Georgia O'Keeffe Posted September 19, 2009 Share Posted September 19, 2009 The joint income argument is an interesting and common one for explaining the affordability of these current prices but the only data I have come across is as below. It is possible to argue given the disparity between male and female earnings that the current trend suggests a real drop in household joint income. you should post that to Harriet, shed probably get a boner Quote Link to comment Share on other sites More sharing options...
redprince Posted October 18, 2009 Share Posted October 18, 2009 Have to say if you look at things logically it is a fact that along with ruinously cheap credit hp`s rose also because of a public sector jobs bonanza that was arguably unaffordable in the good times and as we all know is not affordable now.Swingeing cuts to the public sector workforce will be necessary to avoid punitive interest rate hikes to save the GBP from freefall.You cant have it both ways.Taking those cuts into consideration and the probability of interest rate rises there is going to be very considerable downward pressure on hp`s imho. Also factor in lack of credit and personal debt levels at record highs-the only way is down. Great thread folks. Quote Link to comment Share on other sites More sharing options...
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