare numbers. Numbers and stats by themselves say nothing at all. Especially over such a long time.

 

[Nibby]

This highlights to me how much house prices in the south have increased , over £1m today , but £5615 in 1956 is £149,138 in 2021 according to the bank of England

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Crazy, even further up to date I was on the verge of buying a 2 bedroom terraced house just off Mill Rd in Cambridge circa 1985 for £40k, would be about half a million now.

 

[Scaf]

Back in the late 1980’s my brother could have bought the freehold of the shop he rented in Portobello Road, basement, shop and flat above £160k !! It would be over £2m now I would think.
It’s all relative, he couldn’t afford the £160k then and can’t afford the £2m now.

 

[Simon1963]

The balance is all wrong these days. Generation of families living on handouts as a life style. Currently 1.3 million job vacancies. I see families living very nicely on benefits and the attitude is “if I go to work I’m no better off” it’s complete madness and needs to stop.

 

[CatmanV2]

Bloody ****, the 4 Yorkshiremen really have nothing on you lot
C

 

[Nibby]

It’s all relative, he couldn’t afford the £160k then and can’t afford the £2m now.

The thing was I could afford it at the time but bought a house in Newmarket instead which didn't increase to not even half that. As that fat girl Kirstie Allsopp says 'Location Location Location'

 

[Wack61]

Crazy, even further up to date I was on the verge of buying a 2 bedroom terraced house just off Mill Rd in Cambridge circa 1985 for £40k, would be about half a million now.

In 1984 I bought a town house in kettering for £16,000 , a friend lived in Cambridge, he bought an almost derelict terrace for 25k and I thought that was crazy then , I can't imagine paying 500k for a terraced house anywhere , I'd sooner live somewhere else