Latest Peice Of "genius" From Some "think" Tank!

[ToraToraTora]

So us older folk who have worked and saved all our lives must bale out the kids because the little darlings are finding it too difficult? Life is difficult life is unfair, get on with it.

[Garaman]

https://www.telegraph.co.uk/personal-banking/mortgages/baby-boomer-vs-gen-y-homebuying-in-1982-compared-to-2016/

[ToraToraTora]

London multiple is silly I agree but you'd have to be radio tio live there anyway. Tyhe rest is the same as it ever was, even cheaper in the north. London will start to drop once the place turns into the mad max wasteland it is rapidly becoming.

[EDDIE51]

I was all set to buy my council house back in 1982 for £19,000. At the last minute I was made unexpectedly redundant so I had to cancel. The house is now worth £210,000. I can see a day in the none too distant future when buying your own home will be impossible for the huge majority of people. We will all be renters apart from the millionaires.

[youngmafbog]

London has always been unaffordable for most unless you wanted to live in a tip.

The only thing that has changes is that places like Brixton Battersea etc have become fashionable and so the price has rocketed. But when we were you you either couldnt live (most houses were social rented and so not available) there or wouldnt want to.

[bhg481]

Spath doesn't seem to be able to grasp that house prices were low because wages were low. You were only able to borrow (I think) three times your salary and wife's wages were not taken into account. Then the feminists complained and the lenders started allowing some of the wife's earning to be counted; you could borrow more, so house prices went up. Then the lenders started allowing you to borrow a larger multiple of your (combined) salary and house prices went up again. If the government starts giving young people £10,000 first-time house prices will go up yet again and the rest will follow.

[youngmafbog]

20 Rothies was about a pound in 1982 if I remember rightly, now it appears to be about £11.00 in Sainsburies.

Comparing just two selective dates and items show nothing.

[Jackdaw33]

This is quite a useful site for comparing monetary values.

https://www.moneysorter.co.uk/calculator_inflation2.html#calculator

[mushroom25]

what conversion rate have you used $ = £, spath? or is that a typo, use of USD?

[ToraToraTora]

dunno where you got that spath, the average weekly wage was £20 in 1970, approx £1040, https://www.theguardian.com/uk/2004/mar/05/health.drugsandalcohol
Looks like an american figure because in 1970 there where more dollars to the pound.

[ToraToraTora]

spathy, if you use Aussie dollars you may get your figures to work! PMSL!

[ToraToraTora]

"I have my £ and $ all mixed"
so you think the average wage in 1970 was £6186? right oh!

[ToraToraTora]

I must say spathy is like the light brigade of AB posters, cannon to the left of him, cannon to the right, into the valley of death rode spathy! PMSL!

[mushroom25]

ignoring your $ sign then. your figure for wages today is not far off. your figure for wages in 1970 is out by a factor of 5.

did you graduate in maths with Diane Abbot, perchance?

[ToraToraTora]

//I think you're lost mate. "think" "genius".// - not me lost...
at 14:51 you stated that the average wage in 1970 was $6186 - you later said that you had confused dollars and pounds so the $6186 was in fact £6186. I don't think we are confused. Do you sincerey believe that the average annual wage in 1970 was £6186? is that not the case?