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[Mr Skrunts]

Vauxhall Magnum  £17,995

1977 (R reg)  45,597 miles

1.8 3dr

That must be about 1200% more than it cost new.

Hope the seller gets what he wants for it.

[Mr Skrunts]

Vauxhall Lotus Carlton £115,000

1993 (L reg)  34,000 miles

3.6 i 4dr

I once saw one for sale, garage showroom all its life (cant remember if it was still delivery mileage or not)  Sale price was £20K (bet that guy is kicking his self now)

[Mr Skrunts]

6 Nissan Skylines for sale for over £100K each.

Some may be heavily modded butthese prices are crazy

[Field Marshal Dr. Opti]

My Signum must be worth millions if a tarted up Viva can go for £17995.

[Field Marshal Dr. Opti]

Back in 1989/90 the Lotus Carlton was £48000......almost twice the price of an M5.

In the same year I paid £41000 for a house.

[Migv6 le Frog Fan]

£18k for a 1800 Magnum is madness. My best mate had one in the 70,s. They looked ok but were a crap car.
Slow, heavy ,and handling a bit ponderous.
Iirc he paid about £800 for it when it was around 5 years old, from a Vauxhall dealer, and I thought he was robbed.

[Field Marshal Dr. Opti]

£18k for a 1800 Magnum is madness. My best mate had one in the 70,s. They looked ok but were a crap car.
Slow, heavy ,and handling a bit ponderous.
Iirc he paid about £800 for it when it was around 5 years old, from a Vauxhall dealer, and I thought he was robbed.

The 2300 version went acceptably well with a torquey 4 cylinder lump in a light car.

But as you rightly say, £18000 is insanity.

[Doctor Gollum]

It will be nearer £25k by the time you've got the LS running in it...

[Rangie]

6 Nissan Skylines for sale for over £100K each.

Some may be heavily modded butthese prices are crazy

. 

Announced on the lunchtime news ,used car prices are up by 31 percent obviously this doesn't include the "classic " type car being spoken about they are as much as people are prepared to pay.

[Andy B]

Back in 1989/90 the Lotus Carlton was £48000......almost twice the price of an M5.

In the same year I paid £41000 for a house.

that was an expensive house then. I bought my first house in March 88 .... 3 bed semi for £26k

[TheBoy]

Back in 1989/90 the Lotus Carlton was £48000......almost twice the price of an M5.

In the same year I paid £41000 for a house.

that was an expensive house then. I bought my first house in March 88 .... 3 bed semi for £26k

I think my first, in 1991, was £55k for a 3 bed semi with garage on a grotty estate in Aylesbury.  Prices were artificially low, as interest rates had blown through the roof at the time, around 14% IIRC.

[Rangie]

Our first property was a brand new flat in 1974 in South Croydon £10,750 ,sold it 5 years later for £14,995 and bought a brand new 3 bedroom semi for £19,995 now valued at £650,000 .

[TheBoy]

*Sigh*, they are trying to get me to spend a week in Croydon just after Xmas.  But as its such a monumental shithole, I don't want to .

Still, at the rate of apathy to basic requirements to prevent the sniffles spreading, we'll be in full on lockdown then, and all hotels closed

[Rangie]

*Sigh*, they are trying to get me to spend a week in Croydon just after Xmas.  But as its such a monumental shithole, I don't want to .

Still, at the rate of apathy to basic requirements to prevent the sniffles spreading, we'll be in full on lockdown then, and all hotels closed

. 

I've got one Aunt left in Croydon but she now has Dementia so absolutely no point in visiting down there anymore ,she wouldn't have a clue who we are, been backwards & forwards most of the year as having to deal with two properties one now sold thankfully.
Loved living there until we moved in 1987 could see then what was happening to the area.

[Sir Tigger KC]

*Sigh*, they are trying to get me to spend a week in Croydon just after Xmas.  But as its such a monumental shithole, I don't want to .

Still, at the rate of apathy to basic requirements to prevent the sniffles spreading, we'll be in full on lockdown then, and all hotels closed full of illegal immigrants!

Amended that for you TB. 

[ronnyd]

My first house, in early 80s, was £4,350. Brand new 3bed semi. Sold it six months later for 9k. Those were the days.

[TD]

I bought my first house in 1987 for £42,500, 2 bed terrace...put double glazing in, revamped rear garden..sold it 12 years later for £42,500  housing market was shite tho....only good thing about it was the next house i bought was also suffering from the crap housing market and i got it at a good price in a better part of town 

[STEMO]

My dad got an egg box from the local Co op and the family lived in that till I was 12. Then next doors dog died and they let me move into the kennel. It got a bit tight in there as I grew so, at 17, I joined the army.

[STEMO]

Kennel? Bloody luxury.......

[Migv6 le Frog Fan]

I dreamed of an egg box. 

[Doctor Gollum]

Our puddle was nice in the summer... 

[TheBoy]

house, in early 80s, was £4,350.

Thats about how much my parents paid for the house I grew up in, in 1972.  Sold it in 1988 for £175k .  In came up for sale again in 1989, £135k

Timing is everything.

[Field Marshal Dr. Opti]

house, in early 80s, was £4,350.

Thats about how much my parents paid for the house I grew up in, in 1972.  Sold it in 1988 for £175k .  In came up for sale again in 1989, £135k

Timing is everything.

 In 1971 Mrs Opti's parents paid £5000 for a brand new 4 bed detached with a garage.

He was earning roughly £2500 PA at the time so the house purchase amounted to twice  his annual salary.

In 2021 an average house is anything from 6 to 10 times the average wage which is why the young people struggle to buy their first home.

In London (even the parts that are usually on fire) it is almost impossible for the 'average Joe' to buy.

[Field Marshal Dr. Opti]

How did car prices become house prices.

[Doctor Gollum]

Ten times my salary would struggle to buy much more than a studio flat around here

[Field Marshal Dr. Opti]

Ten times my salary would struggle to buy much more than a studio flat around here

And therein lies the problem.

Wages are unrelated to the price of property.

It was not always thus.

[STEMO]

And......the BOE are relaxing the affordability criteria. At the moment the lender has to check if you could still afford the repayments if interest rates increased by 3% so, if you're paying 2.5%, you would have to be able to afford 5.5%. They are lowering that figure because interest rates have been historically low for years now.
It will end in tears, but it always does. We never learn.

[Rangie]

Talking of houses we've actually had an offer today which we've accepted on the remaining house in Croydon at last , never dreamt we'd get one this time of year.

[Andy B]

How did car prices become house prices.

that was my fault ... 

[Andy B]

This was from the local paper from about 1937 .... those same houses are now around £250k
No idea what the average wage was back then. 

[Doctor Gollum]

£130 a year...

http://moneyquestioner.co.uk/money/cost-living-cheaper-today-80-years-ago/

[Field Marshal Dr. Opti]

£130 a year...

http://moneyquestioner.co.uk/money/cost-living-cheaper-today-80-years-ago/

It said the national average across all sectors was £153 P/A..... so the house that Andy Beanz mentioned was roughly 3 times the average wage of the time.

I believe houses were 'relatively cheaper to buy' in the fifties and sixties. In the 1930's very few people owned their own home, the vast majority renting.

In the 1930's 'owning your own home' would have been seen as a luxury, as would owning a car.

[STEMO]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

[Raeturbo]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

.
                    How much a month was the mortgage nearing the end of the purchase?

[STEMO]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

.
                    How much a month was the mortgage nearing the end of the purchase?

No idea, Rae, I'd well buggered off before then.

[Andy B]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

if it had an outside toilet in the back yard, it wasn't a back to back. Back to back were literally back to back with each other .. they had a front door ..... the back of the house was the back of the house behind you.
Those terraces you see at the beginning of Coronation St are NOT back to back 

It blows my daughter's mind that her Dad lived in a terrace like you described Steve .... outside toilet & no bathroom. 

[Field Marshal Dr. Opti]

I miss ice on the inside of the windows.

[Rangie]

When I was a kid my parents had a top floor flat right opposite Crystal Palace park must have been 1961, think the rent was around £5 per week I thought it was great at the time I knew every inch of that park a brilliant time.

[Doctor Gollum]

£130 a year...

http://moneyquestioner.co.uk/money/cost-living-cheaper-today-80-years-ago/

It said the national average across all sectors was £153 P/A..... so the house that Andy Beanz mentioned was roughly 3 times the average wage of the time.

I believe houses were 'relatively cheaper to buy' in the fifties and sixties. In the 1930's very few people owned their own home, the vast majority renting.

In the 1930's 'owning your own home' would have been seen as a luxury, as would owning a car.

I went with £130 because Bury is basically Mancchester and £130 was the city average

[Field Marshal Dr. Opti]

£130 a year...

http://moneyquestioner.co.uk/money/cost-living-cheaper-today-80-years-ago/

It said the national average across all sectors was £153 P/A..... so the house that Andy Beanz mentioned was roughly 3 times the average wage of the time.

I believe houses were 'relatively cheaper to buy' in the fifties and sixties. In the 1930's very few people owned their own home, the vast majority renting.

In the 1930's 'owning your own home' would have been seen as a luxury, as would owning a car.

I went with £130 because Bury is basically Mancchester and £130 was the city average

I think Bury is a bit more posh....

[Andy B]

£130 a year...

http://moneyquestioner.co.uk/money/cost-living-cheaper-today-80-years-ago/

It said the national average across all sectors was £153 P/A..... so the house that Andy Beanz mentioned was roughly 3 times the average wage of the time.

I believe houses were 'relatively cheaper to buy' in the fifties and sixties. In the 1930's very few people owned their own home, the vast majority renting.

In the 1930's 'owning your own home' would have been seen as a luxury, as would owning a car.

I went with £130 because Bury is basically Mancchester and £130 was the city average

I think Bury is a bit more posh....

You'll do for me 

[Raeturbo]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

.
                    How much a month was the mortgage nearing the end of the purchase?

No idea, Rae, I'd well buggered off before then.


       👍🙂

[STEMO]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

if it had an outside toilet in the back yard, it wasn't a back to back. Back to back were literally back to back with each other .. they had a front door ..... the back of the house was the back of the house behind you.
Those terraces you see at the beginning of Coronation St are NOT back to back 

It blows my daughter's mind that her Dad lived in a terrace like you described Steve .... outside toilet & no bathroom. 

Oh right. We weren't actually bottom of the pile then, we had a back yard. Posh or what? 

[Andy B]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

if it had an outside toilet in the back yard, it wasn't a back to back. Back to back were literally back to back with each other .. they had a front door ..... the back of the house was the back of the house behind you.
Those terraces you see at the beginning of Coronation St are NOT back to back 

It blows my daughter's mind that her Dad lived in a terrace like you described Steve .... outside toilet & no bathroom. 

Oh right. We weren't actually bottom of the pile then, we had a back yard. Posh or what? 

[TheBoy]

In 2021 an average house is anything from 6 to 10 times the average wage which is why the young people struggle to buy their first home.

In London (even the parts that are usually on fire) it is almost impossible for the 'average Joe' to buy.

Which is why my solution is the solution to all problems. Reduce the demand for housing, the prices drop.

TB for President of the UK!

[TheBoy]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

if it had an outside toilet in the back yard, it wasn't a back to back. Back to back were literally back to back with each other .. they had a front door ..... the back of the house was the back of the house behind you.
Those terraces you see at the beginning of Coronation St are NOT back to back 

It blows my daughter's mind that her Dad lived in a terrace like you described Steve .... outside toilet & no bathroom. 

Oh right. We weren't actually bottom of the pile then, we had a back yard. Posh or what? 

Yeah, rich posh kid. You would have got the shite kicked out of you at my school

[Field Marshal Dr. Opti]

I've posted it before but I don't want to feel left out 
When I was 11 in 1964 my dad sold our two up two down back to back with no bathroom and an outside lavvy for £250. He bought a three bed terrace with a bathroom and kitchen extension for £1950. 25 year mortgage was £16 a month.

if it had an outside toilet in the back yard, it wasn't a back to back. Back to back were literally back to back with each other .. they had a front door ..... the back of the house was the back of the house behind you.
Those terraces you see at the beginning of Coronation St are NOT back to back 

It blows my daughter's mind that her Dad lived in a terrace like you described Steve .... outside toilet & no bathroom. 

Oh right. We weren't actually bottom of the pile then, we had a back yard. Posh or what? 

Yeah, rich posh kid. You would have got the shite kicked out of you at my school

Any kid with both ears was considered a nancy boy at my school.

[Migv6 le Frog Fan]

Almost every day at my school involved attendance of some combination of the Army / Police / Fire brigade - and occasionally all three at once. 
I only chinned one teacher, so I was only mildly delinquent, and he was coming across a bit creepy so kept quiet. One 15 year old pulled a gun on a teacher who was going to give him the cane.
He regretted it though when his Dad found out. Dad was one of the big paramilitary figures in the area and beat the living shite out of him.

[Rangie]

I hated secondary school with a vengeance, eventually my father was called in & I was read the riot act , when I left school my headmasters parting words to me were " Master T****** you will amount to nothing and have nothing" fat lot that silly bastard knew..😂😂😂