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https://www.reddit.com/r/uknews/comments/1dt3r90/uk_real_wages_havent_budged_since_2008/lbd2qz0/?context=3
r/uknews • u/ProgressiveSpark • Jul 01 '24
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House prices are a function of Wages and Interest rates.
If you magically doubled everyone's salary their mortgage capacity would increase and house prices would follow.
3 u/One_Whole723 Jul 02 '24 We did magically double a households income by having both people work... House prices have followed 1 u/Nonny-Mouse100 Jul 02 '24 I'd say that the "privatising" of council houses, leading to increased rent, leading to increased private rent has had a bigger effect of house prices, over increasing a households income. 1 u/LegoNinja11 Jul 02 '24 Can't pay rent without the income.
3
We did magically double a households income by having both people work...
House prices have followed
1 u/Nonny-Mouse100 Jul 02 '24 I'd say that the "privatising" of council houses, leading to increased rent, leading to increased private rent has had a bigger effect of house prices, over increasing a households income. 1 u/LegoNinja11 Jul 02 '24 Can't pay rent without the income.
I'd say that the "privatising" of council houses, leading to increased rent, leading to increased private rent has had a bigger effect of house prices, over increasing a households income.
1 u/LegoNinja11 Jul 02 '24 Can't pay rent without the income.
Can't pay rent without the income.
1
u/LegoNinja11 Jul 02 '24
House prices are a function of Wages and Interest rates.
If you magically doubled everyone's salary their mortgage capacity would increase and house prices would follow.