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iamdamosuzuki

What Could I Have Bought?

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Checked the link but it isn't granular enough.

For instance I live in Devon in the southwest, the only option it gives me is "The South". The variations in the south are massive. If it was by postcode or town it might actually be useful.

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The model assumes that you need to loan almost the full value of a house. That is a reasonable assumption today, given that buyers have been forced into University debt and probably had no opportunity to save given renting conditions.

But in the seventies and eighties you may well have saved up for a few years, having left school at 15 or 16...put up to a third or more down as a deposit on what after all were give away house prices and bought a much better house than your salary would suggest you could afford.

I remember a Brookside plot back then..Sinbad had £40,000 ''burning a hole in his pocket''...lifetime savings..... was considering buying a three bed detached outright on Brookside Close. Don't think he was working, so basically you didn't necessarily need a big salary to afford a good house back then. Totally implausible plot now.

Edited by crashmonitor

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