Cost of living squeeze in 2022
Discussion
Scootersp said:
Regardless of what side you are on and what you want personally, what's left to help the continued increase?
Oh if you really want to prop up house prices there’s plenty of levers left to pull:- Stamp duty cuts
- Extending help-to-buy (either in raw amounts or in eligibility)
- Relaxing mortgage affordability criteria / checks
- Government underwriting of (parts of) banks’ mortgage loan books (e.g., high LTV)
- Mortgage interest tax deductibility
Sway said:
Scootersp said:
Some google research
"The average house price is 65 times higher than in 1970 but average wages are only 36 times higher."
Compared to the 70s, we now don't expect the lady of the household to stop at home (depending on who you ask, this is a positive step in female empowerment, or a detriment to familial life) - so the household income is now (yes, simple fag packet maths) 72 times higher compared to houses being 65 times higher... "The average house price is 65 times higher than in 1970 but average wages are only 36 times higher."
eccles said:
Sway said:
Scootersp said:
Some google research
"The average house price is 65 times higher than in 1970 but average wages are only 36 times higher."
Compared to the 70s, we now don't expect the lady of the household to stop at home (depending on who you ask, this is a positive step in female empowerment, or a detriment to familial life) - so the household income is now (yes, simple fag packet maths) 72 times higher compared to houses being 65 times higher... "The average house price is 65 times higher than in 1970 but average wages are only 36 times higher."
leef44 said:
Dual income family has doubled the spending power....
I suppose it depands how you measure it, but if you assume a family has 'fixed' costs (bills. food etc) regardless of whether they have one or two incomes, then the two income family arguably has multiples more available to spend after covering those fixed costs.I'm a generation away from this - my own 'kids' have little children, all at infant / junior schools now. I think it's quite remarkable, and a constant source of angst for them, how few of their school mum friends work. At one of the schools they've stopped doing pre and after school clubs as there was so little demand for them. For our daughter whose kids go there, it's a nightmare - she'd be stuffed if we weren't nearby to help.
number2 said:
Sway said:
Scootersp said:
Some google research
"The average house price is 65 times higher than in 1970 but average wages are only 36 times higher."
Compared to the 70s, we now don't expect the lady of the household to stop at home (depending on who you ask, this is a positive step in female empowerment, or a detriment to familial life) - so the household income is now (yes, simple fag packet maths) 72 times higher compared to houses being 65 times higher... "The average house price is 65 times higher than in 1970 but average wages are only 36 times higher."
The picture is nuanced. But the big house price rises have occurred since around 1996, coinciding with the de-facto end of council house building in the UK. It also coincided with the tail-off in right-to-buy purchases. In 1970, we built nearly 200k council / housing association homes; by 2003, that had dropped to less than 20k. Private completions didn't move in the intervening period, setting up the conditions for what we see now - with (as pointed out above) private house-builders basically pocketing Govt subsidies in the form of higher profits.
We bought the MIL one of these for £69.99 and then decided to get one too.
It runs around 1 to 2p an hour and is very large (easily fit two people underneath it, plus a grey pig)
They seem to have gone like hot cakes, as i cant see many online and Lakeland aren't selling them anymore.
Hopefully it will take the edge off a nippy evening, instead of putting the heating on.
It runs around 1 to 2p an hour and is very large (easily fit two people underneath it, plus a grey pig)
They seem to have gone like hot cakes, as i cant see many online and Lakeland aren't selling them anymore.
Hopefully it will take the edge off a nippy evening, instead of putting the heating on.
The Count said:
We bought the MIL one of these for £69.99 and then decided to get one too.
It runs around 1 to 2p an hour and is very large (easily fit two people underneath it, plus a grey pig)
They seem to have gone like hot cakes, as i cant see many online and Lakeland aren't selling them anymore.
Hopefully it will take the edge off a nippy evening, instead of putting the heating on.
My missus has used a heated blanket for years but she still wants the heating on in the summer It runs around 1 to 2p an hour and is very large (easily fit two people underneath it, plus a grey pig)
They seem to have gone like hot cakes, as i cant see many online and Lakeland aren't selling them anymore.
Hopefully it will take the edge off a nippy evening, instead of putting the heating on.
brickwall said:
It does, but only for a short period. The financial pressure eases when the kids hit school age (and to a lesser extent, age 3 for the 25 free hours).
Even with the free hours a few years ago we were paying around 600 a month for our then pre school son to go to childminders around my exes full time job. TBF the free hours were less then and think it was about 15 hours?When they go to school they still need minding before and after school with places in clubs not always guaranteed or practical. Then there's the fact that child minders demand you agree to pay full time hours throughout holiday periods even if your kids don't go to them.
With us it was decided that it was best for our boy that his mum be there to take and pick up from school. We were dropping him off at 0700 and if I was around I'd collect him at 1700 or she would at 1830 if I wasn't. A long day for him and away from us. By the time the childminder was paid we were only about 200 a month better off from her full time employment as a project coordinator on c.£25k.
School time jobs are also highly sought after and usually low paid. She's now a SENTA and loves the job but finds it very challenging compared to her previous role. The pay is just above min wage so nowhere near parity with my take home.
Other scenarios are obviously available.
dai1983 said:
brickwall said:
It does, but only for a short period. The financial pressure eases when the kids hit school age (and to a lesser extent, age 3 for the 25 free hours).
Even with the free hours a few years ago we were paying around 600 a month for our then pre school son to go to childminders around my exes full time job. TBF the free hours were less then and think it was about 15 hours?When they go to school they still need minding before and after school with places in clubs not always guaranteed or practical. Then there's the fact that child minders demand you agree to pay full time hours throughout holiday periods even if your kids don't go to them.
With us it was decided that it was best for our boy that his mum be there to take and pick up from school. We were dropping him off at 0700 and if I was around I'd collect him at 1700 or she would at 1830 if I wasn't. A long day for him and away from us. By the time the childminder was paid we were only about 200 a month better off from her full time employment as a project coordinator on c.£25k.
School time jobs are also highly sought after and usually low paid. She's now a SENTA and loves the job but finds it very challenging compared to her previous role. The pay is just above min wage so nowhere near parity with my take home.
Other scenarios are obviously available.
Really benefited during lockdown, saved on childcare due to wfh, could break off to do school run in morning and afternoon, then give kids something to eat and rely on TV, games whilst finishing off daily work tasks. Better quality of life too. Now it's back in the office full time, cheapest childcare within two miles of home is 1600 pcm, that's before considering the increased cost of the 17 mile each way commute, parking etc. :shrug:
m3jappa said:
okgo said:
Well centre Parcs is rammed full currently. Also loads of school ages kids here so clearly they’ve been ripped from school too
We went to chessington last friday, it was absolutely f
king rammed which partly ruined the day.It did make me think of this thread as again.
Or perhaps Chessington revenue is not hit at all, and all the visitors are cutting back somewhere else.
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