Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[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!