Dan, screw the housing market, I rent my 4 bed detached for the price it *should* cost to mortgage - my landlord pays the other half for the 'privelege' of owning a house
Even if house prices were 5x the average salary, which is borderline unaffordable for most, they'd be 20% lower than they are now - in this currently depressed economy... joke.
To the point, my '91 3B Coupe with leather and AC had a purchase price of £31k IIRC. My favourite is the RS2, I think the original price is someone in the documents I have, but it's first owner paid ~£45k for it in 1995. Same time my step-brother bought a 3-bed semi for a bit less!
Even if house prices were 5x the average salary, which is borderline unaffordable for most, they'd be 20% lower than they are now - in this currently depressed economy... joke.To the point, my '91 3B Coupe with leather and AC had a purchase price of £31k IIRC. My favourite is the RS2, I think the original price is someone in the documents I have, but it's first owner paid ~£45k for it in 1995. Same time my step-brother bought a 3-bed semi for a bit less!


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