tomski Posted April 3, 2022 Share Posted April 3, 2022 2 minutes ago, Jol_BWFC said: Yet some on here insist that increasingly high house prices are a good thing… Those with paid off mortgages I’d guess Quote Link to comment Share on other sites More sharing options...
BobyBrno Posted April 3, 2022 Share Posted April 3, 2022 1 minute ago, Jol_BWFC said: Yet some on here insist that increasingly high house prices are a good thing… London has always been expensive to buy property. Don’t judge the rest of the U.K. by what goes on in London. Quote Link to comment Share on other sites More sharing options...
Jol_BWFC Posted April 3, 2022 Share Posted April 3, 2022 3 minutes ago, Escobarp said: They are if you’ve no kids and have a chunky inheritance linked solely to property prices Indeed - similar to the point I made in my post a couple of days ago (which went unanswered). Quote Link to comment Share on other sites More sharing options...
Jol_BWFC Posted April 3, 2022 Share Posted April 3, 2022 3 minutes ago, tomski said: Those with paid off mortgages I’d guess And those looking to move to Spain… Quote Link to comment Share on other sites More sharing options...
BobyBrno Posted April 3, 2022 Share Posted April 3, 2022 2 minutes ago, tomski said: Those with paid off mortgages I’d guess I’ve paid off my mortgage. I’ve had one for 47 years. It’s nice to be able to say that. One day you’ll say the same. If you have one. My lads will benefit more than I will. Quote Link to comment Share on other sites More sharing options...
Site Supporter Winchester White Posted April 3, 2022 Site Supporter Share Posted April 3, 2022 3 minutes ago, BobyBrno said: London has always been expensive to buy property. Don’t judge the rest of the U.K. by what goes on in London. It has of course, but house prices in London and even Bolton have exploded in recent years. Sure the SE more so but the whole country spends more on a mortgage or rent compared to wages than ever before. Quote Link to comment Share on other sites More sharing options...
Jol_BWFC Posted April 3, 2022 Share Posted April 3, 2022 4 minutes ago, BobyBrno said: London has always been expensive to buy property. Don’t judge the rest of the U.K. by what goes on in London. London is indeed a freak show, although the chart in the post before mine seemed to say the England and Wales average is now over 8x salary? Quote Link to comment Share on other sites More sharing options...
mickbrown Posted April 3, 2022 Share Posted April 3, 2022 10 minutes ago, BobyBrno said: One tweet. It doesn’t represent the rest of the country. I bought my first house in 1976 to get on the ladder. The same house now is going for £140,000. It took both me and my then wife 3 years to save for a deposit. Never went out and we didn’t own a car. Different times, different attitudes. Read the tweet again. It's the whole country. Quote Link to comment Share on other sites More sharing options...
Site Supporter Winchester White Posted April 3, 2022 Site Supporter Share Posted April 3, 2022 Oh and as a tasty side... https://www.thetimes.co.uk/article/28f2b090-b1e0-11ec-9af1-7ee554784c95?shareToken=329453fe23e4fba410ef8e07856bef3c Quote Link to comment Share on other sites More sharing options...
Escobarp Posted April 3, 2022 Share Posted April 3, 2022 5 minutes ago, Jol_BWFC said: Indeed - similar to the point I made in my post a couple of days ago (which went unanswered). Point made to me? Quote Link to comment Share on other sites More sharing options...
Members Lt. Aldo Raine Posted April 3, 2022 Members Share Posted April 3, 2022 12 minutes ago, BobyBrno said: One tweet. It doesn’t represent the rest of the country. I bought my first house in 1976 to get on the ladder. The same house now is going for £140,000. It took both me and my then wife 3 years to save for a deposit. Never went out and we didn’t own a car. Different times, different attitudes. That's exactly what it represents. E&W average = England and Wales average 1997: Average house price in England and Wales = 4 x average annual earnings 2021: Average house price in England and Wales = 9 x average annual earnings Quote Link to comment Share on other sites More sharing options...
Jol_BWFC Posted April 3, 2022 Share Posted April 3, 2022 (edited) 5 minutes ago, Escobarp said: Point made to me? No, sorry - that wasn’t clear. A post to someone else. S/he suggests high and rising house prices was a good thing - I suggested not for the millions trying to get on the housing ladder or “upgrade” their home (and perhaps it suited his/her personal circumstances). Edited April 3, 2022 by Jol_BWFC Quote Link to comment Share on other sites More sharing options...
Members Lt. Aldo Raine Posted April 3, 2022 Members Share Posted April 3, 2022 3 minutes ago, Lt. Aldo Raine said: That's exactly what it represents. E&W average = England and Wales average 1997: Average house price in England and Wales = 4 x average annual earnings 2021: Average house price in England and Wales = 9 x average annual earnings Or at least the rest of the country minus Scotland and Northern Ireland. Although there's no reason to think either will differ from the trend in Emgland and Wales. Quote Link to comment Share on other sites More sharing options...
kent_white Posted April 3, 2022 Share Posted April 3, 2022 9 minutes ago, Winchester White said: Oh and as a tasty side... https://www.thetimes.co.uk/article/28f2b090-b1e0-11ec-9af1-7ee554784c95?shareToken=329453fe23e4fba410ef8e07856bef3c Typical project fear from a lefty rag Quote Link to comment Share on other sites More sharing options...
Escobarp Posted April 3, 2022 Share Posted April 3, 2022 30 minutes ago, Jol_BWFC said: No, sorry - that wasn’t clear. A post to someone else. S/he suggests high and rising house prices was a good thing - I suggested not for the millions trying to get on the housing ladder or “upgrade” their home (and perhaps it suited his/her personal circumstances). You mean mounts I assume 😬 Quote Link to comment Share on other sites More sharing options...
tomski Posted April 3, 2022 Share Posted April 3, 2022 43 minutes ago, BobyBrno said: I’ve paid off my mortgage. I’ve had one for 47 years. It’s nice to be able to say that. One day you’ll say the same. If you have one. My lads will benefit more than I will. Oh aye, nowt wrong with it pal. Work hard and enjoy the rewards. Quote Link to comment Share on other sites More sharing options...
Youri McAnespie Posted April 3, 2022 Share Posted April 3, 2022 (edited) 2 hours ago, Spider said: Aye But now people are “victims” of debt. We’re supposed to feel sorry for them. Like they were forced by Barclaycard to spend £1,200 on a Balenciaga sock garter. People struggling to put food on the table is one thing, people fucked because they wanted a Range Rover but feed their kids from McDonald’s 6 days a week are another. Bizarrely calories/£ McDonald's 'food' is value for money, especially as the staff go for a shit and don't wash their hands and give you food poisoning that leaves one unable to eat and drink only sugar/salt hot water for a month. Edited April 3, 2022 by Youri McAnespie Quote Link to comment Share on other sites More sharing options...
BobyBrno Posted April 3, 2022 Share Posted April 3, 2022 41 minutes ago, mickbrown said: Read the tweet again. It's the whole country. The average house price in Bolton is £201,000. The average wage for an individual is £25,000. (Many earn £150k) As most people who buy a property, like me, do it with a partner, that’s 4 times earnings. These are BOLTON averages. Not London. Quote Link to comment Share on other sites More sharing options...
Sweep Posted April 3, 2022 Share Posted April 3, 2022 8 minutes ago, BobyBrno said: The average house price in Bolton is £201,000. The average wage for an individual is £25,000. (Many earn £150k) As most people who buy a property, like me, do it with a partner, that’s 4 times earnings. These are BOLTON averages. Not London. So you're comparing the national average wage, with a local average house price....... I honestly don't know, but its the average wage in a place like Bolton as high as £25K? Quote Link to comment Share on other sites More sharing options...
tomski Posted April 3, 2022 Share Posted April 3, 2022 6 minutes ago, Sweep said: So you're comparing the national average wage, with a local average house price....... I honestly don't know, but its the average wage in a place like Bolton as high as £25K? I’m sure £25k is now the national average. No idea if Bolton is same or hits that. If I was guessing I’d imagine slightly under. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted April 3, 2022 Moderators Share Posted April 3, 2022 Im not sure wage is the best measure Im not saying income is any better but im guessing income is lower than wage Anyway if i was a selfish fucker considering selling up, buying cheap abroad, id say high house prices are fantastic My kids would probably not agree Quote Link to comment Share on other sites More sharing options...
BobyBrno Posted April 3, 2022 Share Posted April 3, 2022 14 minutes ago, Sweep said: So you're comparing the national average wage, with a local average house price....... I honestly don't know, but its the average wage in a place like Bolton as high as £25K? In a place like Bolton? 😊 Many people in Bolton earn more than £25k pa. Peter Kay, Amir Khan. The rest of us are struggling on a pittance. Quote Link to comment Share on other sites More sharing options...
Members Lt. Aldo Raine Posted April 3, 2022 Members Share Posted April 3, 2022 28 minutes ago, BobyBrno said: The average house price in Bolton is £201,000. The average wage for an individual is £25,000. (Many earn £150k) As most people who buy a property, like me, do it with a partner, that’s 4 times earnings. These are BOLTON averages. Not London. I doubt anyone was limiting their posts to the situation in Bolton and Bolton only. Compare the number of local councils where the average house price was over 6x the average annual income in 1997 with the number of local councils where the average house price was over 6x the average annual income in 2021. Quote Link to comment Share on other sites More sharing options...
kent_white Posted April 3, 2022 Share Posted April 3, 2022 39 minutes ago, BobyBrno said: The average house price in Bolton is £201,000. The average wage for an individual is £25,000. (Many earn £150k) As most people who buy a property, like me, do it with a partner, that’s 4 times earnings. These are BOLTON averages. Not London. Not a chance that Bolton's average wage is anything like £25,000 per annum. We're the 19th most economically deprived town in the country. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted April 3, 2022 Moderators Share Posted April 3, 2022 NMW is over 22 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.