| Ooh this is fun... 15:13 - Sep 9 with 2263 views | BanksterDebtSlave |
....see what a house bought in the seventies for a few thousand would be worth now if it was just about inflation.
https://inflation.iamkate.com/
We helped someone out yesterday who bought a generous property in
Earl Soham in 1977 for 17k which would sell for about 600k now. Inflation only cost would be 124k in 2020. |  |
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| Ooh this is fun... on 15:18 - Sep 9 with 2226 views | BanksterDebtSlave |
Furthermore my £1/hour petrol attendant job in 1980 would now be worth £5.11. Minimum wage for under 18 is£4.62.
We never had it so good. | |
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| Ooh this is fun... on 15:25 - Sep 9 with 2188 views | BlueBadger |
Newly qualified nurses in 2000(when I qualified were paid £14890. Using this, it should be 26057, if inflation is the only marker.
It's currently £25064. [Post edited 9 Sep 2021 18:40]
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| Ooh this is fun... on 15:26 - Sep 9 with 2179 views | BanksterDebtSlave |
| Ooh this is fun... on 15:25 - Sep 9 by BlueBadger |
Newly qualified nurses in 2000(when I qualified were paid £14890. Using this, it should be 26057, if inflation is the only marker.
It's currently £25064. [Post edited 9 Sep 2021 18:40]
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Cheer up, you get taxed more now too! | |
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| Ooh this is fun... on 16:51 - Sep 9 with 2071 views | Chondzoresk |
My dear Mum and late Dad bought their house in 1955, for the sum of £600…..last valuation after my fathers death was £350,000…..that was 2018…..my Mum still there, it’s worth probably £400,000 now. |  | | |
| Ooh this is fun... on 16:57 - Sep 9 with 2050 views | BanksterDebtSlave |
| Ooh this is fun... on 16:51 - Sep 9 by Chondzoresk |
My dear Mum and late Dad bought their house in 1955, for the sum of £600…..last valuation after my fathers death was £350,000…..that was 2018…..my Mum still there, it’s worth probably £400,000 now. |
Inflation value £16,620...do well! | |
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| Ooh this is fun... on 17:14 - Sep 9 with 2000 views | Darth_Koont |
The average house earns more per year than the average worker. Gross income too, I believe.
Well, that’s solid economics.
It’s not enough for a rebellion – rather it’s socioeconomic death by a thousand cuts – but this really has been a painfully bad era of political governance. |  |
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| Ooh this is fun... on 17:16 - Sep 9 with 1997 views | Cotty |
The value of our home has doubled since we bought it in 2014. This insane house price inflation is not good for anyone. |  | | |
| Ooh this is fun... on 17:26 - Sep 9 with 1957 views | Swansea_Blue |
| Ooh this is fun... on 17:14 - Sep 9 by Darth_Koont |
The average house earns more per year than the average worker. Gross income too, I believe.
Well, that’s solid economics.
It’s not enough for a rebellion – rather it’s socioeconomic death by a thousand cuts – but this really has been a painfully bad era of political governance. |
Mine's a lazy sod - can't even be bothered to clean itself.
Things were worse in the 1800s though:
What we need to slow the market down is a good war. Not surprisingly the bottom dropped out of the market during both WW1 and WW2 with sales virtually non-existent. |  |
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| Ooh this is fun... on 17:30 - Sep 9 with 1943 views | BanksterDebtSlave |
| Ooh this is fun... on 17:16 - Sep 9 by Cotty |
The value of our home has doubled since we bought it in 2014. This insane house price inflation is not good for anyone. |
Unless you are concerned about the asset valuation of a bank! | |
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| Ooh this is fun... on 17:34 - Sep 9 with 1933 views | chicoazul |
Things are worth what people will pay for them. |  |
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| Ooh this is fun... on 17:45 - Sep 9 with 1901 views | Darth_Koont |
| Ooh this is fun... on 17:26 - Sep 9 by Swansea_Blue |
Mine's a lazy sod - can't even be bothered to clean itself.
Things were worse in the 1800s though:
What we need to slow the market down is a good war. Not surprisingly the bottom dropped out of the market during both WW1 and WW2 with sales virtually non-existent. |
Interesting. Wasn’t that the pinnacle of landlordism back in 1845?
Happy days! We’ll be training kids as chimney sweeps soon. Or whatever the 2030 equivalent is. | |
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| Ooh this is fun... on 18:03 - Sep 9 with 1862 views | giant_stow |
| Ooh this is fun... on 17:34 - Sep 9 by chicoazul |
Things are worth what people will pay for them. |
Oh come on, you're not even trying now! Put some umph into it please. ta. |  |
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| Ooh this is fun... on 18:09 - Sep 9 with 1842 views | Meadowlark |
My starting salary as an Assistant Scientific Officer in 1977 equates to £18/19k now, but the actual starting pay today is £24k!! |  | | |
| Ooh this is fun... on 18:35 - Sep 9 with 1782 views | BlueBadger |
| Ooh this is fun... on 15:26 - Sep 9 by BanksterDebtSlave |
Cheer up, you get taxed more now too! |
Once my £350M a week pay rise kicks in, I'll be able to afford a fancy accountant to get me out of it! | |
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| Ooh this is fun... on 18:38 - Sep 9 with 1771 views | Darth_Koont |
| Ooh this is fun... on 18:35 - Sep 9 by BlueBadger |
Once my £350M a week pay rise kicks in, I'll be able to afford a fancy accountant to get me out of it! |
You joke but that extra 0.something percent from Labour will really put you on easy street.
You lucky beggar. | |
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| Ooh this is fun... on 19:33 - Sep 9 with 1688 views | Ewan_Oozami |
| Ooh this is fun... on 17:34 - Sep 9 by chicoazul |
Things are worth what people will pay for them. |
The world's finance system is a gigantic Ponzi scheme, everybody knows it, no-one admits it.... |  |
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| Ooh this is fun... on 19:59 - Sep 9 with 1635 views | J2BLUE |
My flat has gone up 50% in 9 years which is both ridiculous and meaningless as long as I need somewhere to live. |  |
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| Ooh this is fun... on 20:40 - Sep 9 with 1588 views | north_stand77 |
As a very young police officer in 1976 I earned about £155 per month. Inflation says It would be equivalent of £1300 odd now. Starting pay for police officers now is about £21,000 - still very low.
My first house in 1978 cost £6950 ( inflation says about £44,000 now).
It's actually valued at about £180,000 now! |  | | |
| Ooh this is fun... on 00:56 - Sep 10 with 1460 views | Clapham_Junction |
I knew some people in a housing coop that bought nearly an entire street of terraced houses in Bethnal Green in the 70s for relative peanuts. Once they'd paid off the loan, they only charged members at a level that covers repairs/maintenance. Rent for a one-bed flat in the co-op in 2016 was something ridiculous like £175 a month. |  | | |
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