tag:blogger.com,1999:blog-1141932539860553199.post4677586982063595727..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: UK House price to earnings ratio vs RPI inflation since 1948Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1141932539860553199.post-77880359829242088962014-04-22T09:20:34.377+01:002014-04-22T09:20:34.377+01:00Mark, it's a case of lies, damned lies and sta...Mark, it's a case of lies, damned lies and statistics, I think. After the war, very few people were buying houses anyway. Even the well-off middle classes rented. So the average house price may have been nine times the average disposable income of the nation as a whole, but not nine times the average disposable income of the house-buying classes. I lived a house that had increased in value five times over the war - from £50 to £250. That's no more than £40,000 by today's prices.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-68600298438521420282014-04-22T07:05:36.778+01:002014-04-22T07:05:36.778+01:00F, a good question. I assume it means net income a...F, a good question. I assume it means net income after PAYE is deducted or income tax paid.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-50630596933809692442014-04-21T23:55:26.876+01:002014-04-21T23:55:26.876+01:00What's "disposable income" here?What's "disposable income" here?Francishttps://www.blogger.com/profile/17444534954673999497noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-9825019839966779962014-04-20T23:13:12.423+01:002014-04-20T23:13:12.423+01:00B, for sure, but that was a post-war thing with ge...B, for sure, but that was a post-war thing with genuine scarcity, you could equally say if they've been 4 before, they will be again (and they will).Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-50214122931389057812014-04-20T21:47:29.275+01:002014-04-20T21:47:29.275+01:00That first chart is depressing. If house prices ha...That first chart is depressing. If house prices have been 9 times disposable income before, they can be again.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.com