cool i'll trade you all my tech for your house
Westminster Politics
- Thread starter altodevil
- Start date
a chicken would cost almost £60 if it had inflated in line with house prices, but I'm sure it's because we have smart phones that most of my generation can't afford to buy homes
You're missing the point, there was no choice. We didn't even have take-aways.
When I bought my first house I couldn't afford it but that didn't stop me.
sure, we'll commit mortgage fraud and see how that goes
My father bought a VCR in 1970 when they first came out and paid £900 for it. Insane. If you're paying 4% interest instead of 17% your mortage will be considerably less.
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that doesn't mean shit when wages that inflated so far below house prices that the only way you can buy a home is if your parents have tens of thousands of pounds lying around to gift you a deposit
What fraud are you talking about? When interest rates rise and your repayments go through the roof , every month get a letter from the building society saying your repayment has now increased to £x.
And we had a magic money tree.
yeah you really did, you could afford to buy houses with ordinary jobs and watch their value double again and again
Because we didn't have other outgoings - the earlier argument was about current house prices going through the roof, now it's the old house prices going through the roof. If you sold a house and the value doubled, if you bought another house its price would have doubled as well so it's meaningless unless you get off the property ladder.
which part of inflation don't you understand paul, if everything had inflated at the same price as houses, we'd be paying 60 quid for a fecking chicken, does that not seem even a little bit insane to you? do you honestly think paying for a phone is the difference between a deposit or not? you are unbelievably out of touch, like holy shit dude
most of us would give a left testicle if our phone bill made even a small dent in building a deposit, but it doesn't come close
most of us would give a left testicle if our phone bill made even a small dent in building a deposit, but it doesn't come close
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Come you don't really believe this right ?
But also tech such as mobile phones and computers are dirt cheap today. Getting rid of all these items would barely save a person a £1000 let alone come close to paying for a house(Not to mentioned people need these items for work).
Snowflake millennial refuses to sell body parts to pay for home.
I've no idea how much a chicken cost 40 years ago, the cost of everything didn't inflate in the same way. I gave a phone as one example.
It would be interesting though to see relative figures, average wage vs average house price etc vs deposit required vs interest payments.
Honestly I get the impression that getting on the ladder seems more difficult now but staying on it back then was a lot more difficult. A budget income/expenditure for an average young person 40 years ago against one now would be interesting though.
budget expenditure is the single most meaningless stat when house prices have outpaced waged by magnitudes
it's like worrying that a football is taking 10% less shots when they're letting in 400% more goals
it's like worrying that a football is taking 10% less shots when they're letting in 400% more goals
There's something wrong with chart, the dwelling prices are almost flatlining in the 70s and 80s when they weren't.
it's adjusted for inflation, the point is to show to the relative growth of house prices to wages ffs
an average house in 1971 would set you back 2.8 average wages, it's 9.5 now
it's honestly preposterous to even try to blame cellphones and avocado toast, it's bewildering that anyone can look at house prices and think oh, just sell your 500,000 phones and live in that converted garage
it's honestly preposterous to even try to blame cellphones and avocado toast, it's bewildering that anyone can look at house prices and think oh, just sell your 500,000 phones and live in that converted garage
So our wages in the 70s and 80s were outpacing the cost of houses, yeah right.
As an exercise I have had a look at the prices of the house I grew up in.
My father bought it in 1958 (his second house and he was the only person in my family who owned a house) before me - it's value had increased by 350% when he sold it 12 years later.
The same house was sold 30 years later 28 times more expensive than he sold it for. 19 years later it is now worth 4 times more than in 2000.
yes paul, just look at those numbers and think about how mind bogglingly stupid it is to blame phones and laptops for young people not being able to afford homes
The point I'm making is that house prices have not just suddenly increased rapidly, and a percentage of salary against mortage repayments then and now is relevant - I'm starting to wish I never mentioned mobile phones
, it was an example of many payments we would not have had in the olden days, days of yore, ancient history or whatever. I don't begrudge them by the way.I'm not saying this at all, I'm arguing that - for the most part - people who did well economically in decades gone past could generally point to social and material improvement as the years went on. Living in a capitalist society, they could benefit from their own economic success by acquiring capital, i.e., say, a home, with far greater ease than you can now. If the Tories are fundamentally above all else a party who for generations have been promoting capitalism, then they're inevitably going to struggle when younger generations feel like they're seeing the benefits of that economic system less and less. Which is what's happening now.
The point I'm making is that house prices have not just suddenly increased rapidly, and a percentage of salary against mortage repayments then and now is relevant - I'm starting to wish I never mentioned mobile phones
House prices in recent years have gone up massively though when compared to what people are earning, why else is it much more difficult for people to buy property now?
The argument that people aren't saving falls down because our economic system encourages people to spend and indeed relies on people spending more and more for growth. The moment people stop spending and stop acquiring commodities businesses suffer and when businesses don't do well people lose jobs.
Prime Minister Theresa May sacks Gavin Williamson as Defence Secretary
bye bye you little turd.
Interesting. She IS able to sack him, so we can only conclude that she didn't give a damn when he attempted to influence and prejudice the Bloody Sunday prosecutions.
Surely criminal charges will be considered? They prosecute others for leaks so it would be double standards i think, although no one's put at risk as a result so minor ones.
When as the last time the UK wasn't a capitalist society?
I think there are a multitude of reasons why it appears more difficult to get on the housing ladder nowadays
Looking at the history of house prices, great leaps were more common in the past than now as per this link
https://www.nationwide.co.uk/-/medi...index/downloads/uk-house-price-since-1952.xls
Deposits may seem more difficult to save up for. But interest rates are far lower.
Relation between salaries and house prices now seem to be far more apart than in the past , this is true.
However, a couple buying a house 40 or 50 years ago would be relying on just one salary whereas now more likely to be two salaries.
Taxes were higher before, when I bought my first house there were no personal allowances the NI worked out as more and the lowest tax rate was 34% so disposable income was less.
Doing a calculation on average house prices then and now using same age group and similar house type - with one salary buying such a house in 1977 the mortgage would consume 60% of disposable income, now it would be 57%. However if there were two salaries now of course it would be much less.
Yes the economic system has always encouraged people to spend but the same applies now as in the past , if people stop spending then businesses suffer and job losses follow.
In the past there was less of a choice to spend money on if people had money to spare.
The position young people are in with housing is terrible and we just don't seem to be able to build enough for whatever reason to meet demand.
It is not unfixable but you have to move more job opportunities to areas with affordable homes we seem to just centre the whole economy in the south east and then complain about property prices.
I can still get you a house for 2.8 times the average wage but you have to live in Rotherham or Scunthorpe.
That's a damning letter.
one rule for us...
By election....
Could farrage get in... Wasn't that a particularly large brexit vote there
https://www.bbc.co.uk/news/uk-england-cambridgeshire-48123355
Could farrage get in... Wasn't that a particularly large brexit vote there
https://www.bbc.co.uk/news/uk-england-cambridgeshire-48123355
Local Elections 2019
So how low will the turnout be for the local elections be... I was the only person in my polling station earlier... Suspect v low turnout and a large protest vote with it.
I never got a polling card, I suppose if I turn up at the Polling Station with my Council Tax bill & passport, they will let me. Can't see any reason why I wouldn't be on the voters roll.
No real idea who to vote for, but it's my democratic right and, more importantly, it will a vote for any party other than UKIP & Brexit Party. That's why it is important to vote.
No real idea who to vote for, but it's my democratic right and, more importantly, it will a vote for any party other than UKIP & Brexit Party. That's why it is important to vote.
I'm probably gonna vote Lib Dem.
You don't need polling card or any form of ID unless you live in one of the following
"Pendle, East Staffordshire and Woking - voters will be asked to show photo ID before they are given their ballot papers.
Ribble Valley, Broxtowe, Derby, North Kesteven and Braintree– voters will have to present either one form of photo ID or up to two forms of non-photo ID.
Mid Sussex, Watford and North West Leicestershire – voters will need to bring their poll cards as a means of identification."
I voted green - least worst option I felt due to to shower of shit available to pick somebody from