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Old 11.01.2019, 15:27
Urs Max Urs Max is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
Because it wasn't needed in 1969 - the multiple of the average salary to buy the average house was much lower. See, not every aspect of living conditions improves over time...
Bank of England base rate at the end of 1979 was 17%, feel free to look up mortgage interest rates.

Like today, prices are in the upper parts of the price range potential buyers can afford. It's just that idiotic programs like Help to buy (London) push them even higher. Usually such attempts at distorting market prices end in tears.
Quote:
Yet, despite the growth in consumption and mindless acquisition (which it seems you take as a proxy for living standards), most people would agree that over the last 50 years the efficiency of public services in the UK has deteriorated badly, people feel less safe, and the working population has longer commutes (due largely to housing unaffordability) and are more stressed than ever. But Brexit will solve all that.
What if that also applied to the more distant past, but people had more urgent matters to deal with that reduced the relative importance of what you mention? I kinda doubt someone working the mines and destroying their lung in the process had public transport safety at the front of their mind.
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