Hat tip to my “Facebook Friend” Jenny Schramm. *Just had a Quick Look and calculation, average wage was around £100 a year, meaning the house price was 5x the average wage at the time. Currently the average wage is £28,000 a year and a three bedr…Read more…
Home ownership amongst the young is falling: urgent action needed
Bank Underground (the Bank of England blog, which is well worth subscribing to) today featured a fascinating piece about transactions in the housing market. Whilst the blog is rich in detail, and I would urge anyone interested to take a read, what stru…Read more…
More funding for home-ownership but nothing for social housing #SpendingReview
The commitments on housing in the Chancellor’s autumn statement have now been “marked” by the TUC. The government is vulnerable on a number of aspects of their record in this key area and this was their chance to put it right. In practice, they probably scored 5 out of 10 at best….Read more…