okaycuckoo Posted November 16, 2013 Share Posted November 16, 2013 No idea how useful this is, but you can play around with comparisons to other countries on various measures - income/rents/inflation: http://www.economist.com/blogs/dailychart/2011/11/global-house-prices Britain is always first. It makes me to cry with the pride. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted November 16, 2013 Share Posted November 16, 2013 Indeed very impressive chart once you start 'playing about with it'. Wonder how representative Q1 1975 is of the long running average. From that view point we are 14% overpriced on the earnings comparison but 76% up on the low of Q1 1996. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 16, 2013 Share Posted November 16, 2013 No idea how useful this is, but you can play around with comparisons to other countries on various measures - income/rents/inflation: http://www.economist.com/blogs/dailychart/2011/11/global-house-prices Britain is always first. It makes me to cry with the pride. You obviously aren't trying hard enough. There is one country that outclasses us. Prices against income and a huge 50 points better on prices v rents. Canada..... Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted November 16, 2013 Share Posted November 16, 2013 Canada..... From Housing, leverage and stability in the wider economy speech by David Miles BTW - what the hell is the red line about? Quote Link to comment Share on other sites More sharing options...
macbeth79 Posted November 16, 2013 Share Posted November 16, 2013 You obviously aren't trying hard enough. There is one country that outclasses us. Prices against income and a huge 50 points better on prices v rents. Canada..... If only we could get the Canadian architect of this boom to help us. Quote Link to comment Share on other sites More sharing options...
silver surfer Posted November 16, 2013 Share Posted November 16, 2013 From Housing, leverage and stability in the wider economy speech by David Miles BTW - what the hell is the red line about? I guess Ireland, Spain, and France would be quite a bit lower if they weren't measured in an artificially high Euro currency. If they had kept Punts, Pesetas, and Francs the picture would look quite different (as indeed it would in the other direction for Germany). Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted November 16, 2013 Share Posted November 16, 2013 If only we could get the Canadian architect of this boom to help us. Quote Link to comment Share on other sites More sharing options...
davidg Posted November 17, 2013 Share Posted November 17, 2013 I guess Ireland, Spain, and France would be quite a bit lower if they weren't measured in an artificially high Euro currency. et si ma Tante en avait, on l'appellerai mon Oncle... Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted November 17, 2013 Share Posted November 17, 2013 What's more important than the REAL value of your house? Quote Link to comment Share on other sites More sharing options...
Freeholder Posted November 17, 2013 Share Posted November 17, 2013 According to the Economist graph houses now cost about two and a half times as much in real terms as they did when I bought my first house. I recall I borrowed less than three times my salary. My wife was earning as well. We had enough money to live rather than just get by. Pure luck on my part of course and I would love to see todays young people be as lucky as I was. We seem however to be cursed with one government after another too demented to see this simple truth. Quote Link to comment Share on other sites More sharing options...
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