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Robert Powell reports on the escalating level of rental rates and finds out what can be done to solve this new housing crisis...
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27Interesting, but when I reflect back to 1958 when my earnings were £1000 pa (a tad less than average earnings) I could have purchased a newly built 2 bedroom terraced house with living/dining room, bathroom, modern kitchen, and with a nearby lockup garage for £1000, yes, just a year's earning. Today, to buy this same house in that area would cost 10 times the average earnings. A similar house in 1938 cost less than £350 (nice area too) just about double a tradesman wage while today those houses would be in the region of £350,000 about 10 times a tradesman's wage! A small new family car then would have cost about the same as average earnings while today a similar car cost less than a third of average earnings but then few people possessed a car in those days. Additionally, the average annual rate of murder throughout the UK in the mid 20c years was 5 yes, just 5 when capital punishment was in force. Here is another interesting bit of information, the penalty, hanging, drawing, and quartering, was abolished as recent as 1947! Just around 20 years later hanging was abolished when since the annual rate of murder for the UK is probably around 350 (which is a conservative estimate) say an increase of at least 70% yet some fools still advocate that capital punishment is not an effective deterrent! Advance society backwards!
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7Er I hope Our Wullie doesn't manage his own finances as he might get into difficulties. The murder rate in the UK in 1950 was 7.9 PER MILLION of population or 328. The figures are now 12.4 and 650 its not much of a rise in 50+ years given all the other factors involved.
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