AVERAGE house prices in Wiltshire are 6.4 times the average full-time wage, new research by the GMB union reveals.
Union bosses say the figures back up their calls for more social housing to be built in the county as more and more people cannot afford to get on the housing ladder.
In Wiltshire, the average house costs £205,590 while the average gross annual pay for a full-time employee is just over £32,000.
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The 6.4 ratio, the GMB say, is far higher than the ratio over the past 30 years which has ranged between four and five.
The study calculates that to return to a ratio of five, house prices in Wiltshire would need to fall by more than £45,000.
Richard Ascough, GMB regional secretary, said: "GMB members not already on the housing ladder are simply shut out of the market at the current ratios. For them, building additional social housing is the only answer.
"Members who are already owner occupiers are finding that when their pay does not keep up with inflation, or if their partners lose their jobs, their home comes under immediate threat when they face replayment difficulties."
Give it time as stagflation sets in even the printing presses rolling all night won't save us from the slump. Prices fall, pain felt, over time wges catch up, memories fade, start the merry go round again.
Unless this time in a global economy with developing nations competing for resources things are seriously broken. Spain importing water.....
Interesting times.
Give it time as stagflation sets in even the printing presses rolling all night won't save us from the slump. Prices fall, pain felt, over time wges catch up, memories fade, start the merry go round again.
Unless this time in a global economy with developing nations competing for resources things are seriously broken. Spain importing water.....
Yep they drag the average down all right. It's the army that drag it back up, plus all the rich city folk that live here and those retired MP's, plus all the others whose kids go to those private schools.
It ain't civil servants that is for sure, Wiltshire is a rich old county.
Yep they drag the average down all right. It's the army that drag it back up, plus all the rich city folk that live here and those retired MP's, plus all the others whose kids go to those private schools.
It ain't civil servants that is for sure, Wiltshire is a rich old county.
Posted by: old jarge, beanacre on 6:16am Thu 15 May 08
Fer a start, no-one has said where that fugure comes from. Must be fair-to-middlin hard to know exactly what folk in Wiltshire earn.
Secondly, it don't need many chief executives of the "mega-council" on £200,000-plus to push it up.
Fer a start, no-one has said where that fugure comes from. Must be fair-to-middlin hard to know exactly what folk in Wiltshire earn.
Secondly, it don't need many chief executives of the "mega-council" on £200,000-plus to push it up.
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