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I don't understand how the housing costs are so low? £5.3k annual for median household, inc council tax. Am I just out of touch with non-London housing costs?
hoefla-
That's too low for Belfast now, renting for £500 ex. rates is possible but that's already £6K a year plus rates/agency fees.
Perhaps some country side areas lower the average but it seems low to me. And NI isn't that expensive & our rates are low.
Or it's low due to people having bought a house with mortgage part paid?
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Housing was affordable for boomers 20,30,40 years ago, and it still is if they bought something back then. That’s why they think they’re financial wizards.
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The data is from the ONS here .
(Table A6 "Detailed household expenditure by gross income decile group (cont.)", section 4, "Housing (net)1, fuel & power")
Mortgage interest is excluded.
JWestland
rodan
NotThamesWater
Fun Twitter thread on just how fucked 50% of the population are:
https://threadreaderapp.com/thread/1505102555742982148.html