Comment on Average UK house price rises to record £299,331, says Halifax

Flamekebab@piefed.social ⁨2⁩ ⁨weeks⁩ ago

• WALLACE@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

  The average in 1980 was £19,273. In today’s money that is £105K. So prices have effectively tripled in one generation.

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  • CheeseNoodle@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    While pay has also functionally gone down.

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  • Flamekebab@piefed.social ⁨2⁩ ⁨weeks⁩ ago

    That's so depressing. I could afford that. The amounts for places worth having near me are high enough that it's just not on the cards.

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    • WALLACE@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

      I know what you mean, the prices are high but you don’t even get a lot of house for that money. We had a budget of around 300 and the choices were either tiny new build shoeboxes with miniature gardens overlooked in all directions with poor access/no local amenities, or older OK-sized places in some pretty rough areas.

      We eventually found a 3-bed ex council place and thankfully it’s a relatively quiet area with pleasant enough neighbours. Though it is jarring that we are two professionals with degrees working full time to afford the same house that our neighbours were given a few decades ago and only one of them works and it’s a minimum wage job.

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