JimDiGritz Posted February 7, 2013 Share Posted February 7, 2013 http://www.telegraph.co.uk/finance/personalfinance/9853747/How-house-prices-have-risen-43-fold-since-1971.html A carton of milk would cost £10 and a roast chicken would be a £51 price tag if food costs had risen in line with house prices. Quite. Quote Link to comment Share on other sites More sharing options...
billybong Posted February 7, 2013 Share Posted February 7, 2013 Banks won't take milk and chicken as security. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted February 7, 2013 Share Posted February 7, 2013 Banks won't take milk and chicken as security. ..... Yet. Quote Link to comment Share on other sites More sharing options...
The Spaniard Posted February 7, 2013 Share Posted February 7, 2013 And the broad money supply has risen by how much? How much of that was through domestic and BTL mortgages? Any connection? http://www.positivemoney.org/consequences/house-prices/ Quote Link to comment Share on other sites More sharing options...
Toto deVeer Posted February 7, 2013 Share Posted February 7, 2013 Banks won't take milk and chicken as security. They will take Parmisan cheese. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted February 7, 2013 Share Posted February 7, 2013 What's the significance of 1971? A year when house prices hit bottom? It was in 1973 my parents moved to a house where the roof kept the rain out. They sold the old house to someone much richer, and I daresay the new roof wasn't the only improvement he made. I wonder how much value he added to that house? Probably 100% within a couple of years. And I expect it's had lots of other improvements since then: can it for 40 years have escaped double glazing, plumbing and rewiring to modern standards, or a nice gas boiler supplying heat and hot water, as well as decorative restoration? Quote Link to comment Share on other sites More sharing options...
billybong Posted February 7, 2013 Share Posted February 7, 2013 They will take Parmisan cheese. No wonder it's so expensive. So precious is the cheese that each wheel, weighing 80 pounds, or 36 kilograms, and worth about €300, is branded with a serial number so it can be traced if it is stolen. The branding seems a bit of a waste of money as the cheese can't be that difficult to sell in small pieces - but it'll keep someone in work. Quote Link to comment Share on other sites More sharing options...
JimDiGritz Posted February 7, 2013 Author Share Posted February 7, 2013 Yes. Cheese is the important theme here. Quote Link to comment Share on other sites More sharing options...
John The Pessimist Posted February 7, 2013 Share Posted February 7, 2013 Yes. Cheese is the important theme here. Yes, I was wondering what else has risen 43 times since 1971......<calling for suitably prurient remarks> How much was petrol in 1971? Quote Link to comment Share on other sites More sharing options...
yellerkat Posted February 8, 2013 Share Posted February 8, 2013 Yes, I was wondering what else has risen 43 times since 1971......<calling for suitably prurient remarks> How much was petrol in 1971? A quick Google throws up this Grauniad article claiming petrol was 7p/l. About 135p/l now so just under a 20-fold increase. Quote Link to comment Share on other sites More sharing options...
200p Posted February 8, 2013 Share Posted February 8, 2013 In 1971 President Nixon took the US off the gold standard. The world became detached from a monetary universe's anchor fixing post and became floating in a sea of fiat. If you can't hold onto the anchor post, you'll get sucked out - hold on!!! Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted February 8, 2013 Share Posted February 8, 2013 how much have wages increased since 1971 ? Mine have increased 40 fold Quote Link to comment Share on other sites More sharing options...
porca misèria Posted February 8, 2013 Share Posted February 8, 2013 A quick Google throws up this Grauniad article claiming petrol was 7p/l. About 135p/l now so just under a 20-fold increase. That figures. The oil price shock of '73 sent it straight from about 33p up above 90p. Per gallon, as it was then. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted February 8, 2013 Share Posted February 8, 2013 (edited) how much have wages increased since 1971 ? Mine have increased 40 fold Minimum wage has risen more than that, hasn't it? [edit to add] Yes I know there was no statutory minimum until recently. I mean in real life. Edited February 8, 2013 by porca misèria Quote Link to comment Share on other sites More sharing options...
Bosh Posted February 8, 2013 Share Posted February 8, 2013 Housing charity Shelter has looked at how much we'd have to pay for food today if prices matched house price inflation over the past 40 years. Using Office for National Statistics data, which shows house prices rose by over 43 times between 1971 and 2011, http://www.lovemoney.com/blogs/property-and-mortgages/house-prices/19646/what-would-happen-food-cost-inflation-same-as-house-prices?source=1000550 Enjoy your weekends Bosh Quote Link to comment Share on other sites More sharing options...
erat_forte Posted February 8, 2013 Share Posted February 8, 2013 Housing charity Shelter has looked at how much we'd have to pay for food today if prices matched house price inflation over the past 40 years. Using Office for National Statistics data, which shows house prices rose by over 43 times between 1971 and 2011, http://www.lovemoney.com/blogs/property-and-mortgages/house-prices/19646/what-would-happen-food-cost-inflation-same-as-house-prices?source=1000550 Enjoy your weekends Bosh This is a nice distraction. "how rich we are!" Why do they never do the calculation the other way round and itemise how different example houses would cost today if they had inflated in line with food? Why are people not disgusted at the long term debasement of our national currency? Quote Link to comment Share on other sites More sharing options...
billybong Posted February 8, 2013 Share Posted February 8, 2013 http://timetric.com/index/uk_price_bread_white_loaf_sliced_800g/ A chart of the price of bread since about 1971 (about x13). Almost exponential (especially since 1997 when the BoE took over "control" of inflation - fat lot of good that turned out to be) until 2008 but then it dipped but recently they've managed to get the price to start to take off again woohoo. Quote Link to comment Share on other sites More sharing options...
Bosh Posted February 8, 2013 Share Posted February 8, 2013 (edited) Double posted... Edited February 8, 2013 by Bosh Quote Link to comment Share on other sites More sharing options...
billybong Posted February 8, 2013 Share Posted February 8, 2013 (edited) Apparently a ticket to a Wembley Cup Final has gone up from about £2 to £115 (2011)- now that's a rip-off. http:// www.guardian.co.uk/worklifeuk/cost-of-living-1971-today Edited February 8, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
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