"Fredxxx" wrote in message
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On 18/11/2017 11:00, Graeme wrote:
In message , Fredxxx
writes

Average salaries meanwhile have risen from £2,170 in 1973 to £28,200 in
2016, according to estimates from the Office for National Statistics.

This means that on average people needed 4.5 times their salary in the
late 1970s to buy a home while today, they need 7.3 times.

Interesting statistics, and fairly depressing, too, for youngsters today.
Back then, the usual maximum mortgage was 2.5 times main salary, plus
once second salary. Then again, very few people would have been able to
borrow more than eighty % of valuation.

There are some here who are in denial of the consequence of the double
whammy where immigration has increased demand and the price of housing and
at the same time an influx of workers has depressed wages.

Its far from clear that it has depressed wages given
the significant increase in the legal minimum wage.

It's probably the best indicator of why we're leaving the EU.