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    OK boomer - House prices have doubled as a proportion of salary since 1970

    @adamgibson991 This is combined part time and full time, I would say it’s reasonable to base it off a single full time income only to give a fair comparison to 1979
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    OK boomer - House prices have doubled as a proportion of salary since 1970

    @adamgibson991 The average full time salary in the uk as of 2019 is £36k
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    OK boomer - House prices have doubled as a proportion of salary since 1970

    @michael25martin Agreed but in the same way for people now, it’s much harder to get on the ladder with a deposit etc, but once on you are paying much more capital off much sooner so the debt is decreasing much quick
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    OK boomer - House prices have doubled as a proportion of salary since 1970

    @michael25martin This is based on current average full time income, not don’t on inflation, this is both pre tax
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    OK boomer - House prices have doubled as a proportion of salary since 1970

    @cinamon From my experience affordability is done based on monthly expenditure. Take the 1979 model 1979 Mortgage - £297 Average wage - £500 Income percentage- 59% 2019 Mortgage- £1400 Average - £3000 Income percentage- 45% Which means that even based on affordability calculated as monthly...
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    OK boomer - House prices have doubled as a proportion of salary since 1970

    @barbarajean63 House price is only a part of the housing market For example in 1979: Average house price - £20k Interest rate - 17% Monthly repayment - £297 If you adjust it all for 2019 by Bank of England inflation calculator Average house price - £100000 Interest rate - 17% Monthly...
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