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No not really. With the average price of a house in London approaching £1m https://www.home.co.uk/guides/house_prices.htm?location=london https://www.home.co.uk
by jack_riminton 6y ago
No not really. With the average price of a house in London approaching £1m https://www.home.co.uk/guides/house_prices.htm?location=london https://www.home.co.uk/guides/house_prices.htm?location=lond... and an average professor at Imperial earning £80k https://www.glassdoor.co.uk/Salary/Imperial-College-London-Professor-Salaries-E36783_D_KO24,33.htm https://www.glassdoor.co.uk/Salary/Imperial-College-London-P...
- throwaway2245 6y agoLooking more closely on glassdoor: it's unlikely to be true that Imperial professor salaries average £80k and University College London salaries average £101k, and these figures are more likely biased by small, self-selecting samples. [Updated to note: Imperial College quotes a fixed minimum salary of £79,080 for professors in 2019 with performance-related increases - so the Glassdoor figures quoting lower than that cannot be right] The home.co.uk site quotes the median price of property listings is £600k (is that close to £1m? ok sure). It also identifies that houses priced higher than that are listed for significantly longer, i.e. they count with more weight in this stat despite not selling. Therefore, I understand the median sale price to be lower.