Quote Originally Posted by Doucas View Post
Yes but on the survey done 48% thought a factor was people spending too much on Netflix.
Netflix is Ł14.99/month or so. Either the people interviewed live in very cheap areas, or they haven't really thought how much a house actually costs.

Whilst house prices are rising, I do think the underlying point is that people do have so much more stuff to buy these days than many years ago (phones, internet, subscriptions and so on). However, even if we make allowances for these additional costs, it still doesn't explain why previously a house cost 3x average salary and now its 7x average. house price rises and slower wage growth isn't helping.

What also hasn't helped is that people are living longer, so houses/wealth aren't being passed down the generations as quickly as previously.

Maybe we just move away from the Thatcher doctrine of home ownership and look towards the European model where renting is so much more the norm.