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How much is your house worth

Market Value of your house

  • sub £100k

    Votes: 11 5.1%

  • £100k to £300k

    Votes: 39 18.1%

  • £300k to £500k

    Votes: 70 32.4%

  • £500k to £750k

    Votes: 39 18.1%

  • £750k to £1m

    Votes: 19 8.8%

  • £1m to £2m

    Votes: 18 8.3%

  • Over £2m

    Votes: 10 4.6%

  • £100k to £200k

    Votes: 10 4.6%
  • Total voters
    216
misterdog said:
The relevance of which is what precisely ?
Click to expand...

It came up in the Vaccine thread, MVV made the statement

https://pinkfishmedia.net/forum/threads/coronavirus-the-new-strain-xv.250184/page-74#post-4240655

then Big Tabs queried it and said should we have a survey

https://pinkfishmedia.net/forum/threads/coronavirus-the-new-strain-xv.250184/page-78#post-4241617

So I did.

Mainly I am interested in the data and thus the profile of pfm's. It is an assumption that a Hifi forum would attract wealthier people than the average. I am not necessarily personally making the assumption but I would estimate that if you asked any person at random then they would say that they would be richer than the average person. Look at a lot of the threads especially in off topic, there are lots of car, wine, coffee makers and other lifestyle product threads as well as lot of political threads, mostly with a centre left tendency and occasional outbreaks of Tory before they are shouted down.

Anyone looking in here for the first time would detect a sort of champagne socialist nirvana from a brief viewing of the threads. Longer stays would detect the reality that it is more balanced than that and music fans are on here rather than hifi fans (in my estimation at least) and music knows no financial boundaries, in fact most of the musicians I know are quite poor by usual standards.

Soooooo, the house value data set is small so far but as a very coarse measure I would say we might be very slightly richer than the national average but not by much
 
Wonder how many of those houses have a dedicated listening room/space or a shared room which has been arranged around the Hi-Fi/Music.

We moved to a bungalow and I lost a dedicated room but have the new lounge setup with an emphasis on using it for Hi Fi/tunes.
 
Despite being a nonsense survey, I find the results pretty much confirm what many of the existing threads already reveal ... a fairly privileged community engaged in a range of expensive hobbies ... what a shock.


(for what it's worth - I am in the bottom 25%, so obviously jealous :D)
 
cutting42 said:
It came up in the Vaccine thread, MVV made the statement

https://pinkfishmedia.net/forum/threads/coronavirus-the-new-strain-xv.250184/page-74#post-4240655

then Big Tabs queried it and said should we have a survey

https://pinkfishmedia.net/forum/threads/coronavirus-the-new-strain-xv.250184/page-78#post-4241617

So I did.

Mainly I am interested in the data and thus the profile of pfm's. It is an assumption that a Hifi forum would attract wealthier people than the average. I am not necessarily personally making the assumption but I would estimate that if you asked any person at random then they would say that they would be richer than the average person. Look at a lot of the threads especially in off topic, there are lots of car, wine, coffee makers and other lifestyle product threads as well as lot of political threads, mostly with a centre left tendency and occasional outbreaks of Tory before they are shouted down.

Anyone looking in here for the first time would detect a sort of champagne socialist nirvana from a brief viewing of the threads. Longer stays would detect the reality that it is more balanced than that and music fans are on here rather than hifi fans (in my estimation at least) and music knows no financial boundaries, in fact most of the musicians I know are quite poor by usual standards.

Soooooo, the house value data set is small so far but as a very coarse measure I would say we might be very slightly richer than the national average but not by much
Click to expand...
You need to bear in mind that not everyone has all their wealth tied up in houses . There is at least one member here who has completed your survey who's net worth is a fair bit more than the market value of his house.
 
matt j said:
The only good thing I have going for me is zero debt, I managed to get rid of all that. That being said it doesn't really matter as saving for a ridiculous sized deposit will take forever anyway, debt or no debt.
Click to expand...

Avoiding debt has been a driving force for my adult life. I lived through the mass unemployment of the ‘80s and saw what it did to many people so I’ve always been really, really debt adverse. If I can’t afford something I just don’t do it. I’ve got a credit card, but it is cleared every month. It is a key reason I’ve always bought good kit second hand as it is just money invested, money that can be freed up easily if needed.

The deposit thing is a total PITA and has got a lot tighter in recent years from what I can tell. I can’t remember the exact details but IIRC I got a 100% mortgage in 2000, or very, very close to it. I may have had to stick a grand or two on the table, but certainly no more than that. I don’t think that’s even possible post the 2008 crash. I did remarkably well as I bought a desirable flat just on the rise of Blair’s property boom and sold at the top. A totally fluke occurrence that effectively got me a free house for two or three years mortgage payments. It just goes to show both the randomness and unfairness of the whole thing. It’s all bollocks, but every now and again you can win.

I have a feeling with the combination of Brexit and covid 19 a lot of value is going to come off property over the next decade and sadly a lot of folk will find themselves in negative equity. Again seeing that impact friends back in Thatcher’s ‘80s was a real eye-opener, folk with no alternative but to declare bankruptcy as they’d lost their job and they owed the building society more than their deprecating house was worth. I’d personally be very reluctant to buy anything now as I suspect a lot of ordinary property will be substantially cheaper in a couple of years.

PS You can still buy a pretty tidy little two bed terrace around here (typical Lancashire mill town) for £50-60k or so. They are good houses IMO. Looked at as a physical space I’d take one over the vast majority of flats. I’d not want to raise a family or whatever in one, but if you view them as a split-level flat they are fine! Bedroom, bathroom and office upstairs, living room and kitchen downstairs.
 
cutting42 said:
It came up in the Vaccine thread, MVV made the statement

https://pinkfishmedia.net/forum/threads/coronavirus-the-new-strain-xv.250184/page-74#post-4240655

then Big Tabs queried it and said should we have a survey

https://pinkfishmedia.net/forum/threads/coronavirus-the-new-strain-xv.250184/page-78#post-4241617

So I did.

Mainly I am interested in the data and thus the profile of pfm's. It is an assumption that a Hifi forum would attract wealthier people than the average. I am not necessarily personally making the assumption but I would estimate that if you asked any person at random then they would say that they would be richer than the average person. Look at a lot of the threads especially in off topic, there are lots of car, wine, coffee makers and other lifestyle product threads as well as lot of political threads, mostly with a centre left tendency and occasional outbreaks of Tory before they are shouted down.

Anyone looking in here for the first time would detect a sort of champagne socialist nirvana from a brief viewing of the threads. Longer stays would detect the reality that it is more balanced than that and music fans are on here rather than hifi fans (in my estimation at least) and music knows no financial boundaries, in fact most of the musicians I know are quite poor by usual standards.

Soooooo, the house value data set is small so far but as a very coarse measure I would say we might be very slightly richer than the national average but not by much
Click to expand...

i think it’s very interesting, and not what I was expecting. Based on the cost of the hifi gear that people own, I would have thought the average house value would have been higher.

Obviously it’s not surprising that people are prioritising hifi on a hifi forum, but I’m still surprised at what seems to me to be the extent.

In other words, based on the gear people seem to have, I had assumed that there were quite a lot of quite rich people here. Whereas actually it seems to a more standard group that spends a higher proportion of income on hifi than I would have imagined even on a hifi forum.
 
Not my house, I've lived here since 1993 but council/now transferred to housing association 1 bed bungalow in a very rural/scenic area of galloway, and in this area prob worth £100k?, could have bought it back in the council days for peanuts with the discount available, £21k back in 2001 but with the £6k I had saved for the deposit I decided that was far better spent on heading to india with my gf to buy a Royal Enfield (500cc of course, not that 350cc imposter) and bugger around till we burned out. I've managed to save the deposit to buy a house numerous times and become a proper "adult" but I've always chickened out at the last minute and done something daft/inspired/incredibly stupid, I've spent it all on cars/music/failing financially at festivals/gigs/events but received so much more in return than ££££/bikes....especially mtb bikes + riding trips abroad/6month wanderings abroad in India/Africa/Turkey/Middle East and sometimes I reconsider my life choices but at the end of the day (feckin' hate that phrase but 3 whisky's in to the weekend and brain has gone to mush) I would be wasted in a large and expansive house as id fall on my arse everywhere and take hours to walk from from room to room - quite happy with my 5 step slow shuffle from Living room > kitchen > bathroom > bedroom

Although......if you were to offer me FallingWater (Frank Lloyd Wright) as a direct swap from my shoebox id chew my own hand off at the offer and drag myself out the door with my bloody stump and and a toothbrush in my pocket. :)

https://fallingwater.org

Edit : having done my usual of posting an immediate and without thought whisky sozzled brainfart response to the thread title I came to the sobering conclusion that I really should have read through the previous responses before I posted, having now read back through them I can see that this forum, on this thread anyway.....that there is a distinct absence of big swinging dicks compared to other forums I've used - this is good.
 
MikeMA said:
You need to bear in mind that not everyone has all their wealth tied up in houses . There is at least one member here who has completed your survey who's net worth is a fair bit more than the market value of his house.
Click to expand...

Very true, but short of doing a net wealth survey including only house values with paid off mortgages it would be hard to evaluate and I suspect the accusation of crassness might be levelled even more. This was never attempting to be a kind of precise measure, merely a sort of finger in the air general trend. For the vast majority I suspect the value of their house does represent a large portion of their net wealth, it certainly does mine.

It is a strange dichotomy that people tend to be happy to announce the value of their houses but not their salary.
 
miktec said:
Despite being a nonsense survey, I find the results pretty much confirm what many of the existing threads already reveal ... a fairly privileged community engaged in a range of expensive hobbies ... what a shock.


(for what it's worth - I am in the bottom 25%, so obviously jealous :D)
Click to expand...

Nonsense survey??? I resemble that remark!

It is not very rigorous, I grant you nor controlled but I am quite pleased with the responses, nice bell curve centred over somewhere in the 3-500k area, shall we say £400k? Over the national average for sure but not ludicrous. Nicely middle class on a superior estate with a Volvo and a Fiesta on the drive :D:D:D
 
We purchased our first home, a 3 bedroom maisonette for £42k incl. £3k deposit in 1993, sold in 97’ for £83k. We then purchased our current 3 bed. home in 97’ for £99k and current value would be circa £450k.
Insane. Youngsters don’t stand a chance.
 
As property values vary so much across the UK, why is value a judge of anything.
When I lived in Surrey I couldn't afford a house so moved south west and purchased a 3 bed terrace for 50k in 1999. The same in most parts of Surrey would have been 150k+ back then.

My parents bought their first for 6k, 3 bed detached. Sold it approx.15 years later for 40k. Next 5 bed detached cost 70k, sold 20 years later for 400k. I believe it's up in the 750k region now and my old 50k place is now up to 180k.
I only rent here due to the xenophobic property laws and the fact that prices are still riding an artificial high.
 
The idea of owning houses is a tory mind control trick.

Should the poll not have an option of I don't own a house.

Maybe there should be a poll asking How much of your house do you own.

Maybe there should be a poll asking How much of your income do you spend on housing.
 
Amber Audio said:
Wonder how many of those houses have a dedicated listening room/space or a shared room which has been arranged around the Hi-Fi/Music.

We moved to a bungalow and I lost a dedicated room but have the new lounge setup with an emphasis on using it for Hi Fi/tunes.
Click to expand...

I purchased my house (now shared with delightful Wife) based primarily on the music room.
There was no point buying a house that didn’t allow me to blast my stereo should I choose to.

When I moved in in 1994, the first thing I did was set up my hifi.
 
Rockmeister said:
We are in our 16th house together. The first we bought, just after our wedding was a 2 up 2 down on the Isle of Wight. £11000 ish in 1981. That’s about 35000 in inflation terms, but I, guess it’s 4x that maybe now. T’other way round, in 1980 then our now house would cost maybe 130,000. Who had money like that then???? Crazy stuff.
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It’s interesting to see how much house prices have become uncoupled from the rate of inflation. I plugged one previous flat into the BoE inflation calculator and it’s current predicted sale price is multiples beyond that. You wonder what will eventually puncture the bubble. Stamp duty in Scotland is very high - 10% beyond the £325k threshold.
 
The price of land is what drives rapidly appreciating houses. It's the reason I'm content to live 30km from the city. The positive trade-off for me is a flat 750sqm section, on which I could build a brand new 225sqm house (with dedicated listening room to boot) for the same money as a run-down cottage near the CBD. Like Tony L, buying a house serves the primary purpose of a space I like calling home. Returns on investment, whilst no doubt important, is very much secondary to me. That said, since building my house almost nine years ago, it has almost doubled in value.
 
It’s always been the case of agents selling houses for what they think people can afford surely? There’s no governing body to determine property prices - it’s just down to agents.

Tony mentioned a property slump coming... round here (Surrey Hants borders) the opposite is happening.. and it’s driven by those living in London wanting to move out and have a bit of space post Covid. Working from home in a nicer environment, getting kids into good schools (whilst avoiding private school fees) etc.

A family house pops up round here and it’s viewing crazy and then sells in a few days, and they are London prices .. the agents know that the migratory buyers are selling 3 bed semis in London for circa 1M, so that’s what they price things at. Remember the stamp duty govt offer - the prices just went up a bit..

The slump will happen when the London investors no longer want to invest there, I’m not sure when that will happen, or if it’s even possible - those loans/mortgages have been sold many times over.. so a drop here would not cause a housing crash, but a HUGE financial catastrophe.
 
114 replies so far so few of us find this offensive. I’d be interested in a follow up asking what percentage of your total wealth is in HiFi?
Mine is 5%ish which seems? I need to know how I compare???
 
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