House prices and disposable incomes
Following on from yesterday’s budget post, I wanted to talk about house prices in the UK. The house I grew up in cost my father £6000 back in the 1970s. That same house is now worth nearly £200,000. While house prices have soared up in recent years, the average income has struggled to keep up.
According to current statistics the average house price in the UK is now £184,924. The average house in many areas of the UK such as Cornwall, Devon, Kent, and Wiltshire is well above the £200,000 mark and in 11 counties it is now over £250,000. The average flat in London is over £275,000!
It really is getting harder and harder for first time buyers to get on the housing market. With the average wage in the UK currently £447 per week so an extra income of £200 - £500 per month from a Kleeneze business makes a huge difference to many households. From the average income people have to pay rent, council tax, insurance, fuel and travel costs, water rates, phonebills, food, heating… the list goes on. What is left is typically less than £200 per month ‘disposable income’ or ‘lifestyle money’. What a Kleeneze, or Network Marketing business can do is double the average person’s lifestyle money instantly. Yes, big residual incomes are available in this business, but never underestimate the power of an extra couple of hundred pounds a month for many people.