Since 1913 the average house has risen 1,136 times in pounds but just 1.4 times in gold, so the problem is the pound, not the price of bricks and mortar.
The British people want a welfare state, “free” healthcare, “free” public services. Since no economy can produce enough wealth to support such a thing which grows and grows, not least to fund the 15 million “refugees” who have arrive over the last 30 years, and leave a surplus. Large scale borrowing and money printing to pump non-value backed money into the economy to pay the wages of the non-wealth creating and feed the beast is inevitable, as is the monetary inflation, then price inflation that results. People want less tax on motor fuels, but want more money spent on the “free” stuff.
Until the population is educated in economics, and accepts the abolition of the welfare state and return of public services to the private and voluntary sectors nothing will change, even if the political colour of Government does.
Everything has a cost. The money has to come from somewhere. Somebody has to pay.
I believe the only way this will end is if there is complete economic collapse and we end up like the Weimar Republic or Zimbabwe.
In 1938 my house sold at auction for £75, which at the time represented eight months' wages for an agricultural worker (40/- a week). How much of a house could someone buy today for eight months' worth of minimum wage? A doormat?
Or silver. A pound sterling is a troy pound of sterling (92.5%) silver, worth today about 468 of our present-day 'pounds'. What I want to know is where the other 467 pounds have gone?
The British people want a welfare state, “free” healthcare, “free” public services. Since no economy can produce enough wealth to support such a thing which grows and grows, not least to fund the 15 million “refugees” who have arrive over the last 30 years, and leave a surplus. Large scale borrowing and money printing to pump non-value backed money into the economy to pay the wages of the non-wealth creating and feed the beast is inevitable, as is the monetary inflation, then price inflation that results. People want less tax on motor fuels, but want more money spent on the “free” stuff.
Until the population is educated in economics, and accepts the abolition of the welfare state and return of public services to the private and voluntary sectors nothing will change, even if the political colour of Government does.
Everything has a cost. The money has to come from somewhere. Somebody has to pay.
I believe the only way this will end is if there is complete economic collapse and we end up like the Weimar Republic or Zimbabwe.
In 1938 my house sold at auction for £75, which at the time represented eight months' wages for an agricultural worker (40/- a week). How much of a house could someone buy today for eight months' worth of minimum wage? A doormat?
It would be interesting to see the comparison by region as I suspect London prices will distort the figures
Govt policy dictate Inflation and Devaluation of currency, yet politicians place the blame for House prices un-affordability on Landlords.
Or silver. A pound sterling is a troy pound of sterling (92.5%) silver, worth today about 468 of our present-day 'pounds'. What I want to know is where the other 467 pounds have gone?
That may well be the case. BUT those seeking to buy homes can't wait for the miracle that you suggest?
The price of houses would fall IF building houses wasn't so restricted by regulation.
Succesive Governments talk in absurdities about potential resolution BUT never complete.
Surely one quick way forward would be to do what we all preach and belive in ~ CHOICE & FRÈEDOM?
Planning Authorities should be set free to complete ~ buyers realpy would then have a choice.
Central banks strike again!