Reggie_Perrin
[quote=Mitaman][quote=Reggie Perrin][quote=Mitaman]He clearly excelled at his job, 50 grand a year for driving a train strikes me as quite a lot of money?[/quote]Why does it seem like a lot to you?[/quote]It does, but then again, I am stuck in prices back in the year 2000 when I left. Maybe it is not very much these days I don't really know. It was agenuine question.[/quote]Median selling price for a terraced house in London risen from £113k in 1995 to £435k in 2013.
gore
50k is still a big number, even in London. Even in banks. Thats why the vast majority commute long distances and live on the outskirts where it is much, much cheaper. And why Bob did well, train/tube drivers are an essential worker and he leveraged that. As was his job.
Mitaman
[quote=Reggie Perrin][quote=Mitaman][quote=Reggie Perrin]Why does it seem like a lot to you?[/quote]It does, but then again, I am stuck in prices back in the year 2000 when I left. Maybe it is not very much these days I don't really know. It was agenuine question.[/quote]Median selling price for a terraced house in London risen from £113k in 1995 to £435k in 2013.[/quote]Mind you 15 - 20 quid for a pub lunch also sounds like daylight robbery to me too, probably more in London.If the 435k figure is correct then one of two things can happen, either house prices need to fall dramatically or wages need to rise dramatically. Less of an issue for bank lenders at the moent as they are amortising at current interest rates where a mortgage at 5x or 6x income still 'works'. If interest rates rise, then fasten your seatbelts. Carney pre-warned that rate rises are round the corner..
Foxy_Dread
If wages increase dramatically private landlords will just ratchet up the rents, and buy to let will become even more popular.
Travis_Bickle
Tony Benn
Reggie_Perrin
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Young_Marxist_at_Tescos
Not been a good week for the horrible lefties has it?
gore
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Guest
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Ray_Hankin's_shorts
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Loose_Lips
Bloody hell. There's not many made in his mould left.
patlaughter
Bloody hell. A good man indeed. I was once sat on the quiet coach on the London leeds train and he was fast asleep, his snoring was ear shattering
Travis_Bickle
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patlaughter
Class
Foxy_Dread
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gore
Don't good things come in Threes?
Guest
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Foxy_Dread
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gore
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Toronto_Ted
I liked Benn, sad loss but I'll never quite get round him being the champion of state education yet sent his kids to private school. RIP