„Only the top 10% of earners in England can afford current house prices“ is a bit disingenuous because most people buy houses as a couple. £72k is £4,355 take home for one person (assuming 8% pension contribution), or two people earning £31k, which is barely above minimum wage.
John_Williams_1977 on
Always been the way you bought a house with your partner – 2 incomes. We had a brief period where people were doing so well they didn’t need to. Now we have a reversion to average.
Commercial-Silver472 on
How come most people own a house then. Maybe because people buy them as a couple.
Ok-Commission-7825 on
The first party to ignore all the forces trying to make the political agenda all about who a few dozen illegal immigrants are and what sports team 1% of 1% of the population should be on, and instead shows that they know this is THE issue for most people and make real moves to fix it, wins the next few elections.
louwyatt on
Considering the average household in the UK owns their house to a degree (has a mortgage or owns outright). This is clearly a bunch of rubbish
plawwell on
This is what happens from 14 years of Tory rule. It can’t be undone in ten minutes by Labour. Blame the felons like BoJo, Cameron, Truss, May, etc.
plawwell on
Home prices increased 4x in Hampshire between 1980 and the late-90s.
luala on
Never mind, at least Jeff Bezos had a nice wedding
Correct-Junket-1346 on
By design, lack of house building by multiple governments, houses being bought and left empty by hedge fund lords, lack of regulation is the whole house buying sector.
Jensablefur on
As I’ve said before this is going to be the great class divide.
Nobody in normal jobs will afford a mortgage and being a future inheritor of bricks and mortar as opposed to being a forever renter will make you one of the priliviged ones. Already happening in front of our eyes.
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„Only the top 10% of earners in England can afford current house prices“ is a bit disingenuous because most people buy houses as a couple. £72k is £4,355 take home for one person (assuming 8% pension contribution), or two people earning £31k, which is barely above minimum wage.
Always been the way you bought a house with your partner – 2 incomes. We had a brief period where people were doing so well they didn’t need to. Now we have a reversion to average.
How come most people own a house then. Maybe because people buy them as a couple.
The first party to ignore all the forces trying to make the political agenda all about who a few dozen illegal immigrants are and what sports team 1% of 1% of the population should be on, and instead shows that they know this is THE issue for most people and make real moves to fix it, wins the next few elections.
Considering the average household in the UK owns their house to a degree (has a mortgage or owns outright). This is clearly a bunch of rubbish
This is what happens from 14 years of Tory rule. It can’t be undone in ten minutes by Labour. Blame the felons like BoJo, Cameron, Truss, May, etc.
Home prices increased 4x in Hampshire between 1980 and the late-90s.
Never mind, at least Jeff Bezos had a nice wedding
By design, lack of house building by multiple governments, houses being bought and left empty by hedge fund lords, lack of regulation is the whole house buying sector.
As I’ve said before this is going to be the great class divide.
Nobody in normal jobs will afford a mortgage and being a future inheritor of bricks and mortar as opposed to being a forever renter will make you one of the priliviged ones. Already happening in front of our eyes.