Report The Real Cost Of Hpi in House prices and the economy Posted May 23, 2007 A women I knew bought a once bed flat in the south east for 45k in 1999 while earning 11k working in McRetail. Night and day, night and day. Well there you have hit the nail on the head. When I bought my first house in 1981 (for about £11k - prices rising strongly) I certainly wasn't rich. I was a trainee accountant on around £3.5-4k a year. In fact none of the people in the street were wealthy by any standard. Most had routine factory/office jobs if they weren't retired. Now it would require a professional couple with two professional incomes to buy the same house (those same properties now are worth £180k). That is a measure I think of how the economy is failing and how people are working harder and harder for less and less. So when people say "its different now" they are right, but not in the way the mean.