What 175 years of data tell us about house price affordability in the UK
What 175 years of data tell us about house price affordability in the UK
The last time house prices were this expensive relative to average earnings was in the year 1876, nearly 150 years ago.
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My understanding is that mortgage rate also plays a role in housing prices. So it would be a nice addition if they added average mortgage rate on the same graph or had another graph with total cost for buying a house with a 30 year mortgage.
Well on the way back to serfdom... wonderful.
Amazing it was relatively stable 1920-1990