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Delta Hedge's avatar

Good luck with the new blog/Substack. Check out Walthamstow Village. Overland to the City, plus only continuously underground Tube (Victoria) to central London. Compact with a great sense of community, almshouses from the 16th to 18th C, a church from 1145. The Warner Estate terrace housing outside the Village also represents good value (£500k for 2 bed). Better than Hackney IMO and with connectivity of Zone 2 but in Zone 3.

Boltt's avatar

Great stuff, I was in need of some new blog material.

I wonder about the accuracy of these wage to house price ratios:

-Average full time wage is about £38k (median)

-Most people buying will be 2 full time workers - so £76k

- people have less kids so work more hours (or should do)

- House buyers will likely be above 50th %ile in earnings

- average tax rates have fallen for median earners (well, up to band freezing era)

- are the earnings “equivalised” - I prefer raw numbers

So more like <4x average couple gross earnings for average uk house

B

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