Originally posted by shaunbhoy
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Reply to: Ok, what's happened to AtW?
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Previously on "Ok, what's happened to AtW?"
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He discovered that the term Bob doesn't just apply to India and that he too is infact a 'Bob'.Originally posted by Spacecadet View Posthe flounced, got upset about his new flat purchase
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For wages to catch up with the average house price price of about £165K, and to fulfil the average-over-time P/E ratio of about 4, the average wage in the UK would have to be about £40K.Originally posted by administrator View PostWhy a couple of months? I don't know if we will hit a bottom in the housing market in the next few years or if inflation will keep prices as they are until wages catch up.
Don't see that happening anytime soon - in fact the headline median salary has fallen over the last 3 years.
House prices in the Uk are still in unreal boom territory, kept that way by unreal 0% interest rates, so people don't have to sell and test the market for what the property is really worth.
Something will have to give, reality has a habit of eventually catching up.
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Word on the street is...Originally posted by administrator View PostWhy a couple of months? I don't know if we will hit a bottom in the housing market in the next few years or if inflation will keep prices as they are until wages catch up.
nah, that'd be telling.
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Why a couple of months? I don't know if we will hit a bottom in the housing market in the next few years or if inflation will keep prices as they are until wages catch up.Originally posted by Churchill View PostCracking under the pressure, eh?
If I were him I'd wait a couple of months before buying.
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he flounced, got upset about his new flat purchaseOriginally posted by Churchill View PostWho's upset him(again) this time?
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Ok, what's happened to AtW?
Who's upset him(again) this time?Tags: None
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