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Issues of today: Your house is earning more than you do

PUBLISHED: 12:00 21 April 2018

Archant

Economics can be confusing. Money comes and goes and it’s hard to work out where it will go next.

Who is the main breadwinner in your house? There’s a chance it’s none of you.

New research shows one in five homes earned more than their owners over past two years.

In some areas the increase in the value of the property is double the average earning in the area, which must change the way we think about earning good money.

Children will go to their careers advice councillors and be told to think about becoming a two-bed semi.

There was a big North/South divide in the figures. Most of the areas where the property earns more than the people are here in the south, which is surprising.

The lack of building a northern oowerhouse has really helped to push down wages in the north, which would have clinched it for them.

One of the problems with this is that you can’t really use the money.

If you earn more you can spend more, but if your home becomes worth more you only get that money when you sell it.

You can’t take your conservatory down the pawn shop.

You could sell your home and be the richest person living on that park bench but not many people do that.

And of course, there’s another problem with your home earning more than you do. The shift in power.

At first it’ll seem fine but soon you’ll notice your home spending time with other houses that are doing well.

You’ll try to keep the spark alive, buy it some gifts but you’ll both know, it can do better.

And eventually your house will leave you. But it’s OK, in the separation you might get the house.

You see what I mean, economics is very confusing.


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