The average home is purchased by two people. The average joint salary on figures in this article is £64,120. Therefore the average UK house price is 4.27 times earnings that will cause house prices to grow as a multiple of wage growth, so 1% wage growth should cause 4.27% house price growth.
Poor maths like in this article is causing people to not invest in a home, wrecking peoples chances of a prosperous retirement. If you want something to blame for these multiples it is feminism. The only way to get prices down is to only allow husbands to take out a mortgage. But then you have an equalities issue with same sex unions, lesbians would be unable to own property whilst all male couples would live in mansions, LOL.
Jaw-dropping. Get the time machine out, sending my dad back.
The average home is purchased by two people. The average joint salary on figures in this article is £64,120. Therefore the average UK house price is 4.27 times earnings that will cause house prices to grow as a multiple of wage growth, so 1% wage growth should cause 4.27% house price growth.
Poor maths like in this article is causing people to not invest in a home, wrecking peoples chances of a prosperous retirement. If you want something to blame for these multiples it is feminism. The only way to get prices down is to only allow husbands to take out a mortgage. But then you have an equalities issue with same sex unions, lesbians would be unable to own property whilst all male couples would live in mansions, LOL.
The math is way off. A house at 150000 and gold at 400 =375 ounces of gold to buy.