One interesting reference point for house prices compared to incomes is to consider values in The Good Life... Tom, a draughtsman designing plastic toys for cereal boxes was on about 8k a year then but his 4 bedroom house in Surbiton was around 26k, next door, Gerry, the higher flying executive, was on about 12k so therefore the big hous…
One interesting reference point for house prices compared to incomes is to consider values in The Good Life... Tom, a draughtsman designing plastic toys for cereal boxes was on about 8k a year then but his 4 bedroom house in Surbiton was around 26k, next door, Gerry, the higher flying executive, was on about 12k so therefore the big house was well under 3x income. Fast forward to present day, Gerry would be doing well to be on 80-100k as a high flyer in a cereal company, Tom’s job wouldn’t exist and that house in Surbiton would be atleast 1.5 to 2m. Well above a 3 or 5x or 10x good income. Basically something must have gone a bit out of kilter when you can be a top rate tax payer and not afford a 1 bedroom flat anywhere in your region.
One interesting reference point for house prices compared to incomes is to consider values in The Good Life... Tom, a draughtsman designing plastic toys for cereal boxes was on about 8k a year then but his 4 bedroom house in Surbiton was around 26k, next door, Gerry, the higher flying executive, was on about 12k so therefore the big house was well under 3x income. Fast forward to present day, Gerry would be doing well to be on 80-100k as a high flyer in a cereal company, Tom’s job wouldn’t exist and that house in Surbiton would be atleast 1.5 to 2m. Well above a 3 or 5x or 10x good income. Basically something must have gone a bit out of kilter when you can be a top rate tax payer and not afford a 1 bedroom flat anywhere in your region.
That’s a very good illustration of how nuts things are