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Executive Sadman

Places That Are Cheaper In Real Terms Than In 1995!

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Dail Mail inflation calculator puts 20 year inflation at 73.6%

No, not Soho, where a terrace is 1263% of the price it was in 1995 now...

http://www.home.co.uk/guides/house_prices_report.htm?location=soho&all=1

Not Cambridge, where a flat is 479% of the price it was in 1995 now...

http://www.home.co.uk/guides/house_prices_report.htm?location=cambridge&all=1

Not averagely average Northampton, where all types combined are 289% of their 1995 price.

http://www.home.co.uk/guides/house_prices_report.htm?location=northampton&all=1

But want a flat in Redcar, your luck is in, only 47% more now than in 1995!

http://www.home.co.uk/guides/house_prices_report.htm?location=redcar&all=1

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Whats the wage inflation been in this neck of the woods over this period?

according to measuringworth, 'average' wages grew 86%...cant find ONS data for median, other than a graph without raw data link, but the gap between median and average has grown slightly, so probably about 75%, ie a similar rate to inflation.

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according to measuringworth, 'average' wages grew 86%...cant find ONS data for median, other than a graph without raw data link, but the gap between median and average has grown slightly, so probably about 75%, ie a similar rate to inflation.

In its own way, that Redcar flat is just as overpriced as the other places.

To say there are a lot of empty houses around Middlesbrough is to say that Everest is tall.

Noone wants to live there including the the people who live there.

People living around that area are trying to move move to smaller, nicer settlements: Midddlesbrough -> Yarm, Nunthorpe, Guisborough.

Redcar -> Saltburn.

There's been no wage increase as there have been no jobs in Redcar.

WHat you're talking about is income growth, which will be all tax credits.

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according to measuringworth, 'average' wages grew 86%...cant find ONS data for median, other than a graph without raw data link, but the gap between median and average has grown slightly, so probably about 75%, ie a similar rate to inflation.

Whats the wage inflation been in this neck of the woods over this period?

One thing to also bear in mind is the monthly interest amount over the last few years has plummeted. In 1995 we would have been looking at about about 6% interest, now we will be paying 2%.

The rate of interest is factored into asking prices, I bet if rates were back at 6%, prices would be 50%+ less.

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