It's fine as long as wages rise faster

Bruh

and they don't

Yeah they are currently

Which population segment are you looking at?

Wages are currently outpacing housing by about 3points

UK average

Average can smd

This is only in the last 2 yrs

I'm not about to rail against the wealthy

But dude

Youre not gonna feel it for at least 5

Average salaries are not a great place to be looking to determine the affordability

But that's the trend it's currently going in

I understand the trend

But it's not a good representation

And increased housing prices mean owners have more spendable cash too

This feels bubbly

Inflation all round.... Although to stifle that, they will hike rates

Once you peg everything to inflation I'll care less

Bubble won't pop until well into wage and rate hikes

Minimum wage, taxes etc

This is like nowhere near bubble pop stage

Idk bruh, it's very easy to get finance on liabilities like cars

I think it might be a bit worse if that bubble goes

We're barely starting greed stage... Which is stage 4/6 of the cycle

Housing seems to be constantly growing and we keep pumping out shitty bulk estates at the same huge prices

Sceptical of housing, me and the wife are building

When you get a bit older you'll see.... They were saying that same shit in 1980 when houses cost 20k

Were people on salaries of 20k then tho?

Not that high... But the argument was just different... The outlay per month was the same because of interest rates

I'm not doom and gloom but I'm not confident in the market for housing

It seems like a ponzi scheme

And people weren't to know they'd come down.... For all they knew it would go up

Yes, I talk with my father in law about this

It sucks that that happened

But they drew lucky in the end

Imagine buying a home in 1975 at a rate of 5% or whatever then, a few years later it's 10% .. more people buy and a few years later it was 19%

Good for them

I'm not against the older gen wacka

I get it