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The whole point is that people can afford to spend much more in housing because nearly every other cost of living is way lower than before. Especially high price items such as cars and holidays and electricals.

Then we have other significant items. Who remembers the fuss over a phone bill back then?

a colour tv was same actual price as now ffs . In real terms it's a tiny fraction

The disposbale income is massively higher both in real tms but most importantly in what it can buy.

Petrol seems seems to be the only given example of otherwise (and I suspect that's dubious) but is a rubbish example because it's pinpointed just before the first oil crisis. There is little doubt that oil prices were extremely low before 1973

the big issue is getting in the ladder and the need for more supply.

<blockquote data-quote="clivex" data-source="post: 2518927" data-attributes="member: 65326">The whole point is that people can afford to spend much more in housing because nearly every other cost of living is way lower than before. Especially high price items such as cars and holidays and electricals. Then we have other significant items. Who remembers the fuss over a phone bill back then?a colour tv was same actual price as now ffs . In real terms it&#039;s a tiny fraction The disposbale income is massively higher both in real tms but most importantly in what it can buy. Petrol seems seems to be the only given example of otherwise (and I suspect that&#039;s dubious) but is a rubbish example because it&#039;s pinpointed just before the first oil crisis.&nbsp; There is little doubt that oil prices were extremely low before 1973the big issue is getting in the ladder and the need for more supply.</blockquote>

[QUOTE="clivex, post: 2518927, member: 65326"] The whole point is that people can afford to spend much more in housing because nearly every other cost of living is way lower than before. Especially high price items such as cars and holidays and electricals. Then we have other significant items. Who remembers the fuss over a phone bill back then? a colour tv was same actual price as now ffs . In real terms it's a tiny fraction The disposbale income is massively higher both in real tms but most importantly in what it can buy. Petrol seems seems to be the only given example of otherwise (and I suspect that's dubious) but is a rubbish example because it's pinpointed just before the first oil crisis. There is little doubt that oil prices were extremely low before 1973 the big issue is getting in the ladder and the need for more supply. [/QUOTE]

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