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That explains some of the property price boom then. Today's 200 grand house is still really only 132 grand in real terms. It's the pound that's lost value not the house that's gained it.
"If it floats, flies, or f***s, lease it." - Evel Knievel when he wasn't jumping buses or women
My first prop'er job in 1996 paid me a handsome 15 grand it did. Back then, a nice 3 bed semi would cost around 70k.
My last permie job a couple of years back paid around 60k, and the same house on my street was worth £250k.
A 70k house whilst on a 15k salary seems eminently more affordable than 250k whilst on a 60k salary. Even though the multiples are approx. the same, everything was much more affordable then, like cigs, bread, petrol etc.
Even tho I earn more now as a contractor, I still feel poor.
Yeah I feel poor too. Neighbours are whizzing around in brand new cars, hauling back shed loads of designer gear at weekends, but still look like miserable gits.
Maybe I'm a tight-arse who doesn't mind being seen in a rust-bucket praying my clothes will come back into fashion someday, but I bet many of them are living it up on the plastic.
Maybe I should feel better about being debt free, mortgage free, and generally free to do what the f I want. Whhooohoooo!
"If it floats, flies, or f***s, lease it." - Evel Knievel when he wasn't jumping buses or women
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