£7.50p a pint. That’s it I’m out
Discussion
I live in a lovely part of (Greater) London that's fastly becoming full of wannabe-posh people. The type that charge £6 a pint and serve a full English for £12 on a spade or in a flowerpot or something poncey.
Last weekend I remember buying a Coke and an Estrella. £9.80 please.
As a Millennial I'm fully subscribed to the "why the f
k are the youngsters getting shafted" mentality. My parents bought their house for £150,000 in the mid-90s, on a combined salary of £30,000 (which, yes, was a decent salary back then). Easy enough though, they had separate flats to sell and so they moved in basically mortgage free, think they ended up £12k short. Not exactly an amount to be concerned about over 30 years.
Their house is now worth about £800,000. If they wanted to buy it these days at the same stage of their career, they'd need to be earning around £160,000 a year.
I really don't know where the longevity in city centres will come from if the majority of UK folks are priced out.
Last weekend I remember buying a Coke and an Estrella. £9.80 please.
As a Millennial I'm fully subscribed to the "why the f
k are the youngsters getting shafted" mentality. My parents bought their house for £150,000 in the mid-90s, on a combined salary of £30,000 (which, yes, was a decent salary back then). Easy enough though, they had separate flats to sell and so they moved in basically mortgage free, think they ended up £12k short. Not exactly an amount to be concerned about over 30 years.Their house is now worth about £800,000. If they wanted to buy it these days at the same stage of their career, they'd need to be earning around £160,000 a year.
I really don't know where the longevity in city centres will come from if the majority of UK folks are priced out.
phumy said:
bigothunter said:
I remember 1/9d a pint from my schoolboy days. That's £1-23 in today's money - cheap Wetherspoons prices. BoE inflation calculator shows 14:1 since 1968.
No, 1/9d is one shilling and 9 old pence, so thats 21 old pence, which is around 8p now. 2 old shillings was changed at decimalisation to 10 new pence (10p) so 24 old pennies=10 new pence. Hope that makes sense
Similarly 1/9d = 21d = 8.75p
8.75p x 14:1 inflation = 122.5p
Half pence is not legal tender so 122.5p should be rounded to 123p
123p can be written as £1-23
All clear now?
Sometimes pop out for a mid week meal, when can’t be bothered to cook.
A nice Chef & Brewer near me! 25% off via mobile app.
Say around £22.50 for 2
No longer have a beer & G&T for an extra tenner. Money not a problem but it seems wrong.
Tap water there & a beer later at home.
Living the dream
A nice Chef & Brewer near me! 25% off via mobile app.
Say around £22.50 for 2
No longer have a beer & G&T for an extra tenner. Money not a problem but it seems wrong.
Tap water there & a beer later at home.
Living the dream
Second Best said:
I live in a lovely part of (Greater) London that's fastly becoming full of wannabe-posh people. The type that charge £6 a pint and serve a full English for £12 on a spade or in a flowerpot or something poncey.
Last weekend I remember buying a Coke and an Estrella. £9.80 please.
As a Millennial I'm fully subscribed to the "why the fk are the youngsters getting shafted" mentality. My parents bought their house for £150,000 in the mid-90s, on a combined salary of £30,000 (which, yes, was a decent salary back then). Easy enough though, they had separate flats to sell and so they moved in basically mortgage free, think they ended up £12k short. Not exactly an amount to be concerned about over 30 years.
Their house is now worth about £800,000. If they wanted to buy it these days at the same stage of their career, they'd need to be earning around £160,000 a year.
I really don't know where the longevity in city centres will come from if the majority of UK folks are priced out.
There are other threads for the 'I'm young and house prices are too high' comments but I was in a similar situation to your parents but even then the generation before us paid buttons for their homes in comparison, way less than I did. Last weekend I remember buying a Coke and an Estrella. £9.80 please.
As a Millennial I'm fully subscribed to the "why the f
k are the youngsters getting shafted" mentality. My parents bought their house for £150,000 in the mid-90s, on a combined salary of £30,000 (which, yes, was a decent salary back then). Easy enough though, they had separate flats to sell and so they moved in basically mortgage free, think they ended up £12k short. Not exactly an amount to be concerned about over 30 years.Their house is now worth about £800,000. If they wanted to buy it these days at the same stage of their career, they'd need to be earning around £160,000 a year.
I really don't know where the longevity in city centres will come from if the majority of UK folks are priced out.
All I'd say is that you can do it, you don't need an £800k house right now. Start small, as most people did and you'll work up to these bigger homes over time. Ours is £1m right now but I started out in a small terraced house 30 years ago. There are also loads of stories online and stuff on YT to show you how you can do it, it just takes work and commitment and time, like most of life tbh.
Anyway, back to the beers...
crankedup5 said:
I can even remember farthings being legal currency 
Going some. They stopped being legal tender 1 Jan 1961.My Dad has old maps priced in old money like 2/6 and the M6 as a dashed line for future
development, so probably 1950s.
Some say he's got some seriously old maps with Dere Street from York
to Scotland marked as a dashed line ;->
Second Best said:
I live in a lovely part of (Greater) London that's fastly becoming full of wannabe-posh people. The type that charge £6 a pint and serve a full English for £12 on a spade or in a flowerpot or something poncey.
Last weekend I remember buying a Coke and an Estrella. £9.80 please.
where is that?Last weekend I remember buying a Coke and an Estrella. £9.80 please.
I can sort of stomach paying £6- £6.50 a pint, its when they charge the same for a shandy or £5 for coke (out those horrible jet taps) that annoys me.
TheJimi said:
Cheap by comparison, yes, but not inherently cheap in and of itself.
Cheap - low in price, especially in relation to similar items or services.It doesn't really matter what it costs in Newark or in Spoons as I'm not going to either, so when I see a pint around 6 these days its actually a pleasant surprise.
okgo said:
TheJimi said:
Cheap by comparison, yes, but not inherently cheap in and of itself.
Cheap - low in price, especially in relation to similar items or services.It doesn't really matter what it costs in Newark or in Spoons as I'm not going to either, so when I see a pint around 6 these days its actually a pleasant surprise.
The Uk's average pint would appear be to be still less than a fiver, so I think it's fair to say that £6 for a pint is not cheap.
TheJimi said:
okgo said:
TheJimi said:
Cheap by comparison, yes, but not inherently cheap in and of itself.
Cheap - low in price, especially in relation to similar items or services.It doesn't really matter what it costs in Newark or in Spoons as I'm not going to either, so when I see a pint around 6 these days its actually a pleasant surprise.
The Uk's average pint would appear be to be still less than a fiver, so I think it's fair to say that £6 for a pint is not cheap.
okgo said:
BrabusMog said:
Yep, Peroni at my local is £5.75 and whilst it's cheaper than the other 3 pubs closest by, I wouldn't call it "cheap".
That really is cheap!I don't think you could even get a Peroni for much less than that 10 years ago in London/Surrey
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