Monday, Feb 12, 2007
Average house price hits £200,000
BBC News: Govt's Own Dept Says Ave House is £201K
The average house price in the UK has now passed £200,000, says the Department for Communities & Local Government (DCLG).
Posted by nearly30 @ 10:29 AM (141 views) Add Comment
15 Comments
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1. nearly30 said...
A big valentine's card goes to Crash Gordon - thanks!!
This means that I must be earning £57K a year to afford the average house - oh hang on - i only earn 1/3 of that.
No can't be right - we're in the miracle economy - stupid me!
2. kpjcomp said...
Not a problem nearly30,.
Take out a 50 year IO mortgage. Or if for some daft reason you wanted to own your house you could scrimp & scape for a repayment mortage and when your 80 you might have paid for it.
3. Lovingit! said...
nearly30, If you just sell your iPod you'll be rolling in cash and easily able to afford 200k.
4. Laksaboy said...
The Daily Telegraph headline says a third of households depend on benefits for half their income and now we are told that average house prices are £200K. I'm confused. : (
5. bingo said...
I have been suffering from 'debt fatigue' for about 4 years now, I just can't face borrowing money or using credit cards. Do you think that it could be a legitimate syndrome? I really feel like it is probably more widespread than a lot of people think. It is one of those situations where I think I am someone elses slave if I borrow from them...
6. larry pickleman said...
I never owed a penny until at 24 i left belfast and went to universtity. Within 2 months of finishing and not getting a job my bank defaulted me. As the specials said, "it's all a load of bollox, and bollox to it all"...
7. Bearback said...
What we need is civil war!
8. nearly30 said...
On a lighter note - at least we are not in Zimbabwe:
Zimbabwe inflation nears 1,600% BBC: http://news.bbc.co.uk/1/hi/business/6354783.stm
9. glorious sunshine said...
nearly30...Exactly, consider yourself fortunate you can afford to rent in this country and keep enjoying your iPod!
Lovingit! I am with you on this one. These days they want to be gifted a detached luxury house and live it up too!
10. geed said...
OK I admit to you all I think have a problem. I am Debt free too and have been for years. I think I need counselling.
I didn't think it was a problem at first as I had student loan 5 or so years ago. Although my loan was small in value my Debt helped me feel part of society, you know not an outcast. Then foolishly I started paying off my loan at regular intervals. Looking back, this was the start of it, once I paid my student loan off it just snow-balled. I paid my Credit card off every month and saved thousands of pounds in the bank. I couldn't help it I was hoarding my own money, and for what? Did I think that paying my own way was helping society, trying to be some big shot standing on my own two feet saying "no one owns me; I am a burden to no one!". After graduating I was earning good money and although I was constantly given good advice to take out more credit cards, to take out cheap finance for an Audi TT and to maximise my mortgage lending ability, I point blank refused. Even when the banks slackened lending criteria and the Bank of England reduced interest rates to historically low levels I still did take their good will gestures on board. For some strange reason I had though that the government, society even, would reward my sound economic mind and my good financial bookkeeping.
It has gone on for too long; I admit the error in my ways. I now know that by having my own money and no debt, I have been ignorant to the "new ways".
Please help me redeem myself. I need to get into debt and fast. I want to maximise risk. I want spend other peoples money. I want to live my life the way the government encourages us all to live. I want to help fuel the asset bubbles of all kinds with money that is not mine!
Please lend me a hand in my time of need….
Bingo we should ask the Salvation Army to set up a "I just can't get into Debt helpline".
11. nearly30 said...
geed - don't worry - i think we should form a small counselling group!
I graduated and immediately started to pay off my loans - after 7 years am totally debt free.
This is scaring me a little! I refuse to get a credit card and live within my means.
This is a problem - I feel like a poor relation to my friends - they have BMWs or Audis on HP and a 'thraping' (local term) their credit cards with wild abandon. As a result they have their own homes, have fun and lots of stuff - arse.
Urban definition for 'thrape'
To "thrape" is to anything very hard and very fast having loads of fun doing it - normally without due care, attention or an acknowledgment of the obvious damaging consequences of the action. The act of thraping can be done by anyone with the mentality to do it - but extreme examples can be seen by 'chavs' who also display a total inability of using resources efficiently and actively behave in ways which are unsustainable and pointless.
For example - I thraped my Audi TT up the motorway.
This can be an uber-thrape if the the Audi TT is on HP filled up with petrol using your credit card!!
12. bingo said...
Geed, thanks for that, I thought I was alone in the world.. I have been shunned by society for the last few years. There was a time 2-3 years ago when I was a homeowner that I could walk down the street with my head held high in the knowledge that I was just like everyone else. I had a credit card and I wasn't afraid to use it (an old Texan saying, don't carry one unless you are prepared to use it). My wife and I both had really nice cars, she was driving an 03 discovery with a 4.6L petrol engine, oh the status, it was wonderful... and then it happened, an epithany (a sudden intuitive leap of understanding, especially through an ordinary but striking occurrence), I went into the local electronics retailer and couldn't get excited about the latest gadget... as hard as I tried, I just couldn't bring myself to want the new, faster, all better laptop... What had happened to me? I was confused, my life was in turmoil, I didn't enjoy being there anymore, I remember thinking, 'these people are all plebs'. I had been one of them just a short while before that. I actually felt as though I was standing on the outside looking in... after that, we got rid of the big cars, sold the house and started to rent, and began enjoying the money that the bank started to give US every month instead US giving the bank money every month. WOW, what a feeling, I feel alive again, I feel as though I am free.. There are still times when I harken back to the days when we had status and owned our own house, but then the automatic door opener on the garage will crap out again and I pick up the phone to call my landlord come and fix it immediately and I am calm again... Now and again, society tries to drag us back in, perhaps by refusing us a mobile phone contract because we don't own our own house so that if we default, apparently they can have us thrown out on the street. They look at us with such suspicion, that can't quite figure it out. They can't understand why we are not just like them??? And to be honest, I am ok with that. Because if more people thought the way I do, I wouldn't have as many people to have pity on...
13. David20040_0 said...
House price break the 200K barrier, can I have 15* salary loan please Mr Bank.
14. Lovingit! said...
Glorious Sunshine, that's great... Only I was being sarcastic...
15. dohousescrashinthewoods said...
Ha ha ha ha! Geed, Bingo, those are the best posts I have read. Fabulous. Thank you.