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Realistbear

House Prices 7 Times Earnings-- In Lincoln!

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http://www.thisislincolnshire.co.uk/displa...;pNodeId=156139

HOUSE PRICES RISE TO SEVEN TIMES AVERAGE WAGE

08:00 - 11 August 2007
House prices in Lincoln are now almost seven times the average wage.
Figures from the National Office of Statistics' annual survey of hours and earnings show the average person in the city is paid around £19,000 a year.
But the average price for a house is around £135,000 according to Land Registry figures.

The madness is widespread.

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UK debt / subprime, fastrack, self-cert IO, 6x, 8x heatmap

The areas in red indicate where there is extended risk and have been subject to predatory lending.

depot_map.gif

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http://www.thisislincolnshire.co.uk/displa...;pNodeId=156139

HOUSE PRICES RISE TO SEVEN TIMES AVERAGE WAGE

08:00 - 11 August 2007
House prices in Lincoln are now almost seven times the average wage.
Figures from the National Office of Statistics' annual survey of hours and earnings show the average person in the city is paid around £19,000 a year.
But the average price for a house is around £135,000 according to Land Registry figures.

The madness is widespread.

Lincoln has seen a massive influx of students over the past five or so years which may have contributed to this. Also a huge number of immigrants too. Field workers bussed off to the flat lands every day. There is still a considderable amount of new build activity in and around the city to cater for this. Not good bear country i'm affraid.

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Lincoln has seen a massive influx of students over the past five or so years which may have contributed to this. Also a huge number of immigrants too. Field workers bussed off to the flat lands every day. There is still a considderable amount of new build activity in and around the city to cater for this. Not good bear country i'm affraid.

My other half was speaking to a farmer from Lincolnshire this week, apparently he had lost all his crops (potatoes/peas) in the floods, and he was taking the opportunity to have a few weeks holiday. There won't be as much seasonal work in that region this year.

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