The last time house prices were this expensive relative to average earnings was in the year 1876, nearly 150 years ago.
Well on the way back to serfdom… wonderful.
What 175 years of data tell us about house price affordability in the UK
Submitted 2 weeks ago by SleafordMod@feddit.uk to unitedkingdom@feddit.uk
https://feddit.uk/pictrs/image/b3582824-cb08-48a7-acac-9dadc1ae1904.webp
Comments
Arghblarg@lemmy.ca 2 weeks ago
AA5B@lemmy.world 2 weeks ago
Amazing it was relatively stable 1920-1990
SineIraEtStudio@midwest.social 2 weeks ago
My understanding is that mortgage rate also plays a role in housing prices. So it would be a nice addition if they added average mortgage rate on the same graph or had another graph with total cost for buying a house with a 30 year mortgage.