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Quick search on Google suggests a mortgage rate of 5.62% in Jan. 1966... rising to 6.81% by Dec 66 (but it started falling again in 67)
On paper a 3K mortgage at 5.62% rising to 6.81% is more attractive than a 200K mortgage today at something around 2.5/3% rising to say 4.5% - but what it represents as a % of your income comes into play
Not here in NI with the massive housing crash. Far as I can tell house prices are still at about half what they were at the height of the boom. An awful lot of people must be in negative equity. EDIT: Actually now I think of it, maybe less than half.
One minute the houses were a bargain compared with most of England, next minute they were more expensive than similar areas of England
i had £200 max for something offset a couple of years ago. vms were £250ish so i thought i'd give it a couple of months to save up a bit more & to see if any offers turned up to help me make the difference.
they then jumped up to £280. six months later broke £300. & now £360.
my maths is horrendous but that's almost 50% increase in two/three years. way over inflation, exchange rates, oil prices and all the usual excuses.
part of me wonders whether they have just deliberately pumped the price on them to increase their margins on less sales & thrown the new cheap offsets into the pool for the pocket money minnows like me.
Some self imposed limits can lead to innovation and creativity apparently. I'll have to try it one day...
(dons body armour and runs for cover...)
I also am a bit mystified at what you mean by "similar areas of England"? Is there any part of England as crap as NI?
That was arguably the most bewildering part of the boom- estate agents and developers were selling houses in developments here for, say, £300k, saying that's what you'd pay in London.
I mean, what? Who in their right mind would pick NI over London? And not even Belfast, I mean out in the sticks.
Crazy.
* I definitely thought they were too dear at the time, as did my parents etc., and we seemed to be some of the few people saying prices were crazy, but at the same time if you start thinking, "If I don't get on the ladder now I may never get on..." you don't know what you might do, so I consider myself pretty lucky that it wasn't an option. I like to think/hope I wouldn't have been sucked in, but you never know. And hindsight's 20/20, after all.
Also, the line, that would have been funny were it not so serious since it probably persuaded a lot of people to buy, that a lot of people were using (in a suitably patronising tone) was, "They're not making land any more, don't you know? That's why it's a good investment and prices can't fall!"
I mean, I suppose that's technically true, but at the same time I think people might have been aware of that before the boom started circa 1998 or so. Why all of a sudden people realised that (since apparently that was the sole cause of the boom) was never adequately explained...
I'd rather stop being sexist.
Anyway, yes there are parts of England worse then any part of NI I have seen
Probably some other reasons, too.
And wow
I mean I could be wrong but I seem to remember at one point Northern Ireland had the most expensive property in the UK outside of London (and was getting pretty close to parity with London I think). Which is crazy- I know I was being slightly facetious about the "is anywhere in England as crap as NI?" but I'd say I'd much prefer to live in most parts of England rather than here. Apart from anything else you're kind of closer to somewhere decent even if exactly where you are isn't all that great.
Although I love looking at gear and have seriously thought about buying more, I have four guitars and three amps and only play at home!
"oohhh shiney, you don't have one like that, go on go on go on..."
on the other shoulder is Jimminy Cricket whispering "What the hell do you need that for? You play in a pub covers band, not the O2. Now go and practice some scales and your backing vocals and stop being a dick".
Devil - "SHINEY!"
There are of course lovely bits of NI
My impression is that the poshest bits of England and the Roughest bits of England are beyond what you'd find in NI
And yeah I strongly suspect that's true, it seems to be a lot more egalitarian here. We don't seem to really have an upper class like England does. I've not really been to any of the rougher bits in England but I sort of suspect that's true as well.
i also have a little vintage teisco which has no pickups that i just use for playing around on when i am in bed. because if i fall asleep & it ends up on the floor it is kind of unbreakable.
i was just after a modestly priced guitar for potential gigging. my main guitar, while not valuable, has been custom made/adapted to my needs & would be hard to replace, so it never goes out of the house. anyway, i ended up buying a cheap jagmaster, then band offer evapourated, so i sold it to get some cash to get into daw. so back to 1.
i actually really like only having one (asd may be a factor, always wanting the same). & i very much agree with your point that time spent shopping & fussing is time spent not playing. though obvs can't play all the time.
as for "Maybe we should all stop being a bunch of girls worrying about going shopping"
biologically impossible i'm happy to say. & i hate shopping.
I wish people could just build one-off houses in fields in England, and spread people out more