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[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.