You can’t base it solely on inflation. You need to look at it in relation to the average wage. An average yearly salary for a male manual labourer in 1938 was around £180. ( https://www.ons.gov.uk/file?uri=/employmentandlabourmarket/peopleinwork/earningsandworkinghours/adhocs/006301newearningssurveynestimeseriesofgrossweeklyearningsfrom1938to2016/000813.xls ), which adjusted for inflation is just over £10k.
Is that per month?
Marble bathrooms too… how fancy.
Today that house has about 10 people flat sharing at £1200 a month plus bills and the oak paneled lounge is converted into an extra 3 bedrooms.
Want to know something really crazy… I know people who bought their 5 bedroom house in Muswell Hill in the early 70s for £1500 because it had a sitting tenant living in the basement.
£1,065 to live in Edgware, you’re having a laugh mate. What’s the world coming to!
this is from a time when people bought houses to live in, not treating them as long term investments. The mentality was different. It’s also during the “Homes for hero’s” phase after the first war.
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I’ll take 3
According to the Bank of England calculator, the £2,000 top range equates to £113,698 today.
[https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator](https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator)
And this is why basically we are all fucked.
Mannnnn. I guess its my fault for being born in 1999
The average earnings in the city were [£130](https://www.google.com/search?client=firefox-b-m&sca_esv=73afc9bb409a06fd&q=Average+income+london+1930+per+month&sa=X&ved=2ahUKEwj-no2b192PAxV6QkEAHe-jIXcQ1QJ6BAhnEAE&biw=96&bih=212&dpr=3.33) per annum, so still 7 x the average wage! Not quite the bargin you think.
You can’t base it solely on inflation. You need to look at it in relation to the average wage. An average yearly salary for a male manual labourer in 1938 was around £180. ( https://www.ons.gov.uk/file?uri=/employmentandlabourmarket/peopleinwork/earningsandworkinghours/adhocs/006301newearningssurveynestimeseriesofgrossweeklyearningsfrom1938to2016/000813.xls ), which adjusted for inflation is just over £10k.
Is that per month?
Marble bathrooms too… how fancy.
Today that house has about 10 people flat sharing at £1200 a month plus bills and the oak paneled lounge is converted into an extra 3 bedrooms.
Want to know something really crazy… I know people who bought their 5 bedroom house in Muswell Hill in the early 70s for £1500 because it had a sitting tenant living in the basement.
£1,065 to live in Edgware, you’re having a laugh mate. What’s the world coming to!
this is from a time when people bought houses to live in, not treating them as long term investments. The mentality was different. It’s also during the “Homes for hero’s” phase after the first war.
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