In 1974 our neighbour's bought their three story Victorian house for the miserly sum of £14K. In 1984 it sold for £54K. Then, at the height of the housing boom in 1988, it sold for£188K.
Why did it treble in price in just four years?
Was it due to the fact that from the 70s onwards women went out to work?
The rule used to be a mortgage should never be more than a quarter of one person's salary, (the husband's). So what happened?
Why did it treble in price in just four years?
Was it due to the fact that from the 70s onwards women went out to work?
The rule used to be a mortgage should never be more than a quarter of one person's salary, (the husband's). So what happened?