Average prices/earnings

RickHolt · Traffic Copper Joined: 17 Mar 2004 Karma :

Just got in from work this morning and am watching the BBC news. It just said that the average house price is £175k and the average wage is £25k. I've been looking at houses for a few months now and from what I've seen there's plenty of houses for less than £100k. I also like to think that my wages aren't that bad at around £14.5k (Will be about £17k after training).

How do they decide what the average wages/house prices are? I was really happy with my job and how things are going until I head that lol. The £60k houses they're talking about building look terrible and I don't understand what the problem is to be honest. There's plenty of houses out there, you just have to move to an area you can afford to live in.

Suddenly left feeling very inferior Confused

Rick.

P.S> If my girlfriend had 4 kids and I had no job, would I get the national average pay in benefits.... oh and a national average house... ?

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

Dont worry mate, those averages take into account central london where you have to sell your granny to get a 1 bed flat and can only get TPO on you hamster. Laughing

There are advantages to living up north. Wink

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colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

yeah people down south earn more too

down south they talk about nurses or teachers or firemen being poor and how can they manage to live on £20k

I doubt I will ever earn £20k let alone £25k

it can be surprising when you realise you will never get the national average wage, but unless you have a plan to get a better job, you might aswell just accept it.
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FreshAL · Sir Crashalot Joined: 04 Jul 2005 Karma :

House? for less than £100k? You must be a northener.

2 bed terrace here is about £130,000

Can't afford to buy? Rent is about £300/month per room excl. bills.

I'm getting me a cardboard box.

Cookie! · Renault 5 Driver Joined: 06 May 2006 Karma :

Silver · World Chat Champion Joined: 03 Oct 2004 Karma :

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

McJamweasel · BCF Junkie Joined: 22 Mar 2002 Karma :

zaknafien · Joined: 25 Mar 2002 Karma :

Our 5 bedroom semi is only worth 100k.
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colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

i love the quote in your sig
some things never change
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zaknafien · Joined: 25 Mar 2002 Karma :

innominate · Brolly Dolly Joined: 18 Nov 2004 Karma :

Slightly OT

Politicians, should only be able to be paid the average UK wage.
This would actually give them some impetus to raise the living standard for everyone.
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akaDAVE · World Chat Champion Joined: 01 Sep 2005 Karma :

yes don't worry about the averages, if you can make do and buy a house then you're better off than most.
I used to be suprised when I see figures like that in the paper. I earn about average but I think the average for london is about 35k or something because of people like Michael ballack and City traders earning 100k before lunch time....
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JonB · Afraid of Mileage Joined: 03 Jun 2004 Karma :

Rickholt, think yourself lucky, down south especially in the SE house prices are extortionate but in the past the 10 years House rices in the Southwest are rocketting due to the amount of Londoners packing up and moving to the country and buying a caravan.

The House I have lived in all my life when my parents bought it in 1987 was only £32k, in 2006 our latest valuation is £135k. That's for a 3 bedroom end terraced 1960's house. Smile

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Itchy · Super Spammer Joined: 07 Apr 2005 Karma :

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nc30 chick · Traffic Copper Joined: 13 Jul 2004 Karma :

You could never buy a house in Bracknell for under £100,000. you might get a tent or a shed but not a house! We paid £110 K 7 years ago and now it has almost doubled in price and we live in an end terrace 3 beds. I dont know how people can afford to live on £14K with house prices like they are in the south. If you move north then houses are cheaper but so is cost of living in general and wages are also lower so its a no win situation really.

Harold_Shand · World Chat Champion Joined: 07 Jun 2004 Karma :

Live on a narrowboat. Buy one today for £31,500. Ask me how.

Better than renting and it's an investment.
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Harold_Shand's theory might be the best explanation.

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

its not an investment, cos it wont go up in value like a house, and it will cost to maintain and pay for things like costs to moor it somewhere

but probably one up from renting
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biggerjohn · Spanner Monkey Joined: 11 Apr 2005 Karma :

House prices are insane here in London.

The house I was born in was bought for £6500 in 1970 at that point it was 3 times the annual salary of my father (building site labour at the time)

Now the house would cost £450000+ witch is more like 18 times the average salary.

Now I am paid well but would need a 100k+ pay rise to be in the same position as my father when he bought.

That’s what is wrong with the price of housing in this country it’s the link to earnings v cost it completely out of whack.

Sad thing is the only way to beet the system is to become part of the system as rents her in the London often cost more than the moorages on the property if you bought it yourself.

P.S. I think I will cry if some one else tells me there living in a house I could by with a credit card while desperately try to find a home I could afford in the town I was born in.

Kickstart · The Oracle Joined: 04 Feb 2002 Karma :

Itchy · Super Spammer Joined: 07 Apr 2005 Karma :

yeah well this has a double trap attached to it , in 2007 theres gonna be a council tax revaluation which happened in Wales last year , they delayed it in England for the local elections which they were still slammed at.

Which means you house going up in value x4 = your council tax going up by x4.

They said in Wales it would be revenue neutral it wasn't but they say the England one will be absolutely neutral , but if you believe that you'll believe anything.

imagine that paying 4K for council tax on my pissy income it'd be nigh 33%
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Villers · World Chat Champion Joined: 13 Sep 2004 Karma :

Im slightly above the national wage at the moment, but Im having to wait until my gf gets a better paid job before we can move in together. Im also working my bollocks off to get on to the next wage increase, which ironically on paper is about a 7k rise but ends up being about the same, its a step towards my ideal grade though.

Im sick of home owners having a go for 'living at home'. Why dont you get your own place etc etc. Now let me see, you live in a 3 bed semi that you and your bird bought six years ago for 35K, its now worth 110K. Can you not see why its a bit more difficult when the grass isnt so green. A 110K mortgage would be about 600 quid a month, plus bills, plus council tax etc we are looking at 2/3's of my monthly wage gone before I shell out for petrol to get me to work and for food so I dont die. I would end up with very very little to look after myself with let alone paying for unpredictable events like repairs etc.

yet still the morons ask why I havent moved out. I will have to save up for the next hundred effing years. Why have house prices gone up so viciously? We dont make any more money, building materials etc havent gone up. Is it because people are willing to pay these prices that it all continues, do we keep pushing ourselves that one step further and accept that a shitty 1 bedroom flat is worth 100k nowadays. Its ridiculous to say the least.

feel better now Thumbs Up

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colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

plugger147 · World Chat Champion Joined: 13 Mar 2005 Karma :

Sorry colin I have to disagree with you, the way the government cover up and waste so many funds I could imagine that they are pasting over some pretty bad shit and we are all gonna be looking at a financal downfall.
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