Jump to content
House Price Crash Forum
Sign in to follow this  
silver surfer

House Price Inflation

Recommended Posts

In 1912 this property was valued at £56, as opposed to the £330k that it's for sale at today!


But in 1912 a Sussex farm labourer was paid about £1 a week, and local records reveal Sussex district nurses were paid £40 a year in 1912 (paid by results you might argue, life expectancy in 1912 was only 52 for men and 55 for women!).

If the peak oil theorists are correct, and exploding transport costs means all economies become local with no more "two-income super-commuters"; and if big bang financial de-regulation really is reverting to re-regulation and a return to "old fashioned banking" (ie no credit for the poor), then what's to stop this property's value reverting to 1x income for a local unskilled worker, say about £12-15k?

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 292 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.