{"id":8277,"date":"2014-03-20T00:01:00","date_gmt":"2014-03-19T22:01:00","guid":{"rendered":"http:\/\/unitedexplanations.org\/english\/?p=8277"},"modified":"2015-05-18T16:27:50","modified_gmt":"2015-05-18T14:27:50","slug":"what-would-happen-if-everything-rose-like-house-prices","status":"publish","type":"post","link":"https:\/\/unitedexplanations.org\/english\/2014\/03\/20\/what-would-happen-if-everything-rose-like-house-prices\/","title":{"rendered":"What would happen if everything rose like house prices?"},"content":{"rendered":"<p style=\"text-align: justify;\">During the decades previous to the crisis, rising\u00a0housing prices were the common pattern in UK.\u00a0As the infographic below shows, <strong>the hike in the price of housing surged well ahead of the increase in the cost of living<\/strong>.<\/p>\n<p style=\"text-align: justify;\">The average price of properties in the UK changed from 5,600 pounds in 1971 to 242,000 pounds in 2013, staying well out of reach of the purchasing power of the majority of workers. In this context, a British company specialised in the real estate sector, <a href=\"http:\/\/www.oceanfinance.co.uk\/\">Ocean Finance<\/a>, researched <strong>what the price would be of several everyday products had they risen proportionally to housing prices<\/strong>.<\/p>\n<p style=\"text-align: justify;\">The results are portrayed in the infographic below, which demonstrates the disproportionate housing prices and their detachment from reality. The UK housing sector, just as in Spain, is <strong>out of control due to speculation<\/strong>.<\/p>\n<p style=\"text-align: justify;\">To provide some context regarding the dynamics of house prices on a global scale, it is worth checking out this interactive <a href=\"http:\/\/www.economist.com\/node\/21540328\">graph<\/a>\u00a0by The Economist, which allows us to compare the <strong>trajectories of average house prices in various countries since 1975<\/strong>.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.oceanfinance.co.uk\/blog\/if-everything-rose-like-house-prices-0-4151-0.htm\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"If everything rose like house prices\" src=\"http:\/\/www.oceanfinance.co.uk\/content\/uploads\/OceanFinance-House-Prices.jpg\" width=\"588\" height=\"5362\" \/><\/a><\/p>\n<p style=\"text-align: right;\"><b>Translation of the\u00a0<\/b><a href=\"http:\/\/www.unitedexplanations.org\/2014\/03\/10\/que-pasaria-si-todo-subiese-como-el-precio-de-la-vivienda\/\"><b>original article<\/b><\/a><b>\u00a0in Spanish by <a href=\"http:\/\/www.unitedexplanations.org\/author\/carlos-girona\/\">Carlos Girona<\/a><\/b><\/p>\n<p style=\"text-align: right;\"><strong>This is a non-profit infographic<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the decades previous to the crisis, rising\u00a0housing prices were the common pattern in UK.\u00a0As the infographic below shows, the hike in the price of housing surged well ahead of the increase in the cost of living. The average price of properties in the UK changed from 5,600 pounds in 1971 to 242,000 pounds in<br><a class=\"moretag signature-animation\" href=\"https:\/\/unitedexplanations.org\/english\/2014\/03\/20\/what-would-happen-if-everything-rose-like-house-prices\/\">CONTINUE READING<\/a>","protected":false},"author":173,"featured_media":8280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,24],"tags":[3801,3805,3804,3797,3800,3798,3803,3802,3799,42],"class_list":["post-8277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-europe","tag-average-price-of-property-in-the-uk","tag-compare-house-prices-across-countries","tag-comparing-housing-prices-across-countries","tag-housing-prices","tag-housing-prices-before-the-crisis","tag-housing-prices-in-the-uk","tag-if-everything-rose-like-house-prices","tag-ocean-finance","tag-rising-housing-prices-in-the-uk","tag-speculation"],"jetpack_featured_media_url":"https:\/\/unitedexplanations.org\/english\/wp-content\/uploads\/2014\/03\/If-everything.jpg","_links":{"self":[{"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/posts\/8277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/users\/173"}],"replies":[{"embeddable":true,"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/comments?post=8277"}],"version-history":[{"count":8,"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/posts\/8277\/revisions"}],"predecessor-version":[{"id":8640,"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/posts\/8277\/revisions\/8640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/media\/8280"}],"wp:attachment":[{"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/media?parent=8277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/categories?post=8277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitedexplanations.org\/english\/wp-json\/wp\/v2\/tags?post=8277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}