Quote Originally Posted by Doucas View Post
But £18,000 wasn't the average house price in 1976, it was about £11,500. So by your own figures that's 4x the average wage.

You say the average wage is £31,500 which is probably about right (although median wage would be better) but the average house price in the UK is now £290,000 which is about 9-10x that figure. Most mortgage providers will only loan up to 4x your salary now, are you starting to see the gigantic problem yet?

We have a generation of older people who despite no matter how many facts you're shown you will refuse to see how bad things are at the moment. Which is why things keep getting worse because you've got your heads in the sand and keep voting for this.

This shouldn't even need to be a discussion, it's like asking if the sky is blue.

And before I hear the 'you're just jealous' I am a homeowner.

Sources:

https://www.housepricecrash.co.uk/in...nal-inflation/

https://www.theguardian.com/business...starts-to-cool
Good for you. A 0.5% hike isn't going to hurt you - we were getting hikes of 2 and 3%.

The 2 sites you linked, well. The Guardian is the portent of doom and despair, and the other one has been predicting the crash of house prices for 20 odd years. We ain't all going to burn, starve, freeze. Just enjoy life, and stop reading all the depressing sh*t..