In 1950 the average house price was around £1500. The average yearly wage was about £320 a year, so that is a ratio of about 4.7.
Go onto 1970 and the average house price is about £5000 and wage 1800, ratio 2.8.
1980 and the average house cost £23,000 and wage £6000, ratio 3.8.
1990 house price £60,000, wage 14000, ratio 4.3.
2000 house price 80,000, wage £21000, 3.8
2015 house price 190,000, wage £30,000, ratio 6.3.
The current house price is around £230,000 and wage around £31,000, ratio 7.4.
The wages are somewhat skewed by very high incomes as the difference between the lowest and highest groups have increased dramatically, but the underlying figures suggest that buying a house is now harder than any time in the whole of UK’s history.
The amount of social housing in the UK in 2018 was 1.59 million dwellings, and there were 108,300 lettings, and on average 4.3 million looking for social housing at any one time, virtually all on lower wages, 100,000 of those waiting for 10 years or more. Private registered providers dwellings stood at 2.5 million. 20 years ago the total between them was about the same or slightly more with the numbers being reversed, but over the last 20 years the 2 million local authority dwellings have been transferred into the hands of private associations.
From about 1946 to 1976 and Margaret Thatcher’s Government, about 100,000 social dwellings were being built a year compared to the average of about 10,000 a year by housing associations since then. This is about the same as the total number of houses built last year by all public, housing associations and private builders put together, and this has been happening for about 20 years as successive local councils and governments have reneged on their promises after the war.
Our population has also increased from 61.4 million in 1970 to 66.57 million now, so by about 8%.
So at the moment we are probably looking of at least a 2.5-3 million home shortfall that is made up of high rents in the private sector, quite often underpaid by the government directly into private pockets and clawed back in tax.
Society is decaying and it will decay even further, but it is not a case of falling, it is a case of being pushed. If you constantly make hard unfeeling decisions, expect a hard and unfeeling society in return, split between the have not’s and the couldn’t care lesses. Society advances as a whole or it doesn’t. You get the society you make and deserve.
The Kings, Queens, Dukes, etc. died young because they hogged the resources and the society under them couldn’t advance. Except for maybe Prince Albert. It advanced under him and shakily since for 180 years more than it did the previous 3000 years. We owe him this tribute.