House prices 30% overvalued - letter in Financial Times today

Just over £33K gross, according to .

16.5K, 8.25K.

At these levels and below, an extra 1K per year makes a significant difference to the standard of living.

Best Regards, Alex.

Reply to
Alex Butcher
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That doesn't include child benefit and tax credits. The URL you quoted includes these in the net figures:

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Assuming a single earner on 30k, the household net income after tax, NI, tax credits and child benefit would be 23,988 - pretty close!

Reply to
Andy Pandy

Best Regards, Alex.

Reply to
Alex Butcher

"Andy Pandy" wrote

But surely not every two adult/two young child household has *two* incomes? That means the average income per (earning) adult must be *between* 15K and

30K.
Reply to
Tim

Not if you compare it with average house prices and there's no figure for the median house price.

Daytona

Reply to
Daytona

I doubt that.

Reply to
Jane Tweedynn

Yes, but "income" doesn't have to be earned, it includes bank interest, child benefit, etc. "Salary" does have to be earned (well mostly).

Any couple with children where one doesn't earn should put the child benefit in the non-earner's name (to get HRP), plus any savings (to get interest tax free). Not to mention tax credits, this is paid to whoever the couple decide is the "main carer".

So every couple with children should both have incomes, even if the don't both have salaries.

Reply to
Andy Pandy

"hummingbird" wrote

And utterly dependent on homeowners increasing their personal debt to fuel his "stable", "prosperous", trillion-pound-in-hock bubble economy.

Reply to
John Redman

On Thu, 26 May 2005 00:48:49 +0100, "John Redman" mysteriously appeared thru the usenet mist to inform us thus...

Exactly ...and not to mention his socialist desire to have even more people in hock to the state, so they are obedient.

Reply to
hummingbird

A 23% reduction will cancel out a 30% inflation - do the maths.

Reply to
Justine

Justine, why do you say that? I obviously *have*, already, "done the maths" - how else (do you think) I discovered the 23% figure??

Reply to
Tim

LOL!

Reply to
Chris Game

Thought you had the maths of a Labour Chancellor, sorry for misunderstaning...

Reply to
Justine

And is that the settled view of all your fellow petitioners? Did you consult? If they're still waiting for 30% you'll have overpaid by (-- does 'maths'--) 10%.

What if they're all ready to cave in at 22%?

Reply to
Clifford Frisby

Does anyone know - has the average household income been decreasing as the average number of people per household has been falling?

Reply to
Tim

There was something in the Guardian about this - how at heart Reid, Clarke, Blunkett, Blair, Brown are Trotskyites (as a number of them were publically once) who sincerely believe the people should serve the state.

Brown's scheme though - isn't that about propping up the economy so he can win the next election? He probably doesn't really give a toss about the poor.

Reply to
davidof

I wondered about that... next European president maybe? That'swhy he is so keen on the European Constitution being passed.

Reply to
davidof

On Sat, 28 May 2005 12:00:32 +0200, davidof mysteriously appeared thru the usenet mist to inform us thus...

I'm sure that Blair wanted the new job created by the new Constitution of "President of the EU", which is widely seen to be Europe's No.1 slot and thus higher up the pecking order than the current 'President of the EU Commission'. This may have happened after 1997 because of his apparent determination to bring Britain closer to Europe.

btw - I'm also sure that if it had happened, the first thing on his shopping list would be his own presidential plane to match the US president, and an army of staff to demonstrate his power.

However, along came Iraq. Blair has lost much trust and credibility across Europe and the last person the rest of Europe would now have as their No.1 is him. I'd guess that all he wants now is to screw the British people with ID Cards and then get the hell out of it to earn some money on the lecture circuit to pay his mortgage!

Politically, he's a dead man.

Reply to
hummingbird

On Sat, 28 May 2005 11:59:17 +0200, davidof mysteriously appeared thru the usenet mist to inform us thus...

True, although I try to avoid narrow labels like 'Trotskyites'. They are certainly all ex staunch socialists or commies and as often happens when these people get power, they become control-freaks and some move to the right as Blair has done.

Whatever, they are all becoming totalitarian, leading to the obvious conclusion that despite much claptrap about the people being the masters (Blair quote in 1997), this is exactly the opposite to what they actually want, as evidenced by increasingly authoritarian laws and rising taxes to pay for ever more state apparatchiks and socialist jobsworth schemes.

We were led to believe that tax rises since 1997 were to invest in public services but more and more of it is being siphoned off into other control-freakery schemes, whilst public services continue to show little improvement.

I'm sure it is. He wants to keep the bubble going as you say and also increase the numbers of people who are beholden to the state.

In the old Soviet Union, apparatchiks of the state were given the best homes in central Moscow - but if they failed to follow the party rules, lost their job and their home. Quite a powerful incentive to become subservient. Brown's scheme has this written all over it.

Reply to
hummingbird

Brown is smart - he's managed to take 1 billion from the taxpayer to create about 50 billion in extra credit that consumers will take out secured on houses - thus keeping the boom going for 4 more years. the other side of the scam is knocking down perfectly good housing - I'm told theyv'e started on Oldham - 'told ya not to vote BNP'

Simon T.

Reply to
Simon T.

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