Under 45? Oh dear!

[BlasterBates]

Well a generation ago a teacher could buy a nice house, and a doctor a nice place with land. Today, this is far less achievable. Far far less achievable.

1990 Teacher starting salary - 9 grand, average house price 54000, interest rates 14%
2015 teacher starting salary - 25 grand, average house price 195000, interest rates 5%

my Father was a Doctor, no way could you afford a nice place with land a generation ago; only if you ran a private practice in Harley Street.

We lived in the same street as the teachers, you needed two earners to live in a nice house.

[PurpleGorilla]

Under 45? Oh dear!

1990 Teacher starting salary - 9 grand, average house price 54000, interest rates 14%
2015 teacher starting salary - 25 grand, average house price 195000, interest rates 5%

Why do you always use 1990? You pick an extreme to try and make a point.

1985 teachers average salary £25k average house £34k, rates 11%

2014 teachers average salary £55k average house £195k rates .5%

[LucidDementia]

Why do you always use 1990? You pick an extreme to try and make a point.

Even then he has shown himself up.

Average house price moves from 6x salary to 7.8x salary and deposit requirements? Just shy of a year's wage.

[PurpleGorilla]

Under 45? Oh dear!

Even then he has shown himself up.

Average house price moves from 6x salary to 7.8x salary and deposit requirements? Just shy of a year's wage.

Shown myself up how? Lies, damn lies and statistics. You need something like this to really compare;

[PurpleGorilla]

Shown myself up how? Lies, damn lies and statistics. You need something like this to really compare;

As you will see 1990 is an extreme - to try and prove a point.

QED

[BlasterBates]

Even then he has shown himself up.

Average house price moves from 6x salary to 7.8x salary and deposit requirements? Just shy of a year's wage.

Interest rates!

5% vs 15%

Now compare the monthly morgage payments.

[PurpleGorilla]

Interest rates!

5% vs 15%

Tempered by stricter lending practices.

[LucidDementia]

Shown myself up how? Lies, damn lies and statistics. You need something like this to really compare;

Erm, I was actually on your side and making your point, but no worries.

[PurpleGorilla]

Erm, I was actually on your side and making your point, but no worries.

In which case thank you - sorry seems like I am the only one who thinks house prices are crazy!

[LucidDementia]

In which case thank you - sorry seems like I am the only one who thinks house prices are crazy!

You are not alone. They are crazy. Battulip crazy.